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Laura Lavayen’s new book El Precio del Odio, a gripping fiction about a woman’s harrowing journey through abuse and bigotry that impacted her life

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Laura-Lavayen

NEW YORK, Feb. 23, 2021 /PRNewswire-HISPANIC PR WIRE/ — The book El Precio del Odio was created by Laura Lavayen. Laura is an author who was born in Bariloche, Argentina. She then moved to Buenos Aires where she lived until she came to the United States where she still lives.

Lavayen said this about his book: “El Precio del Odio is a book that shows a lot about current life—three generations of women whose history makes us think that although women have gained rights such as voting and studying and going out to work on the streets to support their family, even so they must sometimes put up with a husband or a man who is physically stronger that she manages to dominate her in different ways. In this fiction, the grandmother, who had a domineering father who did not allow her to study because she was a woman, forced her daughter to do so but at a school that was very expensive. Far from her neighborhood where she is, she did not want to go because she did not separate from her friends. Her discontent made Angela reveal herself and when her mother bought her a dress to celebrate her sixteenth birthday, Angela left the house. She came back married later and had a month-old baby. One day she disappeared, she didn’t come back for a long time. It was never known what she did the whole time she was away. She had lost her memory and couldn’t say when or how.

This novel deals with many issues of now and others of always—the actual situation, drugs, the freedom to own a gun, attacks on schools. Everything causes a situation that has everyone worried. And we wonder what else awaits us in the future. Will we learn to act like human and civilized beings or will we continue to act like beings without feelings?”

Published by Page Publishing, Laura Lavayen’s new book El Precio del Odio unveils the prevailing prejudice against gender, status, and race that usurps the heart and mind of those affected by such.

Consumers who wish to immerse in a woman’s emotionally driven tale of pain, loss, and a search for personal redemption can purchase El Precio del Odio online at Apple iTunes, Amazon.com, Google Play, or Barnes and Noble.

For additional information or inquiries, you can contact Page Publishing, through the following number: 866-315-2708.

About Page Publishing:

Page Publishing is a traditional full-service publishing house that handles all of the intricacies involved in publishing its authors’ books, including distribution in the world’s largest retail outlets and royalty generation. Page Publishing knows that authors need to be free to create, not bogged down with complicated business issues like eBook conversion, establishing wholesale accounts, insurance, shipping, taxes, and the like. Its roster of authors can leave behind these tedious, complex, and time-consuming issues and focus on their passion: writing and creating. Learn more at www.pagepublishing.com.

Photo – https://mma.prnewswire.com/media/1441300/Laura_Lavayen.jpg

SOURCE Page Publishing

The Home Depot Announces Fourth Quarter and Fiscal 2020 Results; Increases Quarterly Dividend by 10 Percent

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The Home Depot logo.

ATLANTA, Feb. 23, 2021 /PRNewswire-HISPANIC PR WIRE/ — The Home Depot®, the world’s largest home improvement retailer, today reported fourth quarter and fiscal 2020 results.

The Home Depot logo.

Fourth Quarter 2020

Sales for the fourth quarter of fiscal 2020 were $32.3 billion, an increase of $6.5 billion, or 25.1 percent from the fourth quarter of fiscal 2019. Comparable sales for the fourth quarter of fiscal 2020 increased 24.5 percent, and comparable sales in the U.S. increased 25.0 percent.

Net earnings for the fourth quarter of fiscal 2020 were $2.9 billion, or $2.65 per diluted share, compared with net earnings of $2.5 billion, or $2.28 per diluted share, in the same period of fiscal 2019. For the fourth quarter of fiscal 2020, diluted earnings per share increased 16.2 percent from the same period in the prior year. Net earnings for the fourth quarter and the fiscal year were negatively impacted by non-recurring, pre-tax expenses related to the completion of the acquisition of HD Supply Holdings, Inc. on December 24, 2020, which totaled approximately $110 million, or $0.09 per diluted share.

Fiscal 2020

Sales for fiscal 2020 were $132.1 billion, an increase of $21.9 billion, or 19.9 percent, from fiscal 2019. Comparable sales for fiscal 2020 increased 19.7 percent, and comparable sales in the U.S. increased 20.6 percent.

