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Spanish Broadcasting System, Inc. Announces Completion Of Recapitalization

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Spanish Broadcasting System Inc. logo.

MIAMI, Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (the “Company”, “we”, “us”, or “SBS”) announced today the completion of its recapitalization and the closing of its previously announced offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the “Notes”).

Spanish Broadcasting System Inc. logo.

The Company used the net proceeds of this offering along with cash on hand (i) to repay its 12.5% senior secured notes due 2017, (ii) along with certain other consideration, to repurchase and/or redeem all of its outstanding 10 3/4% Series B cumulative exchangeable redeemable preferred stock (the “Series B Preferred Stock”) and (iii) to pay related fees and expenses. 

In connection with the closing and the completion of its recapitalization, the Company formally settled certain litigation relating to the Series B Preferred Stock that was pending in the Delaware Court of Chancery.

SBS is pleased to have executed on this recapitalization,” stated Raúl Alarcón, Chairman and Chief Executive Officer of SBS.

Looking forward, we are uniquely positioned to continue the successful expansion of our Latino entertainment platform and the industry-leading operating margins, ratings performance and aggregate audience growth of our audio, video, digital and experiential business units. Our commitment to the Hispanic market remains, as it has for nearly four decades, unwavering. We will continue serving Hispanics nationwide – as well as the advertisers that target their dynamic purchasing power and growing social, cultural and political influence,” added Alarcón.

The Notes and the related guarantees were offered in the United States to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

Advisors

Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to the Company.

RBC Capital Markets, LLC (“RBC”) acted as financial advisor to the Company. RBC was represented by Latham & Watkins LLP.

Important Information

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release does not constitute a redemption notice for the Series B Preferred Stock and is not an offer to purchase or a solicitation of an offer to sell the Series B Preferred Stock.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations reaching 95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including La Musica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “predict,” “project,” “potential,” “should,” “will,” or “would,” and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They appear in this press release and include statements regarding our intentions, beliefs or current expectations. These statements, by their nature, involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors, including, but not limited to, our substantial indebtedness and high leverage, our highly competitive industry, our ongoing response to the COVID-19 pandemic, our dependency on revenue and operating income from a limited number of markets, unpredictability of sales in the advertising industry, our ability to attract listeners, viewers and advertisers to our broadcast radio and television operations, the popularity and appeal of our content, our ability to maintain and renew distribution agreements, impact from tax reform and any new tax legislation, our ability to respond to rapid changes in technology, content creation, services and standards, our ability to protect our business from cybersecurity risks, performance of key employees, on-air talent and program hosts, reputational damage to our brands and legal or governmental proceedings and regulatory and other legislative compliance, including compliance with the Federal Communications Commission. All forward-looking statements made herein are qualified by these cautionary statements and risk factors and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. We do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Contacts:
Analysts and Investors
José I. Molina
Chief Financial Officer
(305) 441-6901

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SOURCE Spanish Broadcasting System, Inc.

Voto Latino and Media Matters for America Launch $22 Million Latino Anti-Disinformation Lab

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Voto_Latino_Logo

WASHINGTON, Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — In response to the threat of mis- and disinformation on democracy and public health, Voto Latino, the largest Latinx voter registration organization in the U.S., and Media Matters for America, the nation’s premier media watchdog organization, are announcing the launch of the Latino Anti-Disinformation Lab. The collaborative effort will work to better understand and strategically combat misinformation at all stages and on all mediums, seeking primarily to influence Latinx individuals.

The Latino Anti-Disinformation Lab will be chaired by Voto Latino co-founding President and CEO María Teresa Kumar, Media Matters for America President and CEO Angelo Carusone and former Democratic National Committee Chairman Tom Perez. It will, for the first time, establish the systems and network necessary to help combat mis- and disinformation that further polarizes and isolates Latinx voters.

The need for this initiative is clear. In the months leading up to the 2020 general election, voters were subject to higher levels of mis- and disinformation than ever before. Spanish and English language voter fraud misinformation, fear mongering tactics, and disinformation about COVID-19 spread throughout the media and on mainstream social platforms like Twitter, Facebook, Whatsapp, YouTube, and other online communities. This included a significant increase in false information targeting communities of color, disproportionately impacting Spanish-speaking audiences over the age of 40.

