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HISPANIC BUSINESS MAGAZINE NAMES STERLING FINANCIAL THE #1 FASTEST GROWING HISPANIC-OWNED FIRM IN THE UNITED STATES

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BOCA RATON, Fla.–(HISPANIC PR WIRE – BUSINESS WIRE)–August 13, 2002–Sterling Financial Investment Group, the Boca Raton-based international investment banking company that has risen to meteoric success since being founded in the broom closet of another company’s office in 1997 by Panamanian American, Charles Garcia, has been named by Hispanic Business magazine in its annual “Hispanic Business Fastest Growing Top 100” list as the number one fastest growing privately-held Hispanic firm in the United States.

The magazine reported that it was Sterling’s 259.30% annual compounded revenue growth rate since being founded in 1997 that pushed the firm to the top of the list. Moreover, it was the firm’s staggering 16,566.67% revenue growth increase during its five-year period that contributed to the firm’s number one ranking and the national recognition. By comparison, the average annual compound growth rate of the companies in the Top 100 list was 62.6%; Sterling Financials growth is more than four times the average.

Hispanic Business magazine is one of the nation’s foremost Hispanic business magazines, delivering one million readers per month. Syndicated by the New York Times, and available through subscription, newsstands and bookstores around the country, Hispanic Business Magazine is an award-winning publication and the recipient of the prestigious Maggie Award for the “Best Business and Finance Magazine.”

“The recognition confirms that we’re on track with our business approach,” says company founder and Chairman, Charles Garcia, “by focusing on doing one thing, providing exceptional research for the healthcare and bio tech sectors, and doing it better than anyone else we have managed to create an excellent reputation in one of the most competitive industries in the world –financial services, in a relatively short period of time and attract some of the largest and most respected money managers and financial institutions in the world as our clients.” Garcia continues: “By providing a valuable and highly sought after service by some of the biggest and most respected names in the industry we have been able to grow exponentially and that is what has fueled our growth, contributed to our success and has resulted in the recognition of this highly regarded award.”

Sterling Financial has grown to a worldwide organization with 57offices in ten countries and more than 400 employees. The media frequently refers to Sterling Financial as one of the most exciting financial services companies in the nation. Sterling Financial provides financial research on over 60 companies in the bio-tech and healthcare arena to some of the most prestigious money managers on Wall Street. Moreover, Sterling Financial has taken a strident and contrary position to the general investment banking market by being one of the handful of financial services firms in the country to issue “sell” recommendations. In so doing, the firm has however not only captured the attention of Wall Street but also the nation’s business press for its insightful research and the firm’s courage to publish “sell” recommendations in the face of what has been publicly revealed as a pressured environment to do otherwise.

Most recently, Sterling Financial’s creative research techniques were featured in a major story in the August 8th, 2002 edition of the Wall Street Journal, for its innovative data gathering on the companies the firm covers. Sterling Financial was also way out ahead of the pack in it’s “sell” recommendation on the now famous ImClone stock.

“While the rest of Wall Street was enamored with ImClone,” says Steven Kirsch, who leads Institutional Equity Sales at Sterling Financial, “we were very skeptical about management’s enthusiasm for a stock they were selling themselves, and that combined with our fundamental analysis of the company, ultimately led to our “sell” recommendation,” says Kirsch who joined Sterling Financial nearly three years ago and who was formerly a partner of Bear Stearns Corp.

Sterling Financial was also featured in a January 28th, 2002, “Business Week” story about Andrx (ADRX), “Andrx: Is Wall Street Blinded by Love?” Triggered by the Enron debacle, Andrx, a drug maker, similarly received glowing reports from the majority of Wall Street analysts who covered the firm. According to Business Week, “of the 18 analysts who follow the company, a few have qualms about the stock’s valuation. Only Sterling is outright negative and has put a rare “sell” rating on the stock.”

In addition to numerous other business and industry awards the company has earned these past several years, Sterling Financial has been named the fastest growing privately held company in Florida, the fastest growing state in the nation, by the University of Florida Fischer School of Accounting, for two consecutive years–2001, 2000.

To learn more about Sterling Financial Investment Group visit the company’s website: http://www.mysterling.com.

To receive Sterling Financial’s full coverage list, please call Steve Kirsch at (561) 672-4676.

–30–dw/mi*

CONTACT:

Sterling Financial Investment Group, Fort Lauderdale, Fl

Jeff Mustard

954/801-8263

CONSULATE GENERAL OF MEXICO AND BANK OF AMERICA ANNOUNCE NEW SERVICES FOR HISPANICS

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ATLANTA–(HISPANIC PR WIRE)–August 13, 2002–The Consulate General of Mexico and Bank of America today partnered to unveil a new initiative that will directly benefit Atlanta’s large Hispanic population. The bank, which has a lengthy history of supporting the Hispanic community, introduced SafeSend, a first-of-its-kind international ATM remittance service designed to revolutionize the way people send money to their family and friends in Mexico. The bank also announced that it began accepting the Mexican Consulate ID card on a nationwide basis in April.

SafeSend, currently available to consumers nationwide via 1-866-SAFESEND or online at http://www.bankofamerica.com/safesend, is rolling out to 40 participating banking centers in the Atlanta area. With the addition of Atlanta, Bank of America has introduced the SafeSend service to 12 heavily populated Hispanic metros including Dallas/Fort Worth, Phoenix, Los Angeles and others. The bank will roll out the service in one additional market later this summer. After the roll out is complete, the SafeSend service will reach more than 50% of the Mexican population in the U.S.

This unique service is supported by the bank’s largest brand and product advertising campaign targeted exclusively to Hispanic consumers. All collateral materials, from brochures to TV, radio, and print ads were created and developed entirely in Spanish first, then translated into English.

“Bank of America always has been a pioneer in developing innovative ways to serve diverse communities,” said Remedios Gomez Arnau, Consul General of Mexico in Atlanta. This product, combined with the acceptance of the Matricula Consular card demonstrates how committed Bank of America is to the Mexican and Hispanic population in Georgia, Alabama, Tennessee, and Mississippi.”

“SafeSend was created based on direct input from our customers. They wanted an easier-and less expensive-option to send money to their loved ones in Mexico,” said Brad R. Dinsmore, Mid-South Consumer Market Executive, Bank of America. “The development of SafeSend is just one of the ways Bank of America is working in the interest of the Hispanic community. We understand and care about the strong family bonds our customers maintain with loved ones in Mexico – and their need for more convenience and security when sending money across the border.”

With SafeSend, customers can send money by phone or electronically to Mexico 24 hours a day, 7 days a week, without having to leave the comfort of their home. In Mexico, the recipient uses a secure personal identification number (PIN) and a SafeSend ATM card to access the money within minutes at any of 20,000 ATMs.

About Bank of America

Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges. The company’s Web site is http://www.bankofamerica.com. News, speeches and other corporate information may be found at http://www.bankofamerica.com/newsroom.

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CONTACT:

Consulate General of Mexico in Atlanta

Dalia Franco

404.266.2233 x222

or

Allyn & Company

Jennifer Ring

214.924.7132

UNITED WAY REPORT FINDS HIV/AIDS HAS PASSED THE EPIDEMIC STAGE IN CERTAIN AREAS OF NEW YORK CITY; MINORITY WOMEN AND CHILDREN SEVERELY AFFECTED; PRESS CONFERENCE: WEDNESDAY, AUGUST 14 AT 11 A.M.

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NOTE: Event Location Has Changed – See Details Below

–(HISPANIC PR WIRE – US NEWSWIRE)–

Advisory for Wednesday, Aug. 14

WHAT:

United Way of New York City will hold a press conference on Wednesday, August 14, unveiling the results of a city-wide report on HIV/AIDS and its impact on the New York City community.

HIV/AIDS has reached endemic proportions in certain New York City neighborhoods among minority women and children, creating an urgent need for health and human services to address their unique living conditions and improve their quality of life.

In fact, HIV/AIDS is the leading cause of death in women ages 24-34 and the second-leading cause of death for women ages 34-44 in New York City.

WHO:

— Lilliam Barrios-Paoli, senior vice president and chief executive for agency services, United Way of New York City

— Dennis de Leon, executive director, the Latino Commission on AIDS

— Ana Oliveira, executive director, Gay Men’s Health Crisis

— Debra Fraser-Howze, president and CEO, National Black Leadership Commission on AIDS

WHEN:

Wednesday, Aug. 14

11 a.m.

WHERE:

(NOTE NEW LOCATION)

United Way of New York City

2 Park Avenue (between 32nd & 33rd Streets)

2nd floor

Refreshments will be served.

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CONTACT:

United Way of New York City

Jeanette Brown

212-251-2473

HOLT APPOINTED PRESIDENT AND COO OF CRAFT HOMES

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CHARLOTTE, N.C.–(HISPANIC PR WIRE – BUSINESS WIRE)–Aug. 12, 2002–Charlotte-based Craft Builders has announced the appointment of Ray Holt as President and Chief Operating Officer of its homebuilding division.

Announcement of the appointment was made by Craft Chairman Dave Cuthbertson.

Says Cuthbertson, “Two years after the merger with Cherry Homes, our homebuilding division is ready to rise to the next level. Ray brings a new perspective to the company that we feel will support the success of that progression.”

Holt, a Charlotte native, comes to Craft with extensive experience in the homebuilding industry. Just prior to joining the company, he served as president of Colony Homes Charlotte and as a Land Manager with both Colony and Ryland Homes. He is well known in the Charlotte homebuilding market and has served on a number of industry committees.

Craft Homes USA closed 350 homes in 2001 and is expected to close approximately 450 in 2002 with an average selling price of $146,000. The company has 16 actively selling communities in a variety of locations including Mecklenberg, Union and Gaston County, as well as Hickory and Statesville, N.C. and Rock Hill, S. Carolina.

For additional information on Craft Homes visit the company’s website at crafthomesusa.com.