Net earnings for fiscal 2020 were $12.9 billion, or $11.94 per diluted share, compared with net earnings of $11.2 billion, or $10.25 per diluted share in fiscal 2019. For fiscal year 2020, diluted earnings per share increased 16.5 percent versus the prior year.  

“The team demonstrated ongoing flexibility to operate effectively in a very challenging environment and deliver record-breaking sales and earnings. Our ability to grow the business by over $21 billion in fiscal 2020 is a testament to both the investments we have made in the business as well as our associates’ unwavering commitment to our customers,” said Craig Menear, chairman and CEO. “We continue to lean into these investments because we believe they are critical in enabling market share growth in any economic environment. I am proud of the many ways our associates lived our values by serving our customers, communities and each other during these unquestionably challenging times, and I would like to thank them and our supplier partners for their extraordinary efforts.”

Fiscal 2021

Given the uncertainty related to the duration of the COVID-19 pandemic and its influence on the consumer, the Company believes it is limited in its ability to forecast demand for fiscal 2021. As a result, the Company is not providing guidance for fiscal 2021.

“We were pleased with our record financial performance in fiscal 2020. As we look ahead to fiscal 2021, while we are not able to predict how consumer spending will evolve, if the demand environment during the back half of fiscal 2020 were to persist through fiscal 2021, it would imply flat to slightly positive comparable sales growth and operating margin of at least 14 percent,” said Richard McPhail, executive vice president and CFO.  

Dividend Declaration

The Company today announced that its board of directors approved an increase in its quarterly dividend by 10.0 percent to $1.65 per share, which equates to an annual dividend of $6.60.

The dividend is payable on March 25, 2021, to shareholders of record on the close of business on March 11, 2021. This is the 136th consecutive quarter the Company has paid a cash dividend.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.

At the end of the fourth quarter, the Company operated a total of 2,296 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs approximately 500,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

###

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the impact of the COVID-19 pandemic and the related recovery on our business, operations and financial results (which, among other things, may affect many of the items listed below); the demand for our products and services; net sales growth; comparable sales; effects of competition; our brand and reputation; implementation of store, interconnected retail, supply chain and technology initiatives; inventory and in-stock positions; state of the economy; state of the housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; impact of tariffs; issues related to the payment methods we accept; demand for credit offerings; management of relationships with our associates, suppliers and service providers; international trade disputes, natural disasters, public health issues (including pandemics and quarantines, related shut-downs and other governmental orders, and similar restrictions, as well as subsequent re-openings), and other business interruptions that could disrupt supply or delivery of, or demand for, the Company’s products or services; continuation or suspension of share repurchases; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims and litigation, including compliance with related settlements; the effect of accounting charges; the effect of adopting certain accounting standards; the impact of regulatory changes, including changes to tax laws and regulations; store openings and closures; guidance for fiscal 2021 and beyond; financial outlook; and the impact of acquired companies, including HD Supply, on our organization and the ability to recognize the anticipated benefits of those acquisitions. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include, but are not limited to, those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended February 2, 2020 and our Quarterly Report on Form 10-Q for the fiscal quarter ended November 1, 2020.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

THE HOME DEPOT, INC.

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)

Three Months Ended

Fiscal Year Ended

in millions, except per share data

January 31,
2021

February 2,
2020

% Change

January 31,
2021

February 2,
2020

% Change

Net sales

$

32,261

$

25,782

25.1

%

$

132,110

$

110,225

19.9

%

Cost of sales

21,430

17,046

25.7

87,257

72,653

20.1

Gross profit

10,831

8,736

24.0

44,853

37,572

19.4

Operating expenses:

Selling, general and administrative

6,187

4,814

28.5

24,447

19,740

23.8

Depreciation and amortization

561

519

8.1

2,128

1,989

7.0

Total operating expenses

6,748

5,333

26.5

26,575

21,729

22.3

Operating income

4,083

3,403

20.0

18,278

15,843

15.4

Interest and other (income) expense:

Interest and investment income

(10)

(17)

(41.2)

(47)

(73)

(35.6)

Interest expense

337

309

9.1

1,347

1,201

12.2

Interest and other, net

327

292

12.0

1,300

1,128

15.2

Earnings before provision for income taxes

3,756

3,111

20.7

16,978

14,715

15.4

Provision for income taxes

899

630

42.7

4,112

3,473

18.4

Net earnings

$

2,857

$

2,481

15.2

%

$

12,866

$

11,242

14.4

%

Basic weighted average common shares

1,074

1,083

(0.8)