“For decades, disinformation has been a weapon that corrupt governments in failing states use against their own people,” said Voto Latino’s Maria Teresa Kumar. “But now that same weapon is aimed at the most vulnerable in the United States, exploiting some officials’ moral weakness and social media’s deliberate lawlessness to sow greater distrust of our critical institutions than ever before. The spread of lies around the COVID vaccine is proof positive that disinformation has become a life and death issue if not curbed and addressed.”

The Latino Anti-Disinformation Lab is the largest investment in combatting disinformation in Latinx communities to date. It will combine Media Matters’ media intelligence and disinformation expertise with Voto Latino’s deep knowledge of Latinx communities and digital-first savviness to inoculate impacted audiences across all mediums against targeted misinformation. As part of this effort, Media Matters will expand its monitoring of Spanish-language media and online communities, which a dedicated team will analyze to produce research that will catalyze strategic communications actions for Voto Latino. Voto Latino will invest heavily in data and infrastructure needed to effectively identify and communicate with at-risk Latinx voters.

“Whether its public health, political campaigns or policy  debates – the way the media approaches the issue will greatly influence the outcome,” said Media Matters President Angelo Carusone. “The right-wing sphere has spent years building a misinformation machine to target the Latinx community, which has resulted in a rising tide of disinformation. Despite how overwhelming it may seem, it is both possible and absolutely necessary to confront misinformation head on. This partnership will provide an essential check on that rising tide of disinformation.”

In addition to Media Matters and Voto Latino, former DNC Chairman Tom Perez, the son of first-generation immigrants from the Dominican Republic, will lend his voice and support to the effort to combat misleading information targeting the Latinx community.

“Misinformation targeting the Latino community is a very real and growing threat. We’ve got to address this threat head on with a substantial, focused, and concerted effort. That’s why I am so excited to be a part of this Voto Latino/Media Matters partnership. It leverages Media Matters’ unique capacities and expertise at media monitoring and research with Voto Latino’s extraordinary organizing and strategic communications capabilities,” added Tom Perez. This is the kind of lasting investment in communications infrastructure within the Latino community that is necessary to respond to the threat of misinformation as well as harness durable political and civic power.”

Voto Latino is a grassroots political organization focused on educating and empowering a new generation of Latinx voters, as well as creating a more robust and inclusive democracy. Through innovative digital campaigns, culturally relevant programs and authentic voices, we shepherd the Latinx community towards the full realization of its political power.

Media Matters for America is a nonprofit media watchdog dedicated to monitoring and exposing conservative misinformation. Through real-time monitoring, comprehensive research and analysis, and rapid response work, Media Matters combats lies, propaganda, and extremism to ensure that all Americans have access to truthful information.

CONTACT:
Danny Friedman, [email protected]
Laura Keiter, [email protected]

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SOURCE Voto Latino

Hundreds of People at Risk for Severe COVID-19 Avoid Hospitalization with New Treatment

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Dr. Priya Nori, director of the Antibiotic Stewardship Program, an infectious disease specialist at Montefiore Health System, and associate professor of medicine at Albert Einstein College of Medicine

BRONX, N.Y., Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — Last December, 70-year-old Bronx resident Irma Vega got COVID-19. Like 52 percent of people living in the Bronx, Vega had multiple chronic conditions, meaning her case of COVID-19 could easily become life-threatening. After her positive test, she arrived at Montefiore Medical Center to begin monoclonal antibody treatment.

Dr. Priya Nori, director of the Antibiotic Stewardship Program, an infectious disease specialist at Montefiore Health System, and associate professor of medicine at Albert Einstein College of Medicine

Monoclonal antibodies are created in a lab and function like naturally occurring antibodies, fighting infections before they spread. Studies show that when monoclonal antibodies are given intravenously to high-risk people diagnosed early with COVID-19, it can prevent them from experiencing severe symptoms that lead to hospitalizations.

“COVID-19 is a horrible illness, but I trusted the doctors and nurses,” said Vega. “I started monoclonal antibodies and my symptoms never got worse. I never needed to go to the hospital.”

