BUSINESS LEADERS TO DISCUSS IMPACT OF U.S. HISPANIC-OWNED BUSINESSES ON LOCAL, NATIONAL...

BUSINESS LEADERS TO DISCUSS IMPACT OF U.S. HISPANIC-OWNED BUSINESSES ON LOCAL, NATIONAL AND INTERNATIONAL ECONOMY

The Latin Business Association gathers key members of the private and government sector to discuss Los Angeles as hub of Hispanic-owned businesses and gateway for international businesses to grow


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–(HISPANIC PR WIRE)–

ADVISORY for Tuesday October 15

Who:

Jack Kyser, Chief Economist, Los Angeles County Economic Development Corporation. Known as the guru of LA’s economy Mr. Kyser is the area’s most reliable and most quoted resource for regional business news. He analyzes major industries in the five county LA region, forecasts economic trends, and reports regularly to business leadership groups.

Manuel Bellod, CEO, Terra.com, is responsible for its day-to-day operations and runs the Terra U.S. operations from its headquarters in Miami. Spain-based Terra Lycos (NASDAQ: TRLY), the largest global Internet network, is aiming to dominate the online U.S. Hispanic market. The financial backing of Spanish parent company Telefonica

(NYSE: TEF), which has US$2.4bn in cash, allows Terra U.S. to pursue its goals.

Ronald N. Langston, National Director, Minority Business Development Agency (MBDA) will discuss new initiatives between foreign companies and minority businesses.

Ruth Lopez Williams, Chairman of the Board, Latin Business Association. The LBA represents the single largest pocket of

Latino-owned businesses in the nation. Los Angeles County is home to 500,000 Latino-owned businesses and the fastest growing consumer market – Latinos.

When:

Tuesday, October 15, 2002

11:00 a.m. – noon

Where:

Los Angeles Convention Center – South Hall

1201 S. Figueroa Street

Media

Contact: Mario Flores, 562-908-2664

BUSINESS LEADERS TO DISCUSS IMPACT OF U.S. HISPANIC-OWNED BUSINESSES ON LOCAL, NATIONAL AND INTERNATIONAL ECONOMY