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The Art Institute Of Austin Expands Opportunities For Students In Creative Industries

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AUSTIN, Texas, Feb. 26, 2019 /PRNewswire-HISPANIC PR WIRE/ — Studio Enterprise, an education services company that uses education and training as a platform to impact the creative industries, is partnering with The Art Institute of Austin, a branch of The Art Institute of Houston and New Republic Studios (NRS) to offer college students opportunities that will expand their skills to bring them closer to employment in their chosen fields.

Studio Enterprise recently partnered with The Art Institute of Austin to provide student centric support through relevant educational and professional work opportunities before and after graduation in the creative sector.

This collaboration will provide the college students, with “last-mile” training to give them a leg up on entering the job market by providing NRS facilities, backlots and production assets for training programs, seminars, master classes, workshops, festivals and co-productions. The partnership will be an extension to the current media arts programs including training experiences and hands-on projects as well as mentoring, networking and internships, that can lead to better employment opportunities in the creative industries in Texas.

The Art Institute of Austin has served as an important source of creative professionals in the Austin community for more than a decade. It is one of The Art Institutes, a system of private, nonprofit schools located throughout the United States that extends back to 1921. The school offers diploma through bachelor’s degrees in design, media arts, culinary and fashion and has already successfully placed students and alumni into the NRS internship program. This new formal partnership will deepen this relationship and give way to more student opportunities built with, and for, The Art Institute of Austin.

NRS provides an innovative, multi-platform experience by allowing companies the opportunity to produce the best in content and technology. The creative campus unites film, TV, commercial, new media, altered reality/virtual reality and immersive media all under one roof. They strive to be a focal point of the content community in Texas with their philosophy that the sum is greater than the individual parts.

“We have enjoyed working with students of The Art Institute of Austin through our internship program for many years. They are well trained, talented and professional,” said Mindy Raymond, president of NRS. “We now look forward to a more robust schedule of events that will continue to place the students and NRS at the fulcrum of the film industry in Austin.”

“We are proud to expand opportunities for students through this partnership with Studio Enterprise and New Republic Studios,” said Dana Hagen, campus president of The Art Institute of Austin. “These two organizations will be critical in further providing programs, training and experiences that help students to land that all-important first job out of college.”

About The Art Institute of Austin
The Art Institute of Austin, a branch of The Art Institute of Houston provides a very special experience for its students and the city’s local arts scene. Austin is a city that strives to “keep it weird,” and in doing so, it is an arts magnet. Founded in 2008 and with more than 60,000 square feet of classroom, computer lab, library, kitchens and office space, the college offers degree programs in Culinary Arts, Baking & Pastry, Advertising, Graphic & Web Design, Web & Interactive Media, Design & Technical Graphics, Interior Design, Media Arts & Animation, Audio Production, Digital Filmmaking & Video Production, Digital Photography, Game Art & Design, Fashion Design and Fashion Marketing & Management. The Art Institute of Austin is home to Ology, its student-run restaurant which is open to the public. The Art Institute of Austin is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associate and baccalaureate degrees. Contact the Commission on Colleges at 1866 Southern Lane, Decatur, Georgia 30033-4097 or call 404-679-4500 for questions about the accreditation of The Art Institute of Houston. For more information about The Art Institute of Austin, please visit www.artinstitutes.edu/austin.  

The Art Institute of Austin, a branch of The Art Institute of Houston, is one of The Art Institutes, a system of private, non-profit schools throughout the United States. Programs, credential levels, technology, and scheduling options vary by school and are subject to change. 101 W. Louis Henna Blvd, Austin, TX 78728. © 2019. The Art Institutes. All rights reserved.

About Studio Enterprise
Studio Enterprise is a vertically integrated education services company focused on student centric models of education and training as a platform to impact the creative economy. Studio Enterprise partners with colleges and universities in support of their vision by expanding market reach and supporting their students transition from the classroom to industry.

About New Republic Studios
New Republic Studios (NRS) is a creative campus that sits on 200 acres along a mile of Colorado River. The studio hosts film, television, commercial, music videos, AR/VR and immersive media productions. With three sound stages, fully equipped mill workshop, multiple production offices and a diverse landscape, NRS is at the forefront of content creation and media production for the state of Texas and beyond.

SOURCE Studio Enterprise; The Art Institute of Austin

Reaching for objects while driving may raise teen crash risk nearly sevenfold

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BETHESDA, Maryland, Feb. 26, 2019 /PRNewswire-HISPANIC PR WIRE/ — Teenagers who reach for objects, such as food or makeup, while driving increase their risk of crashing nearly seven times, according to researchers at the National Institutes of Health. Their study, which appears in the American Journal of Preventative Medicine, also found that manually dialing, texting or browsing the web on a phone while driving doubled a teen’s crash risk.

Motor vehicle crashes are the leading cause of death and disabilities among drivers aged 15 to 20 years, according to the National Highway Traffic Safety Administration. The current study is the first to use real-time driving data to quantify the extent to which visual inattention—the amount of time a teen’s eyes shift from the road to various distractions—contributes to the risk of a crash.

Researchers followed 82 newly licensed teen drivers in Virginia over a one-year period, equipping their vehicles with cameras and GPS technology to track the driver’s activity and environment. After one year, 43 of the drivers did not experience a crash, while 25 had one crash and 14 had two or more crashes. Using six-second videos of driver behavior prior to a crash, researchers calculated that for every second that a teen’s eyes were off the road, the risk of a crash increased by 28 percent regardless of the type of distraction. Teens manually using a cell phone doubled their odds of crashing. Teens who were reaching for something while driving increased their risk nearly sevenfold, which researchers attributed to a combination of distractions, including taking their eyes off the road and their hands off the wheel.

“Teenage drivers are so comfortable with mobile devices that they tend to overestimate their ability to multitask while driving,” said Bruce Simons-Morton, M.P.H., Ed.D., a senior investigator at NIH’s Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD) and one of the authors of the study.

