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Cal/OSHA Urges Employers to Protect Outdoor Workers as Temperatures Rise across the State

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OAKLAND, California, July 23, 2018 /PRNewswire-HISPANIC PR WIRE/ — Cal/OSHA urges all employers with outdoor workers to protect their employees by ensuring they are properly trained on how to prevent heat illness. The National Weather Service has issued excessive heat warnings for Southern California today through Thursday, and excessive heat watches for Central and Northern California from Tuesday through Thursday.

“Supervisors and outdoor workers must be trained on how to recognize and respond to the signs and symptoms of heat illness,” said Cal/OSHA Chief Juliann Sum. “Cal/OSHA continues our outreach, consultation and training for workers and employers to ensure that workers are protected from the heat.”

California’s heat illness prevention regulation requires employers with outdoor workers to take the following four steps to prevent heat illness:

  • Plan – Develop and implement an effective written heat illness prevention plan that includes emergency response procedures.
  • Training – Train all employees and supervisors on heat illness prevention.
  • Water – Provide drinking water that is fresh, pure, suitably cool and free of charge so that each worker can drink at least 1 quart per hour, and encourage workers to do so.
  • Shade – Provide shade when workers request it or when temperatures exceed 80 degrees. Encourage workers to take a cool-down rest in the shade for at least five minutes. They should not wait until they feel sick to cool down.

Cal/OSHA urges workers experiencing possible overheating to take a preventative cool-down rest in the shade until symptoms are gone. Workers who have existing health problems or medical conditions that reduce tolerance to heat, such as diabetes, need to be extra vigilant. Some high blood pressure and anti-inflammatory medications can also increase a worker’s risk for heat illness. 

In addition to the other requirements outlined by California’s heat illness prevention regulation, it is crucial that supervisors are effectively trained on emergency procedures in case a worker does get sick. This helps ensure sick employees receive treatment immediately and that the symptoms do not develop into a serious illness or death.

Cal/OSHA’s Heat Illness Prevention special emphasis program, the first of its kind in the nation, includes enforcement of heat regulations as well as multilingual outreach and training programs for California’s employers and workers. Online information on heat illness prevention requirements and training materials are available on Cal/OSHA’s Heat Illness Prevention web page and the Water. Rest. Shade. campaign site. A Heat Illness Prevention e-tool is also available on Cal/OSHA’s website.

Cal/OSHA helps protect workers from health and safety hazards on the job in almost every workplace in California. Employers and workers who have questions or need assistance with workplace health and safety programs can call Cal/OSHA’s Consultation Services Branch at 800-963-9424.

Complaints about workplace safety and health hazards can be filed confidentially with Cal/OSHA district offices. Employees with work-related questions or complaints may contact DIR’s Call Center in English or Spanish at 844-LABOR-DIR (844-522-6734).

Members of the press may contact Erika Monterroza or Lucas Brown at (510) 286-1161, and are encouraged to subscribe to get email alerts on DIR’s press releases or other departmental updates.

The California Department of Industrial Relations, established in 1927, protects and improves the health, safety, and economic well-being of over 18 million wage earners, and helps their employers comply with state labor laws. DIR is housed within the Labor & Workforce Development Agency. For general inquiries, contact DIR’s Call Center at 844-LABOR-DIR (844-522-6734) for help in locating the appropriate division or program in our department.

https://www.facebook.com/CaliforniaDIR   
https://twitter.com/CA_DIR  
http://www.youtube.com/CaliforniaDIR  
http://www.dir.ca.gov/email/listsub.asp?choice=1

SOURCE Cal/OSHA

Albert Rodriguez, COO of Spanish Broadcasting System Joins the Board of Directors as Vice Chair of the National Association of State Latino Chambers of Commerce (NASLCC)

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Albert Rodriguez, COO of Spanish Broadcasting System Joins the Board of Directors as Vice Chair of the National Association of State Latino Chambers of Commerce (NASLCC)

MIAMI, July 23, 2018 /PRNewswire-HISPANIC PR WIRE/ — Albert Rodriguez, COO of Spanish Broadcasting System, Inc., (SBS) (OTCQB: SBSAA), was appointed to the Board of Directors of the National Association of State Latino Chambers of Commerce (NASLCC). Mr. Rodriguez has over 20 years of financial experience at the executive level in the communications, radio and television operations sectors.

