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NICU moms and babies celebrate Mother’s Day with intimate and beneficial skin-to-skin “kangaroo care” bonding

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March of Dimes Foundation Logo

KANSAS CITY, Missouri, May 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — Mother’s Day at Saint Luke’s Hospital is always full of touching moments. This week, in honor of the holiday, the March of Dimes and Saint Luke’s Hospital are helping to make the day extra special for newborn intensive care unit (NICU) moms and families by providing support and personalized keepsake photos captured during skin-to-skin bonding.

Photo: http://mma.prnewswire.com/media/510853/March_of_Dimes_Kendra_Fuemmeler.jpg

Finding ways to spend quality time is sometimes hard to do in the NICU, where babies who are premature or critically ill are often fragile and under constant care. Skin-to-skin care, also called kangaroo care, or holding a diapered baby against a bare chest, is recommended by the March of Dimes and health experts worldwide. The practice is also supported by Saint Luke’s staff for its many health benefits to both parent and baby, including positive brain development, weight-gain, heart stabilization and reduction in discomfort, stress and the chance of infection for baby, as well as physical and emotional bonding, increasing breastmilk supply and stress reduction for mom.

The March of Dimes and Saint Luke’s worked with mom photographers – some whose children had previously been in the NICU – to document the sweet bonding sessions, gifting the keepsake photos to families.

Mother’s Day – especially a mom’s very first with her new baby – can be hard for many families with children in the NICU,” says March of Dimes president Stacey D. Stewart. “Our NICU Family Support program works with Saint Luke’s Hospital and more than 100 other hospitals around the United States to offer the support families need to have the best possible experience when their baby is in the NICU. From providing the chance to build a loving bond by using the sense of touch with kangaroo care, to commemorating milestones like Mother’s Day, the March of Dimes is proud to partner with hospitals like St. Luke’s to give every baby and every family a healthy, loving start.”

To view and share these intimate Mother’s Day photos and video, click here.
All photos should be dual credited to March of Dimes and the photographer whose name is watermarked in each photo.  Video is to be credited to Saint Luke’s Hospital of Kansas City.

The March of Dimes NICU Family Support Program® at Saint Luke’s Hospital supports moms who are on bed rest and at the bedside with premature or critically ill children in the NICU. The program also educates NICU staff about the best ways to support babies, families and each other.

Babies born premature (before 37 weeks of pregnancy), even born just a few weeks too soon, can face serious health challenges and are at risk for lifelong disabilities including breathing problems, vision loss, cerebral palsy, and intellectual delays. In the United States, about 380,000 babies are born too soon each year – that’s 1 in 10. The premature birth rate in our country is higher than that in most other high-resource nations.

The March of Dimes is supporting cutting-edge research at a nationwide network of five Prematurity Research Centers, where about 200 of the brightest minds are collaborating to create major breakthroughs in prematurity. By working together, March of Dimes-funded scientists and researchers are finding answers to the unknown causes of premature birth.

Saint Luke’s will also host a kangaroo-a-thon May 9-14, 2017 encouraging time spent with mom and baby enjoying skin-to-skin contact and supported by Saint Luke’s NICU staff.  

Kangaroo care has documented benefits for both parent and baby. Benefits for baby include:

  • Reduce discomfort and stress
  • Reduce the chance of infection
  • Help brain development
  • Keep baby’s body warm
  • Help stabilize heart rate
  • Help baby gain weight
  • Encourage more time in deep sleep
  • Encourage successful breast feeding

It can also be beneficial for mom:

  • Help mom bond to baby with physical connection
  • Increase mom’s breastmilk supply
  • Reduce stress and lift your spirits
  • Help mom gain confidence in physical touch and care of baby

About Saint Luke’s Hospital
Saint Luke’s hospitals deliver more than 6,000 babies every year.  Saint Luke’s offers the most advanced expertise and services to expectant mothers and their babies. Saint Luke’s NICUs offer advanced care for premature babies and infants requiring critical care. We utilize a team of experts, including neonatologists, lactation consultants, nutritionists and nurses to care for moms on bed rest, as well as NICU and full-term babies, with care tailored to each baby’s unique needs.

About March of Dimes
March of Dimes is the leading nonprofit organization for pregnancy and baby health. For more than 75 years, moms and babies have benefited from March of Dimes research, education, vaccines, and breakthroughs. For the latest resources and health information, visit marchofdimes.org and nacersano.org. You can also find us on Facebook or follow us on Instagram and Twitter.

March of Dimes Foundation Logo

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A Clean Car is Money in the Bank

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BETHESDA, Md., May 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — Purchasing a new car is a major financial investment. Keeping it clean is an easy and inexpensive way to protect its resale and trade-in value, says the non-profit Car Care Council.

“Many motorists procrastinate when it comes to cleaning their vehicles,” said Rich White, executive director, Car Care Council. “Whether you do it yourself or have it cleaned professionally, proactively keeping your car clean on the outside, and tidy on the inside, will pay big dividends when it comes to maintaining your vehicle’s value over time.”

The Car Care Council suggests five simple steps to keep a vehicle clean, helping protect it from the elements and preserve its value.

  • Declutter – Start the cleaning process by removing excess clutter from inside the car as it can be distracting and hazardous, especially when debris finds its way near the gas and brake pedals. Don’t forget to clear out items that have accumulated in the trunk as they can add extra weight and reduce fuel efficiency.
  • Clean the Interior – The next step is to thoroughly clean the interior, wash the windows, and clean and install floor mats. Be sure to vacuum on a regular basis. A clean and orderly interior allows you spot issues in the cabin so you can get them repaired before they get worse.
  • Wash the Exterior – Give your car a good wash from top to bottom using products specifically made for automobiles. Always clean the tires and wheels before washing the body, and don’t use the same washing mitt or cloth for both.
  • Wax Twice a Year – Waxing not only protects a vehicle’s finish, but it also makes subsequent washing easier. Before proceeding, make sure there are no foreign particles on the paint. It is important to note that waxing should be done in the shade, not direct sunlight.
  • Fix Chips – If you find minor paint damage, cover the paint chips as quickly as possible to prevent further damage. For a quick fix until you can get paint touchup supplies, dab a little clear nail polish on the scratch.

The Car Care Council is the source of information for the “Be Car Care Aware” consumer education campaign promoting the benefits of regular vehicle care, maintenance and repair to consumers. For the latest car care news, visit the council’s online media room at http://media.carcare.org. To order a free copy of the popular Car Care Guide, visit the council’s consumer education website at www.carcare.org.

American Repertory Theater announces Arrabal playing May 12 – June 18, 2017

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CAMBRIDGE, Mass., May 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — The American Repertory Theater (A.R.T.) at Harvard University, under the leadership of Artistic Director Diane Paulus and Executive Director Diane Quinn, is pleased to present Arrabal.

Performances begin on Friday, May 12 and run through Sunday, June 18 at the Loeb Drama Center, 64 Brattle St., Cambridge. Tickets from $25 are now on sale by phone at 617.547.8300, in person at the Loeb Drama Center Ticket Services (64 Brattle Street), or online at americanrepertorytheater.org.

A new tango-infused dance theater piece, Arrabal follows one woman’s quest to understand the violence that took her father and disrupted a nation. Told through dance and the propulsive music of the band Bajofondo, the show features an ensemble and band direct from Buenos Aires, Argentina. Directed and co-choreographed by Tony Award nominee Sergio Trujillo (choreography, Invisible Thread, Memphis, Jersey Boys, On Your Feet!, Next To Normal) with music by Academy Award winner Gustavo Santaolalla (Brokeback Mountain, Babel, The Motorcycle Diaries), choreography by Julio Zurita and book by Tony Award nominee John Weidman (Contact, Assassins) Arrabal invites audiences into the underground world of Buenos Aires’ tango clubs for a dance between the present and the past.

The performance features dancers Flor Beltramo, Soledad Buss, Valeria Celurso, Nicolás Cobos, Juan Cupini, Teresa Garcia, Paola Jean Jean, José Lugones, Maríanella Massarotti, Analia Morales, Leonard Pankow, Cesar Peral, Gabriel Ponce, John Hernan Raigoza, Carlos Rivarola, Mario Rizzo, Micaela Spina, and Marcela Vespasiano. Musicians include Patricio Bonfiglio, Luciano Coniglio, Julio Dominguez, Alejandro Kauderer, and Pablo Martin. Scenic design by Riccardo Hernandez, costume design by Clint Ramos, lighting design by Vincent Colbert, sound design by Peter McBoyle, projection design by Peter Nigrini, mixing by Rodrigo Merolla and produced by Truworthy Productions.

ABOUT THE A.R.T.:

The American Repertory Theater (A.R.T.) at Harvard University is a leading force in the American theater, producing groundbreaking work in Cambridge and beyond. Under the leadership of the Terrie and Bradley Bloom Artistic Director Diane Paulus and Executive Director Diane Quinn, the A.R.T. seeks to expand the boundaries of theater by programming events that immerse audiences in transformative theatrical experiences.

For further information visit americanrepertorytheater.org/Arrabal.

@americanrep | #ArrabalART

Contact: Nicole Banks 617.496.2000 x8863
nicole_banks@harvard.edu

Video – http://www.youtube.com/watch?v=MwaAmhoxraA

 

2017 U.N. Correspondents Association Awards For Best Journalistic Coverage Of The United Nations And U.N. Agencies

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NEW YORK, May 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — The United Nations Correspondents Association (UNCA) invites media worldwide to submit entries for its 22nd annual UNCA Awards for the best print, broadcast (TV & Radio) and online, web-based media coverage of the United Nations, U.N. agencies and field operations.

Photo – https://mma.prnewswire.com/media/510968/United_Nations_Correspondents_Association_Logo.jpg

The prizes amount to over $60,000 to be distributed among the prize categories and winners.

Deadline for submissions is September 1, 2017

The awards are open to all journalists anywhere in the world.  The Awards are:

1. The Elizabeth Neuffer Memorial Prize, sponsored by the Alexander Bodini Foundation, for written media (including online media). The prize is for print and online coverage of the U.N. and U.N. agencies, named in honor of Elizabeth Neuffer, The Boston Globe bureau chief at the U.N., who died while on an assignment in Baghdad in 2003.

2. The Ricardo Ortega Memorial Prize for broadcast (TV & Radio) media. The prize is for broadcast coverage of the U.N. and U.N. agencies, named in honor of Ricardo Ortega, formerly the New York correspondent for Antena 3 TV of Spain, who died while on an assignment in Haiti in 2004. 

3. The Prince Albert II of Monaco and UNCA Global Prize for Climate Change. The prize is for print (including online media) and broadcast media (TV & Radio) for coverage of climate change, biodiversity, and water.

4. The United Nations Foundation Prize. The prize is for print (including online media) and broadcast media (TV & Radio) for coverage of humanitarian and development aspects of the U.N. and U.N. agencies. 

 

IMPORTANT INFORMATION FOR APPLICANTS:

Coverage of the U.N. and U.N. agencies is specified in each category; the committee welcomes coverage of all issues particularly on the Sustainable Development Goals for 2030, peacekeeping operations and nonproliferation, including the elimination of nuclear, chemical and biological weapons.

Work in print, broadcast (TV & Radio) and online coverage must be published between September 2016 and August 2017.

The judges will look for entries with impact, insight and originality, and will consider the courage and investigative and reporting skills of the journalists.  Entries from the developing world media are particularly welcome.

Entries can be submitted in any of the official U.N. languages (English, French, Arabic, Chinese, Spanish, and Russian).  

A written transcript in English or French will facilitate the judging process.

Each candidate can submit to no more than two (2) prize categories, with a maximum of three (3) stories in each. Joint entries are accepted.

Electronic files and web links uploaded to the online Entry Form are required.

 

HOW TO SUBMIT YOUR ENTRY:

Entries are submitted online by completing the UNCA Awards Entry Form.

On the first page, please complete your personal information and bio and upload your photo, then proceed to submit your work electronically by including web links and or/uploading files directly to the Entry Form.

** Electronic entries are mandatory **

All entries must be received by September 1st, 2017   

For Questions regarding UNCA Awards & entries please contact:
The UNCA Office, 1-212-963-7137.
Or send an email to uncaawards@unca.com

CLICK ON THE ENTRY FORM BELOW TO GET STARTED: 

ENTRY FORM

http://unca.com/unca-awards-call-for-submissions-form/

 

UNCA Awards Committee: Sherwin Bryce-Pease (UNCA President), Carole Landry (UNCA Treasurer), Giampaolo Pioli, Linda Fasulo, J. Tuyet Nguyen, Michelle Nichols, Valeria Robecco, Richard Roth.