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CONTACT:

Craft Homes USA

Jeanette Kantor

704/238-1229 x107

SIXTY LOS ANGELES-AREA YOUTHS WORKED WITH L.A. GALAXY SOCCER PLAYERS AT HORMEL FOODS “MI SABOR” SOCCER CLINIC AT USC

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NOTE TO MEDIA: Multimedia assets available

LOS ANGELES, CA–(HISPANIC PR WIRE – BUSINESS WIRE)–Aug. 12, 2002–Sixty Los Angeles-area children, ages eight to 13, have won the unique opportunity to hone their soccer skills with L.A. Galaxy Soccer All-Stars Alexi Lalas and Carlos Ruiz. Lalas and Ruiz hosted the Hormel Foods “Mi Sabor” Soccer Clinic, presented by Hormel(R) Meats, Herdez, Coca-Cola, and Cacique(R) today at the University of Southern California’s McAlister Field. The clinic ran from 1 p.m. to 6 p.m. and Lalas and Ruiz participated from 3 p.m. to 6 p.m.

The Hormel Foods “Mi Sabor” Soccer Clinic sweepstakes winners received professional passing, trapping, shooting and scoring instruction first-hand from Lalas, Ruiz and top coaches from the World Youth Soccer Academy — a premier soccer organization staffed with talent from around the world. In addition, winners and their families were treated to a complimentary meal served by Hormel Meats, Herdez, Coca-Cola and Cacique. All spectators had the opportunity to try a variety of food samples provided by all of the program sponsors.

The winning children had entered the sweepstakes — to win a scholarship to the five-hour-long Hormel Foods “Mi Sabor” Soccer Clinic — June 15 through July 20 at a variety of Los Angeles-area grocery stores.

“We are thrilled to be part of such a meaningful and fun event to support this community and its youth,” said Joe Swedberg, vice president of marketing, meat products, Hormel Foods. “The Hormel Foods `Mi Sabor’ Soccer Clinic is very special in that it gives youth `up-close and personal’ training from their favorite soccer heroes. Carlos Ruiz and Alexi Lalas spent the afternoon with these children so that the kids would not only have a great time but truly strengthen their soccer skills as well.”

The Hormel Foods “Mi Sabor” Soccer Clinic was officiated by the World Youth Soccer Academy. Participants received a Hormel Foods “Mi Sabor” Soccer Clinic soccer ball, soccer jersey, and soccer bag tag. Photos of Carlos Ruiz and Alexi Lalas are available upon request.

About Hormel Foods

Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring quality, value-added brands to the global marketplace. In both January 2001 and January 2002, Hormel Foods was named one of “The 400 Best Big Companies in America” by Forbes magazine. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, please visit http://www.hormel.com.

About Herdez

The Herdez family of brands blends the philosophies and traditions of two Mexican clans, Herdandez Del Castillo and Hernandez Pons. In 1914, they built their Mexican cuisine empire on quality and trust. This strong family tradition set the tone for generations to follow — today, more than 5,000 people are employed by Herdez at numerous locations throughout the Mexican Republic. Since 1996, Minnesota-based Hormel Foods Corporation has partnered with Herdez to distribute an array of authentic Herdez, Dona Maria and Bufalo products to consumers in the United States. In fact, Herdez Salsa Casera is the number-one brand of imported salsa consumed in America. For more information, visit http://www.worldfood.com.

About Cacique

Cacique began in 1973 as a small, family owned and operated business, creating authentic Mexican creams, cheeses and chorizos. Today, still family owned and operated, Cacique has grown to a 200,000-square-foot advanced, state-of-the-art facility with more than 500 employees. Cacique is the Market Leader in Hispanic Cheeses Worldwide and the #1 selling brand of Mexican-type cheeses and creams in the world. Further information about Cacique can be found at http://www.caciqueusa.com.

About Coca-Cola

The Coca-Cola Company is the world’s largest beverage company and is the leading producer and marketer of soft drinks. Along with Coca-Cola, recognized as the world’s best-known brand, The Coca-Cola Company markets four of the world’s top five soft drink brands, including diet Coke, Fanta and Sprite. Through the world’s largest distribution system, consumers in nearly 200 countries enjoy The Coca-Cola Company’s products at a rate of more than 1 billion servings each day. For more information about The Coca-Cola Company, please visit our website at http://www.coca-cola.com.

About the World Youth Soccer Academy

The World Youth Soccer Academy (WYSA) is a soccer academy that takes place each summer at Disney’s Wide World of Sports(TM) Complex just outside Orlando, Florida. These camps offer young soccer players between the ages of 8 and 17 the opportunity to receive the very best international soccer instruction in a spectacular environment. The WYSA is affiliated with a number of professional soccer clubs and organizations in North America, South America and Europe. Players and coaches from these clubs are among the WYSA’s staff of highly-qualified instructors. For more information, visit http://www.worldsoccercamps.com.

Note: A Photo is available at URL:

http://www.businesswire.com/cgi-bin/photo.cgi?pw.081202/bb9

–30–MW/la WAM/la

CONTACT:

Hormel Foods

Julie Craven,

507/437-5345

or

Fleishman-Hillard

Rachelle Arcebido,

213/489-8235

DORAL FINANCIAL CORPORATION ANNOUNCES THREE-FOR-TWO STOCK SPLIT AND INCREASE IN QUARTERLY DIVIDEND ON COMMON STOCK

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SAN JUAN, Puerto Rico–(HISPANIC PR WIRE – BUSINESS WIRE)–Aug. 9, 2002–Doral Financial Corporation (NASDAQ;DORL), a diversified financial services company and Puerto Rico’s largest mortgage banker, today announced that the Company’s Board of Directors had declared a three-for-two stock split on the Company’s common stock.

The stock split will be effected in the form of a stock dividend of one additional share of common stock to be issued on September 14, 2002, for every two shares of common stock held of record n August 30, 2002. Fractional shares will be settled in cash on the basis of the average of the high and low sales price of the common stock on August 30, 2002. Prior to the stock split, the Company had 47,943,034 shares of common stock outstanding. Following the distribution of the additional shares, the Company will have approximately 71,914,550 shares of common stock outstanding. Salomon Levis, Chairman of the Board and Chief Executive Officer stated that the stock split would not be dilutive to voting rights or shareholders’ proportionate interest in the Company and would further increase liquidity in the Company’s common stock.

The Board of Directors also voted to declare a cash dividend of $0.165 per common share payable on September 6, 2002, to shareholders of record on August 23, 2002. The dividend represents a 10% increase in the Company’s quarterly dividend and follows a 20% increase in the common stock dividend previously announced on January 21, 2002. The Chairman explained that the additional shares issued as part of the stock split would not be entitled to receive the cash dividend payable on September 6, 2002. He also explained that following the effective date of the stock split, the regular quarterly dividend on the common stock would be adjusted from $0.165 per share to $0.11 per share, to reflect the additional shares issued as part of the stock split. The Chairman stated that the dividend increase reflected the Company’s belief that shareholders should share in the Company’s record earnings.

The Company, a financial holding company, is the largest mortgage lender in Puerto Rico, and the parent company of Doral Bank, Puerto Rico’s fastest growing commercial bank, Doral Securities, a Puerto Rico based investment banking and brokerage firm, Doral Insurance Agency, Inc. and Doral Bank, FSB, a federal savings bank based in New York.

–30–mw/ny*

CONTACT:

Doral Financial Corporation

Richard F. Bonini

212/329-3728

or

Mario S. Levis

787/474-6707

DORAL FINANCIAL ANNOUNCES APPOINTMENT OF SENIOR EXECUTIVES

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SAN JUAN, Puerto Rico–(HISPANIC PR WIRE – BUSINESS WIRE)–Aug. 9, 2002–Salomon Levis, the Chairman of the Board and Chief Executive Officer of Doral Financial Corporation (NASDAQ:DORL), announced today that the Board of Directors of Doral Financial had unanimously voted to appoint Ricardo Melendez and Fernando Rivera Munich as Executive Vice Presidents of the Company.

Mr. Melendez has served as Senior Vice President of Doral Financial since 1995 and Mr. Rivera Munich has served as Senior Vice President of Doral Financial since 1999. The Chairman noted that both executives were being promoted to senior management in recognition of their excellent performance and contribution to the Company.

Doral Financial, a financial holding company, is the largest residential mortgage lender in Puerto Rico, and the parent company of Doral Bank, Puerto Rico’s fastest growing commercial bank, Doral Securities, a Puerto Rico based investment banking and brokerage firm, Doral Insurance Agency, Inc. and Doral Bank, FSB, a federal savings bank based in New York City.

–30–jtp/ny*

CONTACT:

Doral Financial

Richard F. Bonini

212/329-3728

or

Mario S. Levis

787/474-6707

CONSULATE GENERAL OF MEXICO IN ATLANTA, GA TO HOST BANK OF AMERICA INTRODUCING SAFESEND TO ATLANTA

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–(HISPANIC PR WIRE)–

Advisory for Tuesday, August 13, 2002

WHAT:

The Consulate General of Mexico in Atlanta, GA will host Bank of America to launch its new Hispanic advertising campaign and introduce SafeSend, an international ATM remittance service revolutionizing the way people send money to their family and friends in Mexico.

SafeSend will be launching in 40 bilingual Bank of America Banking Centers in Atlanta. Since May, the bank has introduced the SafeSend service to 11 heavily populated Hispanic metros including Dallas/Fort Worth, Phoenix and Los Angeles, reaching close to 50% of the Mexican population in the US.

WHEN:

Tuesday, August 13, 2002

10:30 AM

WHERE:

Consulate General of Mexico in Atlanta, GA

2600 Apple Valley Road

Atlanta, GA 30319

WHO:

Remedios Gomez Arnau, Consul General of Mexico in Atlanta

Brad R. Dinsmore, Mid-South Consumer Marketing Executive, Bank of America

Carla Rizzati, SafeSend National Marketing Director, Bank of America

BACKGROUND:

SafeSend is a first -of- its-kind product that uses ATMs, phones and Web to provide a safe and convenient means for Hispanics to send money home to Mexico. SafeSend is the first service that Bank of America has developed exclusively for Hispanics. With SafeSend, Hispanic consumers can send money by phone or electronically to family and friends in Mexico 24 hours a day, 7 days a week, without having to leave the comfort of their own homes. Bank of America is launching the SafeSend service nationwide with plans to expand the service to other countries in the near future.

Bank of America also is accepting, at a national level, the Mexican Consular ID card. The SafeSend service can be obtained thanks to the recognition that Bank of America gives to the Consular ID’s (Matricula Consular) issued by the 47 Mexican Consulates in the USA. In Atlanta, the Consulate General of Mexico issued last year some 34,554

ID’s. This year it has issued more than 24,219 from January to July. Consular ID’s have gained recognition by a broad number of authorities and institutions.