Albert Rodriguez, COO of Spanish Broadcasting System Joins the Board of Directors as Vice Chair of the National Association of State Latino Chambers of Commerce (NASLCC)

With more than 50,000 members, the NASLCC is one of the largest corporate membership organizations in the United States.  NASLCC is a coalition of members within the Chambers of Commerce of the United States and Latin America and consists of unique owners, societies, multinational corporations and small businesses that drive the economy of this great nation.

The mission is to help Hispanic professionals and entrepreneurs improve their skills and grow their businesses. NASLCC provides the information, tools, and networking opportunities needed to help establish and grow Hispanic businesses and communities. By joining a tight-knit network of professionals and business experts, and through structured training, Hispanic professionals and entrepreneurs can improve their skills and drive success in their organization.”

“I am honored and privileged that the leadership of the NASLCC has named me to its board,” stated Mr. Rodriguez “As Vice Chair of the largest Latino Chamber of Commerce in America, I am very committed to fostering an environment where New York, Texas, California, Chicago, Florida, Las Vegas, Utah, Puerto Rico, Kansas City can prosper, grow and enter the economic mainstream of business activity in the region. I look forward to joining my fellow board members and working diligently in achieving the Chambers goals and mission.”

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. owns and operates 17 radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Spanish Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Latin Rhythmic format genres. SBS also operates AIRE Radio Networks, a national radio platform which creates, distributes and markets leading Spanish-language radio programming to over 250 affiliated stations reaching 94% of the U.S. Hispanic audience. SBS also owns MegaTV, a television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico. SBS also produces live concerts and events and owns multiple bilingual websites, including LA Musica, a mobile app providing content related to Latin music, entertainment, news and culture. For more information, visit us online at www.spanishbroadcasting.com.

MEDIA CONTACT:

Vladimir Gomez
[email protected] 
(786) 470-1644

Albert Rodriguez, COO of Spanish Broadcasting System Joins the Board of Directors as Vice Chair of the National Association of State Latino Chambers of Commerce (NASLCC)

 

Spanish Broadcasting System Inc. logo.

Photo – https://mma.prnewswire.com/media/721856/Albert_Rodriguez_SBS_COO.jpg
Logo – https://mma.prnewswire.com/media/721857/National_Association_Of_State_Latino_Chambers_Of_Commerce.jpg 
Logo – https://mma.prnewswire.com/media/460768/spanish_broadcasting_system_inc__logo.jpg

SOURCE Spanish Broadcasting System, Inc. (SBS)

An Alternative to a World of ‘Meh’ Hybrids – New Marketing Campaign Introduces the Stylish, Sophisticated, Fuel-Efficient and All-new 2019 Honda Insight

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American Honda Motor Co., Inc.

TORRANCE, Calif., July 23, 2018 /PRNewswire-HISPANIC PR WIRE/ — A multi-channel campaign for the all-new 2019 Honda Insight (https://automobiles.honda.com/insight) beginning today, promises a much-needed alternative to its “Meh” hybrid vehicle competition. Similar to the phrase “Blah,” the term “Meh” is a commonly used expression for a lack of excitement. In the new “Fight Mehdiocrity” campaign, (https://honda.us/WorldofMeh) Honda highlights the uniqueness of the all-new Insight, with its sophisticated and universally appealing sedan styling – while portraying other cars in its class for the feelings they inspire – Meh. Ugh. Blah.

American Honda Motor Co., Inc.

The “Fight Mehdiocrity” campaign makes it clear that drivers don’t need to sacrifice the desire for styling, performance, passenger space and cargo room to achieve great gas mileage. “Fight Mehdiocrity” will air on television starting today and through the fall – when the campaign expands to Honda social and digital platforms, including a series of social videos that will depict the ‘Meh’mobiles’ featured in the TV campaign.

“Our new marketing campaign introduces the all-new Honda Insight as simply a great sedan to demonstrate that a hybrid vehicle can be a beautiful thing,” said Susie Rossick, Assistant Vice President of Honda Marketing at American Honda Motor Co., Inc. “We have created a campaign to show that with the Honda Insight, you can have a fuel-efficient vehicle without compromising great styling and fun-to-drive performance.”

“Fight Mehdiocrity” Campaign Elements
The 2019 Honda Insight marketing campaign begins airing on national TV starting July 23rd, featuring a 30-second ad titled “World of Meh” (https://honda.us/WorldofMeh). To complement national efforts, a mix of high impact out of home ads will announce the sleek, stylish Insight in key markets, including Los Angeles, New York and San Francisco, and in one of the most heavily-trafficked places in the world, outside New York City’s Macy’s Herald Square near the famed Penn Station.