Telemundo And Universo “Shift” Hispanic Media With Innovative Formats And Original Programming For The 2017-18 Upfront Season

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MIAMI, May 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — NBCUniversal Telemundo Enterprises announced a robust lineup of new innovative programming for the 2017-2018 television season, featuring over 850 hours of new formats and multiplatform original content, at a press conference today. Telemundo’s new primetime programming line-up features three Super Series™ including the much-anticipated return of the worldwide success “La Reina del Sur,” and five new mini-series, including a series based on the life of renowned music icon Luis Miguel and “El Secreto de Selena,” the story behind the death of the beloved Mexican-American singer, Selena Quintanilla. On the digital front, the network presented the first-ever virtual reality (VR) experience for the 2018 FIFA World Cup and Double Acción 52, as well as its first digital bilingual reality show, the first-ever Hispanic Snapchat show and two multiplatform content collaborations with BuzzFeed. Universo, Telemundo Enterprises’ entertainment cable channel, will bring back its proven hit “celeb-realities” including “The Riveras,” and signature series including “The Walking Dead en Español.”

Experience the interactive Multimedia News Release here:
https://www.multivu.com/players/English/8101951-telemundo-universo-shift-happens-hispanic-media-redifined/  

In addition, for the first time ever, Telemundo will present the Spanish-language broadcast of the 2018 FIFA World Cup Russia™ next season. Telemundo Deportes’ will feature more than 700 hours of coverage – 56 matches on Telemundo and eight matches on Universo. The entire lineup of Telemundo’s daytime shows will be produced from a center stage in Moscow, covering the World Cup from all angles and storylines. Telemundo’s Spanish-language coverage of the 2018 FIFA World Cup Russia will be available via live stream on desktops, tablets, the Telemundo Deportes En Vivo App, and on connected TV’s, including Roku, Apple TV and Amazon Fire. TelemundoDeportes.com and the Telemundo Deportes App will offer comprehensive content, including general news and information, team and player profiles, features about the host country and much more. The digital coverage will be supplemented by extensive social media content on SnapChat, Instagram, Facebook and other platforms.

As the only major Spanish-language network growing in primetime this season, Telemundo continues to redefine Spanish-language media. Over the last few years, media consumption patterns have evolved and Hispanic audiences want higher quality content, new formats and contemporary storytelling.  As a result, Hispanic audiences now have higher expectations of what Hispanic media should be and Telemundo is giving them programming that is setting a new standard and, most importantly, representing the U.S. Latino experience.  As part of the NBCUniversal portfolio, no other media company can engage this quality Hispanic audience across all platforms with the cultural relevance and expertise of leading brands like Telemundo and NBCUniversal.

“Telemundo continues to drive growth in Hispanic media with original content that resonates with today’s Hispanic in the U.S.,” said Cesar Conde, Chairman NBCUniversal Telemundo Enterprises and NBCUniversal International Group. “Latinos are evolving and they are influencing our economy and mainstream culture more than ever.  Telemundo has evolved with them by offering innovative entertainment, news and sports, fulfilling their growing appetite for quality programming in Spanish across all platforms.”

In conjunction with NBCUniversal’s Upfront presentation, being held on Monday, May 15 at Radio City Music Hall, and to celebrate the Hispanic shift that Telemundo has identified and led in the Hispanic media industry, the Spanish-language network will hold an exclusive evening event for advertising clients and business partners at The Manhattan Center’s Hammerstein Ballroom featuring a private concert with global pop star Enrique Iglesias.

“Telemundo provides advertisers the ability to combine the compelling, high-quality storytelling with passionate and powerful consumers to fuel their business growth,” said Laura Molen, Executive Vice President, Lifestyle and Hispanic Advertising Sales, NBCUniversal. “This Upfront, we’re talking to the ad community about making a shift in their spend because we know that Telemundo is the best place to reach engaged Hispanic audiences at scale and drive a company’s business objectives better than the marketplace alternative. Being a part of the NBCU Portfolio affords Telemundo partners access to our data and content capabilities.”

FOR FULL PRESS RELEASE, INCLUDING PROGRAMMING DESCRIPTIONS, CLICK HERE.

About NBCUniversal Telemundo Enterprises:

NBCUniversal Telemundo Enterprises encompasses TELEMUNDO, a Spanish-language television network reaching 94% of Hispanic TV households and featuring original scripted and non-scripted productions, theatrical motion pictures, specials, news and first-class sports events; Telemundo Studios, the leading producer of original Spanish-language primetime content in the U.S.; the Telemundo Station Group, reaching U.S. Hispanic viewers in 210 markets, through its 17 owned stations and 55 broadcast affiliates in the US. Telemundo also owns WKAQ, a local television station serving Puerto Rico; Universo, the fastest growing Spanish-language entertainment cable network in the U.S. bringing immersive original programming and the world’s top sports franchises to more than 40 million households; Telemundo International, the second largest distributor of Spanish-language content in the world, reaching more than 120 countries in over 40 languages; and its Digital Media unit, which creates and distributes original content across digital and emerging platforms including mobile devices, apps, www.telemundo.com and www.nbcuniverso.com, and operates Fluency Productions, the company’s multi-format, multi-platform production studio. NBCUniversal Telemundo Enterprises is a division of NBCUniversal, one of the world’s leading media and entertainment companies. NBCUniversal is a subsidiary of Comcast Corporation.

 

Letter Carriers’ Annual Food Drive Set for Saturday throughout Nation

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National Association of Letter Carriers

WASHINGTON, May 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — The National Association of Letter Carriers (NALC) will conduct its 25nd annual national food drive this Saturday, May 13.

National Association of Letter Carriers

The Stamp Out Hunger® Food Drive, the country’s largest single-day food drive, provides residents with an easy way to donate food to those in need.

Customers simply leave their donation of non-perishable goods next to their mailbox before the delivery of the mail on Saturday. Letter carriers will collect these food donations on that day as they deliver mail along their postal routes and distribute them to local food agencies. Visit stampouthungerfooddrive.us to learn more.

The Letter Carriers’ food drive is held annually on the second Saturday in May in 10,000 cities and towns in all 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam. It remains as important as ever, with many people facing economic struggles. Hunger affects about 50 million people around the country, including millions of children, senior citizens and veterans.

Letter carriers see these struggles in the communities they serve, and believe it’s important to do what they can to help.

“It’s an honor to be able to help people in need by leading an effort that brings out the best in so many Americans,” NALC President Fredric Rolando said. “All of our food drives have been special. The fact that this year marks the 25th anniversary makes this one a bit more special.”

The timing is important, with food banks, pantries and shelters running low on donations from the winter-holidays and with summer looming, when most school meal programs are suspended.

Last year, letter carriers collected a record 80.1 million pounds of food donations along their postal routes. That brought the total since the NALC’s food drive began in 1993 to 1.5 billion pounds.

On Saturday, as they deliver mail, the nation’s 175,000 letter carriers will collect the donations that residents leave near their mail boxes. People are encouraged to leave a sturdy bag containing non-perishable foods, such as canned soup, canned vegetables, canned meats and fish, pasta, rice or cereal next to their mailbox before the regular mail delivery on Saturday.

Carriers will bring the food to local food banks, pantries or shelters. Several national partners are assisting the NALC in the food drive: the U.S. Postal Service, United Food & Commercial Workers International Union, National Rural Letter Carriers’ Association, United Way Worldwide, AARP Foundation, AFL-CIO, Valpak and Valassis.

This year’s effort includes a public service announcement with actor and director Edward James Olmos.

People who have questions about the drive in their area should ask their letter carrier, contact their local post office, or go to nalc.org/food, facebook.com/StampOutHunger or twitter.com/StampOutHunger.

The 280,000-member National Association of Letter Carriers represents letter carriers across the country employed by the U.S. Postal Service, along with retired letter carriers. Founded by Civil War veterans in 1889, the NALC is among the country’s oldest labor unions.

www.nalc.org

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As Country Grapples with Graduation Gaps, New Research on Mass. Students Whose First Language is Not English Suggests Youth-Led Path Forward for Educators, Policymakers

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GradNation State Activation Initiative is a three-year partnership between America's Promise and Pearson to increase high school graduation rates by encouraging statewide innovation and collaboration and sharing successful models.

BOSTON, May 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — Youth whose First Language is Not English (FLNE) represent the fastest growing segment of the United States public school population. Despite evidence that FLNE students display high levels of optimism and motivation for academic advancement, they continue to graduate at lower rates than the national average. Many states are looking for new ways to support this student population. As the Center for Promise, the Boston-based research institute of America’s Promise Alliance, finds in its new report, I Came Here to Learn: The Achievements and Experiences of Massachusetts Students Whose First Language Is Not English, youth stories and insights can offer a new perspective on their lives.

In recent years, Massachusetts has increased its high school graduation rate from just below 80 percent to 86 percent – one of the highest in the nation. However, 20 percent (one in five students) in Massachusetts are identified as FLNE, and the high school graduation rate for this growing subgroup is just above 70 percent.

I Came Here to Learn examines student-level data from the Massachusetts Department of Elementary and Secondary Education (ESE) and draws on interviews of Massachusetts FLNE students to uncover stories of resilience, motivation, and persistence as those students pursue their American dream.   

The research is a component of the GradNation State Activation Initiative, a three-year partnership between America’s Promise and Pearson to increase high school graduation rates by encouraging statewide innovation and collaboration and sharing successful models. ESE, one of three State Activation grantees across the nation, chose to focus its effort on supporting a coalition of 10 Massachusetts urban school districts to improve graduation rates for FLNE students.

“As the number of FLNE students in public schools increases, I Came Here to Learn tells us that FLNE youth, like all youth, will succeed in school and life when they have access to trusting relationships with peers and adults and the right support they need in school, in their homes, and throughout their communities,” said Dr. Jonathan Zaff, executive director, Center for Promise.  “But what we also see are indications that we, as a society, are not holding up our end of the bargain. Too many FLNE youth continue to struggle, even after becoming English proficient.”

“When we ask young people what it is they need to succeed, they’ve consistently shown a heightened awareness of the opportunities and barriers before them,” added Dr. Shannon Varga, postdoctoral research fellow at the Center for Promise, and co-author of the report. “I Came Here to Learn examines the complex personal, social, and structural barriers to learning English that FLNE students report having to navigate daily and highlights which supports help them persist.”

There are 123 native languages other than English spoken in school districts across Massachusetts. While Massachusetts has engaged in considerable work to improve educational outcomes for FLNE students, the challenges these young people and their families face go beyond academic English acquisition. Sustainable, long-term solutions will require a more comprehensive approach – one involving ESE, families, students, communities and other key stakeholders.

“FLNE students bring to the classroom a unique identity and drive to succeed,” said Shilpi Niyogi, Pearson’s Senior Vice President for North America Corporate Affairs and Global Media. “This fresh research adds to the evidence that with the right supports and a positive school climate, FLNE students can achieve their dreams and ambitions in school, work and life.” 

Key Findings. Through statistical analysis of statewide student-level data, provided by the Massachusetts Department of Elementary and Secondary Education, for more than 13,000 FLNE students, as well as group interviews with Latinx youth in five cities throughout Massachusetts—Brockton, Chelsea, Revere, Somerville, and Worcester—several findings emerged.  Some are highlighted below. 

  • FLNE does not equal low performing. There are FLNE students who are not currently English Learners (ELs) who have higher graduation rates than native English speaking students across MA (92 percent vs 88 percent). There are also high performing ELs who have grad rates higher than the statewide average for ELs (70 percent vs 63.9).
  • FLNE students new to Massachusetts and those qualifying for free and reduced price lunch need more support. Research shows FLNE students who qualify for free and reduced lunch have the lowest four-year graduation rates. Conversely, these students also have the largest increases in graduation rates when given more time to graduate. 
  • Competing priorities with school (including work or caring for family) are specific hardships that many FLNE students face while balancing multiple language and cultural expectations.
  • Family separation through immigration impacts many FLNE students emotionally, academically, and economically.
  • A school’s climate directly impacts students’ will to graduate. However, supportive relationships with caring adults and peers often encourage youth to persist.

Implications. The Center for Promise research team went straight to the source and asked FLNE young people what improvements they would make to programs, policies, and practices to help other students learn English and persist in school through graduation.  Presented here are some of those recommendations, based on their responses and experiences: 1) Create additional opportunities for connection with peers and adults for increased school engagement and performance; 2) Engage young people in the design of educational programs that serve FLNE students; 3) Support the student by supporting the family with greater efforts to foster family engagement; and 4) Provide more flexible programs for older youth to enable students to also earn money to contribute to the household.

The Road to 90. America’s Promise Alliance is a leader of the GradNation campaign to raise high school graduation rates to 90 percent by the Class of 2020. According to the latest Building a Grad Nation report, released last week, in 33 states English Learners graduated at rates less than 70 percent, and in six of those states – Arizona, Nevada, New York, Maryland, Virginia and Hawaii – less than 50 percent of ELs graduated on time.

“Equity gaps remain a clear challenge for raising high school graduation rates among English Learners in Massachusetts and several other states,” said John Gomperts, president & CEO, America’s Promise Alliance. “The country must intensify its efforts with this key subgroup if we are to reach the goal of 90 percent on-time graduation. Now, more than ever, engaging in more state specific partnerships – like our work with Pearson and the GradNation State Activation initiative – is one way to focus our efforts to get more young people across the graduation stage.”