Today more than 470 patients like Vega have benefited from Montefiore’s monoclonal antibody program, 93 percent of whom avoided worsening symptoms that would have required a visit to the hospital.

“Longstanding inequities and chronic disease have led to high COVID-19 infection rates and significant risk of death in our borough,” said Dr. Priya Nori, director of the Antibiotic Stewardship Program, an infectious disease specialist at Montefiore Health System, and associate professor of medicine at Albert Einstein College of Medicine. “Now Bronx residents have a safe, evidence-based treatment that stops COVID-19 in its tracks and is preventing severe illness.”

In December, Dr. Nori’s team began treating patients in Montefiore’s Bronx emergency departments with monoclonal antibodies, which are developed by pharmaceutical companies and authorized by the Food and Drug Administration. Since then, Montefiore opened an infusion clinic – now the main location for this therapy – and is partnering with local nursing homes to treat their residents.

People who qualify for monoclonal antibodies have a high-risk of severe COVID-19, including people aged 65 or older, and illnesses like chronic kidney disease, diabetes, hypertension, coronary artery disease, obesity and COPD. People who are immunocompromised due to diseases such as cancer, lupus or sickle cell anemia, or organ transplant recipients, are also candidates for treatment. Pregnant women and high-risk patients under age 21 may also qualify.

The monoclonal antibody treatment is given using IV therapy, administered through a vein in the arm, for about an hour. Patients are evaluated by a nurse practitioner and then monitored for any allergic reactions, which are extremely rare.  The appointment takes about three hours to complete; afterward patients receive a follow-up phone visit. Less than two weeks later, a telehealth appointment is completed with an infectious disease doctor who reviews recovery and symptoms.

“Patients come in with fear of COVID-19 and leave with hope because of this treatment,” said Susan Sakalian, Oncology Certified Nurse at Montefiore Medical Center. “It is a huge step forward from where we were in March 2020. The infusions keep people from needing emergency care, and that’s an invaluable resource for our patients and their families.”

For more information about the monoclonal antibodies treatment, please visit  covid19.montefiore.org/monoclonal-antibody-therapy-montefiore#main-content.

About Montefiore Health System
Montefiore Health System is one of New York’s premier academic health systems and is a recognized leader in providing exceptional quality and personalized, accountable care to approximately three million people in communities across the Bronx, Westchester and the Hudson Valley. It is comprised of 10 hospitals, including the Children’s Hospital at Montefiore, Burke Rehabilitation Hospital and more than 200 outpatient ambulatory care sites. The advanced clinical and translational research at its medical school, Albert Einstein College of Medicine, directly informs patient care and improves outcomes. From the Montefiore-Einstein Centers of Excellence in cancer, cardiology and vascular care, pediatrics, and transplantation, to its preeminent school-based health program, Montefiore is a fully integrated healthcare delivery system providing coordinated, comprehensive care to patients and their families. For more information please visit www.montefiore.org. Follow us on Twitter and view us on Facebook and YouTube.

About Albert Einstein College of Medicine
Albert Einstein College of Medicine is one of the nation’s premier centers for research, medical education and clinical investigation. During the 2020-21 academic year, Einstein is home to 721 M.D. students, 178 Ph.D. students, 109 students in the combined M.D./Ph.D. program, and 265 postdoctoral research fellows. The College of Medicine has more than 1,900 full-time faculty members located on the main campus and at its clinical affiliates. In 2020, Einstein received more than $197 million in awards from the National Institutes of Health (NIH). This includes the funding of major research centers at Einstein in aging, intellectual development disorders, diabetes, cancer, clinical and translational research, liver disease, and AIDS. Other areas where the College of Medicine is concentrating its efforts include developmental brain research, neuroscience, cardiac disease, and initiatives to reduce and eliminate ethnic and racial health disparities. Its partnership with Montefiore, the University Hospital and academic medical center for Einstein, advances clinical and translational research to accelerate the pace at which new discoveries become the treatments and therapies that benefit patients. Einstein runs one of the largest residency and fellowship training programs in the medical and dental professions in the United States through Montefiore and an affiliation network involving hospitals and medical centers in the Bronx, Brooklyn and on Long Island. For more information, please visit www.einstein.yu.edu, read our blog, follow us on Twitter, like us on Facebook, and view us on YouTube.

