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Equifax Announces Comprehensive Consumer Settlement Arising From 2017 Cybersecurity Incident

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EFX logo - Powering the World with Knowledge

ATLANTA, July 22, 2019 /PRNewswire-HISPANIC PR WIRE/ — Equifax Inc. (NYSE: EFX) today announced a comprehensive resolution of significant U.S. consumer-related litigation and regulatory matters facing the company related to its 2017 cybersecurity incident. 

EFX logo - Powering the World with Knowledge

The $671 million resolution includes settlement agreements that would resolve the multi-district consumer class action litigation, as well as investigations by the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), the Attorneys General of 48 states, Puerto Rico and the District of Columbia, and the New York Department of Financial Services (NYDFS).

If approved by the Court, a consumer restitution fund of up to $425 million will be available to pay for three-bureau credit monitoring for consumers whose information was impacted in the 2017 breach, actual out-of-pocket losses related to the breach, and other consumer benefits such as identity restoration services. Equifax has been providing free credit monitoring services to consumers since September 2017.

“This comprehensive settlement is a positive step for U.S. consumers and Equifax as we move forward from the 2017 cybersecurity incident and focus on our transformation investments in technology and security as a leading data, analytics, and technology company,” said Equifax Chief Executive Officer, Mark W. Begor. “The consumer fund of up to $425 million that we are announcing today reinforces our commitment to putting consumers first and safeguarding their data – and reflects the seriousness with which we take this matter. We have been committed to resolving this issue for consumers and have the financial capacity to manage the settlement while continuing our $1.25 billion EFX2020 technology and security investment program. We are focused on the future of Equifax and returning to market leadership and growth.”

As part of the resolution, Equifax has agreed to continue the significant steps it has taken in the wake of the cybersecurity incident to enhance its information security and technology program. It also has agreed to make payments totaling $290.5 million directly to certain state and federal regulatory agencies and to pay attorneys’ fees and costs in the multi-district litigation. Equifax recorded an accrual of $690 million in the first quarter of 2019 and expects to increase its accrual by approximately $11 million in the second quarter of 2019 principally related to the comprehensive consumer settlement, resulting in a total $701 million accrual related to the 2017 cybersecurity incident.

If the Court approves, members of the settlement class will receive notification of their rights and options as part of the multi-district litigation. More information can be found at www.equifaxbreachsettlement.com.

Additional detail on the terms of the proposed settlement in our Form 8-K filed today with the Securities and Exchange Commission.

Equifax CEO Mark Begor will provide details in the following conference calls:

  • 9:00 a.m. ET Conference call for investors, analysts and others
    U.S. and Canadian participants should dial: (888) 254-3590.
    International callers should dial: (786) 789-4797. 
    A replay of this conference call will be available beginning Monday, July 22 at 12:00 p.m. ET and ending at 12:00 p.m. ET on Monday, July 29.  To access the replay, please register.
  • 9:30 a.m. ET Conference call for media
    U.S. and Canadian participants should dial: (800) 289-0438. International callers should dial: (786) 789-4783.

Please dial the appropriate number 5-10 minutes prior to the start of the calls to complete registration. Name and affiliation/company are required to join.

Forward-Looking Statements

This release contains forward-looking statements and forward-looking information. These statements can be identified by expressions of belief, expectation or intention, as well as statements that are not historical fact. These statements are based on certain factors and assumptions. While the company believes these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect.

Several factors could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, but not limited to, potential adverse developments in new and pending legal proceedings or government investigations, including the failure to obtain final court approval of the agreements which make up the Consumer Settlement; uncertainties regarding the ultimate amount and timing of payments the Company may be required to make in connection with the Consumer Settlement; the cost of compliance with the Company’s non-monetary obligations associated with the Consumer Settlement; uncertainties regarding the outcome of the remaining legal proceedings or government investigations related to the 2017 cybersecurity incident; and limitations on the Company’s ability to access the capital markets and corresponding effects on the Company’s ability to finance its obligations. A summary of additional risks and uncertainties can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, including without limitation under the captions “Item 1. Business — Governmental Regulation” and “— Forward-Looking Statements” and “Item 1A. Risk Factors,” and in the Company’s other filings with the U.S. Securities and Exchange Commission. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Equifax 
Equifax is a global data, analytics, and technology company and believes knowledge drives progress. The Company blends unique data, analytics, and technology with a passion for serving customers globally, to create insights that power decisions to move people forward. Headquartered in Atlanta, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor’s (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 11,000 employees worldwide. For more information, visit Equifax.com and follow the company’s news on Twitter and LinkedIn.