Authors & Sponsor. I Came Here to Learn was co-authored by Shannon Varga, Max Margolius, Catalina Tang Yan, Marissa Cole and Jonathan Zaff with the Center for Promise. As part of the three-year collaboration with America’s Promise Alliance through the GradNation State Activation initiative, Pearson is the sole sponsor for this study and its dissemination. The initiative invests in three key strategies: encouraging statewide innovation and collaboration, sharing knowledge and replicating what works, and developing successful models all states can replicate. The Massachusetts Department of Elementary and Secondary Education is one of three State Activation grantees across the nation.

Full Report, Videos & Other Resources. To read the full report, executive summary, access youth videos and other resources, visit: http://gradnation.org/i-came-here-to-learn

**FLNE is an umbrella term that includes English Learners, youth who have reached English proficiency, and other non-native English speakers who have never been enrolled in a formal EL program.

About the Center for Promise
The Center for Promise is the applied research institute for America’s Promise Alliance, housed at the Boston University School of Education and dedicated to understanding what young people need to thrive and how to create the conditions of success for all young people. www.AmericasPromise.org/program/center-promise.

About America’s Promise Alliance
America’s Promise Alliance leads the nation’s largest network dedicated to improving the lives of children and youth. As its signature effort, the GradNation campaign mobilizes Americans to increase the on-time high school graduation rate to 90 percent by the Class of 2020 and prepare young people for postsecondary enrollment and the 21st century workforce. www.AmericasPromise.org   

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

John Gomperts
http://www.profnetconnect.com/johng

Jonathan Zaff 
http://www.profnetconnect.com/jonz

Contact: Daria Hall, 1-202-6570621

GradNation State Activation Initiative is a three-year partnership between America's Promise and Pearson to increase high school graduation rates by encouraging statewide innovation and collaboration and sharing successful models.

Video – http://www.youtube.com/watch?v=x6QTqdaybu4&t=82s

Logo – http://mma.prnewswire.com/media/508826/GN_APAandPearsonNoSAlabelUpdated.jpg

 

AT&T Invests Nearly $275 Million Over 3-Year Period to Enhance Local Networks in Puerto Rico

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AT&T Inc. logo.

SAN JUAN, Puerto Rico, May 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — At AT&T1, we’ve invested nearly $275 million in our Puerto Rico wireless and wired networks during 2014-2016. These investments drive a wide range of upgrades to reliability, coverage, speed and overall performance for residents and businesses. They also improve critical services that support public safety and first responders.

In 2016, AT&T made more than 900 wireless network upgrades in Puerto Rico, including;

  • Activating 5 new cell sites
  • Adding capacity to nearly 500 existing cell sites to help manage more network traffic
  • Enhancing hundreds of cell sites to help provide customers faster data speeds, and
  • Rolling in mobile cell sites (Cell on Wheels) to boost service at 2 crowd-drawing events

“AT&T is investing to provide faster, more reliable, highly secure connectivity for Puerto Ricans. These continued investments bring residents and businesses a host of new opportunities and help pave the path for 5G mobile services in the years ahead,” said Ray Flores, vice president of AT&T Puerto Rico & USVI.

“These continued investments help us innovate and serve our customers,” said Jose Juan Davila, vice president general manager for AT&T Puerto Rico & USVI.  “We want customers to have internet access at any moment, from almost any device—anywhere. By investing in our island, AT&T is making business growth possible and our customers have the tools to stay connected and entertained.”

The First Responder Network Authority (FirstNet) recently chose AT&T to build a nationwide public safety broadband network. The network will be dedicated to America’s police, firefighters, EMS personnel and other first responders when they need it. Should Puerto Rico opt-in to the FirstNet network, we will build upon our current and planned investments with a dedicated focus on the state’s first responders.

And we would expect to make a significant investment to upgrade and maintain Puerto Rico’s FirstNet network over the next 25 years, bringing your first responders the coverage, value and experience they expect.

For the third year in a row, FORTUNE magazine recognized AT&T as the Most Admired Telecommunications Company in the world in 2017. We are also No. 37 among the Top 50 World’s Most Admired companies.

AT&T is the only telecommunications company on the list. We ranked No. 1 in all 9 attributes. This included innovation, financial soundness and quality of products/services.

We have the largest fiber network within our 21-state wireline footprint.2 We are also now market a 1 gigabit connection3 on our 100% fiber network to 4.6 million locations across 52 major metro areas. We plan to reach at least 75 major metros overall. We expect to add 2 million locations in 2017, and we plan to reach at least 12.5 million locations by mid-2019.

We have an extensive Wi-Fi network with more than 40,000 AT&T Wi-Fi hotspots at popular restaurants, hotels, bookstores and retailers nationwide. And we provide access to Wi-Fi at more than 1 million locations around the world. Most AT&T smartphone and home internet customers get access to the entire national AT&T Wi-Fi Hot Spot network4 at no additional cost. Wi-Fi usage doesn’t count against customers’ monthly wireless data plans.

To learn more about our coverage in Puerto Rico, or anywhere in the U.S., visit the AT&T Coverage Viewer. For updates on the AT&T wireless network, please visit the AT&T network news page.

1 AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
2 Based on publicly available data for the top fiber providers in the AT&T operating footprint.
3 Actual customer speeds may vary. Download speeds are typically up to 940Mbps due to overhead capacity reserved to deliver the data.
4 Wi-Fi enabled device required. Other restrictions apply. See www.attwifi.com for details and locations

Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward- looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.

About AT&T
AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, business, mobile and high speed internet services. We offer the nation’s best data network* and the best global coverage of any U.S. wireless provider.** We’re one of the world’s largest providers of pay TV. We have TV customers in the U.S. and 11 Latin American countries. Nearly 3.5 million companies, from small to large businesses around the globe, turn to AT&T for our highly secure smart solutions. 

Additional information about AT&T products and services is available at about.att.com. Follow our news on Twitter at @ATT, on Facebook at facebook.com/att and YouTube at youtube.com/att.

© 2017 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

*Claim based on the Nielsen Certified Data Network Score. Score includes data reported by wireless consumers in the Nielsen Mobile Insights survey, network measurements from Nielsen Mobile Performance and Nielsen Drive Test Benchmarks for Q3+Q4 2016 across 121 markets.

**Global coverage claim based on offering discounted voice and data roaming; LTE roaming; and voice roaming in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.

From FORTUNE Magazine, March 1, 2017. 2017 Time Inc. FORTUNE© and The World’s Most Admired Companies® are registered trademarks of Time Inc. and are used under License. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, AT&T.

AT&T Inc. logo.

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Donny Hudson named General Manager / VP of Sales of Spanish Broadcasting System Radio, Miami

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Donny Spanish Broadcasting System

MIAMI, May 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (“SBS”/ (OTCQX: SBSAA) today announced that Donny Hudson has been named General Manager and Vice President of SBS Miami supervising all operations at WXDJ-FM (EL NUEVO ZOL 106.7FM), WRMA-FM (RITMO 95.7FM), WCMQ-FM (ZETA 92.3FM), and the LaMusica app. The appointment is effective immediately.

Mr. Hudson has been with SBS for eighteen years and previously held various managerial positions including SVP of Sales, Local Sales Manager, and Director of Local Sales.

Prior to joining Spanish Broadcasting System (SBS), Hudson served as EVP of Sales for America CV Network/ America TeVe. He also worked in sales at HBC for WRTO-98.3FM, WAMR-107.5FM and WQBA-1140AM, WAQI-710AM and then as General Sales Manager of WRTO-98.3FM. He started his radio career at WSUA-Radio Suave after graduating from the University of Miami in 1989 with a Degree in Broadcasting. He is a proud Miami native.

“Donny’s radio experience and acumen are a matter of indisputable record and we’re confident in his leadership abilities and ability to take our Miami stations to the highest level of operational excellence. He knows radio, he knows the advertisers, he knows the Company and its people and he’s intimately familiar with our Miami stations and audiences. No one is more qualified to take over the reins of SBS Miami,” stated Albert Rodriguez, COO of SBS.

“I am extremely excited for this opportunity and look to continue using my experience and relentless drive to grow SBS Miami shares while working alongside the great team and family that we have at SBS Miami,” stated Donny Hudson.

“Donny’s track record in South Florida media has proven him to be one of the most effective leaders in our business. Donny, throughout the years has left historical revenue marks that have remained untouched through its time. In 2005, Donny and his team led WXDJ to finish number one in revenue, ahead of all Miami radio stations regardless of language. These established benchmarks will remain constant in 2017, as part of his strategic revenue and operational action plan. As we continue to work on strengthening and revolutionize the radio marketplace, we are confident that Donny and the Miami team will solidify its leadership position in our home market for the company,” stated Eric Garcia, CRO of SBS Radio Division & General Manager of SBS New York.

Donny’s vision for the radio industry has been honed and cultivated over decades of hands-on radio broadcasting experience plus a vast knowledge of effective sales and management philosophies across media platforms.

Mr. Hudson will immediately assume his duties and responsibilities. He will be based at the Company’s Miami Broadcast Center headquarters reporting to COO, Albert Rodriguez.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. is a leading Hispanic media company that owns and operates 17 radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Spanish Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Latin Rhythmic format genres. SBS also operates AIRE Radio Networks, a national radio platform which creates, distributes and markets leading Spanish-language radio programming to over 250 affiliated stations reaching 93% of the U.S. Hispanic audience. SBS also owns MegaTV, a television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico. SBS also produces live concerts and events and owns multiple bilingual websites and LaMusica, a mobile app providing content related to Latin music, entertainment, news and culture. For more information, visit us online at www.spanishbroadcasting.com.

MEDIA CONTACT FOR SBS:

Vladimir Gomez
VP Corporate Communications & National Promotions
vgomez@sbscorporate.com
(786) 470-1644

Brad Edwards
Brainerd Communicators, Inc.
edwards@braincomm.com
(212) 986-6667

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Volaero UAV & Drones Corp. Joins Miami-Dade Beacon Council’s Drone Initiatives

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Miami Dade County Mayor Carlos A. Gimenez discussing drone technologies with Jeff Fidelin, Chief Drone Pilot and Charles J. Zwebner, CEO of Volaero Drones Corporation

MIAMI, May 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — Volaero Drones (www.volaerodrones.com) an investor member of the Miami-Dade Beacon Council Aviation Committee, and a sponsor exhibitor of drones at the recent Wings-of-Change Miami event, will be further presenting at the upcoming mini seminar for local business leaders hosted by the Council to be held on June 15th from 10 am to 12 noon at the Council’s offices.

Miami Dade County Mayor Carlos A. Gimenez discussing drone technologies with Jeff Fidelin, Chief Drone Pilot and Charles J. Zwebner, CEO of Volaero Drones Corporation

Miami and Commercial Drones” will feature a current summary of “how unmanned aerial vehicles are reshaping our target industries” such as Agriculture, Real Estate, Construction, and Public Safety.

Volaero Drones is a professional Drone Services company that provides clients with an integrated end-to-end drone technology solution including consulting; engineering; piloting; imaging; data analytics; reporting and support.

Volaero integrates cutting edge drone, imagery, and data processing technologies saving their clients time, money and resource and empowers them to better manage their affairs. The core markets that Volaero serves is:

  • Real Estate Imagery,
  • Construction Monitoring,
  • 2D Terrain Surveying and Mapping,
  • Environmental surveying,
  • Thermal Imaging,
  • 3D Modeling,
  • Building Inspections,
  • Volumetrics, and
  • Infrastructure Inspections.   

“We look forward to the opportunity of working with the Miami Dade Beacon Council, to further promote job creation and economic growth for the Miami Dade County,” said Charles Zwebner, President and CEO of Volaero.

Local businesses and drone operators interested in learning more about the Miami Dade Beacon Council’s new UAS working group are encouraged to contact James Kohnstamm at jkohnstamm@beaconcouncil.com.  Registration is free and to register please visit www.beaconcouncil.com/news-events/events

Photo – http://mma.prnewswire.com/media/510396/Volaero_wings_of_change.jpg

International Institute for Peace and Sustainable Development to be Launched in Costa Rica

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SAN JOSE, Costa Rica and DETROIT, May 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — A Heads of Agreement was signed and initial underwriting has commenced between GPM Global (GPM), University for International Cooperation (UCI), Village Green Global Inc. (VGG) and Rio Gigante Community; to establish the International Institute for Peace and Sustainable Development (IIPSD).

The Institute which will be the first graduate school in the world to focus on regenerative development using project based learning with the UN PRME Principles as its foundation, is being underwritten by Lance Capital (New York) for 96 Million US Dollars, it will be a completely self sustaining campus and serve as a lightning rod for the International Sustainable Development Goals (SDGS).