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SOURCE Montefiore Health System

Fredrick D. Scott, Announces Successful Completion Of Supervised Release Term

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Fredrick_D_Scott

NEW YORK, Feb. 17, 2021 /PRNewswire-HISPANIC PR WIRE/ — Fredrick D. Scott announced today that he has successfully completed his three-year term of supervised release in connection with his previous guilty plea for conspiracy to commit wire fraud and making a materially false statement to the Securities and Exchange Commission; a plea that was garnered through intimidation and forced by the prosecution after failing to successfully secure an indictment.

Though never indicted by a jury of his peers and being the only person ever charged in any capacity in his case, due to pressure applied by the Prosecution and threats to charge and deport his then wife, who was in the process of receiving her Green Card, Fredrick waived his right to indictment and entered into a plea bargain based on a prosecutor’s information, subsequently being sentenced to five years in federal prison and three years of supervised release.

“Though I am not happy about the circumstances and situations surrounding my guilty plea, nor am I happy about all the time I lost with my children. The net effect of what happened, oddly enough, was the best thing that could have ever happened to me at that time. It gave me time, time to find me, learn to love and accept me for exactly who and what I am, find my purpose and calling in this life and realize what it truly means to be ‘Black in America’. I have been everywhere a person wants to be and everywhere they don’t and because of that I can now effectively use my Knowledge, Experience and Execution abilities to bring about real impact and change in disadvantaged communities in the United States and abroad and am looking forward to doing so!”

About Fredrick D. Scott:

Fredrick D. Scott is the CEO of The Scott Family Office Intl. A single-family office structure from which Fredrick stewards his family’s assets. He is also the Chairman of the Board for the New York City–based foundation, The Scott Family Foundation Intl., a Civil Society Organization (CSO) and member of the United Nations Global Compact. Fredrick is a business consultant, private equity investor, motivational speaker, social activist, and philanthropist. Named one of Ebony magazine’s “Top 30 Under 30” in May 2010 at the age of 25, Fredrick was, at the time, the youngest African American hedge fund founder in history.

Fredrick is the pioneer of the #GetRealWoke movement. Designed to foster economic stability, viability, and the uplifting of our community by advancing financial literacy initiatives and combating policing, incarceration and economic tactics that are used to perpetually disenfranchise communities of color and render these communities modern day slaves in the United States. You can learn more about Fredrick and his endeavors by visiting: https://fredrickdscott.com and on Instagram: @fredrickdscott

Contact: Terracia Wilkinson, BTaylor & Associates,
404.631.6700, [email protected]

Photo – https://mma.prnewswire.com/media/1439873/Fredrick_D_Scott.jpg  

SOURCE Fredrick D. Scott LLC

AARP NY Calls on Governor Cuomo to Add Five-Point Nursing Home Reform Plan to NYS Budget Proposal

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AARP_New_York_Logo

ALBANY, N.Y., Feb. 17, 2021 /PRNewswire-HISPANIC PR WIRE/ — AARP New York today called on Governor Andrew Cuomo to include in his 2021-22 State Budget proposal a Five-Point Nursing Home Reform Plan to require minimum hours of direct care and increased staffing levels in nursing homes, ensure visitation and transparency, restore families’ legal recourse, and invest in cost-effective services that help New Yorkers remain at home.

AARP sent a letter to the Governor urging him to include the reforms in his 30-day Executive Budget amendments.

“The nursing home crisis is front and center in this State, as it should be; now, through the State Budget, is the time and way to end it,” said AARP New York State Director Beth Finkel. “We should not waste this golden opportunity to improve safety and conditions for our mothers, fathers, grandparents, spouses and other loved ones in New York’s nursing homes – and for the staff who care for them.” 