FOR MORE INFORMATION

Amanda Rosseter
[email protected] 

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SOURCE Equifax Inc.

Latino Business Lending Group, Préstamos Comerciales Ahora capitalized with $12 million to issue funding to US Latino owned businesses

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Préstamos Comerciales Ahora is a B2B lender dedicated to bridging the financing gap for Latino owned American small businesses. PCA plans to contribute heavily to the recent growth in the Latino market by providing affordable loan products to stimulate their success.

NEW YORK, July 22, 2019 /PRNewswire-HISPANIC PR WIRE/ —  Préstamos Comerciales Ahora (PCA www.prestamoscomercialesahora.com), a company solely funding Latino owned businesses, was recently backed by B2B lender Cast Capital for $12.3 million. According to a 2018 report published by Stanford’s Graduate School of Business, the Latino business community generates roughly $510 billion in sales annually.  However, there is still a shortage of financing options for owners in regards to traditional banking. PCA is committed to aiding in the continuous growth of this market with its new financing programs.

Préstamos Comerciales Ahora is a B2B lender dedicated to bridging the financing gap for Latino owned American small businesses. PCA plans to contribute heavily to the recent growth in the Latino market by providing affordable loan products to stimulate their success.

The report also revealed that since 2007 the Latino owned business market has seen a staggering growth of 46% and that and currently represents 12% of all firms in the US. Even though this market has evidently been growing strong, banks and lending institutions commonly have an extensive and somewhat unrealistic list of qualifications needed for their products. The combination of extensive qualification standards from the banks and misinformation on the proper loan application process, has created The Latino Entrepreneurship Gap.

PCA is an alternative and licensed online lender dedicated to shrinking this gap. Their mission is to service Hispanic business owners in the language of their preference, all while contributing to the growth of Latin entrepreneurship in America.

  • Provide financing options for Latino owned business to create bridge of opportunity
  • Educate owners on how to improve their credit profile and financial status
  • Stimulate the ever-growing market of Latino owned businesses
  • Create an easy process and excellent service in the language of preference

In the words of Senior Funding Specialist Jennifer Dominguez, “We are committed to helping every single one of the Latino Business Owners to improve their businesses and achieve the American dream.”

Additional information can be found at www.prestamoscomercialesahora.com.

Contact: Jennifer Dominguez, Senior Funding Specialist, (877) 496-2434 ext. 203, [email protected]

Logo – https://mma.prnewswire.com/media/948615/PCA_Logo.jpg

SOURCE Cast Capital Funding; Préstamos Comerciales Ahora

It’s a Supra Kind of Day

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It’s a Supra day for sports car fans as the 2020 GR Supra is now on sale.

PLANO, Texas, July 22, 2019 /PRNewswire-HISPANIC PR WIRE/ — Today’s the day sports car enthusiasts have been waiting for. After more than 20 years of eager anticipation, fans can now purchase the fifth-generation 2020 Toyota GR Supra at Toyota dealerships across the country. The all-new Supra features an exhilarating blend of power, precision, and agility. It pays homage to its predecessors with its twin-scroll turbo charged in-line six, rear-wheel-drive design, low center of gravity, and optimal weight balance.

It’s a Supra day for sports car fans as the 2020 GR Supra is now on sale.

The first 1,500 Supras will be Launch Edition models, which are based on the 3.0 Premium grade. Each will be uniquely numbered and have distinctive features signifying the exclusivity and excitement of Supra’s return.