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CONTACT:

Consulate of Mexico in Atlanta, GA,

Dalia Franco

2600 Apple Valley Rd., Atlanta, GA 730319,

Tel: (404) 266-2233 ext. 222

Fax: (404)266-2302

or

Allyn & Company

Jennifer Ring

Office: (214) 871-7723

Mobile: (214) 924-7132

ADVERTISING FOR AWARD-WINNING FILM SEX AND LUCIA BANNED IN SEATTLE

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NEW YORK & LOS ANGELES–(HISPANIC PR WIRE)–Aug. 9, 2002–Advertising for the award-winning Spanish film, SEX AND LUCIA, was banned today by Seattle’s 2 daily newspapers, the Seattle Times and the Seattle Post Intelligencer. The news is particularly shocking because the film was awarded with four honors at this year’s Seattle Film Festival, of which the Seattle Times is an official Media Partner. Director Julio Medem was lauded as an Emerging Master at the Festival and received the Golden Space Needle Award as Best Director. The public audience also honored the film with awards for Best Director and Best Screenplay.

In the film industry, the banning of advertising is the equivalent of banning of the film itself. Chris Blackwell, Palm Pictures founder and long a champion of artists rights and the promotion of world culture said, “I am surprised and dismayed that a major news organization would prohibit tasteful advertising for a film which has found great acclaim around the world and particularly in Seattle. Renowned critics everywhere have applauded the film and audiences have made it successful in every country and city where it has been released. It is a shame that these 2 newspapers are trying to block ads that will bring this wonderful film to the attention of the diverse readership in Seattle.”

The Seattle Times, owned by the Blethen family, and The Seattle Post Intelligencer operate under a joint operating agreement with the Hearst Corporation. Although their editorial departments are independently run, it has not been determined if the critics who have seen the film will be allowed to publish their reviews of the film. Capsule reviews of the film ran during the Seattle Film Festival. The Seattle Times in fact called the film. “…lovely, lusty…a gorgeously shot twisty circle of a film.” When Julio Medem was in Seattle to be honored as an Emerging Master, he was interviewed by several Seattle journalists; it has also not been determined if either paper will publish any of these interviews or features on the film.

While both newspapers have banned advertising of some films in the past, such as BAISE-MOI, FAT GIRL, and L.I.E., they have allowed it for others, including the sexually explicit and similarly un-rated Y TU MAMA TAMBIEN. The decisions to ban ads for SEX AND LUCIA seem arbitrary.

Neither paper would comment on the decision process used regarding the banning of the ads, other than to say it was due to the content of the film.

The head of the Seattle Film Festival, Darryl McDonald, was also shocked and disappointed by the decision of the 2 papers not to run advertising for the film. “The Festival has a tradition of promoting cinema from around the world, and inviting international filmmakers to attend the Festival, where they have always been welcomed enthusiastically not only by cineastes, but the public audiences of Seattle. It would be a slap in the face to the international artistic community to stifle their ability to promote their projects when they come to Seattle to find a wider audience.”

The film was feted by the Spanish Consulate and Esquire Magazine (like the Seattle Times, a Hearst Corporation outlet) in Seattle, as well as by audiences and media at the Festival. Positive reviews from media outlets around the world have hailed Julio Medem as the next important director to emerge from Spain. SEX AND LUCIA is scheduled to open in Seattle on August 16 at the Landmark Harvard Exit theatre. Palm Pictures is continuing discussions with the 2 newspapers, but both papers are standing by their decisions.

SEX AND LUCIA has been a huge success in its native Spain, has been sold into every other market around the world, and has already played the U.K. France, Israel, Turkey, Portugal and Denmark. In the US, the film opened 3 weeks ago in New York and Los Angeles and is just beginning to roll out across the country; already, it has grossed close to half a million dollars and will surpass the total box office of Medem’s last film, LOVERS OF THE ARCTIC CIRCLE, this week. It has been feted at film festivals around the world, including Sundance, Rotterdam,

Toronto and Hong Kong. Reviews, clips and further information on SEX AND LUCIA can be found at http://www.sexandluciafilm.com.

Palm Pictures, Chris Blackwell’s audio/visual entertainment company, produces, acquires and distributes film, music and animation projects with a particular focus on the DVD format. Palm was founded in early 1998 by Blackwell, an innovator in the entertainment business who founded Island Records and Island Pictures, and who was recently inducted into the Rock and Roll Hall of Fame in 2001.

http://www.palmpictures.com

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QUOTES:

“Medem is one of the few directors who understands sensuality and knows how to make it happen on screen.” –Ken Turan, Los Angeles Times

“Intoxicating” –Elvis Mitchell, New York Times

“Blissful…seething with eroticism and gorgeous visions” –Michale Wilmington, Chicago Tribune

“Brilliant in every respect, ‘Sex and Lucia’ is a rich, rewarding journey. The most wondrous love story in years, it is a great film.” –Tim Merrill, Film Threat

“This surrealistic blend of life and fantasy works well most of the way, giving us insight to the characters’ passions and fears. But beware – the film more than lives up to its title.” –M.K. Terrell, Christian Science Monitor

“The sexiest, most voluptuous film I connected with this year…”–Lisa Schwarzbaum, Entertainment Weekly

“One of the best movies of the year and one of the most erotic movies ever made.” –Jim Svejda, CBS Radio Network

“Paz Vega is a real find” –Owen Gleiberman, Entertainment Weekly

“Visually rich, stylistically bold and erotically charged” –Brent Simon, Entertainment Today

“Medem has once again crafted a complex, ethereal film that’s both delicate and earthy, full of memorable imagery, gutsy performances and unforgettable.” –Rich Cline, Shadows On The Wall

“The sex is exhilarating and Lucia (Paz Vega) ‘a gift to this life.'” –The Wolf, iofilm

“It’s brilliant filmmaking — and it’s certainly Medem’s most ambitious film, and possibly his best.” –FilmFour

“One of the most inventive and erotic films you are likely to see this year…” –Simon Wardell, BBCi Film Reviews

“This is what an NC-17 movie should be…not a juvenile bone in its body, consummately told.” –Ain’t It Cool News

“Stupendously gorgeous” –Maitland McDonough, TV Guide ONLINE

“Medem is a major talent” –Andy Klein, New Times

“Check out Sex for some muy provocative kicks” –Ted Casablanca, eonline

“An overwhelmingly beautiful wave of imagery, music, and words, carrying a sense of eroticism that borders on the religious” –Daniel Schwieger, Venice Magazine

“To say this film is hot may be the cinematic understatement of the year” –E!Online

“Liberating and tantalizing… takes us to areas that we haven’t experienced as audiences in modern cinema before” –Sean Chavel, Real Good Movies.com

REVIEWS:

Roger Ebert, Chicago Sun-Times

Michael O’Sullivan, Washington Post

Ty Burr, Boston Globe

Jonathan Foreman, New York Post

Sabrina Crawford, San Francisco Bay Guardian

Paul Malcolm, LA Weekly

Jackie Potts, CitySearch

Anthony Kaufman, indieWIRE

Kurt Honeycutt, Hollywood Reporter

*T

–30–jar/mi*

CONTACT:

Palm Pictures, Miami

Susan Ainsworth, 305/206-3100

or

Bonnie Voland, 323/802-0112

LOPEZ FOODS TO CELEBRATE 10TH ANNIVERSARY

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Oklahoma City, OK–(HISPANIC PR WIRE)–August 6, 2002–The nation’s largest Hispanic-owned meat manufacturing company is celebrating ten years of growth and success with customers, families, friends and associates, from near and far. The Lopez Foods, Inc. plant in Oklahoma City, will be the site of a gathering of national VIPs from various spheres of influence who the company recognizes as stakeholders in its continued progress.

The day-long celebration will attract senior management from the McDonald’s Corporation and Wal-Mart Stores-two of Lopez Foods’ major customers, McDonald’s restaurant owners and operators from across the country, Lopez Foods suppliers, representatives from the most respected U.S. Hispanic business advocacy organizations, Lopez Foods’ 370 local employees and other guests.

“It would not be a celebration if the people and organizations who contributed to the growth and success of our business over the past ten years did not attend,” said John C. Lopez, Chairman and Chief Executive Officer.

“This event allows us to pause and give thanks to those responsible for the good fortune we have experienced in our business,” explained Lopez. “We are extremely proud of the contributions we are making as a business-and corporate citizen-to our clients, our business partners, our employees and their families, and to the community of Oklahoma City.”

The company has experienced a tremendous rate of growth, especially in recent years. In 2001, Lopez Foods realized a 97 percent growth increase over its previous year’s sales through acquisition and internally generated growth, ranking it 13th among Hispanic Business Magazine’s “Hispanic Business 500.” The nationally distributed magazine lists U.S. Hispanic-owned businesses by annual sales.

Lopez Foods’ 185,000 square foot meat processing facility sits on a 32 acre site in western Oklahoma City. Although the company manufactures products millions of Americans consume on a daily basis, most do not recognize the name. This is due to its trustworthy reputation among its more recognizable clients.

It produces all-beef hamburger patties, pork sausage patties, and Canadian-style bacon for the McDonald’s restaurant chain across the country and into Latin America and supplies a variety of meat products to Wal-Mart Stores, Inc. Lopez Foods’ CARNECO Foods subsidiary produces all-beef hamburger products for Wal-Mart and Sam’s Clubs as well as grocery stores and restaurant chains nationwide.

The company was originally a subsidiary of Wilson Foods, who built a plant in 1971 to manufacture beef patties for McDonald’s. It spun off into Normac Foods in 1989. The Lopez family purchased the company in 1992, and in 1995 changed its name to Lopez Foods, Inc. That marked the dawning of a new era in the company’s relationship with its customers and the Oklahoma City community, culminating in this ten year celebration.

A 19-year veteran of the McDonald’s system, Lopez used his experience to make the company more compatible with McDonald’s operations and management philosophies. Using the same management techniques which made McDonald’s the leader in its field, Lopez Foods has become a top supplier to the world’s restaurant leader and has expanded its product lines and services to its other customers, including the world’s largest retailer: Wal-Mart Stores.