The Five-Point Plan for nursing homes and other adult care facilities would address:

  1. Quality Care, by requiring nursing homes to spend more on direct care and increase staffing levels; ensure strict compliance with infectious disease controls; and provide regular and ongoing testing, adequate personal protective equipment (PPE), and oversight through in-person access by formal advocates known as long-term care ombudsmen – including increasing staffing for the LTC Ombudsman program.
  2. Retroactive Repeal of Legal Immunity, by no longer shielding long-term care facilities for any negligent care delivered earlier in pandemic. Pursuing legal action is not an easy thing to do, and no family member who has lost a loved one due to neglect or abuse pursues this course of action lightly. It is always an option of last resort and must remain an option for families.
  3. Transparency, through requiring daily reporting of data on fatalities and infectious disease rates of staff and residents in all nursing homes and adult care facilities with a publicly available annual report to the Legislature.
  4. Home-and Community-Based Services, by increasing State funding by $27 million to help New Yorkers remain in their own homes, as the vast majority want, and out of potentially unsafe nursing homes. This funding would help end waiting lists for over 10,000 people seeking these services, which support family caregivers in helping older loved ones avoid costlier, mostly taxpayer-funded nursing homes.
  5. Visitation, by ensuring safe in-person and virtual visitation, including compassionate care visits, and thus addressing one of the biggest concerns AARP has heard from our members during the pandemic. Social interaction with family and friends is critical to the health and wellbeing of residents. In addition to the social connectivity and emotional support they provide, visitors are key members of the resident care team.

AARP New York also supports a package of nursing home reform legislation under consideration by the New York State Senate.

AARP New York recently joined with healthcare workers union 1199SEIU and nursing home consumer advocate The Long Term Care Community Coalition to urge minimum hours of care and other reforms in a letter to Governor Cuomo, State Senate Majority Leader Andrea Stewart-Cousins and State Assembly Speaker Carl Heastie.

“What has happened to our loved ones in nursing homes during the past 11 months is a tragedy,” added Finkel. “AARP New York stands ready to work with the Governor and Legislature to ensure it stops now and never happens again.”

Logo – https://mma.prnewswire.com/media/1440137/AARP_New_York_Logo.jpg

SOURCE AARP New York

Iconic Jalisco nature and culture inspire The Design Solution’s redesign of Guadalajara International Airport

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Renders

LONDON and GUADALAJARA, Mexico, Feb. 17, 2021 /PRNewswire-HISPANIC PR WIRE/ — With ambitions to create the ‘best airport in Mexico‘ at its home base in Guadalajara, Grupo Aeroportuario del Pacifico (GAP) plans to invest 10 billion Pesos (US$504m* see note) before 2026 in the development of Guadalajara Miguel Hidalgo y Costilla International Airport.  The plan includes an additional runway and new terminal building as well as, in the short/mid-term, a radical new 6 billion Pesos (US$302m* see note) redesign of the commercial space in the existing building.  The Design Solution has been appointed to deliver the redesign with the new space due to open on a phased basis over the next 2 years before being fully open in 2023.

The current terminal has benefited from numerous expansion projects since its opening in 1966 and today is a collection of airside zones, complex circulation patterns and architectural styles.  The objective of the terminal redesign is to rationalise passenger flows, creating a series of engaging touchpoints along the passenger journey, from security to gate, with a visionary design that unifies the entire experience.  The Design Solution has worked alongside the project’s commercial consultants, Pragma Consulting, in fulfilling the approved proposal.

The new plan optimises previously under-utilized space, creating a new vibrancy to the passenger experience with a significantly enlarged commercial zone.   The two security areas are retained and passengers are now drawn towards the airside heart of the terminal, a newly revitalised area overlooking the apron, surrounded by a dynamic mix of retail, bars, restaurants, pop-up sites and other customer service facilities.  

“Our first task was to rationalise the passenger flows through the terminal to create an intuitive route in the airside commercial area.  With this approach, passengers have much more direct engagement with the greater exposure given to stores, restaurants, bars, pop-ups and seasonal event experiences” explains Graeme Johns, Director of the Design Solution. “It is always a challenge to transform older terminals that have evolved through piecemeal development, especially those that were predominantly assembled before commercial revenues became so important.  These new designs will create a world class facility and passenger experience fitting for GAP’s ambitions to transform Guadalajara International Airport and to maximise its commercial potential.”

Mexico is so rich in history, culture, craft and unique landscapes and so finding a special feature to tie the designs together was not difficult.  Guadalajara is the heart of the Tequila and we were inspired by the shape of the harvested Agave plant used in the production of this iconic spirt, which is also one of the fastest growing categories in travel retail.  Its unique form is evident throughout the decoration of the terminal, such as the decorative lighting grilles featured in the main walkways and in the food & beverage area.”  