This fall, the Insight campaign’s print, digital and social media extensions ramp up. To maximize awareness, the Insight will be featured in homepage takeovers on sites such as Yahoo!, MSN and YouTube surrounding major sporting events including the NFL Kickoff, NBA Opening Week and the Honda sponsored Little League World Series. The use of social video and rich mobile ad units in this campaign are intended appeal to a younger, active audience. The Insight also will be integrated into various Gimlet lifestyle podcasts to highlight the benefits of hybrid technology through native storytelling content.

The 2019 Honda Insight
The all-new sharply styled, tech-savvy and highly fuel efficient 2019 Honda Insight offers customers a premium driving experience, exceptional fuel economy and advanced standard safety features. The 2019 Insight combines best-in-class passenger space, premium interior appointments, upscale styling and a driving experience that far exceeds its hybrid competition. With 151 horsepower, Insight offers brisk acceleration, yet receives an EPA city rating of 55 mpg (LX/EX trims). Additionally, its comparatively low starting price and generous level of standard features mean Insight buyers don’t have to compromise to save fuel. Available in LX, EX, and Touring trims, all Insight trims come standard with multi-element LED headlights, push-button start, a digital driver’s meter and the Honda Sensing® suite of advanced safety and driver-assistive technologies.

Insight joins the Clarity series and 2018 Accord Hybrid as the fifth new Honda electrified vehicle introduced over the past year. As a premium compact sedan, Insight is positioned and priced between Civic and Accord in Honda’s passenger car lineup.

About Honda
Honda offers a full line of reliable, fuel-efficient and fun-to-drive vehicles with advanced safety technologies sold through over 1,000 independent U.S. Honda dealers. The Honda lineup includes the Fit, Civic, Insight, Accord and Clarity series passenger cars, along with the HR-V, CR-V and Pilot sport utility vehicles, the Ridgeline pickup and the Odyssey minivan.

Honda has been producing automobiles in America for more than 35 years and currently operates 19 major manufacturing facilities in North America. In 2017, more than 90 percent of all Honda brand vehicles sold in the U.S. were made in North America, using domestic and globally sourced parts.

1 Based on 2019 EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle, driving conditions, lithium-ion battery pack age/condition and other factors.

Honda Logo. (PRNewsFoto/American Honda Motor Co., Inc. )

Photo – https://mma.prnewswire.com/media/721260/American_Honda_Motor_Co.jpg

Logo – https://mma.prnewswire.com/media/451598/Honda_Logo.jpg

SOURCE American Honda Motor Co., Inc.

(Español) Con un 47% de votantes independientes como radioescuchas, Radio Caracol 1260AM y 104.7FM prepara programación para elecciones primarias 2018-07-23

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Caracol Radio 1260AM y 104.7FM

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How can you be more focused and clear; double your productivity and generate a greater impact

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MIAMI, July 23, 2018 /PRNewswire-HISPANIC PR WIRE/ — According to the World Health Organization (WHO), about 322 million people are victims of depression and another 264 million suffer from anxiety. While our societies are immersed in chaos; deteriorating mental health statistics are alarming. The collateral economic costs of such afflictions are estimated by the WHO to be a billion dollars a year.

In a brave attempt to help society beat this statistics, the strategist, communicator and bestselling author Ismael Cala presented this week a set of guided meditations entitled “The Map of Dreams,” designed to address our lack of strategies for communicating our goals or ambitions, and sharpening our focus and clarity to project on a personal and professional level.  

“Drawing the map to your dreams, listing your desires and objectives and visualizing what we want; are powerful tools that give us a clear and definite idea of what we really need to do in order to keep the focus on dreams,” explained Cala as he presented the series of four meditations, consisting of:

1 – Introduction – The map to our dreams

2 – Meditation to detox mentally and spiritually

3 – Meditation to empower self-esteem

4 – Meditation to achieve overall good health

5 – Meditation to envision prosperity

According to scientific studies, meditation has been proven as a magnificent healing technique, alleviating depression, reducing chronic pain and stress, increasing concentration and improving memory, among other benefits.

As a recent fact, it was confirmed that meditation was key to help the Thai children and coach be safe and alive while trapped in the cave. By focusing and being calm inside, they could tolerate those days of confinement, cold and hunger until they could be rescued.

