MoneyGram and Millicom Launch Mobile Wallet Service in El Salvador

May 3, 2016

DALLAS, May 3, 2016 /PRNewswire-HISPANIC PR WIRE/ — As part of its continued commitment to making money transfers easier for customers, MoneyGram (NASDAQ: MGI) has signed an agreement with Millicom, the parent company of Tigo Money, to launch mobile cash receive services into more than 1 million Tigo Money mobile wallets in El Salvador.

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Tigo Money is one of the leading providers of mobile financial services for customers in Latin America. Tigo’s service allows millions of customers to send and receive money domestically, and receive money internationally. Tigo customers can also pay bills, transfer money between people and businesses, use self-top ups, and make merchant payments.

“We’re excited about the opportunity to expand our reach to mobile money accounts in Central America through the partnership with Tigo Money,” says Alex Hoffmann, MoneyGram’s executive vice president of Global Product. “Remittances are an important part of economic development and financial inclusion in the region, and we are thrilled to offer our customers an easy and convenient way to receive funds they depend on from family and friends around the globe.”

Mobile money plays a key role in creating financial inclusion in El Salvador. According to the World Bank, mobile wallets have helped the country to nearly triple the percentage of adults with financial accounts in the last five years. It is estimated that five percent of adults in the country have a mobile money account which represents the highest penetration rate in Latin America.

“Millicom and MoneyGram have a shared goal to increase financial inclusion for those who may not be able to easily utilize traditional bank accounts through innovative, easy and secure mobile financial services which are available in the palm of your hand,” said Ronald Alvarenga, mobile financial services director at Tigo Money’s parent company Millicom. “We are excited about the opportunity to work with MoneyGram as we continue to find new ways to help our customers reduce their need to carry cash and increase their access to convenient and reliable financial products and services.”

Tigo Money has over 4 million mobile money wallets across Latin America. The new agreement between MoneyGram and Millicom includes all of Tigo’s markets in Central and South America. Services are expected to soon be available in other countries such as Honduras, Guatemala, Bolivia, Colombia and Paraguay.

According to the World Bank, $4.3 billion flowed into El Salvador via remittances in 2015, that’s nearly 17 percent of the country’s gross domestic product.

#moneygramnews

About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram Inc. is available at moneygram.com.

Media Contact:
Michelle Buckalew
[email protected]
214-979-1418

www.moneygram.com
www.millicom.com

About Millicom / Tigo

Tigo is the principle commercial brand of Millicom, the telecommunications and media company founded in 1990 that is uniquely focused on 13 emerging and frontier markets.

Tigo operates where there is fast GDP growth, a high proportion of young people and huge opportunities for the adoption of what we call the digital lifestyle. Tigo’s eight Latin American markets account for 90% of Millicom’s revenues. These are Colombia, Paraguay, Bolivia, El Salvador, Nicaragua, Guatemala, Costa Rica and Honduras.

Through Tigo, Millicom sets the pace when it comes to providing innovative and customer-centric digital lifestyle services. These include mobile money services, a fast growing business solutions hub, as well as market leading platforms for digital entertainment and music streaming.

Worldwide, the Tigo brand provides mobile services to more than 62 million customers, passes over seven million homes in cable, and is a global leader in mobile financial services which enable financial inclusion for more than ten million active users.

TIGO Mobile Financial Services

Tigo is one of the global leaders in mobile financial services and its partnerships with money transfer operators offer a convenient, safe, fast and cost-efficient way for customers abroad to send funds directly to Tigo m-wallets. Tigo Money LATAM has 4 million active Mobile Money users and over 11,000 Mobile Money agents.

Rev. Samuel Rodriguez Calls For Individuals To Become Beacons Of Hope This Election

May 3, 2016

National Hispanic Christian Leadership Conference logo.

SACRAMENTO, California, May 3, 2016 /PRNewswire-HISPANIC PR WIRE/ — Rev. Samuel Rodriguez, lead pastor of New Season Church in California and President/CEO of one of the world’s largest Hispanic Evangelical organizations, gives a clarion call for peace and hope amid the current political and social chaos of our world in his newest book, “Be Light: Shining God’s Beauty, Truth, and Hope into a Darkened World” (WaterBrook, ISBN: 987-1-60142-816-5).