Raul Revuelta, Chief Executive Officer, Grupo Aeroportuario del Pacifico adds. “We first worked with The Design Solution at Sangster Montego Bay Airport in Jamaica, one of our other operated airports.  Shortly after, we appointed them to work at Los Cabos airport in Mexico and now on to Guadalajara.  We have worked together as a team over many months to create something we believe will transform the terminal, both in terms of bringing passengers the best travel experience as well as growing our commercial offer. In the core airside commercial area, we currently have 5,700 sq m and that will increase to 7,250 sq m.  The pandemic inevitably means the implementation of our ambitious plans will likely take longer than originally hoped but we look forward to a phased approach to achieving this vision.”

A key area of the redesign is centred on a flat roof canopy, located outside the centre of the terminal building, over an expanded baggage area.  The proposal is to transform this into a signature feature of the terminal, with an external garden terrace, surrounding an Agave-inspired architectural shade pod, offering casual seating, planting and a unique eating and drinking destination.  The ambience of this garden has also inspired the character of the indoor food & beverage zone and is further reflected in the outside feel that is brought inside to the gate seating areas. Heavily planted areas include trees to complement the minimalistic concrete benches with low level under-lighting, combining to create a light, contemporary and natural landscape look and feel. The exterior aesthetic is further enhanced with the application of resin-bound aggregate floor finishes and warm natural materials.

A large rotunda space is introduced directly after the wall-through duty free store, enabling passengers to pause, orientate themselves, check flight information and then plan how to spend their time before heading to the gate.  A large aura formation of pendant lights, made from Peltra, a Mexican porcelain enamel, designed by local contemporary design agency Bandido Studio in Puebla, is suspended within the space, creating a striking statement with a strongly local sense of place. 

Beside agave cultivation, Tequila and Mezcal production, Guadalajara is home to Mexico’s thriving software industry, known worldwide as Mexico’s Silicon Valley.  The airport is the country’s third largest airport, handling almost 15m passengers in 2019.  The new development will increase capacity to 30m passengers per year, an increase of 60% more flights.  Pre-pandemic passenger growth was double-digit and the airport anticipates a return to growth in due course. ENDS

Note: US$ amounts quoted in 1st paragraph are approximate due to US dollar exchange rate on the date of publication and also according to the peso exchange rate on the date of investment approval.

NOTES TO EDITORS

About The Design Solution

The Design Solution is a London based retail architecture and design practice with a strong specialism in the $70bn+ travel retail industry.  The practice has over 30 years’ experience in developing world-class retail solutions for airports, rail, motorways and other retail destinations all over the world together with compelling merchandising and experiential designs for brands. 

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, S.A.B. of C.V. (GAP) is a Mexican company that develops its activity in the airport sector. GAP operates 12 international airports in Mexico and two in Jamaica, serving more than 330 destinations, through 35 airlines. Its shares are listed on the stock exchanges of Mexico and New York.

In 2020, GAP served 27.3 million passengers, achieving a 56% recovery compared to those served in 2019 (48.7 million passengers).

The airports managed by Grupo Aeroportuario del Pacífico are located at:

  • Guadalajara and Tijuana, serving the main metropolitan areas.
  • Mexicali, Hermosillo, Los Mochis, Aguascalientes, Guanajuato, and Morelia, serving medium-sized developing cities.
  • La Paz, Los Cabos, Puerto Vallarta, Manzanillo and Montego Bay, serving some of the most important tourist destinations in Mexico and the Caribbean.
  • On October 10, 2018, GAP signed the concession contract with the government of Jamaica to operate, modernize and expand the Norman Manley International Airport (“KIN”) located in the city of Kingston.

The airports managed by GAP in Mexico are owned by the Mexican government and have been allocated in a 50-year concession starting in 1998, as part of a domestic initiative to privatize and improve the quality and security of the country’s airport services.

In Jamaica, the government owns the Montego Bay Airport and the concession granted for its operation is for a 30-year period, which will conclude on April 2033. The Kingston Airport was granted for a 25-year concession. GAP took control of the operation and administration this past October 2019.