%

1,074

1,093

(1.7)

%

Basic earnings per share

$

2.66

$

2.29

16.2

$

11.98

$

10.29

16.4

Diluted weighted average common shares

1,078

1,088

(0.9)

%

1,078

1,097

(1.7)

%

Diluted earnings per share

$

2.65

$

2.28

16.2

$

11.94

$

10.25

16.5

Three Months Ended

Fiscal Year Ended

Selected Sales Data (1)

January 31,
2021

February 2,
2020

% Change

January 31,
2021

February 2,
2020

% Change

Customer transactions (in millions)

416.8

369.6

12.8

%

1,756.3

1,616.0

8.7

%

Average ticket

$

75.69

$

68.29

10.8

$

74.32

$

67.30

10.4

Sales per retail square foot

$

528.01

$

425.70

24.0

$

543.74

$

454.82

19.6

—————

(1)  Selected Sales Data does not include results for the legacy Interline Brands business, now operating as a part of The Home Depot Pro, or results for HD Supply Holdings, Inc.

 

THE HOME DEPOT, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

in millions

January 31,
2021

February 2,
2020

Assets

Current assets:

Cash and cash equivalents

$

7,895

$

2,133

Receivables, net

2,992

2,106

Merchandise inventories

16,627

14,531

Other current assets

963

1,040

Total current assets

28,477

19,810

Net property and equipment

24,705

22,770

Operating lease right-of-use assets

5,962

5,595

Goodwill

7,126

2,254

Other assets

4,311

807

Total assets

$

70,581

$

51,236

Liabilities and Stockholders’ Equity

Current liabilities:

Short-term debt

$

$

974

Accounts payable

11,606

7,787

Accrued salaries and related expenses

2,463

1,494

Current installments of long-term debt

1,416

1,839

Current operating lease liabilities

828

828

Other current liabilities

6,853

5,453

Total current liabilities

23,166

18,375

Long-term debt, excluding current installments

35,822

28,670

Long-term operating lease liabilities

5,356

5,066

Other liabilities

2,938

2,241

Total liabilities

67,282

54,352

Total stockholders’ equity (deficit)

3,299

(3,116)

Total liabilities and stockholders’ equity

$

70,581

$

51,236

 

THE HOME DEPOT, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Fiscal Year Ended

in millions

January 31,
2021

February 2,
2020

Cash Flows from Operating Activities:

Net earnings

$

12,866

$

11,242

Reconciliation of net earnings to net cash provided by operating activities:

Depreciation and amortization

2,519

2,296

Stock-based compensation expense

310

251

Changes in working capital

3,592

(488)

Changes in deferred income taxes

(569)

202

Other operating activities

121

184

Net cash provided by operating activities

18,839

13,687

Cash Flows from Investing Activities:

Capital expenditures

(2,463)

(2,678)

Payments for business acquired, net

(7,780)

Other investing activities

73

25

Net cash used in investing activities

(10,170)

(2,653)

Cash Flows from Financing Activities:

Repayments of short-term debt, net

(974)

(365)

Proceeds from long-term debt, net of discounts and premiums

7,933

3,420

Repayments of long-term debt

(2,872)

(1,070)

Repurchases of common stock

(791)

(6,965)

Proceeds from sales of common stock

326

280

Cash dividends

(6,451)

(5,958)

Other financing activities

(154)

(140)

Net cash used in financing activities

(2,983)

(10,798)

Change in cash and cash equivalents

5,686

236

Effect of exchange rate changes on cash and cash equivalents

76

119

Cash and cash equivalents at beginning of year

2,133

1,778

Cash and cash equivalents at end of year

$

7,895

$

2,133

—————

Note: Effective February 3, 2020, we reclassified cash flows relating to book overdrafts from financing to operating activities for all periods presented on the Condensed Consolidated Statements of Cash Flows. The amounts of these reclassifications were not material.