In addition to documenting a driver’s dialing, texting, browsing or reaching for a phone, researchers assessed numerous “secondary tasks,” including dancing to music, attending to personal hygiene, and eating or drinking. The study found that the greatest crash risk came from visual distractions related to using cell phones and reaching for objects.

“During their first year of independent driving, teens often engage in many different activities behind the wheel that could lead to a crash,” said Pnina Gershon, Ph.D., the study’s lead author. “Teenage drivers may benefit from interventions that monitor and alert them during frequent or prolonged inattention to the road.” 

ARTICLE:
Gershon P, Sita R, Zhu C, Ehsani J, Klauer S, Dingus T, and Simons-Morton B, Distracted Driving, Visual Inattention and Crash Risk among Teenage Drivers. American Journal of Preventative Medicine. 2018.

About the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD): NICHD conducts and supports research in the United States and throughout the world on fetal, infant and child development; maternal, child and family health; reproductive biology and population issues; and medical rehabilitation. For more information, visit NICHD’s website.

About the National Institutes of Health (NIH): NIH, the nation’s medical research agency, includes 27 Institutes and Centers and is a component of the U.S. Department of Health and Human Services. NIH is the primary federal agency conducting and supporting basic, clinical, and translational medical research, and is investigating the causes, treatments, and cures for both common and rare diseases. For more information about NIH and its programs, visit http://www.nih.gov.

SOURCE National Institutes of Health (NIH)

St. Jude Children’s Research Hospital® raises record $4.6 million during national radio event with Univision

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Luis Coronel with St. Jude patient Ashley.

MEMPHIS, Tennessee, Feb. 26, 2019 /PRNewswire-HISPANIC PR WIRE/ — St. Jude Children’s Research Hospital® raised a record $4.6 million dollars during this year’s Promesa y Esperanza® (Promise and Hope) radio event held on February 7th and 8th in 15 media markets in the U.S. with Univision radio stations. Thanks to events such as this one, 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.

Luis Coronel with St. Jude patient Ashley.

During the event, thousands of Univision radio listeners across the U.S. called in or went online to become Angeles de Esperanza (Angels of Hope), joining the #ThisShirtSavesLives movement by pledging to make a monthly donation of $20 or more to support the St. Jude mission. St. Jude is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. 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.

“It’s an incredible privilege to partner with St. Jude Children’s Research Hospital each year for the Promesa y Esperanza radio event. We are proud to give a platform to the #ThisShirtSavesLives movement and to help our community support St. Jude’s important mission,” said Jesus Lara, president of radio at Univision Communications Inc. “By donating and wearing the THIS SHIRT, our community continues to demonstrate its incredible heart and commitment to helping St. Jude end childhood cancer not just in the U.S., but worldwide.”

The on-air push extended beyond radio, with several Univision regional and national television shows, as well as Univision online, adding support to the effort. The event coincided with a campaign encouraging Univision listeners, talent and St. Jude celebrity friends to participate by wearing and sharing photos in their THIS SHIRT on social media.

Several artists, influencers and popular Univision on-air personalities participated in the St. Jude event, including: Omar Velasco and Argelia Atilano of “El show de Omar y Argelia”; Sylvia del Valle of “La Bronca”; José Gutierrez of “El Tambochi” and Carlos Iván Páez “El Compa Iván” of El Free-Güey; Raúl Molinar, Carla Medrano and Andrés Maldonado of “El Bueno, La Mala y El Feo”; Alejandro González and Maikel Rodríguez of “Los Pichy Boys”; Javier Romero of “Desayuno Musical”; Alberto Sardiñas of “El Show de Alberto Sardiñas”; Raúl Brindis of “El Show de Raúl Brindis”; Maria Esther Méndez and Pancho Mercado of “La Chula y La Bestia”; Santi and  Laurita of AMOR 107.5; Raúl De Molina, Lili Estefan and Tanya Charry of “El Gordo y La Flaca”; Tony Dandrades, Pamela Silva Conde, Jackie Guerrido, Borja Voces of “Primer Impacto”; Francisca Lachapel, Alan Tacher, Maity Interiano and Chef Jesús of “Despierta América”; as well as Gabriela Bañuelos, Cristy Clavijo-Kish, Ana Flores, Gaby Natale, Carmen Ordoñez, members of the World Boxing Council and more.

Some of the many participating Latin artists included: Luis Fonsi, Banda El Recodo, Ednita Nazario, Luis Coronel, Virlán García, Sebastián Yatra, Calibre 50, Banda MS, Cristian De La Fuente, Kany García, Alejandra Espinoza, Intocable, Grupo Duelo, Gaby Espino, Paty Cantú, Tommy Torres, Karla Monroig, Zuleyka Rivera, Mau y Ricky, CNCO, Elizabeth Gutiérrez, Gerardo Ortiz, El Fantasma, Voz de Mando, Adriel Favela, Ulices Chaidez, Banda Los Sebastianes, Lupita Infante, Grupo Control, Natalia Jimenez, Saúl El Jaguar, Marilyn Odessa, Regulo Caro, Chiquis Rivera, Energía Norteña, Brandon Solano, Cheli Madrid, Oliver Ortiz, Pedro Capo, Willy Martin, Los Luzeros, German Montero, Adriel Favela, Jonatan Sanchez, Victoria Ortiz “La Mala,” Junior Felix, Banda Los Recoditos and Banda La Maravillosa, among others.

St. Jude began celebrating radiothons in 1998 and launched the first national radiothon with Univision’s radio stations in New York, Miami, and Los Angeles in 2006. The national radiothon first took place across all Univision’s radio markets in 2009. Since its inception, the St. Jude/Univision national event has raised more than $65 million.

“Our founder Danny Thomas believed that ‘no child should die in the dawn of life,’ which is one of the driving forces in St. Jude’s aim to transform cancer care worldwide to cure at least 60 percent of children with six of the most common types of cancer by 2030,” said Richard C. Shadyac Jr., the president and chief executive officer of ALSAC, the fundraising and awareness organization for St. Jude Children’s Research Hospital. “We’re able to pursue these ambitions in partnership with others because of the amazing support of our friends at Univision and the Angeles de Esperanza. Together we won’t stop until no child dies from cancer.”

