BKFK, Xerox Present "Chester Awards"
to America's Best Kid Inventors

NEW YORK, June 21, 2005 - As winners of the By Kids For Kids (BKFK) Xerox National Invention Competition, four enterprising young inventors will be presented today with "Chester Awards" at the International Licensing Show in New York City.

The kids, ranging in age from 10 to 17, submitted their winning entries for unique inventions of toys, games and sporting goods. The Chester Award, named after Chester Carlson, the inventor of xerography, symbolizes the spirit of innovation that all children possess.

Congratulating the winners in person are celebrity inventor Jenna Boyd, star of Warner Bros.' "The Sisterhood of the Traveling Pants" and her brother Cayden Boyd, star of Miramax's "The Adventures of Shark Boy and Lava Girl in 3-D." This year, while in 6th grade, Jenna invented the "Scripture Connecter Projector." Xerox's chief engineer, Sophie Vandebroek, and Norman Goldstein, CEO of BKFK, are presenting the Chester Awards to each of the winners.

The 2005 Chester Award winners are:

	Justin, 17, from Oceanside, N.Y., for his "Aim 'N Fish," a unique fish-shaped rod that actually casts for the young angler. The spring-loaded rod allows a person to aim the fishing line, and with the press of a button it shoots to that location.
	Kirsten, 10, from Novato, Calif., for her "FroBow," a flying disc featuring a marker and writing surface to create new fun ways to play and communicate. Kids can send aerial messages back and forth, play games like tic-tac-toe, or integrate into a team game where the secret is written under the disc.
	Kevin, 15, from Rochester, N.Y., for his "Customizable Water Blaster," a powerful water shooter featuring interchangeable functional and cosmetic parts including nozzles, blasters, hoses, side panels and other features. This brings new fun and role-play to water games.
	Taylor, 10, from Cincinnati, Ohio, for her "Magic Sponge Blocks," large building blocks made from sponge that can safely stack high without worry that they could fall and hurt a child. These magical blocks feature embedded magnets to hold them together and compress almost like a pancake for easy storage.

"As one of the world's leading companies for innovation, Xerox was a logical partner with By Kids For Kids on this contest," said Goldstein. "We had so many great ideas from kids that validated our belief in their ability to create meaningful innovations. These are ideas that we'll now bring to life to further support the imaginative spirit of today's youth."

Each of the Chester Award winners receives a licensing contract from BKFK, legal support to patent their invention (if patentable), professional expertise to bring their product to market, and a Xerox Phaser printer (worth about $1,000). Winners also named a teacher that was most inspirational to them to receive a $1,000 savings bond.

"To implement the future that Xerox scientists envision, we must continually hire the best and the brightest. That is why it is so important for bright children and teenagers to dream and think of becoming scientists and engineers," said Vandebroek.

Carlson's invention of xerography launched the copier and laser printers, and it remains the technological foundation of digital printing today. As a youth, Carlson was always toying with and testing new ideas. His passion for creativity and exploration lives on through Xerox's investments in innovation, contributions to university research and to scholarship programs, and support of the invention competition.

By Kids for Kids and Xerox will begin next year's competition, in which kids will once again be invited to put their inventions to the test, in the fall.

About By Kids For Kids Co.

By Kids For Kids™, a closely held corporation based in Stamford, Conn., is a groundbreaking new venture entirely dedicated to inspiring the innovative spirit within every kid. BKFK inspires and rewards kids for innovation excellence and encourages young people to pursue problem solving in their education and careers. By Kids For Kids transforms these ideas into commercial products where the kids earn self-esteem, business experience and royalties. BKFK represents some of the most brilliant young minds in America. For more information about BKFK, visit www.bkfk.com

About Xerox

Xerox Corporation (NYSE: XRX) is a $15.7 billion technology and services enterprise that helps businesses deploy smarter document management strategies and find better ways to work, providing the document industry's broadest portfolio of offerings. Xerox operates research and technology centers in the United States, Canada and Europe that conduct work in color science, computing, digital imaging, work practices, electromechanical systems, novel materials and other disciplines connected to Xerox's expertise in printing and document management. The company consistently builds its inventions into business by embedding them in superior Xerox products and solutions, using them as the foundation of new businesses, or licensing or selling them to other entities. For more information, visit www.xerox.com/innovation.

Media Contacts:

By Kids For Kids, (203)321-1258, media@bkfk.com

Bill McKee, Xerox Corporation, 585-423-4476, bill.mckee@xerox.com

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