With Lopez at the helm, the company has averaged $184 million in annual sales for the last five years. Its mission is to establish the highest industry standards in food and employee safety, quality production, environmental protection, and customer service. Utilization of a modern, recently expanded facility, along with the newest technologies in food production, analysis, and preventative maintenance programs, ensures it will meet these exacting standards.

“Our goal is to have Lopez Foods prosper, along with our associates and the communities in which we live,” says Lopez. “We are proud of the successes we have enjoyed and look forward to increasing our contributions to the quality of life and continued progress of Oklahoma City.”

Serving with Chairman and CEO John C. Lopez on the Lopez Foods executive team are Charlie Barajas, President and COO, James D. English, Senior Vice President and CFO, Vice President of Operations, J. Richard Garofolo and John W. Schaller, and Assistant Vice President Richard E. Lane.

Lopez and wife Pat are originally from Glendale, Arizona and have three married daughters and two sons. Sons John Patrick and Dave are members of the Lopez Foods management team headquartered in Oklahoma City. Daughters Kathy Thorley, Kristy Berdin and Karen McWilliams are all McDonald’s owner/operators in Texas and Oklahoma.

Lopez Foods employs over 700 people in its corporate headquarters and three plants-in Oklahoma City, Columbus, Nebraska, and Guatemala City, Guatemala.

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CONTACT:

Estrada Communications Group

Raymond M. Estrada

512-335-7776

CONSULATE GENERAL OF MEXICO AND BANK OF AMERICA ANNOUNCE NEW SERVICES FOR HISPANICS

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SAN ANTONIO, TX–(HISPANIC PR WIRE)–August 6, 2002–The Consulate General of Mexico and Bank of America today partnered to unveil several new initiatives that will directly benefit San Antonio’s large Hispanic population. The bank, which has a lengthy history of supporting the Hispanic community, introduced SafeSend, a first-of-its-kind international ATM remittance service designed to revolutionize the way people send money to their family and friends in Mexico. Additionally, the bank announced that it began accepting the Mexican Consulate ID card on a nationwide basis in July.

SafeSend, currently available to consumers nationwide via 1-866-SAFESEND or online at http://www.bankofamerica.com/safesend, is rolling out to 30 participating banking centers in the San Antonio area. This month, Bank of America will introduce the SafeSend service to participating banking centers in an additional three markets across the country, reaching more than 50% of the Mexican population in the U.S.

The first-of-its-kind product is supported by the bank’s largest brand and product advertising campaign targeted exclusively to Hispanic consumers. Created and developed entirely in Spanish, the TV, radio and print ads include the tagline “Creemos en Ti,” which means, “We believe in you.”

“Bank of America always has been a pioneer in developing innovative ways to serve diverse communities,” said Armando Ortiz Rocha, Consul General of Mexico in San Antonio. “SafeSend is the first safe, trustworthy, and convenient ATM-based international remittance service to Mexico. This product, combined with the acceptance of the Matricula card and the unprecedented ad campaign demonstrates how committed Bank of America is to San Antonio’s Hispanic population.”

“SafeSend was created based on direct input from our customers. They wanted an easier-and less expensive-option to send money to their loved ones in Mexico,” said Eusebio Rivera, Bank of America, Senior Vice President, San Antonio Consumer Market Executive. “The development of SafeSend is just one of the ways Bank of America is working in the interest of the Hispanic community. We understand and care about the strong family bonds our customers maintain with loved ones in Mexico – and their need for more convenience and security when sending money across the border.”

With SafeSend, customers can send money by phone or electronically to Mexico 24 hours a day, 7 days a week, without having to leave the comfort of their home. In Mexico, the recipient uses a secure personal identification number (PIN) and a SafeSend ATM card to access the money within minutes at any of 20,000 ATMs.

San Antonio-area consumers who are interested in obtaining additional information or signing up for SafeSend can visit the following kick-off events:

Friday, August 9th

2:00pm-4:00pm

Harlandale BankingCenter

(111 Rayburn Dr., SA, TX 78221)

Friday, August 16th

2:00pm-4:00pm

McCreless Banking Center

(3700 S. New Braunfels, SA, TX 78223)

Friday, August 23rd

2:00pm-4:00pm

Commerce Banking Center

(4875 W. Commerce, SA, TX 78237)

Friday, Sept. 6th

2:00pm-4:00pm

Loop 1604/Bandera Banking Center

(11658 Bandera Rd., SA,TX 78205)

About Bank of America

Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges. The company’s Web site is http://www.bankofamerica.com. News, speeches and other corporate information may be found at http://www.bankofamerica.com/newsroom.

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CONTACT:

Consulate General of Mexico in San Antonio

Marco Antonio Fraire

210.227.1089

or

Bank of America

Will Holford

512.397.2188

TERRA.COM UNITES THE SOUTH FLORIDA HISPANIC COMMUNITY WITH THE SECOND ANNUAL TERRA GOL BEACH SOCCER CHAMPIONSHIP ON SOUTH BEACH

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MIAMI, FL–(HISPANIC PR WIRE)–August 6, 2002–After the dust settled in Japan and Korea, the passion for soccer in the U.S. shifted from all-nighters in front of the TV, to the beach for the second annual Terra Gol Beach Soccer championship. More than 70 teams participated in the Terra Gol amateur soccer tournament On South Beach this weekend.

The winning team Flamilia from Miami won the Miami event with a 5-4 victory, defeating the Petardos team. Flamilia was awarded trophies and $1,000. Teams of all ages were invited to sign up via http://www.terra.com to compete in the event. The tournament was played in two categories, broken down as follows:

MEN———WOMEN

Under 12—-Under 16

Under 14—-Under 19

Under 16

Under 19

Under 23

Open

Terra Gol is a first of its kind national beach amateur soccer tournament hosted by some of the most beautiful beaches in the most diverse cities in the United States:

–Los Angeles’ Long Beach

–New York’s Orchard Beach

–Miami’s South Beach

–Puerto Rico’s Isla Verde.

“Soccer is a passion for Hispanics and in Miami this weekend, we saw of the best soccer we’ve seen so far in this national tournament,” said Fredy Wiles, Sports Director, Terra.com sports marketing manager. “We are excited to be a part of it by offering this beach event for everyone to enjoy. Even people who don’t follow soccer can have a great time at Terra Gol, enjoying Latin music, talent contests, celebrity visits and specialty foods.”

In addition to the non-stop soccer action, spectators, from avid fans to non-soccer-loving beach-goers, enjoyed a fun-filled day with live entertainment, food, interactive games, raffles, dance competitions and the Terra beach model search. The New York event included free live concerts featuring Oro Solido and a special appearance by Pedro Moreno, actor and hearthrob from the Protagonistas de Novela series.

To complete the experience, people are invited to compete in the second Copa Virtual on-line beach soccer tournament. Via the Terra Gol channel on Terra.com, anyone can log on and play the electronic version of Terra Gol.

The interactive Terra Gol channel also contains exclusive photo galleries of the first-ever Terra Gol championship series and Hispanic reality TV show, Protagonistas celebrities, Pedro Moreno, Sophie Cortina and Millie Ruperto. Soccer forums and links to Terra’s news channel can also be found on the site.

About Terra Lycos

Terra Lycos is a global Internet group with a presence in 43 countries in 20 languages, reaching 115 million unique users per month around the world. The group, which is the result of Terra Networks S.A.’s acquisition of Lycos, Inc. in October 2000, operates some of the most popular Web sites in the United States, Canada, Europe, Asia and Latin America, and is the largest access provider in Spain and Latin America.

The Terra Lycos network of sites includes Terra in 17 countries, Lycos in 26 countries, Angelfire.com, Atrea.com, Azeler.es, Bumeran.com, Direcciona.es, Educaterra.com, Emplaza.com, Gamesville.com, HotBot.com, Ifigenia.com, Invertia.com, Lycos Zone, Maptel.com, Matchmaker.com, Quote.com, RagingBull.com, Rumbo.com, Tripod.com, Uno-e.com and Wired News (Wired.com), and others.

With headquarters in Barcelona and operating centers in Madrid, Boston and elsewhere, Terra Lycos is traded on the Madrid stock exchange (TRR) and the Nasdaq electronic market (TRLY). For more information, please visit our corporate Web site at http://www.terralycos.com.

©2002 Lycos, Inc. Lycos® is a registered trademark of Carnegie Mellon University. All other product or service marks mentioned herein are those of Terra Networks, S.A., Lycos, Inc. or their respective owners. All rights reserved.

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CONTACT:

Karina Diehl

Burson-Marsteller

305-347-4375

or

Terra Lycos

Ana Sanchez

305-714-8564

CONSULATE GENERAL OF MEXICO IN SAN ANTONIO, TX TO HOST BANK OF AMERICA INTRODUCING SAFESEND TO SAN ANTONIO

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–(HISPANIC PR WIRE)–

Advisory for Tuesday, August 6, 2002

WHAT:

The Consulate General of Mexico in San Antonio, Texas, will host Bank of America to launch its new Hispanic advertising campaign and introduce SafeSend, an international ATM remittance service revolutionizing the way people send money to their family and friends in Mexico.

SafeSend is being launched in 30 participating San Antonio Bank of America banking centers, and will be followed by introductions in 3 additional markets around the country in early August.

WHEN:

Tuesday, August 6, 2002

10:30AM

WHERE:

Consulate General of Mexico in San Antonio, TX

127 Navarro Street

San Antonio, TX 78205

WHO:

Armando Ortiz Rocha, Consul General of Mexico in San Antonio

Eusebio Rivera, Bank of America, S. V. P., San Antonio Consumer Market Executive

BACKGROUND:

SafeSend is a first of its kind product that uses ATMs, phones and Web to provide a safe and convenient means for Hispanics to send money home to Mexico. SafeSend is the first service that Bank of America has developed exclusively for Hispanics. With SafeSend, Hispanic consumers can send money by phone or electronically to family and friends in Mexico 24 hours a day, 7 days a week, without having to leave the comfort of their own homes. Bank of America is launching the SafeSend service nationwide with plans to expand the service to other countries in the near future.