Logo – https://mma.prnewswire.com/media/118058/the_home_depot_logo.jpg

SOURCE The Home Depot

Kia Motors America Renews Sponsorship Of B.R.A.K.E.S. Teen Pro-Active Driving School

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Kia Motors America Logo

IRVINE, Calif., Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — Kia Motors America and B.R.A.K.E.S. (Be Responsible and Keep Everyone Safe) today announced a renewal of their partnership and continued commitment to reducing injuries and saving lives by providing teens and their parents with the tools they need to be responsible behind the wheel. Founded in 2008, B.R.A.K.E.S. combines classroom instruction with hands-on-defensive driver training courses in Kia vehicles for both teen drivers and their parents. Along with their teens, parents are asked to participate as a way to reinforce the lessons teens learn during the classes and as a way to identify and correct any bad habits that may have developed through the years since they themselves began driving. 

Kia Motors America Logo

The first B.R.A.K.E.S. classes of the year took place this past weekend, February 20-21, at the zMax Dragway in Charlotte, North Carolina. Pandemic depending, additional classes to be scheduled across the country when appropriate. All CDC guidelines will be strictly adhered to and B.R.A.K.E.S. is implementing routine cleaning and disinfecting of all classrooms, touchpoints and vehicles to ensure the safety of students, parents and instructors. In addition, B.R.A.K.E.S. has reduced class sizes and will adhere to social distancing and mask wearing guidelines. To register for a class or to view the full upcoming schedule, visit www.putonthebrakes.org.

“The number-one cause of death among teens are car crashes. Education and real-word training are two of the most important ways we can facilitate a change and make a difference in that area, but it wouldn’t be possible without Kia’s help and the fleet of training vehicles the company provides,” said Doug Herbert, drag-racing-champion and founder of B.R.A.K.E.S. “It’s impossible to gauge the exact number of lives the B.R.A.K.E.S schools have saved over the last 13 years. In total, we have trained more than 94,000 teens and their parents. But even if we can only say for certain that we saved just one life, it would all be worth it. The ongoing commitment and support from Kia allow us to continue making America’s roads safer for everyone and for that we are grateful.”

Kia serves as the Official Vehicle and a presenting sponsor of B.R.A.K.E.S., and through the automaker’s support, B.R.A.K.E.S. can offer free training for all attendees. Kia’s sponsorship helps by offsetting costs through a financial donation and the fleet of 44 Kia vehicles, including Soul, Rio and Forte models that are supplied by Kia for each training class.

“Kia is committed to vehicle and road safety, and our partnership with B.R.A.K.E.S. is an important way for us to strengthen our efforts to ‘Accelerate The Good’ through tangible action,” said Russell Wager, vice president, marketing, Kia Motors America. “We congratulate B.R.A.K.E.S. for the life-saving work they have made their mission and Kia is proud to continue our collaboration for years to come.”

Each B.R.A.K.E.S. school includes four hours of training, starting with a short, 45-minute classroom presentation followed by nearly three hours behind the wheel using new Kia vehicles as part of the practical demonstrations. The program includes distracted driving awareness, panic braking, drop-wheel/off-road recovery, crash avoidance and car control/skid recovery – all among the biggest causes of crashes for new drivers. Other educational elements often include ‘Big Rig’ safety, first responder vehicle extrication demonstration, and what to do in the event of a traffic stop.

About Kia Motors America

Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the “Official Automotive Partner” of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

About B.R.A.K.E.S.

Doug Herbert’s B.R.A.K.E.S. (Be Responsible and Keep Everyone Safe) is a GuideStar Platinum-rated 501(c)3 non-profit whose mission is to prevent injuries and save lives by training and educating teenage drivers and their parents about the importance of safe and responsible driving. B.R.A.K.E.S. was founded in 2008 after Top Fuel drag racer Doug Herbert lost his two young sons, Jon and James, in a tragic car crash. Today, 30,000 teens from 43 different states and five countries – and their parents – have graduated from the B.R.A.K.E.S.’ intensive half-day training course, which is free of charge and features hands-on skills exercises taught by professional instructors in a fleet of new vehicles donated by Kia Motors America.