GPM President Joel Carboni states, “Given the increased challenges being seen throughout the world, it is critical to develop leaders for peace and sustainability with hands on learning approaches. This institute will drive positive change.”

In a meeting with the Costa Rican President Dr. Luis Guillermo Solis Rivera, Minister of Trade and Commerce Mr. Alexander Mora, Vice Minister of Public Education Mrs. Alicia Vargas, Vice Minister of Agriculture Felipe Arguedas, the project was welcomed given the importance of the mission that the Institute has to play nationally, regionally and globally. 

Photo – http://mma.prnewswire.com/media/510160/Village_Green_Global_Group_Photo.jpg

President Solis stated, “This project is welcomed by the country and is greeted in the context of our commitment to carbon neutrality and sustainable development.”

VGG President Doug Smith stated, “This project demonstrates all principles of sustainability and from a land use to financial investment perspective and VGG is proud to be a part of it.”

Construction of the campus, the first of several planned around the world, is expected to commence this year.

For academic inquiries contact our media contact at info@iipsd.org and for investor relations contact Doug@villagegreenglobal.com

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Big Data Shines Light on Rare Disease

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Ophthalmologist examining patient's eyes.

SAN FRANCISCO, May 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — For most people, being nearsighted is a nuisance, easily treated with a prescription for glasses or contact lenses. But some experience a complication that can cause permanent blindness.

Ophthalmologist examining patient's eyes.

It’s called myopic choroidal neovascularization, and it affects about 41,000 people in the United States. It occurs when new, damaging blood vessels grow beneath the retina at the back of the eye. Patients experience a severe loss of vision in the central part of their sight. If not treated early, patients can suffer permanent vision loss.

Because it’s a rare condition, there are few studies offering ophthalmologists guidance on how best to treat it.  Which treatments do ophthalmologists offer? When do they treat? How well does treatment work? 

To find answers, researchers turned to the American Academy of Ophthalmology’s eye disease clinical registry, the IRIS® Registry (Intelligent Research in Sight). The IRIS Registry is the largest source of real-time data on ophthalmic care nationwide. It currently holds clinical information from 134 million office visits to more than 16,000 ophthalmologists and eye care professionals in the U.S.

“Simply put, data drives good medicine. Physicians need the latest, most accurate information to deliver the best care to our patients,” said David W. Parke II, MD, the executive vice president and CEO of the Academy. “This can be a real challenge when you’re dealing with a rare condition. That’s why the IRIS Registry is becoming a powerful tool to help guide decisions by ophthalmologists and their patients.”

The result is the largest study ever conducted on this devastating condition. Published online in Ophthalmology, the journal of the American Academy of Ophthalmology, the study shows that patients treated early with an anti-VEGF drug experienced significant improvement in their vision. Patients who received no treatment lost vision.  Anti-VEGF drugs target a chemical in the body that causes abnormal blood vessels to grow under the retina. Blocking VEGF reduces blood vessel growth and slows their leakage, helps to slow vision loss, and in some cases improves vision.

This study also showed that the patients did not need more than three anti-VEGF injections over the course of a year to achieve significant improvement in their vision.

As important, this study has proven once again that the IRIS Registry is an effective tool to gain insight into real-world diagnostic, preventive, and treatment patterns of ophthalmic conditions in the United States.

About the American Academy of Ophthalmology 
The American Academy of Ophthalmology is the world’s largest association of eye physicians and surgeons. A global community of 32,000 medical doctors, we protect sight and empower lives by setting the standards for ophthalmic education and advocating for our patients and the public. We innovate to advance our profession and to ensure the delivery of the highest-quality eye care. Our EyeSmart® program provides the public with the most trusted information about eye health. For more information, visit aao.org.

About Ophthalmology
Ophthalmology, the official journal of the American Academy of Ophthalmology, publishes original, peer-reviewed, clinically-applicable research. Topics include the results of clinical trials, new diagnostic and surgical techniques, treatment methods, technology assessments, translational science reviews and editorials. For more information, visit www.aaojournal.org.

AAO Logo

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HITN TV Receives Its First Ever Emmy® Award Nominations

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BROOKLYN, N.Y., May 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — For the first time in its history, HITN TV, the leading Spanish-language network that offers educational and entertainment programming to more than 44 million households across the United States, received three Emmy® Award nominations for its work in the categories of the arts and community/public service.

HITN TV was nominated in the arts category for the production: ‘Arte Desde 3 Perspectivas en un Mismo Idioma.’  In the community/public service category, the network was singled out for the PSAs ‘Lo Que Realmente Importa’ and ‘Nuestro Voto, Nuestra Voz,’ both of which were written, produced and directed by Nydia Marsella.

“We are extremely proud to have been nominated for the television industry’s most prestigious awards for the first time in our network’s history,” said Mike Nieves, President and CEO of HITN. “The nominations are an important acknowledgement of the work our team has been doing over the past two years and validate our mission of offering US Hispanic audiences relevant, varied and high-quality content that both educates and entertains.”  

The awards were presented on May 6 in an elegant ceremony at the prestigious Marriott Marquis Hotel in New York City’s Times Square, with more than 1,000 television and media representatives, producers and journalists. 

HITN-TV is a leading Spanish-language media company that offers educational and cultural programming for the whole family.  It reaches more than 44 million viewers in the US and Puerto Rico via DIRECTV, DISH Network, AT&T U-verse TV, Verizon FiOS TV, Comcast, Charter Spectrum, Frontier Mediacom, CenturyLink Prism and Cablevision.  For more information, please visit www.hitn.org.

CVS Health Corporate Social Responsibility Activities Address Important National and Local Health Care Issues and Contribute to Economic Growth

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CVS Health

WOONSOCKET, Rhode Island, May 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — CVS Health (NYSE: CVS) today released its tenth annual Corporate Social Responsibility (CSR) Report, entitled Prescription for a Better World, providing updates on progress against the company’s 2016 CSR goals, and establishing several new performance targets.

CVS Health

Accomplishments in 2016 spanned the company’s strategic CSR pillars of Health in Action, Planet in Balance and Leader in Growth and illustrate its efforts to make health care more affordable, accessible and effective; provide customers with healthier and more sustainable products; and operate its business sustainably and responsibly.

New performance targets introduced in this year’s report include expanding the company’s commitment to preventing and mitigating prescription drug abuse by increasing pharmacist education and outreach to 750,000 children and families by 2020. In addition, to respond to the health care industry’s complex and ever-changing compliance landscape, the company is harnessing new technologies that help colleagues stay informed of and comply with regulations and has committed to providing more than two million hours of annual compliance training to colleagues across the enterprise.

“We’re incredibly proud of everything we accomplished in 2016 and believe that our business contributions have helped to address critical health care issues and deliver more affordable, accessible and effective care,” said Larry Merlo, President and Chief Executive Officer for CVS Health. “Our corporate social responsibility strategy supports our growing business while helping people on their path to better health and making the world a healthier place to live.”

Key highlights from the 2016 Report include:

Health in Action

  • Delivered a low-cost alternative to auto-injectable epinephrine as one way to increase the affordability of prescription drugs
  • Broadened MinuteClinic® services and piloted a first-of-its-kind partnership with the U.S. Department of Veterans Affairs to offer clinic services to more than 60,000 veterans served by the Palo Alto VA. The success of the pilot resulted in the recent expansion of the program to provide quality care to veterans served by the Phoenix VA Health Care System.
  • Expanded healthier food and beverage offerings to more than 2,900 stores nationwide
  • Reached more than 170,000 students with prescription drug abuse education through the Pharmacists Teach® program
  • Introduced Be The First, a five-year, $50 million initiative to help deliver the nation’s first tobacco-free generation

Planet in Balance

  • Advanced efforts to address chemicals of consumer concern by announcing the removal of parabens, phthalates and the most prevalent formaldehyde donors across nearly 600 beauty and personal care products from its store brand CVS Health, Beauty 360, Essence of Beauty, and Blade product lines
  • Published and implemented a Responsible Palm Oil Sourcing Policy and committed to sourcing 100 percent of palm oil used in CVS Health products from verified, responsible sources by 2020
  • Committed to developing a science-based emissions reduction target to align greenhouse gas emission reductions with global emissions budgets generated by climate models and joined more than 250 companies setting their emissions reduction targets in line with climate science

Leader in Growth

  • Published a Human Rights Policy that formalizes practices within our workplace and supply chain and aligns with the United Nations Guiding Principles on Business and Human Rights
  • Achieved our goal of spending $1 billion annually with diverse suppliers by 2017, one year ahead of schedule, and became one of 26 U.S.-based companies named to the Billion Dollar Roundtable, a top-level corporate advocacy organization that promotes supply-chain diversity excellence
  • Committed to expanding the company’s Registered Apprenticeships program to 3,000 participants by 2020

Prescription for a Better World is more than the title of our report – it’s a comprehensive approach to CSR that engages colleagues across our organization to make measurable progress in fulfilling our purpose,” Eileen Howard Boone, SVP of Corporate Social Responsibility and Philanthropy for CVS Health writes in the Report. “As I look ahead to the next ten years, I see so many opportunities for our CSR strategy to play an even bigger role in supporting our business and delivering value to our customers, communities and stakeholders.”

The Report was developed in accordance with the Global Reporting Initiative (GRI) G4 Guidelines, an international framework that is widely used by organizations to report on their CSR and sustainability performance. For more information on GRI, visit http://www.globalreporting.org/.

The Report is available online at http://cvshealth.com/social-responsibility/corporate-social-responsibility.

About CVS Health
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its nearly 9,700 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 90 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contact:

Investor Relations:                                        

Joe Goode, (401) 770-9820

Nancy Christal, (401) 770-3614

Joseph.Goode@CVSHealth.com

Nancy.Christal@CVSHealth.com

 

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Chronicled Launches Digital Supply Chain Platform with Secure, Smartphone-Enabled Temperature Loggers

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SAN FRANCISCO, May 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — Chronicled, Inc., a San Francisco based technology company, today announced the launch of its secure, smartphone-enabled temperature logging platform.  This first of its kind solution keeps a continuous, secure log of temperature data for heat and cold sensitive items including crucial pharmaceutical and biologics products.  The platform is integrated with disposable uTrust Sense temperature sensors developed in tandem with Chronicled’s hardware and form factor partners (more information can be found here).

To date, temperature logging products have varied between unreliable, color-changing stickers and large, expensive electronic reading devices. Chronicled’s platform utilizes credit-card sized, disposable temperature loggers that are adhesive and flexible and can be read by a smartphone.  The devices are configurable with a calibration accuracy certificate of 0.3*C to 0.5*C and with NIST and CFR21 R11 compliance letters in progress.  The compact size and flexibility of the temperature logger allows it to follow an item through multiple stages of a supply chain, and smartphone compatibility eliminates extra costs associated with purpose-built readers and USB plugins required for larger temperature tracking devices.  These technical breakthroughs allow the temperature loggers to retail at a lower price than many less versatile, less secure products currently in the market.

The devices are supported by the Chronicled App, which offers a number of unique advantages over existing systems.  The data associated with the temperature loggers is password protected, and administrators can grant different levels of permission to read and write data to different users within their organizations. The platform also offers flexible data modeling to create templates for different classes of shipments, and supports text alerts so that managers can receive and respond to temperature fluctuations in real time.  Users also have the option of attesting the data associated with the temperature loggers to a blockchain in order to ensure the immutability of their records.

Temperature regulation is an essential requirement in a number of major product segments, including pharmaceuticals, agriculture, and manufacturing.  The negative effects of failure to effectively control temperature can range from large economic losses in the case of wine or food suppliers to illness and death when involving pharmaceutical products or vaccines.  The temperature loggers developed by Chronicled and its partners help mitigate these problems by tracking an item through all points in the supply chain; by immediately alerting supervisors to any deviation from the required temperature range; and by eliminating any reliance on the trust of an individual or central database through a secure decentralized data record.

“We are very excited to offer the temperature logger at both a higher level of security and lower price point than has been available in the past,” said Chronicled CEO Ryan Orr.  “This product should go a long way toward securing our customers’ products, and providing the pharmacist, doctor, and end consumer with peace of mind.”

Chronicled is building an end-to-end secure supply chain platform with the goal of supporting various types of IoT hardware, identities, and data. The Chronicled platform can be integrated with various types of data loggers and has many use cases in cold chain management, including pharmaceuticals, chemicals, biologics, fish, caviar, blood, vaccines and other temperature sensitive products. The temperature logger is part of a growing suite of supply chain solutions supported by this platform.  These include secure CryptoSeals for sealing containers or documents, supply chain event logging adapters for regulatory compliance, and other forms of IoT-enabled data loggers on the roadmap.

About Chronicled

Based in San Francisco, Chronicled is a technology company leveraging blockchain and IoT to power smart, secure supply chain solutions. Chronicled secures IoT device identities, data, and event logs and automates IoT-dependent business logic through smart contracts. Chronicled is also a founding member of the Trusted IoT Alliance, with the mission of creating tools and standards to connect IoT and blockchain ecosystems to deliver business value.