Bank of America also is accepting, at a national level, the Mexican Consular ID card. The SafeSend service can be obtained thanks to the recognition that Bank of America gives to the Consular ID’s (Matricula Consular) issued by the 47 Mexican Consulates in the USA. In San Antonio, the Consulate General of Mexico issued last year some 8,237 ID’s. This year it has issued more than 5,376 from January to July. Consular ID’s have gained recognition by a broad number of authorities and institutions.

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CONTACT:

Consulate General of Mexico in San Antonio, TX

Marco Antonio Fraire

Tel (210) 227-1089

Fax (210) 227-1817

FIVE FAIRFAX COUNTY TECH COMPANIES MAKE HISPANIC BUSINESS TOP 50 LIST, FCEDA SAYS

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FAIRFAX COUNTY, Va.–(HISPANIC PR WIRE – BUSINESS WIRE)–Aug. 2, 2002– Five Fairfax County-based companies are on the latest Hispanic Business magazine list of the 50 largest Hispanic-owned technology businesses in the United States. Fairfax County has more companies on the list than any other locality in the U.S., thanks to the county’s proximity to Washington, D.C., and also to efforts that support minority-owned companies.

The High-Tech 50 list is in the July/August issue of Hispanic Business. In all, 10 Virginia companies are on the list, making it the state with the highest number of ranked firms. Three companies are from Maryland and one is from Washington, D.C. The rankings are based on 2001 company revenues.

In its June issue, Hispanic Business published a list of the 500 largest Hispanic-owned firms of all types. That list included 10 companies from Fairfax County, including the five from the High Tech 50 list. In all, 20 Virginia companies are on the Hispanic Business 500 list, as are five companies from Maryland and four from Washington, D.C.

“Hispanic-owned companies, like so many others, have recognized Fairfax County’s proximity to the federal government can help them succeed,” said Gerald L. Gordon, president and CEO of the Fairfax County Economic Development Authority (FCEDA). “Fairfax County also has made a commitment to become the premiere home for minority-owned businesses and this is proof that our efforts are working.”

The county is home to seven companies on Black Enterprise magazine’s 2002 list of the 100 largest companies owned by African-Americans. Fairfax County also is home to more than 10,600 Asian and Pacific Islander-owned firms, nearly half the total in Virginia, according to U.S. Census Bureau figures released in 2001.

The FCEDA has a program designed to assist small, minority and woman-owned firms. The FCEDA also created the Emerging Business Forum (http://www.emergingbusinessforum.org) to help minority and female entrepreneurs gain better access to capital sources, partners, customers and mentors. The second Forum is set for October 20-22 at the Fairview Park Marriott in Falls Church, Virginia.

The FCEDA (http://www.FairfaxCountyEDA.org) promotes Fairfax County, minutes from Washington, as a business and technology center. The FCEDA assists businesses by identifying possible sites and facilities, and is a source for up-to-date demographic and economic statistics. The FCEDA maintains marketing offices in London, Frankfurt and Tokyo.

Fairfax County companies on the 2002 Hispanic Business Tech 50 list, and their rankings:

20. Geologics, http://www.geologics.com.

28. BRTRC, Inc. http://www.brtrc.com.

38. Systems Engineering Technologies Corp., http://www.sytechcorp.com.

40. Kemron Environmental Services, Inc., http://www.kemron.com.

49. Tessada & Associates, Inc., http://www.tessada.com.

Fairfax County businesses on the 2002 Hispanic Business 500 list and their rankings:

108. Kfoury Construction Group, http://www.kfoury.com.

142. Geologics, http://www.geologics.com.

155. Priority One Services, Inc., http://www.priorityoneservices.com.

212. BRTRC, Inc. http://www.brtrc.com.

256. Professional & Scientific Associates, Inc., http://www.psava.com.

267. Systems Engineering Technologies Corp., http://www.sytechcorp.com.

270. Kemron Environmental Services, Inc., http://www.kemron.com.

344. Tessada & Associates, Inc., http://www.tessada.com.

415. MAC Aerospace Corp., http://www.macaerospace.com.

493. Interamerica Technologies, Inc., http://www.interamerica.com.

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CONTACT:

Fairfax County Economic Development Authority

Alan Fogg

703/790-0600

571/213-5065 (m)

WAL-MART EXECUTIVES LEND SUPPORT TO NCLR CONVENTION

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Bentonville, AR –(HISPANIC PR WIRE)–August 2, 2002–Two of Wal-Mart Store, Inc.’s top executives showed their support for the National Council of La Raza (NCLR) at the organization’s 20th annual convention this past week in Miami Beach, FL. Executive Vice President of the People Division Coleman Peterson and Vice President of Merchandising Theresa Barrera welcomed NCLR officers and affiliate members to the Wal-Mart corporate booth and Wal-Mart sponsored luncheon event.

As part of their participation at the convention, Wal-Mart hosted representatives from two national non-profit partners, Children’s Miracle Network and Speaking of Women’s Health, two health-focused organizations to share their respective community programs and services with the attendees. These two organizations are two of the many not-for-profit groups who are recipients of Wal-Mart’s charitable contributions.

“It is our commitment to support organizations which provide the greatest benefits to a vast number of people,” said Cole Peterson. “The presence of both Children’s Miracle Network and Speaking of Women’s Health was well received by NCLR affiliates who visited our booth,” he added.

Peterson and Barrera are the highest ranking African American and Hispanic individuals respectively at Wal-Mart. They were joined at the convention by Wal-Mart Board Member Jose Villarreal, who also has the distinction of being the Chairman of the Board of NCLR.

“As a member of both organizations’ Board of Directors this opportunity was twice as gratifying for me,” explained Villarreal. “Coleman and Theresa represent the development that Wal-Mart is making in the area of employment, and especially within the critical policy-making level. This is a great message to convey to NCLR and its affiliate members from across the country.”

Another Wal-Mart guest was Hispanic supplier Lopez Foods, Inc. from Oklahoma City, OK, which provided attendees with samples of Lopez’ food products. The return was special for Lopez, who began his professional career with NCLR during the organization’s formative years in Arizona.

“It is a pleasure and an honor to return to NCLR in the company of such a respected corporate leader like Wal-Mart Stores, Inc.,” stated Lopez, who operates a “state-of-the-art” meat processing plant in Oklahoma City, OK. According to Hispanic Business Magazine, Lopez Foods, Inc. is ranked the second-largest Latino-owned, food manufacturing company in the United States.

According to Wal-Mart, support of-and participation in-the activities of the nation’s top Latino organizations is essential for companies to continue to do the right thing for their customers, suppliers and employees.

Wal-Mart Stores, Inc. operates more than 2,740 discount stores, Supercenters and Neighborhood Markets, and more than 500 SAM’S CLUBS in the United States. Internationally, the company operates more than 1,170 units. Wal-Mart Stores, Inc. is the largest private employer of Hispanics in the US with more than 97,000 Hispanic associates and employs 1.3 million associates worldwide. Last year Wal-Mart and SAM’S CLUB associates raised and contributed more than $194 million to support local communities and non-profit organizations. FORTUNE magazine has named Wal-Mart the third “most admired” company in America and one of the 100 best companies to work for in the United States.

More information about Wal-Mart can be located online at http://www.walmart.com and http://www.walmartstores.com. The SAM’S CLUB Web site can be accessed at http://www.samsclub.com. And more information about Wal-Mart’s Good Works community involvement is available at http://www.walmartfoundation.org.

CONTACT:

José R. Gómez

(479) 277-0608

DOBSON CALLS FOR END TO CALIFORNIA GOVERNMENT’S RELIGIOUS INTOLERANCE; PRO-FAMILY GROUP DENOUNCES ANTI-FAMILY ASSEMBLY BILLS ON DAILY BROADCAST

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COLORADO SPRINGS, Colo.,–(HISPANIC PR WIRE – U.S. Newswire)– Aug. 2, 2002–Today, on his daily radio broadcast, Dr. James Dobson, president of Focus on the Family, denounced the California Legislature’s attempt to impose pro-homosexual legislation on the people of California. Two bills, AB 1080 and AB 2651, could eliminate the work of thousands of Californians who contribute to the state’s welfare and economy through businesses, health care facilities and the foster care system.

Under AB 1080, any business entering into a contract with the state of California would be required to offer domestic-partner benefits equal to those offered to married spouses. California’s already weakened economy could be further undermined if religious hospitals, health care facilities, and business owners are forced to choose between violating their beliefs and getting or keeping a contract with the state.

Another bill, AB 2651, also seeks to implement radical pro-gay policies, this time in the foster care system. All foster parents would be required to attend “sensitivity training” and could even be reported to a statewide hot line if they refuse to affirm the sexual choices of the children in their care. Homosexual couples would be given priority as potential foster parents, while parents with religious convictions could be eliminated from the system — denying many of the 115,000 children currently in the California foster care system the chance to have a loving home with a mother and a father.

Both bills are currently in the Senate Appropriations committee and are expected to pass in the Senate and would go to Gray Davis to be signed in mid to late August.

“Intolerance has reared its ugly head in California once again,” said Tom Minnery, vice president of public policy for Focus on the Family, who joined Dr. Dobson on the broadcast today. “AB 1080 and AB 2651 are just more examples of the state legislature’s clear intention to force its views down the throats of those who hold religious convictions. Putting humanitarian organizations out of business and preventing needy children from a good home is undeniable proof of the great lengths California’s lawmakers will go to in order to promote their own pro-gay agenda.”

Dobson encouraged California listeners to call their senators and Governor Davis’ office to oppose AB 1080 and AB 2651. Capitol Resource Institute, a Sacramento based, pro-family organization associated with Focus on the Focus on the Family, will hold two news conferences, one in Sacramento on Monday, Aug. 5 at the Press Room in the State Capitol at 10 a.m. and another in Garden Grove on Wednesday, Aug. 7 in front of Sen. Joe Dunn’s office at 12397 Lewis St. at 11 a.m. Copies of ads being placed in Hispanic publications and California business journals are available upon request.

More information can be found at: http://www.citizenlink.org or http://www.capitolresource.org.

James C. Dobson, PhD., is a psychologist, author, radio broadcaster and the president of Focus on the Family. Founded in 1977, Focus on the Family is a non-profit Christian ministry committed to strengthening the family in the U.S. and throughout the world.