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In “Be Light,” Rodriguez acknowledges that today’s world is troubled and in many ways dark, from the current discourse and negative rhetoric of the election cycle to fears of terrorist and medical threats such as Zika. Yet, he calls for everyone – especially people of faith – to rise up and shine light with truth, love and grace.

“In these times when religious liberties are being attacked and there is great pressure for political correctness instead of biblical truths, the Church needs to rise up in all of life’s arenas and become ‘the bright city on a hill,'” writes Rodriguez.

“Be Light” addresses the darkness of hatred, polarization, cultural decadence, religious persecution, disregard for human life and racial tension that currently abound in our nation and presents a timely message in this current political season for people of faith to stand for biblical truth.

“During this presidential campaign we have seen, time and again, vicious personal attacks by political candidates on the character of others, and discussions on issues vital to our nation, such as immigration, religious liberty and the Supreme Court, continue to play out in uncivil and often hatred manners,” said Rodriguez. “It is easy to want to throw your hands in the air and give up on America, but at the end of the day, instead of cursing the darkness, instead of whining about the darkness, instead of complaining about the darkness – why not turn on the light? That’s my call, let’s be light.”

Rodriguez is president of the National Hispanic Christian Leadership Conference, which serves as a representative voice for the more than 100 million Hispanic Evangelicals assembled in over 40,000 U.S. churches and another 500,000 congregations spread throughout the Spanish-speaking diaspora. A number of media outlets, such as CNN and Fox News Channel have deemed him as one of America’s leading Christian and Latino voices, and Newsmax recently included him in the “Top 100 Christian Leaders in America.”

But while Rodriguez represents a Hispanic demographic that both pundits and politicians on both sides of the aisle have determined are key to winning the presidency, “Be Light” shares a message for all Americans.

“We cannot deny we live in dark times…sin, immorality, moral relativism, infanticide, racism, false prophets, watered-down preaching, religious extremism, terror, violence intolerance and disbelief,” Rodriguez opines. “But, when light stands next to darkness, light always wins.”

“Be Light” has been endorsed by a number of leaders including: Dr. Ronnie Floyd, president, Southern Baptist Convention and senior pastor of Cross Church; Robert Morrison, founding senior pastor at Gateway Church; and James Robison, founder and president of LIFE Outreach International. The foreword to the book was written by Roma Downey, producer, celebrated actress and president and chief content officer at LightWorkers Media (a division of MGM Studios).

For more information, visit http://www.BeLightBook.com.

América TeVé Debuts “Rick Sánchez a 90 millas”

May 3, 2016

Carlos Vasallo, President and CEO of LCA Network, welcomes journalist Rick Sanchez

MIAMI, May 3, 2016 /PRNewswire-HISPANIC PR WIRE/ — America CV Network is proud to announce its new TV stake: “Rick Sánchez 90 miles”, a controversial TV program, debuting May 9^th.

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The new program marks the return of well-known Cuban-American anchor, Rick Sánchez, to local television. “The arrival of Sanchez will contribute significantly to enrich the professional and wide news coverage of our company,” said Chairman and CEO of America CV Network, Carlos Vasallo.

“Rick Sánchez 90 miles”, said Mr. Vasallo, “sets a landmark in television with its dynamic and accessible format, its editorial independence and its mission to reveal that part of the story that almost never comes to light: it denounces citizens, crime, political and other scandals, cases of social violence, white collar crimes and the unusual facts which go beyond popular understanding without ignoring the issues of science, technology and communications through social networks.”

For his part, Sanchez, who has a long history in media with MSNBC, CNN and FOX, enjoys huge journalistic prestige in the U.S. and Latin America, and alleges that “90 miles is a new opportunity to question preset schemes; playing an infinite game. It is not winning or losing, but updating our thoughts. Most of all it’s a call for freedom of expression, which respects the views of individuals and forces us to have the courage to tell the truth.”