To join the THIS SHIRT SAVES LIVES movement, visit stjude.org/camiseta.

About 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 and Instagram and subscribing to its YouTube channel.

St. Jude Children's Research Hospital Logo

Photo – https://mma.prnewswire.com/media/827215/Luis_Coronel_con_Ashley__paciente_de_St__Jude.jpg
Logo – https://mma.prnewswire.com/media/613525/St_Jude_Childrens_Research_Hospital_Logo.jpg

SOURCE ALSAC/St. Jude Children’s Research Hospital

(Español) Cómo luchar contra el acoso sexual en la vivienda

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Sorry, this entry is only available in Español.

“Lunes De Motores” Ignites Engines With The Most Amazing Classic Car Makeovers

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ZAKY GARAGE enciende los "Lunes de Motores" con las renovaciones más increíbles de autos clásicos hechas en México/ Headed by one of the most prestigious teams in Mexico, ZAKY GARAGE combines restorations, ingenuity, and the most mind-blowing creations on wheels

MIAMI, Feb. 26, 2019 /PRNewswire-HISPANIC PR WIRE/ — A state of the art automobile workshop in Mexico City sets the stage for ZAKY GARAGE, where young charismatic engineer Zaky Ibrahim creates and restores refined classic cars in the new Discovery en Español series premiering March 11 at 10pm E/P.

ZAKY GARAGE enciende los "Lunes de Motores" con las renovaciones más increíbles de autos clásicos hechas en México/ Headed by one of the most prestigious teams in Mexico, ZAKY GARAGE combines restorations, ingenuity, and the most mind-blowing creations on wheels

Ibrahim, an engine and speed lover, puts his heart into everything he does, and automobile conversions and restoration are his passions. He is a positive, motivational, and loyal leader who listens to his clients and collaborators, but his controlling personality can trigger his temper when deadlines are not met or things do not go as planned. Together with his wife Giselle and an eclectic group of mechanics, Zaky faces demanding clients and automotive challenges plus one goal: turn his brand-new workshop into the most prestigious shop in the country.

Some of the classic wonders restored in this new original production include a legendary Shelby Cobra sports car for actress Bárbara de Regil, a Kombi Dodge A100 for Molotov rock star Paco Ayala, and one of the world’s most desired cars for influencer Franky Monstro.

ZAKY GARAGE is produced by DrakoMedia and headed by Gerardo Brandy. Michela Giorelli and Rafael Rodríguez are the executive producers for Discovery en Español. The new series will also be available in the “Discovery en Español GO” app. For more information, visit facebook.com/discoveryenespanol and Instagram @discoveryenespanol.

About Discovery en Español
Discovery en Español connects Spanish-speaking viewers in the U.S. to the world and all its wonder and possibilities. It provides quality programming focusing on bold storytelling across core genres including adventure, ingenuity, natural history, investigation and current affairs. Created by Discovery Communications, Discovery en Español is widely distributed on Hispanic tier packages throughout the country. Discovery reaches audiences across screens through digital first programming from Discovery VR, over the top offerings Eurosport Player and Dplay, as well as TV Everywhere products comprising the GO portfolio of TVE apps and Discovery K!ds Play. It also reaches audiences across screens on the ”Discovery en Español GO”TV Everywhere app Everywhere (Android: http://bit.ly/2w6Spod iOS: http://apple.co/2fiMNE3). For more information, please visit Facebook facebook.com/discoveryenespanol and Instagram @discoveryenespanol.

Discovery en Espanol.

Photo – https://mma.prnewswire.com/media/826659/Zaky_pantalla.jpg 

Logo – https://mma.prnewswire.com/media/183866/discovery_en_espanol_logo.jpg

SOURCE Discovery en Español

Performance and Design Highlight the All-New 2020 Toyota Corolla

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The 12th-generation Toyota Corolla's bold new look brings efficiency, no matter the grade.

SAVANNAH, Georgia, Feb. 26, 2019 /PRNewswire-HISPANIC PR WIRE/ — With more than 46 million Toyota Corollas sold globally since its introduction in 1966, it would be difficult to find a driver who did not recognize the name. Everyone, it seems, has a Corolla story. Many, though, are going to be doing double takes when they see the re-imagined and reconfigured 2020 Toyota Corolla sedan. And that’s exactly the point.

The 12th-generation Toyota Corolla's bold new look brings efficiency, no matter the grade.

The 12th-generation Toyota Corolla made its arrival in three chapters: the all-new Corolla hatchback arrived last summer, and then came the current best-selling Corolla body style, the sedan, in two waves – a reveal of the new gas model in Carmel and then the introduction of the U.S.’ first Corolla Hybrid at the Los Angeles Auto Show. All three are based on the Toyota New Global Architecture (TNGA), which is far more than a new body structure, bringing together new approaches to engineering, design, assembly, and materials. Now, there really is a Corolla for everyone.

TNGA transforms Corolla styles into drivers’ delights while also bolstering the model’s renowned value and reliability. They draw from the same DNA. It’s no surprise, then, that the 2020 Corolla sedan dramatically elevates this model’s focus on comfort and refinement while also infusing it with the Corolla hatchback’s feisty personality.

The Corolla sedan’s bold new look is a perfect reflection of the bumper-to-bumper, wheels-to-roof transformation that has taken place. The TNGA platform means an available engine that produces more power than its predecessor yet delivers better fuel efficiency. TNGA imbues the Corolla sedan with greater agility, yet also with its smoothest, quietest ride. TNGA also means an elevated feeling of quality in every surface, switch and control the driver sees and touches. And, critically, TNGA delivers on Toyota’s commitment to driver and passenger safety with the Toyota Safety Sense 2.0 suite of active safety systems – standard on every Corolla sedan model.