Grupo Aeroportuario del Pacífico believes in the value of each individual and seeks to trigger his or her potential through education. Better-educated Mexicans will raise their quality of life and contribute towards the country’s development. GAP, in line with its business model and through its Foundation, is committed to be a factor of change. We work on two strategic pillars: work with the community, through the GAP Schools, and on training the airport community, with Community Training Centers.

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SOURCE Grupo Aeroportuario del Pacifico

Domino’s® Raises More Than $13 Million for St. Jude Children’s Research Hospital® and The Domino’s Village

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The Domino's Village at St. Jude Children's Research Hospital is expected to open its doors to patient families in spring 2023.

ANN ARBOR, Mich., Feb. 17, 2021 /PRNewswire-HISPANIC PR WIRE/ — Domino’s Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world based on global retail sales, is proud to announce that its corporate and franchise-owned stores across the country joined forces to raise a recording-breaking $13 million to support St. Jude Children’s Research Hospital in 2020.

The Domino's Village at St. Jude Children's Research Hospital is expected to open its doors to patient families in spring 2023.

The campaign follows the commitment Domino’s made in September 2020 to raise $100 million by 2030. As customers and team members were raising funds for a strong first year of the new commitment, preparations began to start construction on The Domino’s Village, a brand new patient housing facility for St. Jude families to call home while their children receive lifesaving care for childhood cancer and other life-threatening diseases. The Domino’s Village is expected to open its doors in spring 2023. To hear from patient families on the impact of housing at St. Jude, watch this brand-new video on The Domino’s Village: http://bit.ly/The-Dominos-Village.

More than $10.2 million of the funds came from generous donors during the annual St. Jude Thanks and Giving® campaign. The campaign, which ran for 11 weeks starting on Oct. 19, 2020, through Jan. 3, 2021, was the 17th consecutive St. Jude Thanks and Giving. Domino’s has participated in the campaign since the inaugural year. Prior to the 2020 campaign, Domino’s offered the opportunity for customers to round up their order total and donate the change to benefit St. Jude. This year, the round up totaled more than $2.8 million.

“During a particularly challenging year, I am in awe of the generosity of our brand’s customers during the annual St. Jude Thanks and Giving campaign,” said Ritch Allison, Domino’s CEO. “The record number of funds raised in stores this year speaks volumes about not only the dedication of Domino’s team members and customers, but also the groundbreaking work done by St. Jude Children’s Research Hospital.”

Domino’s $100 million pledge is the largest corporate commitment in the history of St. Jude. The Domino’s Village will be a home away from home for patient families who are referred to St. Jude from all over the world, offering them enjoyable living, dining and play spaces.

St. Jude treats children with cancer and other life-threatening diseases around the globe. Discoveries made at St. Jude are shared freely so every child saved at St. Jude means doctors and scientists can use that knowledge to save thousands more children around the world. In addition to housing and food, St. Jude offers an on-site education and numerous other services for patients and their families, who never receive a bill from St. Jude for treatment, travel, housing or food – because all a parent should worry about is helping their child live.

About Domino’s Pizza®

Founded in 1960, Domino’s Pizza is the largest pizza company in the world based on retail sales. It ranks among the world’s top restaurant brands with a global enterprise of more than 17,200 stores in over 90 markets. Domino’s had global retail sales of more than $14.3 billion in 2019, with over $7.0 billion in the U.S. and nearly $7.3 billion internationally. In the third quarter of 2020, Domino’s had global retail sales of more than $3.7 billion, with over $1.9 billion in the U.S. and nearly $1.8 billion internationally. Its system is comprised of independent franchise owners who accounted for 98% of Domino’s stores as of the end of the third quarter of 2020. Emphasis on technology innovation helped Domino’s achieve more than half of all global retail sales in 2019 from digital channels. In the U.S., Domino’s generated more than 65% of sales in 2019 via digital channels and has developed several innovative ordering platforms, including those for Google Home, Facebook Messenger, Apple Watch, Amazon Echo, Twitter and more. In 2019, Domino’s announced a partnership with Nuro to further its exploration and testing of autonomous pizza delivery. In mid-2020, Domino’s launched a new way to order contactless carryout nationwide – via Domino’s Carside Delivery™, which customers can choose when placing a prepaid online order.