“It doesn’t matter if you’ve never meditated or if you are an expert , these meditations take into account our individual path and experience,” said Ismael. He suggested three tips for beginners:

  1. The earlier, the better. The time of day most recommended for meditating is starting your day in the morning.
  2. If you feel like you are falling asleep, change position. If the early hour is still making you sleepy, do not meditate lying down; sit in the lotus position or any comfortable position that will keep you awake.
  3. Receive thoughts as passing. Do not stress yourself when your mind is bombarded with them coming through. Meditating does not leave the mind in blank; it is technically impossible. don’t get hanged up on these thoughts, let them be like waves coming in and out.

“The map of dreams” can be downloaded online at: https://ismaelcala.com/productos/audio/retos-de-meditacion/mapa/

ABOUT ISMAEL CALA

Life and business strategist, businessman and social entrepreneur, journalist, author of eight best-sellers on the topics of leadership, entrepreneurship and personal development, including “The Power of Listening” and “Wake Up with Cala,” and ambassador of the concept of corporate happiness in Latin America, Cala was born in Santiago de Cuba in 1969 and holds a degree in Art History from Oriente University. He coauthored “Beat the Curve” with Brian Tracy. He graduated from the School of Communications at York University in Toronto and has a diploma from Seneca College in Television Production. He is the president and founder of Cala Enterprises Corporation y and the Ismael Cala Foundation.

 

SOURCE Cala Enterprises Corporation

Enterprise Rent-A-Car Now Operating in Dominican Republic

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From L to R: Analie Prieto, general manager of Enterprise franchisee Motor Plan; José Muñiz, Enterprise sales manager; and Michelle Geara, Enterprise marketing manager. (PRNewsfoto/Enterprise Holdings Inc.)

ST. LOUIS, July 20, 2018 /PRNewswire-HISPANIC PR WIRE/ — As part of its ongoing expansion in Latin America and the Caribbean, the world’s largest car rental company has opened four new Enterprise Rent-A-Car locations at the Dominican Republic’s largest airports: 

Enterprise Holdings Inc. owns the Enterprise Rent-A-Car brand, as well as National Car Rental and Alamo Rent A Car. The National brand has been operating in the Dominican Republic since 1974.

From L to R: Analie Prieto, general manager of Enterprise franchisee Motor Plan; José Muñiz, Enterprise sales manager; and Michelle Geara, Enterprise marketing manager. (PRNewsfoto/Enterprise Holdings Inc.)

The Enterprise Rent-A-Car brand made its debut in the Caribbean in 2014 through franchisees in Guadeloupe and Martinique. It expanded into Latin America in 2015, and announced the opening of 22 new locations throughout Belize, Honduras, Mexico, Tortola, Trinidad & Tobago, Turks & Caicos and Uruguay in 2016.

Enterprise Holdings ranks near the top of the global travel industry in terms of revenue, ahead of many airlines and most cruise lines, hotels, tour operators and online travel agencies. Today, the Enterprise, National and Alamo brands operate in more than 90 countries, including 31 in Latin America and the Caribbean.

“The Dominican Republic is an important piece of our planned growth in the region,” said Peter A. Smith, vice president of global franchising at Enterprise Holdings. “And this expansion allows travelers even more access to our world-renowned customer service and convenient rental process.”

Loyalty Program Expansion

Customers traveling to the Dominican Republic – one of the most popular destinations in the Caribbean – also can enjoy more perks and rewards with the expansion of two loyalty programs: Enterprise Plus through the Enterprise Rent-A-Car brand, and the award-winning Emerald Club, through the National Car Rental brand.

“Our brands are continuing to grow internationally, largely due to the continued loyalty of customers,” said Smith. “Increasing the availability of Enterprise Plus and Emerald Club with our new locations in the Dominican Republic is a natural way to thank our customers for their business and further our mission to serve them no matter where they decide to travel.”

This expansion follows both loyalty programs’ introduction in Colombia, Honduras, Jamaica, Peru and Suriname in 2017. The same year, Enterprise Plus was also introduced in Turks & Caicos, Belize, Costa Rica, Guatemala, Mexico, Nicaragua, Tortola, Trinidad & Tobago and Uruguay.

Emerald Club

Through the Emerald Club, members earn vehicle upgrades according to membership level. All Emerald Club members are guaranteed a midsize or above vehicle at the reserved midsize rate. Emerald Club members at the Executive level and above are guaranteed a full-size or larger vehicle at the reserved midsize rate. Members can also choose to earn either free rental days or frequent-traveler miles or points with one of National’s airline or hotel partners.