Efficiency No Matter the Grade

Every grade of the 2020 Corolla has better combined fuel efficiency estimates than the previous generation. The L and LE grades have better fuel efficiency estimates in all three categories – city/highway/combined – while the XLE has better fuel efficiency estimates in city and highway and has the same combined fuel economy estimate.

The new Dynamic Force engine, which adds 37 horsepower to the SE and XSE grades over the previous generation models, has an estimated three more combined mpg with the CVT, and an estimated two more combined mpg with the manual transmission.

The Corolla Hybrid, which has the lowest purchase price of any hybrid in the Toyota lineup, has the second-highest mpg estimate of any vehicle in that same lineup.

Grade

MPG City/Highway/Combined

L

30/38/33

LE

30/38/33

LE Hybrid

53/52/52

XLE

29/37/32

SE 6MT

29/36/32

SE CVT

31/40/34

XSE

31/38/34

More Grades, On Sale Soon

All Corolla grades will be in dealerships this March, with the gas grade starting at $19,500 and the Corolla Hybrid starting at $22,950.

COROLLA GAS

COROLLA HYBRID

Model #

Grade

Drive

MSRP 20MY

Model #

Grade

Drive

MSRP 20MY

1866

XSE

FWD

$25,450

1882

LE HV

FWD

$22,950

1856

XLE

FWD

$23,950

1863

SE MT

FWD

$22,650

1864

SE CVT

FWD

$21,950

1852

LE

FWD

$19,950

1832

L

FWD

$19,500

#Toyota #Corolla

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 operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 47,000 people (more than 37,000 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 – and about 87 percent of all Toyota vehicles sold over the past 16 years are still on the road today.  

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]

Toyota logo.

Photo – https://mma.prnewswire.com/media/826348/Toyota_2020_Corolla_Group_Shot.jpg 

Logo – https://mma.prnewswire.com/media/785813/TOYOTA_MEDIA_RELATIONS_LOGO.jpg

SOURCE Toyota Motor North America

Vme TV launches new season of TuBebé with Alessandra Villegas

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Gran Estreno de TuBebé, 26 de Febrero solo por Vme TV!

MIAMI, Feb. 26, 2019 /PRNewswire-HISPANIC PR WIRE/ — Vme TV (Vme Media Inc) announces the premiere of the second season of their hit show TuBebé with Alessandra Villegas.  The new season premieres in the U.S. on Tuesday, February 26 at 10:30 am EST/ 7:30 am PST. The episodes will air every Tuesday and Thursday at the same hour.

Gran Estreno de TuBebé, 26 de Febrero solo por Vme TV!

“We are thrilled with this fresh new season of TuBebé, this program is designed so that the audience gets an informative, practical and fun guide when it comes to parenting”, said Michael Fernandez Vice-President of Marketing for Vme Media.

Doris Vogelmann, Vice-President of Programming added: “TuBebé is a program where key advice is provided by specialists and professionals with diverse areas of expertise related to giving birth and parenthood.”

Babies don’t come with an instruction manual. With TuBebé, you will discover the significance of a baby’s cry, their development, healthy recipes, the best advice regarding breastfeeding and exercise routines without leaving home, among many other tips.

We want to help and be with our audience during this amazing adventure!

The program analyzes and offers the audience a wide variety of topics and tips that can be addressed as they embark on the exciting journey of motherhood. Via the opinions and experiences of specialists in various fields, such as gynecologists, pediatricians, midwives, child psychologists, linguists and nutritionists, TuBebé is the perfect guide for future parents.

ABOUT VME TELEVISION

Vme TV (pronounced veh-meh), is a premiere national Spanish language television network that provides a quality alternative to Latino families by selecting programming that is engaging, empowering, educational and entertaining. Vme is available in 15.5 million households in the United States, distributed via on DIRECTV, DISH Network and AT&T U-verse. It is expected to grow to 20 million by the end of the year through additional cable provider expansion. The 24-hour digital broadcast service is dedicated to entertaining, educating and inspiring families in Spanish with a contemporary mix of original productions, exclusive premieres, acquisitions, and popular public television programs specially adapted for Hispanics. To find your local channel or to learn more about Vme TV, visit www.vmetv.com (http://www.vmetv.com/mediakit) or follow us on social media via www.facebook.com/vmetv or www.twitter.com/vmetv.

Media Contact:
Michael Fernandez
[email protected]
786-924-8330

Photo – https://mma.prnewswire.com/media/826305/TUBebe_Vme_TV.jpg

SOURCE Vme TV

The Home Depot Announces Fourth Quarter and Fiscal 2018 Results; Increases Quarterly Dividend by 32.0 Percent; Announces $15.0 Billion Share Repurchase Authorization; Provides Fiscal 2019 Guidance

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The Home Depot logo.

ATLANTA, Feb. 26, 2019 /PRNewswire-HISPANIC PR WIRE/ — The Home Depot®, the world’s largest home improvement retailer, today reported sales of $26.5 billion for the fourth quarter of fiscal 2018, a 10.9 percent increase from the fourth quarter of fiscal 2017. Comparable sales for the fourth quarter of fiscal 2018 were positive 3.2 percent, and comp sales in the U.S. were positive 3.7 percent.

The Home Depot logo.

The fourth quarter of fiscal 2018 consisted of 14 weeks compared with 13 weeks for the prior year. The 14th week added approximately $1.7 billion in sales for the quarter and the year. The additional week is not included in comparable sales results for the quarter or the year.

Net earnings for the fourth quarter of fiscal 2018 were $2.3 billion, or $2.09 per diluted share, compared with net earnings of $1.8 billion, or $1.52 per diluted share, in the same period of fiscal 2017. The 14th week added approximately $0.21 per diluted share for the quarter and year.

Net earnings for the fourth quarter and the year were negatively impacted by a nonrecurring, pre-tax charge of approximately $247 million, or $184 million after tax equaling $0.16 per diluted share, due to an impairment loss related to certain trade names at Interline Brands.