Logo – https://mma.prnewswire.com/media/812837/Kia_Motors_America_Logo.jpg

SOURCE Kia Motors America

FIBRA Prologis Advances with its Asset Recycling Strategy

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PLD_FIBRA_LOGO_COLOR_2x

MEXICO CITY, Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced the completion of two asset recycling transactions. In the Mexico City submarket of Toluca, the company acquired three properties totaling 258,912 square feet of industrial space for a total investment of US$18.6 million, including closing and leasing costs.  The properties were acquired from a third-party and are proximate to Toluca International Airport and Prologis Park Toluca I. This acquisition complements the company’s existing portfolio in Toluca, which is fully occupied and has seen strong demand. While currently vacant, these three properties are expected to be leased this year.

Separately, the company sold three buildings in Guadalajara totaling 493,400 square feet for $25.1 million to a leading institutional investor and developer. The properties are located in the El Salto submarket and are currently 69% occupied.  

“Through our asset recycling program, we were able to strengthen our portfolio in Toluca while decreasing our exposure to Guadalajara, which has seen greater supply over the last year,” said Luis Gutierrez, CEO, Prologis Property Mexico. “Our team of real estate professionals did a great job with these transactions; creating value for our certificate holders.”

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of December 31, 2020, FIBRA Prologis was comprised of 205 logistics and manufacturing facilities in six industrial markets in Mexico totaling 40.2 million square feet (3.7 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and  the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

Logo – http://mma.prnewswire.com/media/568236/PLD_FIBRA_LOGO_COLOR_2x.jpg

SOURCE FIBRA Prologis

National Alliance for Hispanic Health Calls on Senate to Advance “Without Delay” Confirmation of Xavier Becerra to be Nation’s 25th Secretary of Health and Human Services

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WASHINGTON, Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — On the eve of Senate Committee hearings on the nomination of Xavier Becerra as Secretary of Health and Human Services, the National Alliance for Hispanic Health (Alliance) submitted letters calling on the Committees to advance Mr. Becerra’s confirmation to the full Senate without delay.”

The Alliance is the nation’s leading Hispanic health advocacy group with a community-based membership of organizations that provide health and human services to over 15 million people each year. In their letter to the Senate Health, Education, Labor, and Pensions (HELP) and Finance Committees, the Alliance cited the critical need that “this position benefit from the experience and leadership of Mr. Becerra.”

In her letter to the Senate HELP and Finance Committees, Jane L. Delgado, PhD, MS, President and CEO of the Alliance stated, “More than ever, the nation needs Mr. Becerra’s experienced, knowledgeable, and skilled leadership at the helm of DHHS. Under his leadership, DHHS will lead the COVID response in a way that recognizes the sacrifices and losses that so many have endured and create a new path forward. His decades of experience with government at all levels and legislative and regulatory processes have prepared him to be the Secretary of the U.S. Department of Health and Human Services that the country and indeed the global community needs.”

According to Dr. Delgado, “We look forward to the Committee’s advancement of the nomination and the Senate’s timely confirmation of Xavier Becerra for this critical Cabinet position.”

About the National Alliance for Hispanic Health (The Alliance)
The Alliance is the nation’s foremost science-based source of information and trusted advocate for the health of Hispanics in the United States with a mission to achieve the best health for all. For more information visit us at www.healthyamericas.org

SOURCE National Alliance for Hispanic Health

Channel Capital Launches Offshore Governance Services Business to Be Headed by Mark Cook

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Mark Cook, Executive Director, Channel Capital Cayman

SYDNEY and GEORGE TOWN, Grand Cayman, Feb. 21, 2021 /PRNewswire-HISPANIC PR WIRE/ — Channel Capital Pty Ltd. (Channel), a leading Australian multi-affiliate investment management company servicing more than A$16 billion in assets, has established Channel Capital Cayman, an offshore governance services business based in the Cayman Islands.

Mark Cook, Executive Director, Channel Capital Cayman

Mark Cook, an experienced director for Cayman Islands and other offshore investment funds will lead the business, which will focus on establishing and operating investment funds domiciled in the United States, Cayman Islands and other offshore financial centres, as well as ensuring ongoing compliance with regulatory obligations including anti-money laundering and tax transparency.

Mark has worked with many globally recognized fund managers and financial institutions since arriving in the Cayman Islands in 2005. After qualifying as a chartered accountant in Australia and spending more than 10 years in public practice there, he obtained fund administration experience with Citco Fund Services in the Cayman Islands and since 2008 has been engaged as an investment fund director.