Mr. Carlos Vasallo said that this project is inserted in the growth of América TeVé, and its goal to serve the Cuban-American and Hispanic general communities in South Florida. Vasallo recalled that in January the viewers welcomed two new programs: “Preparen, Apunten, Voten,” dedicated to the coverage and the daily chronicle of the presidential race for 2016, and “Buenos Dias America,” a refreshing information and entertainment magazine that pleases the public’s mornings.

“Rick Sánchez 90 miles” will air next Monday, at 4 p.m., Monday through Friday, in this new era of America CV Network.

About América TeVé: América TeVé is an independent Spanish language television station based in Miami, FL and owned by America CV Network LLC. América TeVé is committed to serve the Hispanic community by providing 9 hours of high quality news and entertainment programming. América TeVé has on-air distribution in Miami, New York and Puerto Rico. América TeVé can be seen in Miami in channel 48.1 and 41.2, Comcast 12 (Dade County) and Comcast 15 (Broward County), Atlantic 17, Direct TV 41, Dish 41, and Uverse AT&T 48. New York on-air 34.1, and Verizon Fios 479. Puerto Rico on-air 42.1, One Link 41, Choice 21, Claro TV 24, Liberty 24 and Dish 7 (after 7 p.m). For more information about America TeVe visit: www.americateve.com.

National Parks Take The Park Experience To Austin In Celebration Of The @NatlParkService Centennial

May 3, 2016

National Park Foundation. (PRNewsFoto/National Park Foundation)

AUSTIN, Texas, May 3, 2016 /PRNewswire-HISPANIC PR WIRE/ — As part of its 100^th anniversary celebration, the National Park Service will partner with the National Park Foundation to launch a series of special events called Park Exchange designed to bring parks to life in urban areas and demonstrate the diversity of park experiences. The project is part of the #FindYourPark / #EncuentraTuParque movement to build public engagement with national parks during the National Park Service’s 2016 centennial celebration. Today, Andy Roddick will officially kick off Park Exchange with the first event at The University of Texas at Austin. For each event, a national park experience will be conveyed – or exchanged – with one of America’s urban centers.

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The first Park Exchange event on May 3^rd in Austin, Texas will bring the inspiration of one of the oldest natural living things on earth, redwood trees, to one of America’s fastest growing cities. The Exchange will juxtapose the nature of Redwood National and State Parks in California against the architecture of the iconic University of Texas Tower, which soars high at 307 feet above Austin, the height of the tallest redwoods. At the event, people will see projected images of themselves transform into mighty redwoods on the UT Tower, in some cases growing to the height of 307 feet tall. The experience will drive home the message that “you are the parks.”

Two additional Park Exchange events will take place later in the summer. In June, New Orleans Jazz National Historical Park will bring its unifying musical tradition to a city with a vast music culture: Chicago. In August, the series will culminate in New York City, taking the innovation from Thomas Edison National Historical Park in a small New Jersey town, to the iconic big city skyline.

“I’m honored to join the National Park Foundation to celebrate the National Park Service Centennial and help kick off the first Park Exchange event here in Austin. I grew up going to the Everglades and look forward to one day taking my son. Preserving and protecting the national parks – our nation’s greatest treasures – for future generations is an important movement and one that resonates particularly now that I’m a father,” said Andy Roddick.

“Bringing parks to the people is an important aspect of our efforts to engage new audiences in their national parks,” said National Park Service Director Jonathan B. Jarvis. “This series of Park Exchanges will invite people to see themselves in our national parks and expand their understanding of everything that a national park can be.”

“Through the incredibly innovative Park Exchange series, people across the country will experience our parks like never before, literally seeing themselves reflected in a park and watching as parks take over three of our country’s biggest cities,” said Will Shafroth, president of the National Park Foundation, the official charity of America’s national parks. “Thanks to this creative endeavor, people from all walks of life will enjoy discovering how this country’s treasured parks add value to their lives and why it’s so important to ensure their preservation for generations to come.”

“We are honored to help celebrate the centennial for the National Park Service and host the first Park Exchange event on the UT Austin campus, connecting the history and opportunities of the parks with our students,” said Gregory L. Fenves, University of Texas President.