The Supra Launch Edition is available in Absolute Zero White, Nocturnal Black, or Renaissance Red 2.0, each featuring high-contrast red mirror caps and 19-inch forged matte black alloy wheels.

The Absolute Zero White and Nocturnal Black Supra Launch Editions have a red interior. Each of the racing-inspired sport seats have red leather trim, with red leather-wrapped steering wheel grips, and a red center console with carbon-fiber accents.

The Renaissance Red 2.0 Supra Launch Edition features a black leather-trimmed interior, with black sport seats, a black steering wheel and black center console with carbon-fiber accents.

The Launch Edition Supras feature an individually numbered carbon-fiber badge on the passenger-side dashboard, complete with a graphic of Toyota Motor Corporation President and Master Driver Akio Toyoda’s signature. The Manufacturer’s Suggested Retail Price (MSRP) for the Launch Edition Supra is $55,250.

Following the Launch Edition models, Supra will be available in 3.0 or 3.0 Premium versions.  The two grades feature the same 335 hp 3.0-liter engine with 365 lb.-ft of torque. An eight-speed automatic transmission with paddle shifters launches the Supra from 0-60 in 4.1 seconds. The Supra 3.0 has an MSRP of $49,990 while the MSRP of the Supra 3.0 Premium is $53,990. Prices do not include a delivery, processing and handling (DPH) fee of $930.

The 3.0 grade has a 6.5-inch display with Bluetooth and iPod capability, as well as Alcantara seats. Navigation and JBL Audio will be an available option.

The 3.0 Premium grade features an upgraded 8.8-inch, wide-format touchscreen display with Navigation, Supra Connect telematics services, and wireless Apple CarPlay compatibility. It also includes a premium 12-speaker JBL audio system, Qi-wireless phone charging, a color Head-Up Display and heated, leather-trimmed seats.

Both grades are equipped with a deft balance of function and premium comfort and convenience features. Keyless Smart Entry, dual automatic climate control, auto-dimming rearview mirrors, rear camera, rain sensing windshield wipers, garage door opener, power folding mirrors, and a leather-wrapped steering wheel are standard.

Standard safety features on both grades, as well as the Launch Edition, include pre-collision system with pedestrian detection, lane departure warning with steering assist and automatic high beams.

The Driver Assist Package brings additional features that will be optional on both grades. It includes full-speed dynamic radar cruise control, blind spot monitor, rear cross traffic alert and parking sensors.

Supra’s bold paint palette will include Renaissance Red 2.0, Nitro Yellow, Downshift Blue, Absolute Zero White, Tungsten Silver, Turbulence Gray, Nocturnal Black and Phantom Matte Gray.

For those who want to configure their dream Supra, the configurator is now up and running on Toyota.com.  The marketing campaign for Supra, “Getting to Know You,” also is underway and can be viewed on ToyotaNewsroom.com.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 38 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ more than 47,000 people (over 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold 2.8 million cars and trucks (2.4 million in the U.S.) in 2018.

Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.toyotanewsroom.com.

Media Contacts:

Nancy Hubbell
469-292-4954
[email protected]

Zachary Reed
469.292.3499
[email protected]

For customer inquiries, please call: 800-331-4331

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Toyota logo.

SOURCE Toyota

Hindman Claims Pole for Acura at Lime Rock Park

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Trent Hindman and the Meyer Shank Racing team captured their third pole of the season this morning in qualifying at Lime Rock Park for this afternoon’s Northeast Grand Prix IMSA WeatherTech SportsCar Championship race. Hindman and co-driver Mario Farnbacher lead the IMSA GTD championship in their Acura NSX GT3 Evo.

LAKEVILLE, Connecticut, July 20, 2019 /PRNewswire-HISPANIC PR WIRE/ — Trent Hindman took his Meyer Shank Racing Acura NSX GT3 Evo to his third IMSA WeatherTech SportsCar Championship pole of the season this morning, and will lead the GTD field to the green flag in today’s Northeast Grand Prix at Lime Rock Park.