Press Contact
sean@chronicled.com

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Gentle Barn Launches Campaign for The St Louis Six

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The Gentle Barn

SANTA CLARITA, California, May 9, 2017 /PRNewswire-HISPANIC PR WIRE/ — The Gentle Barn Foundation, who saved the six cows who had escaped from a slaughterhouse in North St. Louis on March 30th, are announcing a fundraising campaign #StLouisSix (www.gentlebarn.org) to donate towards the naming of each cow in order to fund a new Gentle Barn location in Missouri, near St. Louis. One of The Gentle Barn’s major donors has added a $100,000 matching contribution to jumpstart the campaign.

Photo: http://mma.prnewswire.com/media/509749/The_Gentle_Barn_St_Louis_Six.jpg

Chico led the amazing escape that took over local news and reached national attention. Since being rescued by The Gentle Barn, Chico and his brothers (pictured) have been given close medical attention and are enjoying their freedom at a foster-property, where they are recovering. But they need a forever home. 

“It’s our goal to start a Gentle Barn in every state so that we can give sanctuary to more animals, and hope to more children,” says Ellie Laks, Founder of The Gentle Barn. “Chico and his brothers clearly want to live. Now that they have been saved, they need a home. St Louis is the perfect place for the next Gentle Barn. With the public’s help we can open the third Gentle Barn and give sanctuary to these special cows. Please help us, help them!”

Fans of Chico and his brothers and supporters of The Gentle Barn should visit the website to participate at: www.gentlebarn.org. Please join the online campaign #StLouisSix and share it with your friends.

ABOUT THE GENTLE BARN | www.gentlebarn.org
The Gentle Barn is a national nonprofit organization, founded in 1999 as a safe haven and place of recovery for severely abused animals. The Gentle Barn offers their unique philosophy of rehabilitating animals and connecting their stories of survival and healing to the personal experiences of inner city, at-risk and special needs children who have suffered physical, mental or emotional trauma. By interacting with The Gentle Barn’s approximate one hundred and fifty animals and taking a hands-on role in their welfare, those who participate in the programs at The Gentle Barn learn empathy, trust and forgiveness. The Gentle Barn is supported by Celebrities such as Portia & Ellen Degeneres, Kelly & David Backes, Daisy Fuentes & Richard Marx, Jenna & Channing Tatum, Steve-O, Rikki Rockett of Poison, Pamela Anderson, Alicia Silverstone, and Hilary Swank.

The Gentle Barn

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Marcelo Aller Joins ABC Financial as Regional Sales Manager

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LITTLE ROCK, Ark., May 9, 2017 /PRNewswire-HISPANIC PR WIRE/ — ABC Financial (ABC) is pleased to announce the addition of Marcelo Aller as Regional Sales Manager. Steve Ayers, ABC Financial Chief Revenue Officer announced the news today.

With more than 15 years of B2B professional sales experience in the fitness industry, Aller brings with him a proven sales record with both inside and outside sales experience. His English/Spanish bilingual ability will contribute to the continued growth and success of ABC as they enter into Mexico’s software and payment processing market this summer.

Previously serving positions at multiple health and fitness technology companies, Aller has helped increase revenue and created countless industry relationships that will carry over to his new position. “We are excited to have Aller join us at ABC Financial,” said Steve Ayers, Chief Revenue Officer of ABC Financial. “His bilingual status as well as interpersonal skills will help ABC as they forge into Mexico and Spanish speaking markets.”

About ABC Financial
Launched in 1981, ABC Financial has revolutionized software and payment processing for the health and fitness industry. Headquartered in the Little Rock, Ark. area, ABC Financial serves approximately 8,000 clubs throughout the United States, Mexico, Canada and Puerto Rico. The company’s innovative club management software, DataTrak, is the most complete web-based software in the health and fitness industry. www.abcfinancial.com

CONTACT INFORMATION:
Steve Ayers
Chief Revenue Officer, ABC Financial
ABC Financial
501-515-5066
steve.ayers@abcfinancial.com

 

IBM and Andrés Cepeda introduce First ‘Cognitive Music’ Project in Latin America

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IBM Corporation logo.

CARTAGENA, Colombia, May 9, 2017 /PRNewswire-HISPANIC PR WIRE/ — IBM (NYSE: IBM) and Grammy-winning Colombian singer, songwriter and producer Andrés Cepeda will partner to collaboratively compose the artist’s next single, a pioneering initiative in the region, marking the convergence of artistic talent and artificial intelligence technology.

IBM Corporation logo.

To that end, Andrés Cepeda will make available to IBM part of his music history for IBM Watson –through technologies such as Watson Beat and Watson Tone Analyzer– to indicate the emotional tone, language and music structure that match the sentiment of his fans. The technology will help him compose a full song (music and lyrics) whose final arrangement and performance will be the responsibility of the artist.

IBM’s cognitive computing system, Watson, is a cloud-based platform that learns similarly to humans via senses, learning, and experience. It can analyze large volumes of unstructured and structured data, understand natural language, and glean insights to improve the decision-making of professionals in a wide range of fields. As Watson learns information from additional data, its machine learning capabilities makes it more intelligent over time to solve challenges and expand human expertise.

Through this partnership, IBM Watson Beat will study big volumes of data including the lyrics and melodies of the artist’s full musical pieces, and IBM Watson Tone Analyzer will study conversations on social networks and social trends, among other sources, taking Andres Cepeda’s creativity and potential to a whole new level and integrating the highest human sensitivity with leading-edge technology to create a totally new collaboration in music.

The resulting collaboration with Andrés Cepeda will be released in September, with the introduction of a new single to drop by the end of the year.

“As artists, we want to create deep connections with our audience and find inspiration in places we never imagined. For that reason, IBM Watson is a great assistant to accomplish this goal,” said Andrés Cepeda.

“This partnership with Grammy-winner Andrés Cepeda is a sign of how augmented intelligence can help artists and other professionals spark new innovations and discoveries in music and other industries including healthcare, finance, and architecture,” said Federico Martínez, General Manager IBM Colombia. “Andrés is a forward thinking artist who will revolutionize the Latin America music industry through cognitive computing that understands human emotions, social trends, language styles, and the most successful rhythms or hits, to help musicians continue creating in really innovative ways.”

This project uses Watson Beat, which interprets musical theory, structure and emotional intent from a few notes and can expand upon it to create entire songs; and Watson Tone Analyzer, which detects tone and style in a piece of text in conversation or communications. Tone Analyzer uses linguistic analysis to detect three types of tones in written text: emotions, social tendencies, and writing style.

Follow Andrés Cepeda in Social Media:
Twitter 
Facebook 
Instagram 
YouTube 

For More About IBM Colombia, visit:
http://www.ibm.com/co

IBM Colombia Press Relations               

IBM Latin America Press Relations

Verónica Rico

Christiana Cardoso Martins

vrico@co.ibm.com

chrisf@br.ibm.com

Phone: +57 315 4130289

Phone: +55 21 21325944

Andrés Cepeda Press Relations

Jairo Fernando Martínez D.

prensajairofernando@gmail.com

Phone: +57 3005686220

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Goya Foods Launches ‘Better for You’ Product Line

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JERSEY CITY, New Jersey, May 9, 2017 /PRNewswire-HISPANIC PR WIRE/ — Goya Foods, America’s largest Hispanic-owned food company, launches the ‘Better for You’ product line, categorizing its current product portfolio in addition to new Goya products.  The line features over 300 products with over 40 variations of low sodium and organic beans, organic olive oil, organic rice, brown rice, quinoa, chia, amaranth, frozen vegetables, fruits, coconut water, diet beverages, and low sodium condiments. 

“For over 80 years, we have always produced high quality, authentic Latin products.  The creation of our ‘Better for You’ product line allows us to improve marketing of our current line and add even more products that cater to consumer demands for healthier options,” says Joe Perez, Senior Vice President of Goya Foods.  “Consumers are smarter and buying trends are changing.  We’re listening and taking action in providing even more nutritious products because we care about the overall well-being of our consumers.”

In 2012, Goya collaborated with the USDA and First Lady Michelle Obama to promote the MyPlate/ MiPlato campaign among Hispanic and general market consumers as well as with Mayor Bloomberg’s Low Salt initiative. Both campaigns have provided Goya the opportunity to expand and market its product portfolio as well as provide the necessary tools and education to meet the health needs of consumers.  Goya has produced and distributed over 1 billion products marked with the MyPlate/ MiPlato logo and created more than 250,000 copies of two editions of the MyPlate/ MiPlato cookbook, brochures, posters and lesson plans that have been distributed to consumers, supermarkets, schools, and events nationwide.  In addition, Goya has reached millions by integrating healthy eating into its overall communications campaigns and continue to focus on the health and wellbeing of their consumers.

About GOYA: Founded in 1936, Goya Foods, Inc. is America’s largest Hispanic-owned food company, and has established itself as the leader in Latin American food and condiments. Goya manufactures, packages, and distributes over 2,500 high-quality food products from the Caribbean, Mexico, Spain, Central and South America. Goya products have their roots in the culinary traditions of Hispanic communities around the world; their combination of authentic ingredients, robust seasonings and convenient preparation make them ideal for every taste and every table. For more information on Goya Foods, please visit www.goya.com and follow @goyafoods on Instagram, Facebook, Twitter, Pinterest and Youtube.

Press contact:
Natalie J. Maniscalco
845.659.6506 / natalie@retromedianyc.com

Video – http://mma.prnewswire.com/media/509430/Goya_video.mp4

Red Bull Gives Your Summer Wiiings With Limited Time Offering

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Summer arrives early as Red Bull ® Summer Edition Grapefruit Twist launches nationally, available through Labor Day, offering the Wings of Red Bull with the taste of grapefruit. The light, summery taste profile will help consumers make the most of their summer. Red Bull is available in more than 165 countries around the world. Last year 6 billion cans were consumed across the globe, with 2 billion of those consumed in the U.S. For more information, visit energydrink-us.redbull.com.

SANTA MONICA, Calif., May 8, 2017 /PRNewswire-HISPANIC PR WIRE/ — Summer arrives early as Red Bull® Summer Edition Grapefruit Twist launches nationally, available through Labor Day.  The Red Bull Summer Edition offers the Wings of Red Bull with the taste of grapefruit.  The light, summery taste profile will help consumers make the most of their summer.

Summer arrives early as Red Bull ® Summer Edition Grapefruit Twist launches nationally, available through Labor Day, offering the Wings of Red Bull with the taste of grapefruit.  The light, summery taste profile will help consumers make the most of their summer. Red Bull is available in more than 165 countries around the world. Last year 6 billion cans were consumed across the globe, with 2 billion of those consumed in the U.S. For more information, visit energydrink-us.redbull.com.

Winning over new and existing consumers since 2013, the Red Bull Editions stand for taste and choice.  The line offers a delicious taste option for every palate whether new to the energy drink category, or currently enjoying Red Bull while working, studying, traveling, exercising, hanging out with friends or juggling the daily demands of life.

Last year’s Red Bull Summer Edition Kiwi Twist was the top selling new beverage item launched in 2016* and returned earlier this year as a permanent offering, the Red Bull Green Edition.

The Red Bull Editions line of Red Bull Red Edition (Cranberry), Blue Edition (Blueberry), Yellow Edition (Tropical Fruits), Orange Edition (Tangerine) and Green Edition (Kiwi Apple) are sold in single serve 12 fl. oz. (355 mL) cans, line priced with Red Bull Energy Drink, Red Bull Sugarfree and Red Bull Total Zero. Red Bull Red Edition, Blue Edition Yellow Edition and Orange Edition 8.4 fl. oz. (250 mL) 4-Packs are also available in stores nationally.  Additionally, earlier this year, Red Bull introduced the Red Bull Purple Edition Sugarfree and Red Bull Lime Edition Sugarfree for consumers seeking variety and sugar-free offerings.

The caffeine concentration is consistent across the entire portfolio of Red Bull Energy Drink products: 80 mg of caffeine in an 8.4 fl. oz. (250 mL) can and 114 mg in a 12 fl. oz. (355 mL) can – about the same as a similarly sized cup of home-brewed coffee.

Red Bull is available in more than 165 countries around the world. Last year 6 billion cans were consumed across the globe, with 2 billion of those consumed in the U.S. For more information, visit energydrink-us.redbull.com.

*IRi Total US MULO+C $ Sales, data ending 4.16.17

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America’s top 10 youth volunteers of 2017 named at 22nd annual Prudential Spirit of Community Awards

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The Prudential Spirit of Community Awards logo

WASHINGTON, May 8, 2017 /PRNewswire-HISPANIC PR WIRE/ — For community service initiatives that range from supporting veterans to providing school supplies to kids in need, 10 students were named America’s top youth volunteers of 2017 today by The Prudential Spirit of Community Awards, a national program sponsored by Prudential Financial in partnership with the National Association of Secondary School Principals (NASSP).

