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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release January 6, 1999

             PRESIDENT CLINTON NAMES MELVIN E. CLARK, JR. 
                AS A MEMBER OF THE BOARD OF DIRECTORS 
            OF THE OVERSEAS PRIVATE INVESTMENT CORPORATION

The President today announced his intent to nominate Melvin E. Clark, Jr. to be a member of the Board of Directors of the Overseas Private Investment Corporation.

Mr. Melvin E. Clark, Jr., of Washington, D.C., is President and Chief Executive Officer of Metroplex, the largest minority railroad construction contractor in the nation. He previously served as an associate attorney with Klett, Lieber, Rooney & Schorling, a Pennsylvania law firm. Mr. Clark served four years as an attorney in the Tax Division of the United States Department of Justice. He was previously appointed by President Clinton as a Director of the Pennsylvania Avenue Development Corporation. He is currently a member of the National Advisory Council of the Small Business Administration and the Washington-Baltimore Chapter of the Young President's Organization, Inc. Furthermore, he was also appointed by President Clinton to be a member of the Board of Governors of the United Service Organization, Inc. (USO).

OPIC is a self-sustaining federal agency whose purpose is to promote economic growth in developing countries by encouraging U.S. private investment in those nations. Organized as a corporation and structured to be responsive to private business, OPIC's mandate is to mobilize and facilitate the participation of U.S. private capital and skills in the economic and social development of less developed friendly countries and emerging economies.

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