Trent Hindman and the Meyer Shank Racing team captured their third pole of the season this morning in qualifying at Lime Rock Park for this afternoon’s Northeast Grand Prix IMSA WeatherTech SportsCar Championship race. Hindman and co-driver Mario Farnbacher lead the IMSA GTD championship in their Acura NSX GT3 Evo.

HIndman’s lap record time of 51.456 seconds around the fast, but short, Lime Rock Park road course bested an extremely tight qualifying session, with just over seven-tenths of a second covering the full GTD field.

Meyer Shank Racing Acura NSX GT3 Evo
No less than five different drivers topped the GTD time sheets in this morning’s 15-minute qualifying session, with Hindman finally claiming the pole on his eighth lap. It is the third pole of the season for the New Jersey native, who claims Lime Rock as his “home” track, following GTD pole runs at Sebring and Watkins Glen. Hindman and co-driver Mario Farnbacher currently hole a 19-point lead in the GTD championship ahead of today’s sixth race of the season.

In the second MSR Acura, Christina Nielsen qualified 11th in the Acura NSX GT3 Evo she will share with co-driver Katherine Legge in today’s race, with her qualifying time of 52.059 seconds just six-tenths of a second slower than Hindman.

Acura Team Penske
As one of two races on the 2019 schedule to feature IMSA’s GT classes (GTD and GTLM), the Prototype category was not a part of the IMSA weekend at Lime Rock Park. The Acura Team Penske ARX-05s will return to the WeatherTech SportsCar Championship for the next race on the schedule, August 2-3 at Road America in Elkhart Lake, Wisconsin. 

Where to Watch
Same-day US Network television coverage from Lime Rock Park begins at 9:30 p.m. EDT on the NBC Sports Network.  Complete, flag-to-flag race coverage also will be available on NBCSports.com  and the NBC Sports App with NBCSN authentication, starting at 3 p.m. EDT.

Quote
Trent Hindman (#86 Meyer Shank Racing Acura NSX GT3) GTD class pole qualifier, his third IMSA GTD pole of 2019: “Big thanks to the Meyer Shank Racing guys.  I kind of put them through the wringer in the warmup [practice session prior to qualifying], just trying to get every last ounce of performance out of the car before qualifying. We got out of the warmup and everything felt really good so it was like ‘the pressure is on, I’ve got to get it done, there’s no excuse if we don’t’, so I’m glad we pulled through!  Again, this is all down to the work of the Meyer Shank Racing crew, HPD and Acura.  Everyone helped me get this one done today, and I’m really appreciative of want they did for me. I’m just grateful to be part of a great team.”

Acura Logo.

Photo – https://mma.prnewswire.com/media/949829/Acura_Motorsports_Hindman.jpg

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SOURCE Acura Motorsports

50 Years And Still Driven: Mary Kay Celebrates Milestone Anniversary Of Its Iconic Pink Cadillac At U.S. Seminar

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Mary Kay unveiled the newest addition to its coveted career car fleet at the company’s annual U.S. Seminar--the pink Cadillac XT6.

DALLAS, July 19, 2019 /PRNewswire-HISPANIC PR WIRE/ — To celebrate 50 years of an American icon – the Mary Kay® pink Cadillac – global cosmetics company Mary Kay unveiled the newest addition to its coveted career car fleet at the company’s annual U.S. Seminar. In a surprise announcement in front of thousands of attendees, the all-new Mary Kay® pink Cadillac XT6 was unveiled on stage at the top beauty brand’s convention in Dallas.

Mary Kay unveiled the newest addition to its coveted career car fleet at the company’s annual U.S. Seminar—the pink Cadillac XT6.

The new XT6 model offers top-performing, qualifying Mary Kay Independent Sales Directors a Cadillac with a third row seat.  The Mary Kay® pink Cadillac XT6 joins a fleet of Mary Kay career car options including the Chevrolet Malibu, Chevrolet Equinox, Chevrolet Traverse, MINI Hardtop 4 Door and Mary Kay® pink Cadillac XT5.