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These National Honorees, named during the program’s 22nd annual national award ceremony at the Andrew W. Mellon Auditorium, range in age from 11 to 18. They were selected first from a field of more than 31,000 middle level and high school youth volunteers nationwide, and then from 102 State Honorees, based on their initiative, effort, impact, and the personal growth demonstrated in the course of their volunteer service. The National Honorees each received $5,000 personal awards, engraved gold medallions, crystal trophies for their schools, and $5,000 grants from The Prudential Foundation for charities of their choice. 

Today’s ceremony was part of a four-day celebration that brought each state’s top two youth volunteers of 2017 to Washington, D.C., for sightseeing and special recognition events. These State Honorees – one middle level and one high school student from each state and the District of Columbia – were personally congratulated by Olympic gold medalist Michael Phelps last night at a gala dinner reception at the Smithsonian’s National Museum of Natural History. Each State Honoree received a $1,000 award.

These are the 10 National Honorees named today:

Amal Bhatnagar, 18, of Duluth, Ga., a senior at Northview High School, created a student organization that has provided more than a thousand first-aid kits to people in the U.S. and overseas who lack access to basic healthcare.

Riley Callen, 14, of Pawlet, Vt., an eighth-grader at Dorset Elementary School, founded an annual “hike-a-thon” in the hills of Vermont that has raised more than $250,000 to help find a cure for brain tumors, like the ones that have affected her since she was 8 years old.

Ariana DeMattei, 16, of Center Moriches, N.Y., a junior at Westhampton Beach High School, has raised over $100,000 to provide more than 1,000 new backpacks filled with school supplies for local elementary students through an organization she founded in 2012 called “Backpacks for Fellow Students.”

Sarah (Katie) Eder, 17, of Shorewood, Wis., a junior at Shorewood High School, developed a creative writing workshop for children in need that is now being taught by 120 teens in seven states and five other countries.

Bradley Ferguson, 16, of Northfield, N.J., a sophomore at Mainland Regional High School, started a service-learning club that over the past three years has supported veterans and people in need by refurbishing an American Legion post, collecting food for a community food bank, making lunches for homeless people, and growing fresh produce at several community gardens.

Harmonie Frederick, 11, of Columbia, S.C., a fifth-grader at Polo Road Elementary School, sold lemonade to raise money and awareness to fight cancer, conducted a coat drive to keep those less fortunate warm in the winter, and volunteers at a local nursing home.

Lorelei McIntyre-Brewer, 11, of Duncannon, Pa., a sixth-grader at The Cove School, built a volunteer network that has provided more than 12,000 special pillows for children around the world undergoing heart surgery.

Kelsey Norris, 13, of Bonaire, Ga., a sixth-grader at Bonaire Middle School, overcame a challenging start in life to provide more than 1,000 volunteer hours and raise more than $20,000 for a wide variety of causes aiding children and others in difficult situations.

Kenan Pala, 13, of San Diego, Calif., a seventh-grader at Francis Parker Middle School, launched an initiative to benefit homeless people by raising money for local shelters, coordinating meals each quarter at shelter kitchens, and organizing a record-setting cereal donation event.

Meghana Reddy, 18, of La Mesa, Calif., a senior at Francis Parker School in San Diego, uses 3D printing technology to produce artificial hands for children and adults in several countries who cannot afford commercial prostheses.

“These honorees have done exemplary work to contribute to the health and vitality of their communities, and we look forward to seeing the great things they achieve in the future,” said John Strangfeld, chairman and CEO of Prudential Financial, Inc. “Congratulations to each of these extraordinary young volunteers.”

“It’s a privilege to celebrate these students not only for outstanding volunteer service, but for the example they’ve set for their peers,” said Jayne Ellspermann, president of NASSP. “These honorees prove that one person truly can make a difference.”

The distinguished selection committee that chose the National Honorees was chaired by Strangfeld and included Ellspermann of NASSP; Andrea Bastiani Archibald, chief girl expert for Girl Scouts of the USA; Kristofer Bolz with the national headquarters volunteer services team at the American Red Cross; Tracy Hoover, president of Points of Light; Peggy McLeod, deputy vice president of education and workforce development at the National Council of La Raza; Frederick J. Riley, national director of urban and youth development at YMCA of the USA; Linda Shiller, at-large member on the National PTA Board of Directors; Rhonda Taylor, acting deputy director of strategic communications and director of partnerships and program engagement for the Corporation for National and Community Service; Dru Tomlin, director of middle level services for the Association for Middle Level Education; and two 2016 National Honorees: Connor Archer, a freshman at Husson University in Bangor, Maine, and Alisha Zhao, a senior at Lincoln High School in Portland, Ore.   

The Prudential Spirit of Community Awards was created in 1995 to identify and recognize young people for outstanding volunteer service – and, in so doing, inspire others to volunteer, too. In the past 22 years, the program has honored more than 120,000 young volunteers at the local, state and national level.

For more information about The Prudential Spirit of Community Awards and this year’s honorees, visit http://spirit.prudential.com or www.nassp.org/spirit.

About NASSP

The National Association of Secondary School Principals (NASSP) is the leading organization of and voice for middle level and high school principals, assistant principals, and school leaders from across the United States. The association connects and engages school leaders through advocacy, research, education, and student programs. NASSP advocates on behalf of all school leaders to ensure the success of each student and strengthens school leadership practices through the design and delivery of high quality professional learning experiences. Reflecting its long-standing commitment to student leadership development, NASSP administers the National Honor Society, National Junior Honor Society, National Elementary Honor Society, and National Association of Student Councils. For more information about NASSP, located in Reston, VA, visit www.nassp.org.  

About Prudential Financial

Prudential Financial, Inc. (NYSE: PRU), a financial services leader, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com

Editors: For pictures of the Prudential Spirit of Community Awards program logo and medallions, visit https://spirit.prudential.com/resources/media.

For digital photos or B-roll of the National Honorees at the 2017 national recognition events, contact Prudential’s Harold Banks at (973) 216-4833 or harold.banks@prudential.com

The Prudential Spirit of Community Awards logo

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Letter Carriers’ Annual Food Drive Set for May 13 throughout Nation

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National Association of Letter Carriers.

WASHINGTON, May 5, 2017 /PRNewswire-HISPANIC PR WIRE/ — The National Association of Letter Carriers (NALC) will conduct its 25nd annual national food drive on Saturday, May 13.

National Association of Letter Carriers.

The Stamp Out Hunger® Food Drive, the country’s largest single-day food drive, provides residents with an easy way to donate food to those in need.

Customers simply leave their donation of non-perishable goods next to their mailbox before the delivery of the mail on Saturday, May 13. Letter carriers will collect these food donations on that day as they deliver mail along their postal routes and distribute them to local food agencies. Visit stampouthungerfooddrive.us to learn more.

The Letter Carriers’ food drive is held annually on the second Saturday in May in 10,000 cities and towns in all 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam. It remains as important as ever, with many people facing economic struggles. Hunger affects about 50 million people around the country, including millions of children, senior citizens and veterans.

Letter carriers see these struggles in the communities they serve, and believe it’s important to do what they can to help.

“It’s an honor to be able to help people in need by leading an effort that brings out the best in so many Americans,” NALC President Fredric Rolando said. “All of our food drives have been special. The fact that this year marks the 25th anniversary makes this one a bit more special.”

The timing is important, with food banks, pantries and shelters running low on donations from the winter-holidays and with summer looming, when most school meal programs are suspended.

Last year, letter carriers collected a record 80.1 million pounds of food donations along their postal routes. That brought the total since the NALC’s food drive began in 1993 to 1.5 billion pounds.

On May 13, as they deliver mail, the nation’s 175,000 letter carriers will collect the donations that residents leave near their mail boxes. People are encouraged to leave a sturdy bag containing non-perishable foods, such as canned soup, canned vegetables, canned meats and fish, pasta, rice or cereal next to their mailbox before the regular mail delivery on Saturday.

Carriers will bring the food to local food banks, pantries or shelters. Several national partners are assisting the NALC in the food drive: the U.S. Postal Service, the United Food & Commercial Workers International Union, the National Rural Letter Carriers’ Association, United Way Worldwide, the AARP Foundation, the AFL-CIO, Valpak and Valassis.

This year’s effort includes a public service announcement with actor and director Edward James Olmos.

People who have questions about the drive in their area should ask their letter carrier, contact their local post office, or go to nalc.org/food, facebook.com/StampOutHunger or twitter.com/StampOutHunger.

                                                                ********

The 280,000-member National Association of Letter Carriers represents letter carriers across the country employed by the U.S. Postal Service, along with retired letter carriers. Founded by Civil War veterans in 1889, the NALC is among the country’s oldest labor unions.

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Delta and Aeromexico to Launch Joint Cooperation Agreement

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Delta Air Lines and the Delta Connection carriers offer service to nearly 370 destinations on six continents. For more information visit news.delta.com.

ATLANTA and MEXICO CITY, May 8, 2017 /PRNewswire-HISPANIC PR WIRE/ — Grupo Aeroméxico, S.A.B. de C.V.  (Mexico: AEROMEX.MX) and Delta Air Lines (NYSE: DAL) today begin their joint cooperation agreement (JCA) to operate transborder flights between the United States and Mexico. Delta and Aeromexico have confirmed with the U.S. Department of Transportation (DOT) and Mexico’s Federal Economic Competition Commission (COFECE) that they have completed the steps required to launch the JCA. 

Delta Air Lines and the Delta Connection carriers offer service to nearly 370 destinations on six continents. For more information visit news.delta.com.

The carriers are writing a new chapter in the history of aviation in the Americas with the first immunized transborder alliance between Mexico and the United States. This partnership will allow the carriers to expand competition and serve new destinations. Additional service and more convenient schedules will benefit customers of both companies, while deepening the relationship the airlines have shared for more than 20 years.

Starting today, Delta and Aeromexico will work together to enhance the customer experience on the ground and in the air by investing in airport facilities, boarding gates and lounges. The two companies will also be able to implement joint sales and marketing initiatives in both countries. 

“The ability to cooperate fully with Aeromexico brings additional competition to one of the most dynamic transborder markets in the world,” said Delta’s CEO, Ed Bastian. “Our opportunity to leverage Delta’s experience and our proven record of successful joint ventures, together with a long history of working with Aeromexico, will make this a great JCA.  We are now well positioned to provide significant benefits to our customers, our businesses and our employees.” 

Aeromexico CEO Andres Conesa said, “This historic agreement is very important for our customers, who will benefit from a greater choice of flights and connectivity between both countries. For our employees, it represents an extraordinary opportunity for growth and the adoption of best practices that will make us the best alliance in the region. We are also pleased that this agreement will help strengthen the relationship between Mexico and the United States by offering greater connectivity between the two countries than ever before.”

Delta will provide service in the United States through its connecting hubs in Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York, Salt Lake City and Seattle; Aeromexico will offer greater access to Mexico through its hubs in Mexico City, Monterrey and Guadalajara.

Delta and Aeromexico have a long history of working together. They launched their first codeshare in 1994. In 2011, Delta entered into an enhanced commercial agreement with Aeromexico, and in 2012, Delta invested USD$65 million in shares of Grupo Aeroméxico, the parent company of Aeromexico. In 2015, Delta and Aeromexico filed an application with the U.S. Department of Transportation and the Mexican Federal Economic Competition Commission (COFECE) seeking approval of the JCA covering transborder flights between the United States and Mexico. In 2016, both airlines accepted the conditions set by the authorities, and in 2017, they implemented the actions necessary to comply with the required remedies.

In March 2017, Delta completed a cash tender offer to acquire 32 percent of Grupo Aeromexico. With the completion of the tender offer, Delta owns 36.2 percent of the outstanding shares of Grupo Aeromexico and holds options to acquire an additional 12.8 percent for a total of 49 percent of the outstanding shares of Grupo Aeromexico.

About Delta Air Lines
Delta Air Lines serves more than 180 million customers each year. In 2017, Delta was named to Fortune’s top 50 Most Admired Companies in addition to being named the most admired airline for the sixth time in seven years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey for an unprecedented six consecutive years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 323 destinations in 59 countries on six continents. Headquartered in Atlanta, Delta employs more than 80,000 employees worldwide and operates a mainline fleet of more than 800 aircraft. The airline is a founding member of the SkyTeam global alliance and participates in the industry’s leading transatlantic joint venture with Air France-KLM and Alitalia as well as a joint venture with Virgin Atlantic. Including its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with key hubs and markets including Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis/St. Paul, New York-JFK and LaGuardia, London-Heathrow, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Delta has invested billions of dollars in airport facilities, global products and services, and technology to enhance the customer experience in the air and on the ground. Additional information is available on the Delta News Hub, as well as delta.com, Twitter @DeltaNewsHub, Google.com/+Delta, and Facebook.com/delta.

About Aeroméxico
Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico’s global airline, operates more than 600 daily flights and its main hub is in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 44 destinations in Mexico, 19 in the United States, 15 in Latin America, four in Canada, four in Europe and three in Asia.