In addition, Emerald Club members renting in Latin America and the Caribbean can take advantage of Emerald Club Priority Service, which expedites the rental process by offering a dedicated line at the service counter exclusively for Emerald Club members.  Membership is complimentary for all National customers, and individual travelers can easily enroll themselves in the program by clicking the Emerald Club “Join Now” link at www.nationalcar.com.

Enterprise Plus

With every qualifying rental, Enterprise Plus members earn points they can redeem anytime for free rental days in any available vehicle at thousands of participating Enterprise locations worldwide. Points don’t expire as long as the member has one qualifying Enterprise rental in a three-year period. Free rental day awards apply to time and mileage (base rate) only and do not cover taxes, surcharges and concession fees.

Once enrolled, Enterprise Plus members simply use their membership number to book a reservation online at www.enterprise.com, via the Enterprise mobile app or over the phone to receive all member benefits.  As Enterprise Plus members rent more frequently, they can quickly rise to Silver, Gold or Platinum status to gain access to even more reward options until the end of the next program year. Each status level has its own unique set of benefits, such as bonus points and vehicle upgrades. Membership in Enterprise Plus is free, and the loyalty program is open to anyone at least 21 years old.

Enterprise Holdings Corporate Brands Logo. (PRNewsFoto/Enterprise Holdings) (PRNewsfoto/Enterprise Holdings)

 

Photo –https://mma.prnewswire.com/media/721136/Enterprise_Rent_A_Car_Dominican_Republic.jpg
Logo – https://mma.prnewswire.com/media/557711/Enterprise_Holdings_Corporate_Brands_Logo.jpg  

SOURCE Enterprise Holdings Inc.

(Español) “ESPAÑA ES TUYA: GALICIA TIERRA DE ANCESTROS ” serie especial de AMERICA NOTICIAS estrena este lunes, 23 de julio a las 5 y 10 de la noche

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Sorry, this entry is only available in Español.

Celebrate Mexican Independence Day In Las Vegas With World-Renowned Entertainers

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Las Vegas Logo (PRNewsFoto/Las Vegas Convention...)

LAS VEGAS, July 19, 2018 /PRNewswire-HISPANIC PR WIRE/ — Every September, the “Entertainment Capital of the World” invites visitors from around the world to celebrate Mexican Independence Day with a lineup of exciting events and entertainment. Throughout Las Vegas, revelers can enjoy performances by unforgettable headliners, championship boxing and hilarious comedians during the 2018 El Grito festivities.

Las Vegas Logo (PRNewsFoto/Las Vegas Convention...)

World-class Latin performers taking over iconic Vegas venues include:

  • Singer, dancer and actress Jennifer Lopez will bring the heat to her residency at Zappos Theater at Planet Hollywood Resort & Casino, Sept. 12, 14 & 15.
  • Latin music superstar Luis Miguel will perform at The Colosseum at Caesars Palace, Sept. 13-14.
  • Latin heartthrob Enrique Iglesias returns to The Colosseum at Caesars Palace, Sept. 15-16.
  • Mexican group Banda MS and Caifanes will perform at MGM Grand Garden Arena, at the MGM Grand Hotel & Casino, Sept. 14.
  • Carlos Santana will take over the House of Blues inside Mandalay Bay Resort and Casino, Sept. 12 and 14-16 and Sept. 19.
  • The “fluffy” comedian Gabriel Iglesias brings the laughs to The Mirage Hotel & Casino, Sept. 15-16.
  • Chayanne will perform his pop hits at The Chelsea at The Cosmopolitan of Las Vegas, Sept. 14.
  • Felipe Esparza will bring his hilarious standup to The Joint at Hard Rock Hotel & Casino Las Vegas, Sept. 14.
  • Middleweight boxers Canelo Alvarez and Gennady Golovkin will face off again in the ring at T-Mobile Arena, Sept. 15.
  • Romeo Santos will perform at MGM Grand Garden Arena inside the MGM Grand Hotel & Casino, Sept. 15.
  • Mexican mariachi singer Alejandro Fernández will wow audiences at Mandalay Bay Events Center inside Mandalay Bay Resort and Casino, Sept. 15.      

To plan your unforgettable trip to Las Vegas visit www.VisitLasVegas.com.
Images available at press.lvcva.com

About the LVCVA

The Las Vegas Convention and Visitors Authority (LVCVA) is charged with marketing Southern Nevada as a tourism and convention destination worldwide and also with operating the Las Vegas Convention Center and Cashman Center. With nearly 150,000 hotel rooms in Las Vegas alone and more than 11 million square feet of meeting and exhibit space citywide, the LVCVA’s mission centers on attracting ever increasing numbers of leisure and business visitors to the area. Download the virtual reality app, Vegas VR, to experience Las Vegas from your iPhone or Android by visiting http://www.vrtv.vegas/. For more information, go to www.lvcva.com or www.visitlasvegas.com.