The Cayman Islands is a world leader in the establishment of offshore funds due to its tax-neutrality, stable economy, sophisticated banking sector, and professional financial service industry. Approximately 70% of non-US domiciled alternative investment funds managed by US SEC-registered advisors are domiciled in the Cayman Islands.  

“We are thrilled to be partnering with Mark in the Cayman Islands” said Glen Holding, Channel’s co-founder and managing director. “We see this as a natural extension of the support and oversight we have traditionally offered to fund managers in Australia, and is consistent with our strategy to build out a global platform capable of supporting investment managers and their clients in all major jurisdictions”.

Executive Director at Channel Capital Cayman, Mark Cook, said: “The Cayman Islands remains by far the most popular jurisdiction for hedge, private equity and infrastructure funds. I’m really looking forward to working with the Channel team and leveraging the platform they have developed. I anticipate opportunities across the spectrum for straight governance services, or to more widely assist with an investment manager’s business needs”.

About Channel Capital

Established in 2013, Channel has 30 employees across Sydney, Brisbane, Melbourne and Grand Cayman, and currently partners with eight investment management firms. Channel provides incubation, distribution, operational and responsible entity services to a select group of investment management firms and their clients across the institutional, family office, high net worth and advisor-led investor space. Channel’s subsidiary entity, CIML, provides responsible entity services to a limited set of funds. https://www.channel.capital

Media Contacts

For Channel Capital:                                      

For Channel Capital Cayman:

Angela Dovitsas                                             

Mark Cook

Channel Capital                                             

Channel Capital Cayman

M: +61 417 277 683                                       

M: +1 345 325 2540

[email protected]      

[email protected]

Photo – https://mma.prnewswire.com/media/1441657/Mark_Cook.jpg

 

SOURCE Channel Capital

Unanimo Deportes Continues To Celebrate Black History Month

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Unanimo Deportes Black History Month Logo

MIAMI, Feb. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — Understanding that multicultural promotions and cause marketing have traditionally focused campaigns on specific groups and established discrete time blocks for activations such as Hispanic Heritage Month and Black History Month, etc., Unanimo Deportes has taken an inclusive approach to celebrating Black History Month this February, including stories that are often not heard, about Afro-Latino athletes and their unique experiences in being black and Latino. “Afro-Latinos are often not  heard and their rich stories are  rarely  told” said Lino García, President and Founder of Unanimo Deportes. “For example, that of Alejandro ‘Alex’ Pompez owner Negro League team – New York Cuban Stars, who recruited 5 members of the Major League Baseball Hall of Fame, while finishing his career after a much more colorful previous life. Most people have never heard of Alex Pompez, but for stars like Orlando Cepeda and Juan Marichal – both hall of fame members – just like Willie Mays, and other non-Latino African Americans,  he represented the difference between reaching the big leagues or not.”  This need for the Afro-Latin experience to be expressed led Unanimo to use its radio network to conduct interviews last summer, with Latino athletes  such as Hall of Famers – Juan Marichal, Tony Pérez, and the sons of the great Roberto Clemente, to have discussions about the unique experience of being a black Latino in the United States, outside their native countries – Cuba, Dominican Republic and Puerto Rico.

“With Black History Month: Herencia,  Unanimo Deportes goes beyond interviews to further tell the stories of these and other black Latino athletes who bring together two cultures and two languages in celebration of a more complete and inclusive Black History Month,” Garcia said. 

While all of this content is on Spanish language Unanimodeportes.com, some is available in English on Unanimosports.com, with plans to continue developing English language content throughout the year.

Content
Audio interviews on select Unanimo Deportes Radio Network programs during BHM (thru 2/28/21)
One-minute audio
 vignettes – with stories of renowned black Latino athletes
BHM Podcasts  highlighting black Latino athletes and their accomplishments
Online editorial features – legendary black Latinos in the black leagues – Martin Dihigo,  Minnie Miñoso (MLB),etc.
Original Online Art Gallery  – showcasing these outstanding athletes

Platforms
Unanimo Deportes Radio Network
Unanimodeportes.com
Unanimosports.com
Unanimo Sports App
Unanimo Deportes Podcast Network
Social media – FB, You Tube, Instagram