Fiscal 2018

Sales for fiscal 2018 were $108.2 billion, an increase of 7.2 percent from fiscal 2017. Total company comparable sales for fiscal 2018 increased 5.2 percent, and comp sales in the U.S. were positive 5.4 percent for the year.

Earnings per diluted share in fiscal 2018 were $9.73, compared to $7.29 per diluted share in fiscal 2017, an increase of 33.5 percent.

“We achieved record sales and net earnings in fiscal 2018, while making great progress on the strategic investments we laid out in December of 2017. We focused on enhancing the interconnected retail experience for our customers, providing localized and innovative product, and delivering best in class productivity,” said Craig Menear, chairman, CEO and president. “Our view on the health of the economy and the consumer, as well as the momentum of our strategic investments, supports our belief that we can deliver comparable sales growth of 5.0 percent in fiscal 2019. I would like to thank our associates for their solid execution and exceptional work in service to our customers.”

Dividend Declaration and Share Repurchase Authorization

The Company today announced that its board of directors declared a 32.0 percent increase in its quarterly dividend to $1.36 per share.

“As a testament to our commitment to create value for our shareholders and a demonstration of confidence in the business going forward, the board has increased the dividend for the tenth consecutive year,” said Menear. The dividend is payable on March 28, 2019, to shareholders of record on the close of business on March 14, 2019. This is the 128th consecutive quarter the Company has paid a cash dividend.

The board of directors also authorized a new $15 billion share repurchase program, replacing its previous authorization.

Fiscal 2019 Guidance

The Company provided the following guidance for fiscal 2019, a 52-week year compared to fiscal 2018, a 53-week year:

  • Comparable sales growth of approximately 5.0 percent for the comparable 52-week period
  • Sales growth of approximately 3.3 percent
  • Five net new stores
  • Gross margin of approximately 34.0 percent
  • Operating margin of approximately 14.4 percent
  • Net interest expense of approximately $1.2 billion
  • Tax rate of approximately 25.5 percent
  • Share repurchases of approximately $5.0 billion
  • Diluted earnings-per-share growth of approximately 3.1 percent to $10.03
  • Capital spending of approximately $2.7 billion
  • Depreciation and amortization expense of approximately $2.3 billion
  • Cash flow from the business of approximately $14.1 billion

Long-Term Financial Targets

Today the Company reaffirms its fiscal 2020 financial targets as follows:

  • Total sales ranging from approximately $115 billion to approximately $120 billion  
  • Operating margin ranging from approximately 14.4 percent to approximately 15.0 percent
  • Return on invested capital of more than 40 percent

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 2,287 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 more than 400,000 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 demand for our products and services; net sales growth; comparable sales; effects of competition; implementation of store, interconnected retail, supply chain and technology initiatives; inventory and in-stock positions; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; issues related to the payment methods we accept; demand for credit offerings; management of relationships with our associates, suppliers and vendors; continuation of share repurchase programs; 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; the effect of accounting charges; the effect of adopting certain accounting standards; the impact of the Tax Cuts and Jobs Act of 2017 and other regulatory changes; store openings and closures; guidance for fiscal 2019 and beyond; financial outlook; and the integration of acquired companies into our organization and the ability to recognize the anticipated synergies and 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 January 28, 2018 and in our subsequent Quarterly Reports on Form 10-Q.

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 (1)

Fiscal Year Ended (2)

in millions, except per share data

February 3,
2019

January 28,
2018

% Change

February 3,
2019

January 28,
2018

% Change

Net sales

$

26,491

$

23,883

10.9

%

$

108,203

$

100,904

7.2

%

Cost of sales

17,464

15,790

10.6

71,043

66,548

6.8

Gross profit

9,027

8,093

11.5

37,160

34,356

8.2

Operating expenses:

Selling, general and administrative

4,922

4,440

10.9

19,513

17,864

9.2

Depreciation and amortization

480

464

3.4

1,870

1,811

3.3

Impairment loss

247

247

Total operating expenses

5,649

4,904

15.2

21,630

19,675

9.9

Operating income

3,378

3,189

5.9

15,530

14,681

5.8

Interest and other (income) expense:

Interest and investment income

(20)

(23)

(13.0)

(93)

(74)

25.7

Interest expense

269

269

1,051

1,057

(0.6)

Other

16

16

Interest and other, net

265

246

7.7

974

983

(0.9)

Earnings before provision for income 
     taxes

3,113

2,943

5.8

14,556

13,698

6.3

Provision for income taxes

769

1,164

(33.9)

3,435

5,068

(32.2)

Net earnings

$

2,344

$

1,779

31.8

%

$

11,121

$

8,630

28.9

%

Basic weighted average common shares

1,116

1,160

(3.8)

%

1,137

1,178

(3.5)

%

Basic earnings per share

$

2.10

$

1.53

37.3

$

9.78

$

7.33

33.4

Diluted weighted average common shares

1,121

1,167

(3.9)

%

1,143

1,184

(3.5)

%

Diluted earnings per share

$

2.09

$

1.52

37.5

$

9.73

$

7.29

33.5

Three Months Ended (1)

Fiscal Year Ended (2)

Selected Sales Data (3)

February 3,
2019

January 28,
2018

% Change

February 3,
2019

January 28,
2018

% Change

Customer transactions (in millions)

394.8

366.5

7.7

%

1,620.8

1,578.6

2.7

%

Average ticket

$

65.59

$

64.00

2.5

$

65.74

$

63.06

4.2

Sales per square foot

$

414.17

$

394.87

4.9

$

446.86

$

417.02

7.2

—————

(1)

Three months ended February 3, 2019 include 14 weeks. Three months ended January 28, 2018 include 13 weeks.

(2)

Fiscal year ended February 3, 2019 includes 53 weeks. Fiscal year ended January 28, 2018 includes 52 weeks.

(3)

Selected Sales Data does not include results for Interline Brands, Inc., which was acquired in fiscal 2015.