Mary Kay is home to one of the largest and most successful car incentive programs in the world, and our U.S. Seminar is the perfect platform to celebrate the program’s 50th anniversary with the unveiling of the all-new Mary Kay® pink Cadillac XT6,” said Laura Beitler, Vice President of Sales for Mary Kay Inc. “Production of the Cadillac XT6 just began in May 2019, so we are excited for our independent sales force to have the opportunity to earn this brand-new Cadillac model as we celebrate a milestone anniversary of the iconic Mary Kay® pink Cadillac.” 

In 1967, Mary Kay Ash ordered her first pink Cadillac from a Dallas dealership and asked to have it painted to match the pale pink Mary Kay® lip and eye palette she carried in her purse. The pink-mobile was such a hit that in 1969, she rewarded the top five independent sales force members with the use of their own pink 1970 Cadillac Coupe DeVille and in turn, launched the Mary Kay Career Car Program. 

Since the inception of the Mary Kay Career Car Program in the United States, more than 165,000 top-performing independent sales force members have qualified or re-qualified for the use of a Mary Kay career car with nearly 24,000 earning the use of a coveted Mary Kay® pink Cadillac.  Today, there are more than 4,000 Mary Kay career cars on the road nationwide. 

“The Mary Kay Career Car Program is an integral part of our company’s history and recognizes independent sales force members for their hard work and success,” said Nathan Moore, President of Mary Kay Inc.’s North America Region.  “As we welcome thousands of Mary Kay independent sales force members from every corner of the country to North Texas, we’re excited to celebrate the success of all Mary Kay entrepreneurs through recognition, education and motivation at our annual U.S. Seminar, the longest running event at the Dallas convention center.”

The new Mary Kay® pink Cadillac XT6 will be on display at the company’s Seminar held July 18 – Aug. 2 at the Kay Bailey Hutchison Convention Center Dallas.  The Dallas Convention and Visitors Bureau estimates Seminar 2019 will pump $37 million into the North Texas economy and support 3,464 jobs over the duration of the two-week event.  The convention is comprised of four back-to-back conferences and is one of the top five largest events in Dallas based on attendance, economic impact and hotel room nights. During this year’s event, Mary Kay will award approximately $8 million in recognition prizes. 

For more information about Mary Kay’s company timeline, positive community impact, rewarding opportunity and irresistible products, click here.

About Mary Kay
One of the original glass ceiling breakers, Mary Kay Ash founded her beauty company more than 55 years ago with three goals: offer rewarding opportunities for women, manufacture irresistible products and make the world a better place. That dream has blossomed into a multibillion-dollar company with millions of independent sales force members in nearly 40 countries. Mary Kay is dedicated to researching the science behind beauty and to manufacturing cutting-edge skin care, color cosmetics and fragrances. Through the Mary Kay Foundation SM, the company has awarded more than $78 million to cancer research and domestic violence shelters. Mary Kay Ash’s original vision continues to shine—one lipstick at a time.

Mary Kay Ash with 1985 pink Cadillac.

   

MaryKay.com

Photo – https://mma.prnewswire.com/media/949231/Mary_Kay_pink_Cadillac_XT6.jpg

Photo – https://mma.prnewswire.com/media/949233/Mary_Kay_Ash_1985.jpg

Logo – https://mma.prnewswire.com/media/949248/Mary_Kay_Logo.jpg  

SOURCE Mary Kay

FIBRA Prologis Declares Quarterly Distribution

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FIBRA__Logo

MEXICO CITY, July 19, 2019 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV: FIBRAPL 14), one of the leading owners of Class-A logistics real estate in Mexico, today declared a cash distribution of Ps. 380.0 million (US$ 20.0 million), or Ps. 0.5895 per Certificado Bursátil Fiduciario Inmobiliario (“CBFI”) (US$ 0.0310 per CBFI) related to the results of the quarter ending June 30, 2019.

The distribution is payable July 30, 2019, to CBFI holders with an ex-dividend date of July 26, 2019, and a record date of July 29, 2019.