Order – dominos.com 
Company Info – biz.dominos.com
Media Assets – media.dominos.com

Please visit our Investor Relations website at biz.dominos.com to view news, announcements, earnings releases, investor presentations and conference webcasts.

St. Jude Children’s Research Hospital®

St. Jude Children’s Research Hospital is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. Its purpose is clear: Finding cures. Saving children.® It is the only National Cancer Institute-designated Comprehensive Cancer Center devoted solely to children. Treatments invented at St. Jude have helped push the overall childhood cancer survival rate from 20 percent to more than 80 percent since the hospital opened more than 50 years ago. St. Jude won’t stop until no child dies from cancer. St. Jude freely shares the discoveries it makes, and every child saved at St. Jude means doctors and scientists worldwide can use that knowledge to save thousands more children. Families never receive a bill from St. Jude for treatment, travel, housing or food – because all a family should worry about is helping their child live. Join the St. Jude mission by visiting stjude.org, liking St. Jude on Facebook, following St. Jude on Twitter, Instagram and TikTok, and subscribing to its YouTube channel.

Domino's

Photo – https://mma.prnewswire.com/media/1439455/The_Domino_s_Village___Second_St.jpg
Logo – https://mma.prnewswire.com/media/330435/dominos_pizza_new_logo.jpg

SOURCE Domino’s Pizza, Inc.

Nelson de los Santos’s new book Cuba 1940-2000: Reseña Histórica exposes the political machinations in Cuba that led to the rise of a dictatorial government

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Nelson-de-los-Santos

DEERFIELD BEACH, Fla., Feb. 17, 2021 /PRNewswire-HISPANIC PR WIRE/ — The book Cuba 1940–2000: Reseña Histórica was created by Nelson de los Santos. Nelson de los Santos is an author who hails from Havana, Cuba. He worked for a security company; graduated from the Ana G. Méndez University System with an MBA; and currently lives in Deerfield, Beach Florida.

Nelson de los Santos said this about his book: “This book details the events in the period starting with the establishment of the Constitution of 1940. Free elections were held until 1948, continuing the democracy that began in 1902 that placed Cuba among the first countries in Latin America.

Fulgencio Batista’s coup on March 10, 1952 established a dictatorship that was fought by Fidel Castro, who developed an armed struggle to restore democracy, supported by the majority of the people.

On December 31, 1958, Batista fled to Santo Domingo as he had lost the war and left power to Castro, who in his first speeches promised freedom of the press and elections in eighteen months. But on February 7, he abolished constitutional rights and later nationalized the economy, establishing a Stalinist dictatorship to this day.”

Published by Page Publishing, Nelson de los Santos’s new book Cuba 1940–2000: Reseña Histórica presents a comprehensive account of the historical events transpiring within Cuba that greatly impacted the country’s politics, government, economy, and people.

Consumers who wish to learn about the intriguing power plays in Cuba that changed the nation’s state can purchase Cuba 1940–2000: Reseña Histórica in any bookstore or 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/1439317/Nelson_de_los_Santos.jpg

SOURCE Page Publishing

Gladys Vazquez’s New Book Calimba, A Riveting Tale Of A Team Of Astronauts’ Extraterrestrial Journey Hijacked By An Enigmatic Alien Host

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Gladys-Vazquez

SPRINGFIELD, Mass., Feb. 17, 2021 /PRNewswire-HISPANIC PR WIRE/ — The book Calimba was created by Gladys Vazquez. Gladys is an author who was born in Loíza Aldea, Puerto Rico. She studied at the Andrés Flores López School and at the Catholic University of Guayama. She has two daughters.

Vazquez said this about her book: “In an attempt to bring electricity to another planet, astronauts did not realize that their ship was carrying a host that changed the lives of the inhabitants of the planet Borealis, becoming a rare adventure.”

Published by Page Publishing, Gladys Vazquez’s new book Calimba depicts a suspenseful adventure to outer space that takes an unprecedented turn involving a foreign host that impacts their expedition.

Consumers who wish to find excitement in space travel, action, and mystery can purchase Calimba 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/1439338/Gladys_Vazquez.jpg

SOURCE Page Publishing