–30–

CONTACT:

Focus on the Family

Julie Neils or David Gasak, 719-548-4634

READER’S DIGEST FINANCIAL SERVICES ENDORSES SECURE HORIZONS’ MEDICARE SUPPLEMENT HEALTH INSURANCE

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CYPRESS, Calif.,–(HISPANIC PR WIRE – BUSINESS WIRE)–August 1, 2002–PacifiCare Health Systems, Inc. (Nasdaq: PHSY), today announced a new strategic marketing partnership with Reader’s Digest Financial Services, Inc., a wholly-owned subsidiary of The Reader’s Digest Association, Inc., the publisher of Reader’s Digest magazine and global direct marketer of books, magazines and other products.

Under the partnership, Reader’s Digest Financial Services will exclusively endorse to its customer base Secure Horizons’ Medicare Supplement insurance plans. In addition, Reader’s Digest will also provide its extensive direct marketing experience to target future Secure Horizons product opportunities that meet the needs of Reader’s Digest customers. Reader’s Digest and Secure Horizons plan to develop a range of communication vehicles and targeted promotions including a co-branded Web site.

“Secure Horizons is pleased to be recognized by Reader’s Digest as an important resource for its Medicare-eligible customers who want superior options when choosing their health care coverage,” said Howard G. Phanstiel, president and chief executive officer of PacifiCare Health Systems. “With our many years of experience successfully serving seniors through Secure Horizons, we feel our new relationship with Reader’s Digest is a significant step in helping us connect with seniors nationwide. This partnership shows how two leading organizations can come together and take action to help improve the health and well-being of seniors.”

The Medicare Supplement plans by Secure Horizons provide additional health care coverage over original Medicare. Through Secure Horizons’ Medicare Supplement plan, policyholders can visit any doctor or hospital participating in the Medicare program and do not need referrals to see specialists.

As part of the Medicare Supplement plan, policyholders can also receive discounts for prescriptions, over-the-counter medications, vision, hearing and alternative medical treatments such as chiropractic and acupuncture services.

“We are delighted to work with Secure Horizons in creating this partnership, which benefits the mature market segment of our customer base,” said Alan Fishbein, executive vice president of Reader’s Digest Financial Services. “This partnership is a perfect way to offer our customers options in choosing their own health care, one of the most important decisions of their lives.”

About Reader’s Digest

Reader’s Digest Financial Services, Inc., recommends trusted names in the financial services arena who offer services and products of interest to Reader’s Digest customers. Its parent company, The Reader’s Digest Association, currently is in marketing partnerships in more than 30 countries focusing on areas including insurance, lending products, a credit card and asset-gathering products. The Reader’s Digest Association, Inc. (NYSE: RDA, RDB), is a global publisher and direct marketer of products that inform, enrich, entertain and inspire people of all ages and cultures around the world. Revenues were $2.5 billion for the fiscal year ended June 30, 2001. Products include Reader’s Digest magazine, the most widely read magazine in the world, published in 19 languages, 48 editions and more than 60 countries. Global headquarters are located at Pleasantville, New York. For information, visit http://www.rd.com.

About PacifiCare Health Systems

PacifiCare Health Systems is one of the nation’s largest health and consumer services companies with approximately $11 billion in annual revenues. Primary operations include health insurance products for employer groups and Medicare beneficiaries in eight states and Guam serving approximately 3.4 million members. The Medicare Supplement Insurance Plans are offered through PacifiCare Life + Health licensed in 39 states and Washington, D.C., and PacifiCare Life Assurance Company licensed in 14 states and Guam. Other specialty products and operations include pharmacy and medical management, behavioral health services, life and health insurance and dental and vision services. More information on PacifiCare Health Systems can be obtained at http://www.pacificare.com. Reader’s Digest

–30–

CONTACT:

Reader’s Digest

William Adler

Media Relations

(914) 244-7585

or

Richard Clark

Investor Relations

(914) 244-5425

or

PacifiCare:

Tyler Mason

PHS Media Relations

(714) 226-3530

or

Suzanne Shirley

PHS Investor Relations

(714) 226-3470

MISSION ACCOMPLISHED: ‘MESSENGER OF HOPE’ TRANSPORTED POPE JOHN PAUL II FROM TORONTO TO GUATEMALA AND MEXICO

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GUATEMALA CITY–(HISPANIC PR WIRE – BUSINESS WIRE)–August 1, 2002–One of the most special honors GRUPO TACA, leader in commercial aviation in Latin America, has ever received is being chosen for the third time by the Vatican authorities to transport His Holiness John Paul II, this time from Toronto to Guatemala, and from this Central American country to Mexico. To honor this commitment, GRUPO TACA implemented a special, high-quality project that included air accommodations, ground support and logistics. On July 29, GRUPO TACA’s “Shepherd1,” an Airbus-320, departed Toronto at 11:45 a.m. from Lester B. Pearson International Airport, arriving at 2:30 p.m. at the La Aurora International Airport in Guatemala City. On July 30, “Mensajero de Esperanza” departed at 5:09 p.m. to transport the Pope from Guatemala to Mexico City, where it landed at 7:35 p.m. at Benito Juarez International Airport.

With the flight to Mexico, GRUPO TACA has been responsible 11 times for providing transportation for the highest patriarch of the Catholic Church. “GRUPO TACA was deeply honored to transport the Holy Father, his official Committee, and members of the press traveling with him, and to be recognized as a World Class airline,” Corporate Communications Director Claudia Arenas said. “We greatly appreciate that the Vatican entrusted us with the honor of transporting Pope John Paul II as part of a 10-day journey to Canada, Guatemala and Mexico.”

GRUPO TACA’s customers enjoy the benefits of flying in the youngest fleet of aircraft in Latin America. GRUPO TACA’s Airbus A319 and A320 aircraft allow it to transport passengers in comfort and efficiently to 36 destinations in 19 countries in North, Central and South America and the Caribbean. Moreover, GRUPO TACA’s regional airlines serve 60 destinations within the Central American region.

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CONTACT:

GRUPO TACA

Claudia Arenas Bianchi, + 502 331 0375 or + 502 334 7845

Fax: + 502 334 7846

PFIZER HEALTH SOLUTIONS AND THE PFIZER FOUNDATION LAUNCH CULTURALLY RELEVANT PROGRAM TO PROMOTE LATINO DIABETES EDUCATION AND POSITIVE HEALTH BEHAVIOR

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LOS ANGELES,–(HISPANIC PR WIRE)–July 31, 2002–Pfizer Health Solutions and the Pfizer Foundation, in partnership with QueensCare, the American Diabetes Association Western Region, the California Department of Health Services’ Diabetes Control Program and the Diabetes Coalition of California, launched Amigos en Salud at the QueensCare Family Clinic Echo Park location in Los Angeles.

Amigos en Salud, translated as “Friends in Health”, focuses on Latino cultural perceptions central to successful diabetes management. Health promoters, who provide peer-to-peer health education and support, work with newly diagnosed patients in-language and focus on cultural beliefs, behavior change strategies, and the use of health literacy-appropriate materials. Taken in combination, this strategy is expected to increase patients’ desire and ability to achieve health goals and behavior change that has the potential to improve the quality and length of their lives. Patients will receive their own health record card and be encouraged to become more involved in health care decisions.

Ms. Karen Gonzalez became an Amigos en Salud health promoter to “dedicate myself to teach patients, friends, co-workers and family members how to prevent and control diabetes. In this way, I decrease my chance of being another Latina diagnosed with diabetes and I contribute to my community’s own healing and celebration of life rather than watching others face pre – mature death.” Participants don’t always understand that the diagnosis of a potentially life-threatening disease such as diabetes is preventable and can successfully be managed for many years. The program will examine the difference between traditional medical care, case management and the Amigos en Salud strategy that combines teaching about diabetes, behavior change, and self-management within the context of the Latino culture.

Ken Babamoto, Pfizer Health Solutions’ program director, explains that “while California is a leader in the use of health promoters to manage disease, the sheer complexity of diabetes and the barriers to care that patients must overcome requires a multi-pronged strategy to help patients build a toolkit so they gain a deeper understanding of their health and behavior within the context of their own lives. Our partnership with QueensCare allows us to discover new ways of reaching Latinos with diabetes to improve overall health outcomes. We believe this strategy will yield positive results that can be replicated in other communities across the country.”

Caroline Roan, a program officer with the Pfizer Foundation, explains “that this program fits perfectly within the mission of the Pfizer Foundation to promote access to quality health care and fills an educational void in the Latino community. The Pfizer Foundation is pleased to be able to participate in this important project.”

“QueensCare is especially pleased to participate in Amigos en Salud, as the research study validates our on-going commitment to use grassroots outreach and patient education to the uninsured and low income populations we serve. We hope that this study will encourage other health care providers to incorporate this program delivery model, as we all strive to find ways to provide health care with limited financial resources,” said Terry Bonecutter, President and Chief Executive Officer, QueensCare.

Nationally, 13.6% of all Latino Americans over the age of 20 have diabetes and frequently face development of pre-mature complications and death because of a general misunderstanding of the disease and difficulty in embracing the long-term behavior change required to manage the disease.

Created in 1995, Pfizer Health Solutions Inc (PHS) is the clinical informatics subsidiary of Pfizer Inc that merges technology applications with clinical care. PHS develops and implements solutions that help achieve improvements in the quality of health care delivery and in the operating efficiency of large physician groups, health plans, hospitals, integrated delivery systems, and community organizations.

The Pfizer Foundation is an independent charitable foundation established by Pfizer Inc in 1953. The Foundation’s mission is to promote access to quality health care and education, to nurture innovation and to support the community involvement of Pfizer people.

QueensCare is a public charity providing health care to low income and uninsured working individuals and families residing primarily in Central Los Angeles. The organization operates a large grassroots outreach effort through the QueensCare Health & Faith Partnership which serves over 60 schools and churches, and manages five QueensCare Family Clinics. Through these two efforts, QueensCare provided over 200,000 patient visits last year alone. In addition, QueensCare collaborates with other funders, providers and governmental agencies to develop and provide critical health programs such as its mobile dental clinic and vision care for Los Angeles Unified School District school children.