The Group’s fleet of more than 130 aircraft is comprised of Boeing 787, 777 and 737 jet airliners and next generation Embraer 170 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9 Dreamliners.

As a founding member of SkyTeam, Aeromexico offers customers more than 1,000 destinations in 177 countries served by the 20 SkyTeam airline partners rewarding passengers with benefits including access to 672 premium airport lounges around the world. Aeromexico also offers travel on its codeshare partner flights with Delta Air Lines, Alaska Airlines, Avianca, Copa Airlines and Westjet with extensive connectivity in countries like the United States, Brazil, Canada, Chile, Colombia and Peru. www.aeromexico.com www.skyteam.com 

Aeromexico logo

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2017 March of Dimes Prize awarded to Dr. C. David Allis for groundbreaking research

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March of Dimes Foundation Logo

SAN FRANCISCO, May 8, 2017 /PRNewswire-HISPANIC PR WIRE/ — For his pioneering research that holds great promise to help prevent and treat premature birth, birth defects and other threats to the health of children, C. David Allis, PhD, the Joy and Jack Fishman Professor and Head of the Laboratory of Chromatin Biology and Epigenetics at The Rockefeller University in New York, has been awarded the 2017 March of Dimes and Richard B. Johnston, Jr., MD Prize in Developmental Biology.

Photo – https://mma.prnewswire.com/media/508427/March_of_Dimes_C_David_Allis.jpg

“I’m grateful to the March of Dimes not only for this prestigious award, but also for being so steadfastly committed to supporting innovative scientific research for nearly 80 years,” says Dr. Allis. “The March of Dimes is among the leading funders of advances in the health of mothers and children, from the first vaccines for polio to newborn screening tests and many more. I’m proud that this historic organization is recognizing the importance of my work to their goal to help sick babies survive and lead longer, healthier lives.”

“The March of Dimes believes Dr. Allis’s research has opened a door to finding new ways to diagnose, prevent and eventually cure complex conditions such as preterm birth,” says Joe Leigh Simpson, MD, senior vice president of Research and Grants at the March of Dimes.

Premature birth (before 37 weeks of pregnancy) is the most significant health problem facing mothers and babies today, the March of Dimes says. Premature birth and its complications are the leading cause of death among babies in the United States and children under age 5 around the world. Babies who survive an early birth often have lifelong health problems such as cerebral palsy, vision and hearing loss, and intellectual disabilities.

Dr. Simpson noted scientists working at the network of five March of Dimes Prematurity Research Centers around the country are leveraging Dr. Allis’s sentinel discoveries in epigenetics to determine what turns genes on and off, especially away from the healthy/normal state.  “This cutting-edge research in March of Dimes Prematurity Research Centers can be expected to accelerate determination of the causes of preterm birth,” he said.

Dr. Allis will deliver the 22nd annual March of Dimes Prize Lecture on May 8 at the Moscone Convention Center during the 2017 Pediatric Academy Societies annual meeting. He will receive the Prize at a gala black-tie dinner and ceremony that evening at the Hotel Nikko, emceed by CBS sportscaster Greg Gumbel, a member of the March of Dimes national Honorary Board of Trustees. Linda Giudice, MD, PhD, Distinguished Professor and Robert B. Jaffe, MD Endowed Professor in the Reproductive Sciences at the University of California, San Francisco School of Medicine, is scheduled to deliver the Appreciation. Stacey D. Stewart, president of the March of Dimes, will preside at the ceremony.

The March of Dimes and Richard B. Johnston, Jr., MD Prize in Developmental Biology has been awarded annually since 1996 to honor investigators whose research has profoundly advanced the science that underlies the understanding of birth defects. The March of Dimes created the Prize as a tribute to Dr. Jonas Salk shortly before his death in 1995. Dr. Salk received March of Dimes support for his work on the polio vaccine. The Prize is a cash award of $250,000 and a silver medal in the design of the Roosevelt dime, honoring President Franklin D. Roosevelt, March of Dimes founder.

The March of Dimes is the leading nonprofit organization for pregnancy and baby health. For more than 75 years, moms and babies have benefited from March of Dimes research, education, vaccines, and breakthroughs. For the latest resources and health information, visit our websites marchofdimes.org and nacersano.org. If you have been affected by prematurity or birth defects, visit our shareyourstory.org community to find comfort and support. For detailed national, state and local perinatal statistics, visit peristats.org. You can also find us on Facebook or follow us on Instagram and Twitter.

March of Dimes Foundation Logo

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Live Nation Entertainment Reports First Quarter 2017 Financial Results

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LOS ANGELES, May 4, 2017 /PRNewswire-HISPANIC PR WIRE/ —

Highlights (year-over-year):

  • Revenue Up 17% for the Quarter to $1.4 Billion
  • Operating Income Improves 36% for the Quarter to $(21) Million
  • Adjusted Operating Income Up 25% for the Quarter to $92 Million
  • Concert Ticket Sales for 2017 Shows of 46 Million, Up 25% through April
  • Sponsorship & Advertising Contracted Net Revenue Up Double Digits through April
  • Ticketmaster Fee-Bearing GTV at Constant Currency Up 18% through First Quarter

 

Live Nation Entertainment (NYSE: LYV) today released financial results for the three months ended March 31, 2017. 

Live Nation has continued growing its business in 2017, with first quarter revenue up 17%, operating income improvement of 36%, and adjusted operating income, or AOI, up 25%, with strong operating performance across all our concerts, advertising and ticketing segments.

This year we have booked more shows, sold more tickets and have more sponsorship commitments than ever before at this point of the year.  With the strength of these leading indicators, I am confident we will once again deliver record topline, operating income and AOI performance in each of our businesses in 2017.

The global concerts industry is structurally growing, with strong tailwinds for both supply and demand.  On the supply side, artists are touring now more than ever.  And on the demand side, between the millennial shifting of spend to experiences and the globalization of artists on social media, we see continued long-term growth as fans attend more concerts.

Concerts Global Platform Growth

As of the end of April we have booked over 4,000 arena, stadium and amphitheater shows for 2017, up 10% over this point last year.  As a result of our show pipeline, tickets sold through April for our concerts this year are up over 25% to 46 million tickets.

Along with this strong show and ticket count increase, we also expect to continue driving the profitability of our concerts business through increased onsite spending.  This year we have invested to add more points of sale to improve throughput and increase sales, while also continuing to refine our product assortment and pricing. 

Looking globally at the concerts business, we now promote shows in 40 countries as we continue reaching more fans in more markets. With all parts of our global concerts business looking strong this year, the concert segment continues to be the engine that powers the Live Nation flywheel strategy, growing the profitability of the concerts business while also driving our advertising and ticketing businesses.

Sponsorship & Advertising Delivered Continued Growth

We continue to see the tremendous attraction of our 70 million plus onsite fans for advertisers, driving continued double-digit growth in our advertising business.  As of the end of April, we have commitments for over 80% of our planned advertising for the year, pacing double digits ahead of this point last year.

Our top clients that have over $1 million per year in advertising continue to increase their spend, accounting for over 75% of our total committed spend, and pacing up double digits through April.

We also see increased demand for concert video content.  In addition to announcing Twitter as our latest partner in streaming live concerts, we have captured four concerts in virtual reality in partnerships with Hulu and NextVR, and last week we premiered the Live Nation-produced Puff Daddy documentary, “Can’t Stop, Won’t Stop:  The Bad Boy Story,” at the Tribeca Film Festival which will now be distributed by Apple.  Collectively, this content provides us with an array of additional ad units and valuable marketing for our tours.

Ticketmaster Marketplace Growing

In the first quarter, Ticketmaster delivered its largest quarter in history for gross transaction value, or GTV, and ticket volume on a transacted basis.  Our growth in the quarter came from both our fee-bearing primary and secondary businesses, which grew GTV by 18% and 20%, respectively.

Our success starts with continuing to build our venue client base, and in the first quarter we added 245 new clients, providing them with the most effective software platform for their ticketing needs.

On the commerce side, we begin by attracting more fans to our sites, and in the quarter we increased online visits by 10% year-on-year, and grew our installed app base by 41% to over 33 million.  And then once the fans are at our sites or app, our investments to improve the fan experience and purchase flow have driven higher conversion rates, increasing our sales.

While growing ticket sales on our sites, we have also been deploying APIs to extend our distribution.  As a result, in the first quarter we sold almost 4 million tickets off-platform, up 32% year-on-year, helping our clients, sports teams and artists, to sell incremental tickets.

One of the major initiatives we launched in the past quarter to support artists is our “Verified Fan” product, which leverages proprietary data and analytics to screen and verify potential ticket buyers, increasing the opportunity for real fans to purchase tickets for a show.  After launching this product with Ed Sheeran, we have supported over 30 tours, including Depeche Mode, Twenty One Pilots and Harry Styles as they seek new ways to get tickets in the hands of fans.  This program has been highly successful in reducing, by over 90%, the number of tickets that are then sold on secondary markets.

With this strong start to the year, we expect another record year in ticketing, driven by our concerts flywheel and enhanced by the progress we have made in our ticketing products and fan experience.

Summary

2017 is on track to be another year of growth and record results for the company.  All of the leading indicators for our concerts, sponsorship & advertising and ticketing segments are ahead of last year and we expect each of our businesses to deliver record revenue, operating income and AOI this year.

Michael Rapino
President and Chief Executive Officer
Live Nation Entertainment, Inc.

The company will webcast a teleconference today at 5:00 p.m. Eastern Time to discuss its financial performance. Interested parties should visit the Events & Webcasts section of the company’s website at investors.livenationentertainment.com to listen to the webcast. Supplemental statistical and financial information to be provided on the call, if any, will be available under the Reports section at the same link. A replay of the webcast will also be available on the Live Nation website.

Notice Regarding Financial Statements

The company has provided certain unaudited financial statements at the end of this press release for reference. These unaudited financial statements should be read in conjunction with the full unaudited financial statements, and the notes thereto, set forth in the company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission today and available on the SEC’s website at sec.gov.

About Live Nation Entertainment

Live Nation Entertainment, Inc. (NYSE: LYV) is the world’s leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. For additional information, visit investors.livenationentertainment.com.

FINANCIAL HIGHLIGHTS – 1st QUARTER

(unaudited; $ in millions)

Q1 2017
Reported

Q1 2016
Reported

Growth

Q1 2017
Constant
Currency

Growth at
Constant
Currency

Revenue

Concerts

$

863.3

$

754.9

14

%

$

877.2

16

%

Sponsorship & Advertising

64.0

57.6

11

%

64.9

13

%

Ticketing

493.7

405.8

22

%

499.2

23

%

Other and Eliminations

(7.8)

(10.6)

26

%

(7.8)

26

%

$

1,413.2

$

1,207.7

17

%

$

1,433.5

19

%

Operating Income (Loss)

Concerts

$

(75.8)

$

(66.6)

(14%)

$

(77.9)

(17%)

Sponsorship & Advertising

26.4

25.3

4

%

27.1

7

%

Ticketing

54.5

35.3

54

%

53.5

52

%

Other and Eliminations

0.2

(1.7)

*

0.2

*

Corporate

(26.7)

(25.6)

(4%)

(26.7)

(4%)

$

(21.4)

$

(33.3)

36

%

$

(23.8)

29

%

Adjusted Operating Income (Loss)

Concerts

$

(22.2)

$

(17.0)

(31%)

$

(23.0)

(35%)

Sponsorship & Advertising

33.2

30.6

8

%

33.8

10

%

Ticketing

103.1

82.1

26

%

102.8

25

%

Other and Eliminations

(0.3)

(2.3)

87

%

(0.3)

87

%

Corporate

(21.8)

(20.0)

(9%)

(21.8)

(9%)

$

92.0

$

73.4

25

%

$

91.5

25

%

* percentages are not meaningful

 

  • As of March 31, 2017, total cash and cash equivalents were $2.2 billion, which includes $671 million in ticketing client cash and $374 million in free cash.
  • Event-related deferred revenue was $1.6 billion as of March 31, 2017, compared to $1.2 billion as of the same date in 2016.
  • For the quarter ended March 31, 2017, net cash provided by operating activities was $761 million and free cash flow — adjusted was $27 million.
  • We currently expect capital expenditures for the full year to be approximately $220 million, with approximately 50% to be revenue generating capital expenditures. 
  • We currently expect the amortization of nonrecoupable ticketing contract advances for the full year 2017 to be approximately in line with the total amount in 2016.

 

KEY OPERATING METRICS

Q1 2017

Q1 2016

(in thousands except estimated events)

Concerts (1)

Estimated events:

North America

3,744

3,448

International

2,207

2,397

Total estimated events

5,951

5,845

Estimated fans:

North America

5,775

4,841

International

5,095

4,079

Total estimated fans

10,870

8,920

Ticketing (2)

Number of fee-bearing tickets sold

49,602

44,523

Number of non-fee-bearing tickets sold

78,435

76,482

128,037

121,005

(1)

Events generally represent a single performance by an artist.  Fans generally represent the number of people who attended an event.  Festivals are counted as one event in the quarter in which the festival begins, but the number of fans is based on the days the fans were present at the festival and thus can be reported in multiple quarters.  Events and fan attendance metrics are estimated each quarter.