Press Contact:
Erin McCleskey, R&R Partners
T: 702.228.0222
[email protected]

Logo – https://mma.prnewswire.com/media/353474/lasvegas_150_rgb_dkblue_Logo.jpg  

SOURCE Las Vegas Convention and Visitors Authority

FIBRA Prologis Announces Second Quarter 2018 Earnings Results

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FIBRA__Logo

MEXICO CITY, July 19, 2018 /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 2018.

HIGHLIGHTS FROM THE QUARTER:

  • Net effective rents on rollover increased 15.1 percent
  • Weighted average customer retention was 87.1 percent
  • Same store cash NOI grew 2.5 percent

Net earnings per CBFI in the second quarter was Ps. 1.3285 (US$0.0709) compared with Ps. 0.6729 (US$0.0352) for the same period in 2017.

Funds from operations (FFO) per CBFI was Ps. 0.4620 (US$0.0263) for the second quarter compared with Ps. 0.5800 (US$0.0303) for the same period in 2017. The current period included an incentive fee paid to FIBRA Prologis’ sponsor of Ps. 0.3215 (US$0.0162) per CBFI. Excluding the incentive fee, FFO per CBFI was Ps. 0.7835 (US$0.0425).

PORTFOLIO LOCATION DRIVES OUTPERFORMANCE

“The operating environment for industrial real estate in Mexico remains healthy and is led by the consumption and manufacturing sectors,” said Luis Gutierrez, CEO, Prologis Property Mexico. “FIBRA Prologis’ focused investment strategy translated into record rent change at lease expiration, and our well-located portfolio is positioned to capture future growth. We expect to build on this momentum as we move in to the second half of the year.”

Operating Portfolio

2Q18

2Q17

Notes

Period End Occupancy 

95.9%

97.3%

Driven by declines in Guadalajara and Tijuana, partially offset by increases in Monterrey and Reynosa

Leases Commenced

2.3 MSF

1.3 MSF

82% of leasing activity is related to renewals mainly in Mexico City and Reynosa markets

Customer Retention

87.1%

89.0%

Net Effective Rent Change

15.1%

13.2%

Led by Mexico City at 18.0%

Cash Same Store NOI

2.5%

3.6%

Lower occupancy and expense recoveries partly offset by higher rents

Same Store NOI

3.9%

1.7%

SOLID FINANCIAL POSITION

At June 30, 2018, FIBRA Prologis’ leverage was 32.8 percent and liquidity was Ps. 6.3 billion (US$318.7 million), which included Ps. 6.1 billion (US$305.0 million) of available capacity on its unsecured credit facility and Ps. 271.9 million (US$13.7 million) of unrestricted cash.

“Our balance sheet is in excellent shape with no near-term maturities and a healthy level of liquidity, which is a result of our risk management strategy,” said Jorge Girault, senior vice president, Finance, Prologis Mexico. “In line with this strategy, the option contract we entered into earlier this year effectively removes any impact from the peso weakening beyond 20MXN per USD for the remainder of the year. With the near-term addressed, we are actively working on addressing our medium- and long-term maturities.”

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 20, 2018, 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 93296072.

A telephonic replay will be available July 20– July 27 at +1 855 859 2056 from the U.S. and Canada or at +1 404 537 3406 from all other countries using conference code 93296072 and security code 31833. 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, 2018, FIBRA Prologis was comprised of 196 logistics and manufacturing facilities in six industrial markets in Mexico totaling 34.6 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

FIBRA Prologis Declares Quarterly Distribution

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(PRNewsfoto/FIBRA Prologis)

MEXICO CITY, July 19, 2018 /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. 374.0 million (US$ 19.8 million), or Ps. 0.5854 per Certificado Bursátil Fiduciario Inmobiliario (“CBFI”) (US$ 0.0310 per CBFI) related to the results of the quarter ending June 30, 2018.

The distribution is payable July 27, 2018, to CBFI holders with an ex-dividend date of July 25, 2018, and a record date of July 26, 2018.

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, 2018, FIBRA Prologis comprised 196 logistics and manufacturing facilities in six industrial markets in Mexico totaling 34.6 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.

(PRNewsfoto/FIBRA Prologis)

 

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SOURCE FIBRA Prologis

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