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CONTACT:

Dora O. Tovar

(646) 621-3739

TERRA.COM UNITES THE NEW YORK HISPANIC COMMUNITY WITH THE SECOND ANNUAL TERRA GOL BEACH SOCCER CHAMPIONSHIP IN ORCHARD BEACH

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MIAMI, FL–(HISPANIC PR WIRE)–July 31, 2002–After the dust settled in Japan and Korea, the passion for soccer in the U.S. shifted from all-nighters in front of the TV, to the beach for the second annual Terra Gol Beach Soccer championship. Over 80 teams made up from the five boroughs participated in the Terra Gol amateur soccer tournament in Orchard Beach.

The winning team Combo de las Estrellas from Queens won the New York event with a 4-0 victory. They defeated the Bajo el Puente team. Combo de las Estrellas was awarded trophies and $1,000. Teams of all ages were invited to sign up via http://www.terra.com to compete in the event. The tournament was played in two categories, broken down as follows:

MEN WOMEN

Under 12 Under 16

Under 14 Under 19

Under 16

Under 19

Under 23

Open

Terra Gol is a first of its kind national beach amateur soccer tournament hosted by some of the most beautiful beaches in the most diverse cities in the United States:

— Los Angeles’ Long Beach

— New York’s Orchard Beach

— Miami’s South Beach

— Puerto Rico’s Isla Verde.

“Soccer is a passion for Hispanics,” said Victor Coto, Terra.com sports marketing manager. “We are excited to be a part of it by offering this beach event for everyone to enjoy. Even people who don’t follow soccer can have a great time at Terra Gol, enjoying Latin music, talent contests, celebrity visits and specialty foods.”

In addition to the non-stop soccer action, spectators, from avid fans to non-soccer-loving beach-goers, enjoyed a fun-filled day with live entertainment, food, interactive games, raffles, dance competitions and the Terra beach model search. The New York event included free live concerts featuring Brenda K. Starr and a special appearance by Pedro Moreno, actor and hearthrob from the Protagonistas de Novela series.

To complete the experience, people are invited to compete in the second Copa Virtual on-line beach soccer tournament. Via the Terra Gol channel on Terra.com, anyone can log on and play the electronic version of Terra Gol.

The interactive Terra Gol channel also contains exclusive photo galleries of the first-ever Terra Gol championship series and Hispanic reality TV show, Protagonistas celebrities, Pedro Moreno, Sophie Cortina and Millie Ruperto. Soccer forums and links to Terra’s news channel can also be found on the site.

About Terra Lycos

Terra Lycos is a global Internet group with a presence in 43 countries in 20 languages, reaching 115 million unique users per month around the world. The group, which is the result of Terra Networks S.A.’s acquisition of Lycos, Inc. in October 2000, operates some of the most popular Web sites in the United States, Canada, Europe, Asia and Latin America, and is the largest access provider in Spain and Latin America.

The Terra Lycos network of sites includes Terra in 17 countries, Lycos in 26 countries, Angelfire.com, Atrea.com, Azeler.es, Bumeran.com, Direcciona.es, Educaterra.com, Emplaza.com, Gamesville.com, HotBot.com, Ifigenia.com, Invertia.com, Lycos Zone, Maptel.com, Matchmaker.com, Quote.com, RagingBull.com, Rumbo.com, Tripod.com, Uno-e.com and Wired News (Wired.com), and others.

With headquarters in Barcelona and operating centers in Madrid, Boston and elsewhere, Terra Lycos is traded on the Madrid stock exchange (TRR) and the Nasdaq electronic market (TRLY). For more information, please visit our corporate Web site at http://www.terralycos.com.

©2002 Lycos, Inc. Lycos® is a registered trademark of Carnegie Mellon University. All other product or service marks mentioned herein are those of Terra Networks, S.A., Lycos, Inc. or their respective owners. All rights reserved.

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CONTACT:

Burson-Marsteller

Karina Diehl

305-347-4375

or

Terra Lycos

Ana Sanchez

305-714-8564

POPE JOHN PAUL II CONCLUDES TOUR OF AMERICAS IN MEXICO CITY ONBOARD THE ‘MESSENGER OF HOPE’

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MEXICO CITY–(HISPANIC PR WIRE – BUSINESS WIRE)–July 31, 2002–Pope John Paul II landed amidst the cheers of faithful followers in Mexico City at 7:35 p.m. (local time) aboard a flight provided by GRUPO TACA at Benito Juarez International Airport.

While in Mexico City, John Paul will celebrate Mass on Wednesday to canonize Juan Diego, the Catholic church’s first Indian saint, at the Basilica of the Our Lady of Guadalupe. On Thursday, he is scheduled to perform a private Mass at the nunciature. The Pope will then return to the Basilica to celebrate Mass to beatify Juan Bautista and Jacinto de los Angeles, Indians martyred in 1700 in southern Oaxaca state. He is scheduled to depart late in the day on Thursday and to arrive at the Vatican City on Friday, Aug. 2.

Special air accommodations for the Pope and his committee during his visit to Guatemala and Mexico City have been provided by the “Messenger of Hope,” an Airbus-320 provided by GRUPO TACA, leader in commercial aviation in Latin America. The trip marks the third time that the airline has been responsible for providing transportation for the Pope, the ecclesiastical committee and members of the press corps.

Please access GRUPO TACA’s News Service at http://news.taca.com for additional information and/or photographs regarding Pope John Paul II’s visit to the Americas and the service the airline is providing to His Holiness, the ecclesiastical committee and the members of the press corps that are traveling with him.

GRUPO TACA’s customers enjoy the benefits of flying in the youngest fleet of aircraft in Latin America. GRUPO TACA’s Airbus A319 and A320 aircraft allow it to transport passengers in comfort and efficiently to 36 destinations in 19 countries in North, Central and South America and the Caribbean. Moreover, GRUPO TACA’s regional airlines serve 60 destinations within the Central American region.

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CONTACT:

GRUPO TACA

Claudia Arenas Bianchi, +502-331-0375 or +502-334-7845

POPE JOHN PAUL II AND ‘MESSENGER OF HOPE’ DEPART FOR MEXICO CITY

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GUATEMALA CITY–(HISPANIC PR WIRE – BUSINESS WIRE)–July 31, 2002–Pope John Paul II left La Aurora International Airport via GRUPO TACA Airlines today, July 30 at 5:09 p.m. enroute to Mexico City. He celebrated Mass earlier in the day to canonize Pedro de San Jose de Betancurt in Guatemala City.

Air transportation during the Pope’s visit to Guatemala and Mexico City are being provided aboard the “Messenger of Hope,” an Airbus-320 provided by GRUPO TACA, leader in commercial aviation in Latin America. This is the third time that GRUPO TACA has been responsible for providing transportation for the highest patriarch of the Catholic Church, the ecclesiastical committee and members of the press that normally travel with His Holiness.

Please access GRUPO TACA’s News Service at http://news.taca.com for additional information and/or photographs regarding Pope John Paul II’s visit to the Americas and the service the airline is providing to His Holiness, the ecclesiastical committee and the members of the press corps that are traveling with him.

GRUPO TACA’s customers enjoy the benefits of flying in the youngest fleet of aircraft in Latin America. GRUPO TACA’s Airbus A319 and A320 aircraft allow it to transport passengers in comfort and efficiently to 36 destinations in 19 countries in North, Central and South America and the Caribbean. Moreover, GRUPO TACA’s regional airlines serve 60 destinations within the Central American region.

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CONTACT:

GRUPO TACA

Claudia Arenas Bianchi, +502-331-0375 or +502-334-7845

HISPANIC BROADCASTING CORPORATION ANNOUNCES SECOND QUARTER 2002 CONFERENCE CALL

0

DALLAS–(HISPANIC PR WIRE – BUSINESS WIRE)–July 31, 2002–Hispanic Broadcasting Corporation (NYSE:HSP) will release the Company’s financial results for the second quarter 2002, prior to the market open on Tuesday, August 6, 2002.

The Company will host a conference call on Tuesday, August 6, 2002 at 10:00 a.m. Eastern Daylight Time. Interested parties may listen to the conference call by dialing 877/477-3421 five minutes prior to the scheduled time of the call and ask for the “Hispanic Broadcasting Second Quarter Results Conference Call.” The conference call will be digitally recorded and made available for replay two hours after the completion of the conference call through Tuesday, August 13, 2002. Domestic parties may listen to the recording by dialing 800/642-1687 then entering the conference ID 5014126; international parties may listen by dialing 706/645-9291 then entering the same conference ID. The call will also be made available live by visiting the Hispanic Broadcasting Corporation website at the appointed time and logging onto http://www.HispanicBroadcasting.com.

Hispanic Broadcasting Corporation, the largest Spanish-language radio broadcaster in the United States, currently owns and operates 55 radio stations in fourteen of the top twenty Hispanic markets. The Company also owns and operates a network of Hispanic community-focused bilingual web sites found at http://www.netmio.com.

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CONTACT:

Hispanic Broadcasting Corporation

Jeffrey T. Hinson, 214/525-7700

CITIBANK INTRODUCES THE CITIBANK MONEY CARD — A NEW AND AFFORDABLE WAY TO SEND MONEY TO MEXICO

0

New York,–(HISPANIC PR WIRE – BUSINESS WIRE)–July 30, 2002–Citibank announced today the introduction of the Citibank Money Card Account, designed to provide a convenient and affordable way to remit money from the U.S. to Mexico. The Money Card is linked to a distinct U.S. Citibank bank account featuring an ATM card for the recipient in Mexico. The Citibank Money Card, currently in a pilot stage, is available through 26 Citibank Financial Centers in New York, Chicago and Los Angeles.

Account fees for the Citibank Money Card Account are competitive compared to other means of sending money to Mexico. They include a $5.00 monthly maintenance fee and a $7.95 fee for each withdrawal of funds transaction in Mexico. These fees are assessed to the U.S. account and are not deducted from the recipient’s cash withdrawal. Citibank Money Card Account holders in the U.S. may deposit or transfer funds into their U.S. account and the Money Card holder in Mexico may withdraw the funds at any of the approximately 20,000 ATMs in the country, including over 4,400 Banamex ATMs. Both Citibank and Banamex are member companies of Citigroup.

“We believe the Citibank Money Card Account is a convenient and direct way to make funds available to people in Mexico. The sender can quickly deposit funds into the account without going through an agent,” said Marge Magner, Chief Operating Officer for Citigroup’s Consumer Group. “Providing recipients with their own personalized cards enables them to access funds at their convenience from virtually any ATM in Mexico, as they need it. It’s a solution our customers have been asking for,” Ms. Magner added.