 

 

THE HOME DEPOT, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

in millions

February 3,
2019

January 28,
2018

Assets

Cash and cash equivalents

$

1,778

$

3,595

Receivables, net

1,936

1,952

Merchandise inventories

13,925

12,748

Other current assets

890

638

Total current assets

18,529

18,933

Net property and equipment

22,375

22,075

Goodwill

2,252

2,275

Other assets

847

1,246

Total assets

$

44,003

$

44,529

Liabilities and Stockholders’ Equity

Short-term debt

$

1,339

$

1,559

Accounts payable

7,755

7,244

Accrued salaries and related expenses

1,506

1,640

Current installments of long-term debt

1,056

1,202

Other current liabilities

5,060

4,549

Total current liabilities

16,716

16,194

Long-term debt, excluding current installments

26,807

24,267

Other liabilities

2,358

2,614

Total liabilities

45,881

43,075

Total stockholders’ (deficit) equity

(1,878)

1,454

Total liabilities and stockholders’ (deficit) equity

$

44,003

$

44,529

 

 

THE HOME DEPOT, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Fiscal Year Ended (1)

in millions

February 3,
2019

January 28,
2018

Cash Flows from Operating Activities:

Net earnings

$

11,121

$

8,630

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

Depreciation and amortization

2,152

2,062

Stock-based compensation expense

282

273

Impairment loss

247

Changes in working capital, net of acquisition effects

(687)

554

Changes in deferred income taxes

26

92

Other operating activities

(103)

420

Net cash provided by operating activities

13,038

12,031

Cash Flows from Investing Activities:

Capital expenditures, net of non-cash capital expenditures

(2,442)

(1,897)

Payments for business acquired, net

(21)

(374)

Proceeds from sales of property and equipment

33

47

Other investing activities

14

(4)

Net cash used in investing activities

(2,416)

(2,228)

Cash Flows from Financing Activities:

(Repayments of) proceeds from short-term debt, net

(220)

850

Proceeds from long-term debt, net of discounts

3,466

2,991

Repayments of long-term debt

(1,209)

(543)

Repurchases of common stock

(9,963)

(8,000)

Proceeds from sales of common stock

236

255

Cash dividends

(4,704)

(4,212)

Other financing activities

(26)

(211)

Net cash used in financing activities

(12,420)

(8,870)

Change in cash and cash equivalents

(1,798)

933

Effect of exchange rate changes on cash and cash equivalents

(19)

124

Cash and cash equivalents at beginning of period

3,595

2,538

Cash and cash equivalents at end of period

$

1,778

$

3,595

—————

(1)

Fiscal year ended February 3, 2019 includes 53 weeks. Fiscal year ended January 28, 2018 includes 52 weeks.

 

 

THE HOME DEPOT, INC.

ASU NO. 2014-09 IMPACT OF ADOPTION

(Unaudited)

The Company adopted ASU No. 2014-09, which pertains to revenue recognition, in the first quarter of fiscal 2018. The following table shows the impact of adopting ASU No. 2014-09 on the consolidated statements of earnings for the three and twelve month periods ended February 3, 2019. The implementation of this accounting standard resulted in an increase in net sales, gross profit, selling, general and administrative, and total operating expenses and a decrease in cost of sales. There was no impact on operating income, net earnings, or earnings per share.

Three Months Ended February 03, 2019 (1)

in millions

As

Reported

% of

Net Sales

ASU No. 2014-
09
Impact

Excluding
ASU No. 2014-
09 Impact

% of

Net Sales

Net sales

$

26,491

100.0

%

$

86

$

26,405

100.0

%

Cost of sales

17,464

65.9

(82)

17,546

66.4

Gross profit

9,027

34.1

168

8,859

33.6

Selling, general and administrative

4,922

18.6

168

4,754

18.0

Total operating expenses

5,649

21.3

168

5,481

20.8

Fiscal Year Ended February 03, 2019 (2)

in millions

As

Reported

% of

Net Sales

ASU No. 2014-
09
Impact

Excluding
ASU No. 2014-
09 Impact

% of

Net Sales

Net sales

$

108,203

100.0

%

$

216

$

107,987

100.0

%

Cost of sales

71,043

65.7

(382)

71,425

66.1

Gross profit

37,160

34.3

598

36,562

33.9

Selling, general and administrative

19,513

18.0

598

18,915

17.5

Total operating expenses

21,630

20.0

598

21,032

19.5

—————

(1)   Three months ended February 3, 2019 include 14 weeks.

(2)   Fiscal year ended February 3, 2019 includes 53 weeks.

 

 

THE HOME DEPOT, INC.

ASU NO. 2014-09 IMPACT OF ADOPTION

(Unaudited)

The Company adopted ASU No. 2014-09, which pertains to revenue recognition, in the first quarter of fiscal 2018. The following table shows the impact of adopting ASU No. 2014-09 on the consolidated balance sheet as of February 3, 2019.

February 3, 2019

in millions

As

Reported

ASU No. 2014-
09
Impact

Excluding
ASU No. 2014-
09 Impact

Assets

Receivables, net

$

1,936

$

(40)

$

1,976

Other current assets

890

256

634

Total current assets

18,529

216

18,313

Total assets

44,003

216

43,787

Liabilities and Stockholders’ Equity

Other current liabilities

$

5,060

$

117

$

4,943

Total current liabilities

16,716

117

16,599

Other liabilities

2,358

24

2,334

Total liabilities

45,881

141

45,740

Total stockholders’ deficit

(1,878)

75

(1,953)

Total liabilities and stockholders’ deficit

44,003

216

43,787

 

 

THE HOME DEPOT, INC.

PRO FORMA EFFECT OF ASU NO. 2014-09

(Unaudited)

The Company adopted ASU No. 2014-09, which pertains to revenue recognition, in the first quarter of fiscal 2018 using the modified retrospective method. In accordance therewith, financial information prior to fiscal 2018 will not be recast as the modified retrospective method does not permit recasting pre-adoption financial information. The following tables present selected as-reported financial results and the pro forma effect of ASU No. 2014-09 as if the recognition and presentation guidance in the accounting standard had been applied in fiscal 2017. There was no impact on operating income, net earnings, or earnings per share. The fiscal 2017 pro forma financial information included in the tables below is presented for informational purposes only.