(2)

The number of fee-bearing tickets sold includes primary and secondary tickets that are sold using our Ticketmaster systems or that we issue through affiliates.  This metric includes primary tickets sold during the year regardless of event timing, except for our own events where our concert promoters control ticketing and which are reported as the events occur.  The non-fee-bearing tickets sold includes primary tickets sold using our Ticketmaster systems, through season seat packages and our venue clients’ box offices, along with tickets sold on our ‘do it yourself’ platform.

 

Reconciliation of Certain Non-GAAP Measures to Their Most Directly Comparable GAAP Measures (Unaudited)

Reconciliation of Free Cash Flow Adjusted to Net Cash Provided by Operating Activities

($ in millions)

Q1 2017

Q1 2016

Net cash provided by operating activities

$

760.7

$

517.4

Less: Changes in operating assets and liabilities (working capital)

(697.5)

(464.0)

Free cash flow from earnings

$

63.2

$

53.4

Less: Maintenance capital expenditures

(24.5)

(13.4)

          Distributions to noncontrolling interests

(12.2)

(15.5)

Free cash flow — adjusted

$

26.5

$

24.5

Net cash used in investing activities

$

(75.0)

$

(85.7)

Net cash used in financing activities

$

(5.1)

$

(53.3)

 

Reconciliation of Free Cash to Cash and Cash Equivalents

($ in millions)

March 31,
 2017

Cash and cash equivalents

$

2,227.6

Client cash

(671.0)

Deferred revenue — event-related

(1,582.9)

Accrued artist fees

(46.7)

Collections on behalf of others

(28.9)

Prepaid expenses — event-related

475.6

   Free cash

$

373.7

 

Forward-Looking Statements, Non-GAAP Financial Measures and Reconciliations:

Certain statements in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding anticipated record revenue, operating income and adjusted operating income in the company’s concerts, sponsorship and advertising, and ticketing businesses in 2017; expectations that increased onsite spending will continue to drive the profitability of the company’s concerts business; and the prospects for long-term growth in the global concerts industry and the company’s prospects for delivering long-term growth.  Live Nation wishes to caution you that there are some known and unknown factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements, including but not limited to operational challenges in achieving strategic objectives and executing on the company’s plans, the risk that the company’s markets do not evolve as anticipated, the potential impact of any economic slowdown and operational challenges associated with selling tickets and staging events.

Live Nation refers you to the documents it files from time to time with the U.S. Securities and Exchange Commission, or SEC, specifically the section titled “Item 1A. Risk Factors” of the company’s most recent Annual Report filed on Form 10-K, and Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in the company’s projections or forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements by or concerning Live Nation are expressly qualified in their entirety by the cautionary statements above. Live Nation does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. A reconciliation of each such measure to its most directly comparable GAAP financial measure, together with an explanation of why management believes that these non-GAAP financial measures provide useful information to investors, is provided herein.

Adjusted Operating Income (Loss), or AOI, is a non-GAAP financial measure that we define as operating income (loss) before acquisition expenses (including transaction costs, changes in the fair value of acquisition-related contingent consideration obligations, and acquisition-related severance and compensation), depreciation and amortization (including goodwill impairment), loss (gain) on disposal of operating assets and certain stock-based compensation expense. We use AOI to evaluate the performance of our operating segments. We believe that information about AOI assists investors by allowing them to evaluate changes in the operating results of our portfolio of businesses separate from non-operational factors that affect net income, thus providing insights into both operations and the other factors that affect reported results. AOI is not calculated or presented in accordance with GAAP. A limitation of the use of AOI as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, AOI should be considered in addition to, and not as a substitute for, operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, AOI as presented herein may not be comparable to similarly titled measures of other companies.

Constant Currency is a non-GAAP financial measure. We calculate currency impacts as the difference between current period activity translated using the current period’s currency exchange rates and the comparable prior period’s currency exchange rates.  We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations.

Free Cash Flow — Adjusted, or FCF, is a non-GAAP financial measure that the company defines as net cash provided by (used in) operating activities less changes in operating assets and liabilities, less maintenance capital expenditures, less distributions to noncontrolling interest partners. The company uses FCF among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than maintenance capital expenditures. The company believes that information about FCF provides investors with an important perspective on the cash available to service debt, make acquisitions, and for revenue generating capital expenditures. FCF is not calculated or presented in accordance with GAAP. A limitation of the use of FCF as a performance measure is that it does not necessarily represent funds available for operations and is not necessarily a measure of the company’s ability to fund its cash needs. Accordingly, FCF should be considered in addition to, and not as a substitute for, net cash provided by (used in) operating activities and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, FCF as presented herein may not be comparable to similarly titled measures of other companies.

Free Cash is a non-GAAP financial measure that the company defines as cash and cash equivalents less ticketing-related client funds, less event-related deferred revenue, less accrued expenses due to artists and cash collected on behalf of others, plus event-related prepaids. The company uses free cash as a proxy for how much cash it has available to, among other things, optionally repay debt balances, make acquisitions and fund revenue generating capital expenditures. Free cash is not calculated or presented in accordance with GAAP. A limitation of the use of free cash as a performance measure is that it does not necessarily represent funds available from operations and it is not necessarily a measure of our ability to fund our cash needs. Accordingly, free cash should be considered in addition to, and not as a substitute for, cash and cash equivalents and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, free cash as presented herein may not be comparable to similarly titled measures of other companies.

 

Reconciliations of Certain Non-GAAP Measures to Their Most Directly Comparable GAAP Measures (Unaudited)

Reconciliation of Adjusted Operating Income (Loss) to Operating Income (Loss)

($ in millions)

Operating income
(loss)

Stock-based compensation expense

Loss (gain) on disposal of operating assets

 

Depreciation and

amortization

Acquisition expenses

Adjusted operating income (loss) reported

Foreign exchange impact

Adjusted operating income (loss) constant currency

Three Months Ended March 31, 2017

Concerts

$

(75.8)

$

2.8

$

(0.7)

$

46.4

$

5.1

$

(22.2)

$

(0.8)

$

(23.0)

Sponsorship & Advertising

26.4

0.3

6.5

33.2

0.6

33.8

Ticketing

54.5

0.9

47.3

0.4

103.1

(0.3)

102.8

Other and Eliminations

0.2

(0.5)

(0.3)

(0.3)

Corporate

(26.7)

3.9

1.0

(21.8)

(21.8)

Total Live Nation

$

(21.4)

$

7.9

$

(0.7)

$

100.7

$

5.5

$

92.0

$

(0.5)

$

91.5

Three Months Ended March 31, 2016

Concerts

$

(66.6)

$

3.1

$

$

43.9

$

2.6

$

(17.0)

$

$

(17.0)

Sponsorship & Advertising

25.3

0.4

4.9

30.6

30.6

Ticketing

35.3

1.0

45.8

82.1

82.1

Other and Eliminations

(1.7)

(0.6)

(2.3)

(2.3)

Corporate

(25.6)

4.5

0.1

0.9

0.1

(20.0)

(20.0)

Total Live Nation

$

(33.3)

$

9.0

$

0.1

$

94.9

$

2.7

$

73.4

$

$

73.4

 

LIVE NATION ENTERTAINMENT, INC.

CONSOLIDATED BALANCE SHEETS

(unaudited)

March 31,
 2017

December 31,
 2016

(in thousands)

ASSETS

Current assets

Cash and cash equivalents

$

2,227,555

$

1,526,591

Accounts receivable, less allowance of $28,492 and $29,634, respectively

584,638

568,936

Prepaid expenses

739,793

528,250

Other current assets

49,463

49,774

Total current assets

3,601,449

2,673,551

Property, plant and equipment

Land, buildings and improvements

858,667

838,545

Computer equipment and capitalized software

543,459

524,571

Furniture and other equipment

275,204

256,765

Construction in progress

124,284

125,430

1,801,614

1,745,311

Less accumulated depreciation

1,019,448

993,775

782,166

751,536

Intangible assets

Definite-lived intangible assets, net

820,727

812,031

Indefinite-lived intangible assets

368,798

368,766

Goodwill

1,724,113

1,747,088

Other long-term assets

526,264

411,294

Total assets

$

7,823,517

$

6,764,266

LIABILITIES AND EQUITY

Current liabilities

Accounts payable, client accounts

$

856,158

$

726,475

Accounts payable

68,263

55,030

Accrued expenses

707,811

781,494

Deferred revenue

1,796,015

804,973

Current portion of long-term debt, net

59,943

53,317

Other current liabilities

51,141

39,055

Total current liabilities

3,539,331

2,460,344

Long-term debt, net

2,258,820

2,259,736

Deferred income taxes

203,206

197,811

Other long-term liabilities

143,277

149,791

Commitments and contingent liabilities

Redeemable noncontrolling interests

338,316

347,068

Stockholders’ equity

Common stock

2,047

2,034

Additional paid-in capital

2,393,242

2,381,011

Accumulated deficit

(1,106,450)

(1,073,457)

Cost of shares held in treasury

(6,865)

(6,865)

Accumulated other comprehensive loss

(165,231)

(176,707)

Total Live Nation stockholders’ equity

1,116,743

1,126,016

Noncontrolling interests

223,824

223,500

Total equity

1,340,567

1,349,516

Total liabilities and equity

$

7,823,517

$

6,764,266

 

LIVE NATION ENTERTAINMENT, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

Three Months Ended
     March 31,

2017

2016

(in thousands except share and per share data)

Revenue

$

1,413,181

$

1,207,716

Operating expenses:

Direct operating expenses

925,500

784,203

Selling, general and administrative expenses

383,308

337,214

Depreciation and amortization

100,595

94,955

Loss (gain) on disposal of operating assets

(659)

25

Corporate expenses

25,803

24,609

Operating loss

(21,366)

(33,290)

Interest expense

26,010

25,432

Interest income

(945)

(556)

Equity in earnings of nonconsolidated affiliates

(2,340)

(592)

Other income, net

(2,842)

(8,547)

Loss before income taxes

(41,249)

(49,027)

Income tax expense

6,521

6,927

Net loss

(47,770)

(55,954)

Net loss attributable to noncontrolling interests

(14,777)

(11,436)

Net loss attributable to common stockholders of Live Nation

$

(32,993)

$

(44,518)

Basic and diluted net loss per common share available to common stockholders of Live Nation

$

(0.22)

$

(0.29)

Weighted average common shares outstanding:

Basic and diluted

203,730,897

201,696,142

Reconciliation to net loss available to common stockholders of Live Nation:

Net loss attributable to common stockholders of Live Nation

$

(32,993)

$

(44,518)

Accretion of redeemable noncontrolling interests

(12,577)

(13,336)

Basic and diluted net loss available to common stockholders of Live Nation

$

(45,570)

$

(57,854)

 

LIVE NATION ENTERTAINMENT, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

Three Months Ended
March 31,

2017

2016

(in thousands)

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss

$

(47,770)

$

(55,954)

Reconciling items:

Depreciation

35,912

33,069

Amortization

64,683

61,886

Deferred income tax expense (benefit)

(1,203)

(1,698)

Amortization of debt issuance costs, discounts and premium, net

3,121

2,591

Non-cash compensation expense

7,936

8,923

Other, net

492

4,621

Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:

Increase in accounts receivable

(6,558)

(16,878)

Increase in prepaid expenses and other assets

(312,483)

(305,294)

Increase in accounts payable, accrued expenses and other liabilities

56,600

79,094

Increase in deferred revenue

959,971

707,038

Net cash provided by operating activities

760,701

517,398

CASH FLOWS FROM INVESTING ACTIVITIES

Investments made in nonconsolidated affiliates

(10,608)

(5,165)

Purchases of property, plant and equipment

(58,881)

(30,681)

Cash paid for acquisitions, net of cash acquired

(4,700)

(43,378)

Other, net

(838)

(6,520)

Net cash used in investing activities

(75,027)

(85,744)

CASH FLOWS FROM FINANCING ACTIVITIES

Payments on long-term debt

(11,775)

(9,764)

Distributions to noncontrolling interests

(12,227)

(15,462)

Proceeds from exercise of stock options

21,628

679

Payments for deferred and contingent consideration

(1,074)

(15,678)

Other, net

(1,618)

(13,064)

Net cash used in financing activities

(5,066)

(53,289)

Effect of exchange rate changes on cash and cash equivalents

20,356

17,791

Net increase in cash and cash equivalents

700,964

396,156

Cash and cash equivalents at beginning of period

1,526,591

1,303,125

Cash and cash equivalents at end of period

$

2,227,555

$

1,699,281

 

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