When a Money Card Account is opened in the U.S., it becomes a separate account distinct from any of the other customer’s accounts. For this account, the account holder will provide authorization to have a personalized ATM card delivered to a designated recipient in Mexico. The recipient will receive the Citibank Money Card and a Personal Identification Number (PIN), so he or she can access the funds via ATMs in Mexico. This allows the account holder to make specific amounts of funds available to the recipient. Recipients are not required to have a bank account in Mexico to withdraw money at ATMs with the Citibank Money Card. Information about the Citibank Money Card Account is available by calling 1-800-967-4984.

According to the Inter-American Development Bank, over $9.3 billion was sent to Mexico by Mexicans and Mexican-Americans in the U.S. in 2001. Citibank and Banamex are committed to increasing their involvement in this remittance area by offering convenient and affordable solutions such as the Citibank Money Card.

Banamex, founded in 1884, is the leading bank in Mexico with over 1,400 branches. Citibank, which has had a presence in Mexico since 1929, combined its operations in Mexico with Banamex in 2001, and the company operates in the country under the Banamex name. With Citibank operations in the U.S. and the Banamex network in Mexico, Citigroup is uniquely positioned to provide financial services on both sides of the border.

Citibank announced in March of this year that it would accept the Mexican Consular ID, known as the Matricula Consular, as a form of primary identification for people of Mexican descent opening Citibank accounts. In addition, the bank has recently offered discounted fees for wire transfers from Citibank to Banamex, along with other promotions aimed at the Hispanic market. With the pending acquisition of California Federal Bank in California and Nevada, Citibank aims to extend its reach more significantly in Hispanic communities in those states. A large proportion of Cal Fed’s branches in California are located in areas with large Hispanic and Mexican-American communities.

Citibank also conducts financial education seminars in Spanish at many of its U.S. Financial Centers. Spanish language customer service is available at Citibank by phone and at all U.S. Citibank Financial Centers either through in-branch bank personnel or translation service providers. All Citibank ATMs in the U.S. feature full transactional capabilities in Spanish, in addition to other languages.Citibank is a member of Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries which provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Salomon Smith Barney, Banamex, and Travelers. Additional information may be found at: http://www.citigroup.com.

The Citibank Money Card is available at these Financial Centers:

-New York-

Broadway/96th

2560 Broadway

New York, NY 10025

(212) 663-7827

90 Park Avenue /Mex. Con.

90 Park Avenue

New York, NY 10016

(212) 682-2726

Yorkville

123 East 86th Street

New York, NY 10028

(212) 348-3477

Washington Heights

4249 Broadway

New York, NY 10033

(212) 781-5440

34th Street

201 West 34th Street

New York, NY 10001

(212) 290-7720

116th and 1st

2261 1st Avenue

New York, NY 10035

(212) 423-2131

Stapleton

577 Bay Street

Staten Island, NY 10304

(718) 876-0166

Jackson Heights

80-19 Roosevelt Avenue

Jackson Heights, NY 11372

(718) 458-4884

74th Street Jackson Hgts

37-57 74th Street

Jackson Heights, NY 11372

(718) 397-3913

Fordham

2481 Creston Avenue

Bronx, NY 10468

(718) 295-4630

-Illinois-

Back of the Yards

1751 W. 47th Street

Chicago, IL 60609

(773) 927-3898

Two Illinois

233 N. Michigan Avenue

Chicago, IL 60601

(312) 729-7300

Chicago Lawn

6222 S. Kedzie Avenue

Chicago, IL 60629

(773) 737-9601

Little Village

4010 W. 26th Street

Chicago, IL 60623

(773) 521-7757

Portage Park

3535 N. Central Avenue

Chicago, IL 60634

(773) 282-1702

Bridgeport

3430 S. Halsted Street

Chicago, IL 60608

(773) 523-2802

-California-

Tujunga

10460 Mt. Gleason Avenue

Tujunga, CA 91042

(818) 353-8502

Huntington Beach

7552 Edinger Avenue

Huntington Beach, CA 92647

(714) 848-2069

Arleta

9100 Woodman Avenue

Arleta, CA 91331

(818) 894-6480

Van Nuys

6750 Van Nuys Blvd

Van Nuys, CA 91405

(818) 997-3600

North Hollywood

5077 Lankershim Blvd

North Hollywood, CA 91601

(818) 769-4308

LA Main

787 W. 5th Street, Suite 110

Los Angeles, CA 90071

(213) 627-8274

Long Beach

1 World Trade Center, Suite 100

Long Beach, CA 90831

(562) 628-0362

Downey

8764 E. Firestone Blvd

Downey, CA 90241

(562) 862-1642

Woodland Hills

6203 Topanga Canyon Blvd

Woodland Hills, CA 91367

(818) 999-1056

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CONTACT:

Citibank

Mark Rodgers

212/559-1719

Dell Enhances Partnerships With School Districts, UNCF; Dell’s Paul McKinnon Named to National Urban League Board to Help Guide Technology Initiatives

0

LOS ANGELES–(HISPANIC PR WIRE – BUSINESS WIRE)–July 30, 2002–Dell today announced 12 school districts have been selected to participate in Dell TechKnow, a national program that uses technology training and the promise of a student-built computer to keep “at risk” middle school students in school and focused on their grades.

A committee of educators, Dell executives and community leaders selected the 12 districts, which includes founding school district Denver Public Schools. Districts selected met key program criteria including an urban population of students who are at risk of missing classes and not graduating and the willingness to establish district and local community partnerships to support the training program. District cities to launch Dell TechKnow this fall include Austin, Texas; Alameda, Calif.; Chicago; Detroit, Mich; Kansas City, MO; Nashville, Tenn.; Philadelphia; and Prince George’s County, Md. Programs launching during the spring semester include Trenton, N.J; Laredo, Texas, and Norfolk, Va. Dell made the announcement today at the National Urban League conference.

“More than 1,000 middle school students have graduated from the Denver program since 1999, and 70 percent of those at risk students maintained at least a `C’ average one-year after completing Dell TechKnow,” said Thurmond Woodard, vice president, Dell Global Diversity. “Denver students not only learned about technology and earned a home computer, but became more interested in their own education. We are seeing real impact in Denver and can’t wait to see the results from other programs.”

Also announced at the conference was the launch of the Dell Scholars program, a partnership with the United Negro College Fund (UNCF) that offers hands-on training through internship and employment opportunities and financial assistance through academic scholarships and stipends for African American, Asian/Pacific Islander, Hispanic and Native American juniors and seniors attending UNCF, historically Black and Hispanic colleges and universities and majority institutions. The program is designed to introduce students to careers in technology and prepare them to potentially become a part of the Dell team upon graduation. This program further enhances Dell’s partnership with UNCF, which includes support of UNCF’s Technology Enhancement Capital Campaign.

In addition, Paul McKinnon, senior vice president, Dell Human Resources, was named this week to the National Urban League (NUL) board of directors. As a board member from the technology industry, McKinnon will advise NUL on technology training and access strategies and initiatives to help ensure children and adults gain the skills they need to take advantage of the diverse opportunities available to them.

“At Dell, we have to train and retrain our employees as quickly as we retool our products, and cost-efficient and convenient computer-based training via the Internet helps us do this,” McKinnon said. “With more than 50 percent of our employee training and development online, we look forward to sharing our experience with the League and its affiliates, learning from their successful programs, and exploring ways to integrate our efforts to effectively prepare our communities for success in today’s digital economy.”

About Dell TechKnow

Dell TechKnow teaches middle school students about computers by allowing them to take apart and reassemble computers, load software, set up and run printers, upgrade hardware, diagnose and correct basic hardware problems and use the Internet. Upon completion of the 40-hour curriculum, students take home the computer they build. To support the program, Dell is donating up to 4,000 computer systems to qualified school districts nationwide. The company is initiating the program in 12 school districts during the 2002-2003 school year, providing enough computers for at least 15 classes per district during that same time period. Additionally, Dell developed and is donating the program curriculum and blueprint and has dedicated a program manager to help school districts with implementation.

Dell TechKnow is based on Denver’s successful program (originally known as Learn and Earn) to keep youth in school and focused on their grades. Based on the success of and its experience with the Denver program, Dell is partnering with school districts to make Dell TechKnow (launched in July 2001 as Dell Learn and Earn at the National Urban League conference) available to middle school students across the country. Information on Dell TechKnow can be found at http://www.dell.com/k12/techknow.

About Dell/UNCF Partnership

TECC: In September 2001, Dell announced its $2.3 million contribution to UNCF’s Technology Enhancement Capital Campaign (TECC) to give students and faculty access to the latest technology at affordable prices and to improve UNCF’s administrative and instructional systems. The award included a $1.3 million financial and computer systems contribution, and a notebook computer discount purchase program-Academic Techvantage(TM)-valued at an additional $1 million to give UNCF students access to affordable notebook computers. Today, Dell Scholars can also purchase systems through Academic Techvantage(TM) and own affordable, high-performance Dell notebooks.

Scholars Program: Rising minority juniors and seniors enrolled in UNCF schools, HBCUs and majority institutions, earning at least a 3.0 GPA, can participate in the program. Each student receives up to $10,000 in scholarship money, a paid summer internship, housing and travel. Over the next four years, Dell will host at least 45 students, preparing each for potential careers at Dell. Students are selected for the program on a competitive basis – more than 300 applied for this summer’s program.

About National Urban League

The Urban League is the nation’s oldest and largest community-based movement devoted to empowering African Americans to enter the economic and social mainstream. Hugh Price is president of the National Urban League, which is headquartered in New York City and is the spearhead of the nonprofit, nonpartisan movement. Urban League affiliates operate in more than 100 cities in 34 states and the District of Columbia.

About Dell

Dell Computer Corporation (Nasdaq:DELL) is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. The company’s revenue for the past four quarters totaled $31.2 billion. Dell, through its direct business model, designs, manufactures and customizes products and services to customer requirements, and offers an extensive selection of software and peripherals. Information on Dell and its products can be obtained at www.dell.com.

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CONTACT:

Dell

Jennifer Jones, 512/723-3091

or

Dean Kline, 512/728-8626