Timeline – Through 28 February 2021

Logo – https://mma.prnewswire.com/media/1441377/Unanimo_Deportes_Black_History_Month_Logo.jpg

SOURCE Unanimo Deportes

#1! Kia Top Mass-Market Brand In J.D. Power Vehicle Dependability Study

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#1! Kia top mass-market brand in J.D. Power Vehicle Dependability Study

IRVINE, California, Feb. 19, 2021 /PRNewswire-HISPANIC PR WIRE/ — Kia was ranked number one among mass-market brands today by J.D. Power in the 2021 Vehicle Dependability Study (VDS) with a reported 97 problems per 100 vehicles. The achievement has been strengthened by three of Kia’s most popular-selling models – the Sorento, Sportage, and Optima – each besting their respective segments. 

#1! Kia top mass-market brand in J.D. Power Vehicle Dependability Study

“Earning the top spot among mass market brands in J.D. Power’s Vehicle Dependability Study is another new benchmark achievement for Kia’s meteoric rise in the industry,” said Sean Yoon, president & CEO, Kia Motors North America & Kia Motors America.  “This substantial award bolsters our track record in initial quality and shows that the ‘new car luster’ of our world-class vehicles extends far beyond the first 90 days of ownership. Kia owners continue to enjoy and feel confident in their vehicles as the years go by, especially knowing they’re backed by our industry leading warranty.”

The study measures the number of problems per 100 vehicles (PP100) experienced over the last year by owners of their three-year-old vehicles, meaning this study focused on 2018 model year vehicles. It includes 32 nameplates and 153 models, covering problem symptoms grouped into eight major vehicle categories (Seats, HVAC, Features/Controls/Displays (FCD), Driving Experience, Interior, Engine/Transmission, Exterior, Audio/Communication/Entertainment/Navigation (ACEN).

About Kia Motors America
Headquartered in Irvine, California, Kia Motors America continues to top quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the “Official Automotive Partner” of the NBA and offers a complete range of vehicles sold through a network of more than 750 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and K5 are assembled in the United States from U.S. and globally sourced parts.

1 Tied with Dodge.

Logo – https://mma.prnewswire.com/media/1441344/Kia_Motors_America_Logo.jpg

SOURCE Kia Motors America

UniVista Insurance is ready to help Floridians during the special enrollment period for Obamacare

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MIAMI, Feb. 19, 2021 /PRNewswire-HISPANIC PR WIRE/ — UniVista Insurance is ready to help the community navigate the different health insurance options available through the Healthcare Marketplace in the new special enrollment period for Obamacare from February 15 to May 15, providing a new opportunity for those who did not register at the end of 2020.

In the last year, many families have seen their income shrink to help those families, enrollment is open and available through the provisions of the Affordable Care Act, known as Obamacare.

“It is expected that in this new opportunity that the government is providing, we will have a record number of registrations, since there are still many unemployed who seek health insurance,” said the founder and president of UniVista Insurance, Iván Herrera. “UniVista Insurance has the experience necessary to help our clients understand the options available in the market.”

Once enrolled in the health insurance plan, it will be effective the first day of the month following the enrollment date.

With more than a decade of operations in Florida, UniVista Insurance is an independent, family-owned and operated insurance agency. The company has 160 locations in South Florida, including more than 10 corporate offices, 141 franchises, and three call centers. UniVista employs 1,210 men and women as agents in the region.

About UniVista Insurance

UniVista Insurance is an independent, family-owned and operated insurance agency that has been protecting Florida for more than 10 years. UniVista Insurance has become a trusted leader among Florida insurance companies and agencies by providing quality protection, superior customer service, and the lowest insurance rates in the state. Whether it’s auto, home, commercial, life, health, or annuity products, UniVista educates and guides clients to make the right choice for their insurance needs. Its unprecedented success throughout Florida as a leader within the insurance community has led to its expansion into California and Texas, positioning the company to offer the best insurance coverage on the east and west coasts. In 2020, Insurance Journal ranked UniVista Insurance nationally as one of the top 26 providers of property and casualty insurance. UniVista Insurance has been ranked among the top 2,710 companies on the 2020 Inc. 5000 list of the fastest growing private companies in the country. UniVista was named No. 22 in Growjo’s “100 Fastest Growing Companies in Miami” awards for 2020.

SOURCE UniVista Insurance