Three Months Ended April 30, 2017

in millions

As

Reported

% of

Net Sales

ASU No. 2014-
09
Effect

Including
ASU No. 2014-
09 Effect

% of

Net Sales

Net sales

$

23,887

100.0

%

$

48

$

23,935

100.0

%

Cost of sales

15,733

65.9

(90)

15,643

65.4

Gross profit

8,154

34.1

138

8,292

34.6

Selling, general and administrative

4,361

18.3

138

4,499

18.8

Total operating expenses

4,805

20.1

138

4,943

20.7

Three Months Ended July 30, 2017

in millions

As

Reported

% of

Net Sales

ASU No. 2014-
09
Effect

Including
ASU No. 2014-
09 Effect

% of

Net Sales

Net sales

$

28,108

100.0

%

$

33

$

28,141

100.0

%

Cost of sales

18,647

66.3

(114)

18,533

65.9

Gross profit

9,461

33.7

147

9,608

34.1

Selling, general and administrative

4,549

16.2

147

4,696

16.7

Total operating expenses

4,998

17.8

147

5,145

18.3

Three Months Ended October 29, 2017

in millions

As

Reported

% of

Net Sales

ASU No. 2014-
09
Effect

Including
ASU No. 2014-
09 Effect

% of

Net Sales

Net sales

$

25,026

100.0

%

$

44

$

25,070

100.0

%

Cost of sales

16,378

65.4

(85)

16,293

65.0

Gross profit

8,648

34.6

129

8,777

35.0

Selling, general and administrative

4,514

18.0

129

4,643

18.5

Total operating expenses

4,968

19.9

129

5,097

20.3

Three Months Ended January 28, 2018

in millions

As

Reported

% of

Net Sales

ASU No. 2014-
09
Effect

Including
ASU No. 2014-
09 Effect

% of

Net Sales

Net sales

$

23,883

100.0

%

$

41

$

23,924

100.0

%

Cost of sales

15,790

66.1

(85)

15,705

65.6

Gross profit

8,093

33.9

126

8,219

34.4

Selling, general and administrative

4,440

18.6

126

4,566

19.1

Total operating expenses

4,904

20.5

126

5,030

21.0

Fiscal Year Ended January 28, 2018

in millions

As

Reported

% of

Net Sales

ASU No. 2014-
09
Effect

Including
ASU No. 2014-
09 Effect

% of

Net Sales

Net sales

$

100,904

100.0

%

$

166

$

101,070

100.0

%

Cost of sales

66,548

66.0

(374)

66,174

65.5

Gross profit

34,356

34.0

540

34,896

34.5

Selling, general and administrative

17,864

17.7

540

18,404

18.2

Total operating expenses

19,675

19.5

540

20,215

20.0

 

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SOURCE The Home Depot

EmblemHealth Family of Companies Announces Affiliation with BronxDocs Primary and Specialty Care

0
EmblemHealth_Logo

NEW YORK, Feb. 25, 2019 /PRNewswire-HISPANIC PR WIRE/ — EmblemHealth, one of the nation’s largest non-profit health insurers, announced today an affiliation with BronxDocs. BronxDocs opened two new offices delivering primary and specialty care to the more than 1.4 million residents of the borough. A third location will open in the Fall. 

The affiliation with BronxDocs extends to members of EmblemHealth as well as other community members’ access to convenient, best-in-class primary and specialty care services in the Bronx.

“We are pleased to return to the Bronx and affiliate our medical group AdvantageCare Physicians with top-tier BronxDocs physicians and nurses who have such deep roots in the community,” said Karen Ignagni, President and CEO of EmblemHealth. “The affiliation with BronxDocs ensures that the Bronx community has access to clinicians they know and trust, and that those clinicians are empowered with modern tools, technology and an electronic medical record that follows the patient.”

EmblemHealth and BronxDocs share the belief that community-based care is an important factor in achieving good health.

“BronxDocs takes a patient-centered approach to patient care that delivers on a promise to treat the patient with compassionate, quality and culturally sensitive care,” said Neal Polan, Executive Director of BronxDocs.  “Our clinical support team and our doctors are excited to expand our reach through this new partnership, bringing scale to our full-service primary and specialty practice.”

The affiliation brings together trusted community partners to deliver a full scope of primary care and specialty services and solutions right in the neighborhoods where people need it most. Services include: Cardiology, Cardiovascular, Family Medicine, Gastroenterology, Gynecology, Internal Medicine, Laboratory, Ophthalmology, Orthopedics, Pediatrics, Physical Therapy, Podiatry, Pulmonology, Urology, and more.

With the opening of the third location on Westchester Ave in the Fall, the BronxDocs locations will include:

  • 326 E. 149th Street, Bronx, NY 10451
  • 932 Southern Boulevard, Bronx, NY 10459
  • 2044 Westchester Avenue, Bronx, NY 10462 (Opening Fall 2019)

For more information, visit www.EmblemHealth.com.

About EmblemHealth

EmblemHealth is one of the nation’s largest nonprofit health insurers, with 3.1 million members and an 80-year legacy of serving New York’s communities. The company offers a full range of commercial and government-sponsored health plans to employers, individuals and families, as well as convenient community resources. As a market leader in value-based care, EmblemHealth partners with top doctors and hospitals to deliver quality, affordable care. For more information, visit emblemhealth.com.

Contact
Kimberly Kann
EmblemHealth
[email protected]

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SOURCE EmblemHealth

If you purchased New Balance “Made in USA” labeled shoes, a proposed class action settlement may affect your rights. Read this notice carefully because it explains decisions and actions you must take now

0

LOS ANGELES, Feb. 22, 2019 /PRNewswire-HISPANIC PR WIRE/ –The following statement is being issued by Schneider Wallace Cottrell Konecky Wotkyns LLP and The Wand Law Firm, P.C. regarding the New Balance “Made in USA” Class Action Settlement.