ABOUT FIBRA PROLOGIS

FIBRA Prologis is one of the leading owners and operator of Class-A industrial real estate in Mexico. As of June 30, 2019, FIBRA Prologis comprised 190 logistics and manufacturing facilities in six industrial markets in Mexico totaling 34.8 million square feet (3.2 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, and (ix) 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 – https://mma.prnewswire.com/media/528012/FIBRA__Logo.jpg

SOURCE FIBRA Prologis

America’s Anglers Reach Record-Breaking Diversity

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America's Anglers Reach Record-Breaking Diversity

ALEXANDRIA, Virginia, July 18, 2019 /PRNewswire-HISPANIC PR WIRE/ — America’s anglers are more diverse than ever, a key finding of the 2019 Special Report on Fishing, released today by the Recreational Boating & Fishing Foundation (RBFF). Both women and Hispanics are casting their lines in record-breaking numbers, with 17.7 million and 4.4 million participants, respectively.

America's Anglers Reach Record-Breaking Diversity

“It’s often assumed that all anglers look alike,” says Stephanie Vatalaro, RBFF’s Senior Vice President of Marketing and Communications. “Our mission is to welcome everyone to the water — because if you want to learn to fish, you should have that opportunity no matter who you are. And while our work isn’t over, it’s clear from these results that the tides are changing.”

In addition to record-breaking diversity, other highlights from the Special Report on Fishing include:

  • 49.4 million Americans participate in fishing annually.
  • Americans go fishing a cumulative 883 million days annually, or 17.9 days each year per person.
  • More non-anglers than ever, 33.9 million people, are interested in trying fishing.
  • Parents are 45 percent more likely to go fishing than adults without children.
  • More than 3 in 4 anglers view fishing’s environmental benefits as one reason they participate in the activity.

RBFF’s diversity initiatives include its #WomenMakingWaves social media movement and its George H.W. Bush Vamos A Pescar Education Fund.

Created in partnership with The Outdoor Foundation, the Special Report on Fishing provides one of the most comprehensive looks at the state of U.S. fishing and boating participation. The full report, along with an accompanying infographic, is available at the RBFF Resource Center.

About the Recreational Boating & Fishing Foundation (RBFF)
RBFF is a nonprofit organization whose mission is to increase participation in recreational angling and boating, thereby protecting and restoring the nation’s aquatic natural resources. RBFF developed the award-winning Take Me Fishing™ and Vamos A Pescar™ campaigns creating awareness about boating, fishing and conservation, and educating people about the benefits of participation. These campaigns help boaters and anglers of all ages and experience levels learn, plan, and equip for a day on the water. The campaign websites, feature how-to videos, information on how to get a fishing license and boat registration, and an interactive state-by-state map that allows visitors to find local boating and fishing spots.

About The Outdoor Foundation
The Outdoor Foundation is a not-for-profit organization dedicated to inspiring and growing future generations of outdoor enthusiasts. Through groundbreaking research, action-oriented outreach and education programs, the Foundation works with partners to mobilize a major cultural shift that leads all Americans to the great outdoors. In 2010, the Foundation launched Outdoor Nation, a pioneering initiative that aims to empower young leaders to champion the outdoors on campuses and in communities across the United States. For more information visit OutdoorFoundation.org.

Photo – https://mma.prnewswire.com/media/949050/Recreational_Boating_Fishing_Special_Report.jpg

 

SOURCE Recreational Boating & Fishing Foundation

FIBRA Prologis Announces Second Quarter 2019 Earnings Results

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MEXICO CITY, July 18, 2019 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the second quarter of 2019.

HIGHLIGHTS FROM THE QUARTER:

  • Period-end occupancy was 96.6 percent.
  • Net effective rents on rollover increased 16.0 percent.
  • Weighted average customer retention was 85.1 percent.
  • Same store cash NOI grew 3.9 percent.
  • Completed net asset dispositions of US$10 million.

Net earnings per CBFI was Ps. 0.7487 (US$0.0395) for the second quarter compared with Ps. 1.3285 (US$0.0709) for the same period in 2018.

