This press release uses a format that is generally accepted by most media. The release should be double-spaced. Keep it brief and in inverted-pyramid style: most important news first, secondary news next, etc. If the story runs on to a second page, identify your story in the upper left-hand corner. End the release with three # symbols bottom-center.
Contact: <contact information>
<DATELINE>--Abc Company encourages the enterprising spirit in all of its employees, and so we are pleased to announce that <departing employee> is leaving the company to begin <his/her> own startup <type of business> company.
<details about person>
A replacement for <last name> has not been determined. For more information, please contact <contact person> at <contact number>.