Dashnaw, et al. v. New Balance Athletics, Inc., United States District Court for the Southern District of California, Case No. 3:17-cv-00159-L-JLB. SUMMARY CLASS ACTION SETTLEMENT NOTICE. A federal court authorized this notice. This is not a solicitation from a lawyer.

ARE YOU AFFECTED?
You may be a class member if you purchased at least one pair of eligible New Balance shoe models labeled as “Made in USA” from December 27, 2012 through January 24, 2019 in California. A list of eligible shoe models can be found at www.shoesettlement.com.

WHAT IS THIS CASE ABOUT?
This lawsuit claims that New Balance violated certain consumer protection laws in the marketing, labeling, and sale of its “Made in USA” Shoes. New Balance denies it did anything wrong. The court did not decide which side was right. Instead, the parties decided to settle.

WHAT DOES THIS SETTLEMENT PROVIDE?
Monetary Compensation
The settlement will provide a fund of $750,000 that, subject to court approval, will be used to pay (i) valid and approved claims submitted by class members; (ii) the costs and expenses associated with this Notice and claims administration; and (iii) enhancement payments to named plaintiffs for their assistance in this lawsuit on behalf of the class. If these payments are approved by the court, it is estimated that $515,000 will be available to satisfy the claims of class members. The maximum payment to each class member is $10 for each pair of qualifying shoes, with a maximum of $50 per person and $100 per household. The amount may decrease pro rata, if the total number of valid claims exceeds $515,000.

Changes to Business Practices
Under the settlement, New Balance must change the way it labels its shoes as “Made in USA.”

HOW DO YOU ASK FOR A PAYMENT?
To get a payment under the settlement, you must submit a claim form that includes information about your purchase of qualifying shoes. Claim forms can be found at www.shoesettlement.com.

Claim Forms must be submitted no later than June 6, 2019 online at www.shoesettlement.com or by mail to Heffler Claims Group, Re: Dashnaw, et al. v. New Balance Athletics, Inc., P.O. Box 42220, Philadelphia, PA 19101-2220. 

WHAT ARE YOUR OPTIONS?
If you purchased a qualifying pair of shoes, you may (1) do nothing; (2) send in your claim; (3) exclude yourself; and/or (4) object to the settlement.

If you do nothing, you will not receive any payment from the settlement, however, you will be bound by the settlement’s release and waiver of claims summarized below in the paragraph titled “What Do You Give up If You Stay in the Class?”

If you want to receive a payment from the settlement, you must send in your claim as instructed above. You will be bound by the settlement’s release and waiver of claims summarized below in the paragraph titled “What Do You Give up If You Stay in the Class?”

If you don’t want to be bound by the settlement, you must submit a form that states you want to be excluded from this class action lawsuit. If you exclude yourself, you will not get a payment from the settlement, but you will preserve all rights to sue New Balance on your own.

Exclusion forms can be found at www.shoesettlement.com. They must be submitted no later than June 6, 2019 online at www.shoesettlement.com or by mail to Heffler Claims Group, Re: Dashnaw, et al. v. New Balance Athletics, Inc., P.O. Box 42220, Philadelphia, PA 19101-2220.

If you do not exclude yourself, you may object to the settlement or any part of it. Even if you object, you can still receive payment from the settlement, if you timely submit your claim. If you wish to object, you should file your objection with the court no later than June 14, 2019. For instructions about how to object, refer to the section below titled “How Can You Get More Information?”

WHAT DO YOU GIVE UP IF YOU STAY IN THE CLASS?
If you do not exclude yourself, by doing nothing, submitting a claim form, or objecting to the settlement, you will give up your right to sue New Balance on your own for any claims based on the qualifying shoe purchases.

The complete Release and Waiver of Claims provision is included in the Amended Settlement Agreement. For instructions to access it, refer to the section below, titled “How Can You Get More Information?”

LEGAL REPRESENTATION
The court has appointed Jason H. Kim of Schneider Wallace Cottrell Konecky Wotkyns LLP and Aubry Wand of The Wand Law Firm, P.C. to represent the class for purposes of the settlement. You have the right to retain your own attorney to represent you in this lawsuit at your own expense, or represent yourself without an attorney. Any class member who does not enter an appearance through an attorney or on his or her own behalf will automatically be represented by class counsel.

THE COURT WILL HOLD A HEARING on July 15, 2019 at 10:30 a.m. in the United States District Court for the Southern District of California, before the Honorable M. James Lorenz in Courtroom 5B, Edward J. Schwartz U.S. Courthouse, located at 221 West Broadway, San Diego, California 92101. The court will consider certification of this lawsuit as a class action for settlement purposes, whether to approve the proposed settlement as fair, reasonable, and adequate, and whether to grant the motion for attorneys’ fees and costs of up to $650,000 to class counsel, and enhancement payments of up to $5,000 to each of the three named plaintiffs for their assistance in this lawsuit on behalf of the class. The motion for attorneys’ fees and costs and enhancement payments will be available for review before you decide whether to exclude yourself or object. For instructions on how to access it, refer to the section below, titled “How Can You Get More Information?” You may appear at the hearing, but you don’t have to. If you do not appear, you will be represented by class counsel.

The court may change the date and/or time of the hearing and/or the matter may be submitted on the briefs without further notice. If you are planning to attend, you should confirm the date and time in advance.

HOW CAN YOU GET MORE INFORMATION?
For more information, and to obtain copies of the full-length notice of the class action settlement, the Amended Settlement Agreement and other documents filed in this lawsuit, you can visit the settlement website www.shoesettlement.com, call toll free (844) 271-4789, write to Heffler Claims Group, Re: Dashnaw, et al. v. New Balance Athletics, Inc., P.O. Box 42220, Philadelphia, PA 19101-2220, or contact the class counsel at the information listed on the settlement website.

 

SOURCE Schneider Wallace Cottrell Konecky Wotkyns LLP; The Wand Law Firm, P.C.