Funds from operations (FFO) per CBFI was Ps. 0.5647 (US$0.0298) for the second quarter compared with Ps. 0.4620 (US$0.0263) for the same period in 2018. The current period included an incentive fee paid to FIBRA Prologis’ sponsor of Ps. 0.2678 (US$0.0136) per CBFI. Excluding the incentive fee, FFO per CBFI was Ps. 0.8325 (US$0.0434).

STRONG RESULTS

“Our results in the second quarter are evidence that our investment strategy of focusing on the six most dynamic markets in Mexico is working,” said Luis Gutiérrez, CEO, Prologis Property Mexico. “Rent change on rollover was a record 16 percent, while occupancy remained elevated. This combination led to strong Cash Same Store NOI generation, demonstrating our internal growth capabilities.”

Operating Portfolio

2Q19

2Q18

Notes

Period End Occupancy 

96.6%

95.9%

Driven by declines in Juarez and Mexico City, partly offset by increases in Monterrey

Leases Commenced

2.0MSF

2.3MSF

82% of leasing activity related to renewals, led by Monterrey and Mexico City

Customer Retention

85.1%

87.1%

Net Effective Rent Change

16.0%

15.1%

Led by Mexico City and Monterrey

Cash Same Store NOI

3.9%

2.5%

Higher rent change on leases commenced and annual rent escalators, as well as increased average occupancy partly offset by higher bad debt and operating expenses

SOLID FINANCIAL POSITION

As of June 30, 2019, FIBRA Prologis’ leverage was 32.1 percent and liquidity was Ps. 6.6 billion (US$344.4 million), which included Ps. 6.2 billion (US$325.0 million) of available capacity on its unsecured credit facility and Ps. 372.4 million (US$19.4 million) of unrestricted cash.

GUIDANCE UPDATE

“We delivered solid operating and financial results in the first half of the year, which highlights, now more than ever, the importance of maintaining a focused investment strategy and adhering to a prudent approach to our balance sheet,” said Jorge Girault, senior vice president, Finance, Prologis Property Mexico. “Our updated guidance reflects this prudence in our balance sheet and capital, as well as the positive effect of our risk management strategy.”

(US$ in million, except per CBFI amounts)

FX = Ps$20.0 per US$1.00

Low

High

Notes

FFO per CBFI excluding incentive fee

US$0.1600

US$0.1650

Excludes the impact of peso movements

FFO per CBFI including incentive fee

US$0.1425

US$0.1500

Full Year 2019 Distributions per CBFI

US$0.1240

US$0.1240

Year End Occupancy

96.0%

97.0%

Same Store NOI (Cash)

3.0%

4.0%

Based in U.S. dollars

Annual Capital Expenditures as % of NOI

14.0%

15.0%

Asset Management and Professional Fees

US$20.0

US$22.0

Excludes incentive fee

Building Dispositions

US$50.0

US$70.0

WEBCAST & CONFERENCE CALL INFORMATION

FIBRA Prologis will host a live webcast/conference call to discuss quarterly results, current market conditions and future outlook. Here are the event details:

  • Friday, July 19, 2019, at 9 a.m. CT/10 a.m. ET
  • Live webcast at www.fibraprologis.com, in the Investor Relations section, by clicking Events
  • Dial in: +1 877 256 7020 or +1 973 409 9692 and enter Passcode 2336099.

A telephonic replay will be available July 19 – July 26 at +1 855 859 2056 from the U.S. and Canada or at +1 404 537 3406 from all other countries using conference code 2336099. The replay will be posted in the Investor Relations section of the FIBRA Prologis website.

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of June 30, 2019, FIBRA Prologis was comprised of 190 logistics and manufacturing facilities in six industrial markets in Mexico totaling 34.8 million square feet (3.2 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, and (ix) 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.

