TAM Added to Brazilian Sustainability Index -- ISE
SAO PAULO, Brazil, Dec. 1 /PRNewswire-FirstCall/ -- TAM (Bovespa: TAMM4) has integrated into the Brazilian index of corporate sustainability (ISE) from today through November 30, 2007. There are 43 shares issued by 34 companies from 14 industries, totaling R$ 700.7 billion in market value. The amount corresponds to 48.5% of BOVESPA's total capitalization, currently at R$ 1.4 trillion.
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The participants of the new index's portfolio were selected among 60 companies that answered a questionnaire developed by the Sustainability Center from Fundacao Getulio Vargas (FGV). The questionnaire was sent to the 150 listed companies with the 120 most liquid shares at BOVESPA.
Entrance into the ISE is a result of the constant pursuit to address environmental and social issues present in the modern world. Besides entering the ISE, TAM is already part of Em Boa Companhia da BOVESPA (http://www.bovespa.com.br/emboacompanhia), which gathers social environmental responsibility projects by BOVESPA-listed companies. The site will soon be launched in English.
Investor Relations Contact: Press Agency Contact: Phone.: (55) (11) 5582-9715 Phone.: (55) (11) 5582-8167 Fax: (55) (11) 5582-8149 Fax: (55) (11) 5582-8155 firstname.lastname@example.org email@example.com http://www.tam.com.br/ri About TAM:
TAM ( http://www.tam.com.br/ ) has been the leader in the Brazilian domestic market for more than three years, and held a 51.1% domestic market share and 58.2% international market share at the end of October 2006. TAM operates regular flights to 48 destinations throughout Brazil. It serves 74 different cities in the domestic market through regional alliances. Additionally, it maintains code-share agreements with international airline companies that allow passengers to travel to a large number of destinations throughout the world. TAM was the first Brazilian airline company to launch a loyalty program. Currently, the program has over 3.3 million subscribers and has awarded more than 3.6 million tickets.