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SOURCE FIBRA Prologis

Jefferson Dental Opens Second Location in Garland

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Jefferson Dental Care (PRNewsFoto/Jefferson Dental Care)

GARLAND, Texas, July 18, 2019 /PRNewswire-HISPANIC PR WIRE/ — Jefferson Dental is bringing more smiles to DFW and opening a brand new, state-of-the-art office located at 5826 Broadway Blvd. In celebration of the 70th clinic opening, Jefferson Dental will host a free, carnival-themed celebration event for the public from 4-6pm on Saturday, July 20!

Jefferson Dental Care (PRNewsFoto/Jefferson Dental Care)

The grand opening event will feature free dental screenings, clinic tours, giveaways and one lucky attendee will win $500 toward their next dental treatment.

DJ Layla “La Nena” Guerroro from 94.1 FM Que Buena will be hosting the event and giving out a variety of prizes throughout the day. The event will also feature free food truck refreshments, carnival-themed games for kids, face painting, a water slide and more!

“Patients can expect exceptional service, convenient hours and the most affordable prices guaranteed with our price-match guarantee policy,” says Adam Arnette, CMO Jefferson Dental Clinics.

The Garland office will serve patients with a full-service menu of general, cosmetic and specialty dentistry services to patients of all ages. The office will be open Monday through Saturday, and features convenient morning, afternoon, evening and weekend appointment times. For more information about hours of operation, services and to schedule an appointment, visit www.jeffersondentalclinics.com or call 844-2-SMILES.

Jefferson Dental Care, founded in 1967, is committed to providing the highest-quality, affordable dental and orthodontic care to the diverse communities we serve. We offer the lowest price guaranteed, convenient hours, and neighborhood locations.

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SOURCE Jefferson Dental Care

Tanger Outlets Celebrates Back-to-School Shopping Season With TangerSTYLE

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Tanger_Outlets_Logo

GREENSBORO, N.C., July 18, 2019 /PRNewswire-HISPANIC PR WIRE/ — Tanger Outlets invites shoppers to kick off back-to-school shopping during the 2019 TangerSTYLE event. Tanger encourages shoppers to experience the fun and savings exclusively found at Tanger Outlets, while searching for today’s must-have styles for the classroom this season.

From July 19 through August 25, Tanger shoppers can find the best looks from top brand names and designer stores, with special savings and coupons. Starting this weekend, shoppers can access the deals before they shop at www.tangeroutlet.com/tangerstyle or on the Tanger website app.

“At Tanger Outlets, we take price out of the equation with our price match guarantee, giving customers the opportunity to enjoy their shopping experience,” said Steven B. Tanger, CEO of Tanger Outlets. “Our shoppers can buy confidently knowing they are shopping the best deals for the fall season.”

TangerSTYLE’s curated guide features back-to-school shopping trends, with tips on how to wear to suit your family’s lifestyle:

  • Textures & Patterns – Elevate your wardrobe with a pop of pattern and sophisticated textures this fall season. From floral and frills to denim and dainty details, Tanger Outlets has endless options from your favorite designer brands, for less.
  • Date Night Style – With the kids at dance class and soccer practice, weeknight date night has never looked better. Tanger offers exceptional savings on conversation-starting fall styles.
  • Statement Pieces That WOW! – From statement shoes to stylish sunnies, Tanger Outlets has the largest selection of fall accessories that can take your look from great to WOW!
  • A+ Back to School Styles – Shop at Tanger for back-to-school styles for kids of all ages. You’ll find trendy graphic tees, classic uniform staples and everything in between for the new school year.
  • The Great Outdoors – This fall, shop Tanger Outlets for all your outdoor adventures, including boots and backpacks for hiking and jackets and accessories for camping, for less.

For more style tips, tricks and fashionable savings, visit www.tangerstyle.com.

About Tanger Factory Outlet Centers, Inc.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 39 upscale outlet shopping centers. Tanger’s operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.3 million square feet, leased to over 2,900 stores which are operated by more than 510 different brand name companies. The Company has more than 38 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 181 million shoppers annually. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the Company’s website at www.tangeroutlets.com.

Media Contact:
Quentin Pell
[email protected]

 

 

 

 

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SOURCE Tanger Outlets