The Park Exchange is part of the Find Your Park/Encuentra Tu Parque movement, which was launched in March 2015 by the National Park Service and the National Park Foundation to celebrate the centennial anniversary of the National Park Service. Inspiring people from all backgrounds to celebrate and support America’s national parks and community-based programs, #FindYourPark invites people to discover and share their own unique connections to our nation’s natural landscapes, vibrant culture, and rich history.

Some of the most admired companies in the world are supporting the National Park Foundation’s efforts for #FindYourPark, including American Express, Budweiser, Subaru, REI, Humana and Disney. Additional partners include Coleman and Coca-Cola.

A calendar of events taking place across the country to celebrate the National Park Service Centennial can be found at FindYourPark.com/Find.

ABOUT THE NATIONAL PARK SERVICE
More than 20,000 National Park Service employees care for America’s 411 national parks and work with communities across the nation to help preserve local history and create close-to-home recreational opportunities. Learn more at www.nps.gov.

ABOUT THE NATIONAL PARK FOUNDATION
The National Park Foundation is the official charity of America’s national parks and nonprofit partner to the National Park Service. Chartered by Congress in 1967, the National Park Foundation raises private funds to help PROTECT more than 84 million acres of national parks through critical conservation and preservation efforts, CONNECT all Americans with their incomparable natural landscapes, vibrant culture and rich history, and INSPIRE the next generation of park stewards. In 2016, commemorating the National Park Service’s 100th anniversary, the Foundation launched The Centennial Campaign for America’s National Parks, a $350 million comprehensive fundraising campaign to strengthen and enhance the future of these national treasures for the next hundred years. Find out more and become a part of the national park community at www.nationalparks.org.

ABOUT GREY NY
Grey New York is the flagship headquarters of Grey, the advertising network of Grey Group, which is led by James R. Heekin III, Chairman and CEO. Grey Group ranks among the largest global communications companies. Its parent company is WPP (NASDAQ : WPPGY). Under the banner of “Grey Famously Effective Since 1917,” the agency serves a blue-chip roster of many of the world’s best known companies: Procter & Gamble, GlaxoSmithKline, Diageo, Kellogg’s, Pfizer, Canon, 3M, NFL, Boehringer Ingelheim, Marriott Hotels & Resorts, Nestlé, Papa John’s and T.J. Maxx. (www.grey.com)

CONTACT:
Alanna Sobel
National Park Foundation
(202) 796-2538 office
[email protected]

Beth Stern
National Park Service
(202) 219-8933 office
[email protected]

Jenna Newmark
GREY
(212) 546-1716 office
[email protected]

Toyota, NCFL expand national learning program to five new cities

May 3, 2016

National Center for Families Learning President and CEO Sharon Darling works with Jasmine He and her grandfather Yun Tong at a recent unveiling of Toyota Family Learning in Louisville, Ky.

LOUISVILLE, Kentucky, May 3, 2016 /PRNewswire-HISPANIC PR WIRE/ — A national two-generation family learning program that aims to provide a solution to the educational challenges facing low-income and ethnically diverse families has expanded from 10 to 15 communities. The following organizations were each awarded a $175,000 grant from Toyota and the National Center for Families Learning (NCFL) to launch Toyota Family Learning:

Village of Promise, Huntsville, Ala.
Broward County Public Schools, Ft. Lauderdale, Fla.
Public Education Foundation, Las Vegas
Louisville Free Public Library Foundation, Louisville, Ky.
Plano Independent School District, Plano, Texas

These cities join programs in Bronx, N.Y.; Cincinnati; Denver; Detroit; Houston; Lincoln, Neb.; Milwaukee; Providence, R.I.; San Mateo, Calif.; and San Pedro, Calif. An end goal to the initiative is to strengthen communities by providing opportunities for participants to both learn together and serve their communities.

Toyota Family Learning is a forward-thinking, four-part approach to two-generation learning. Key areas include: Parent and Child Together (PACT) Time® that focuses on parents and children learning together; parents learning together; family to family mentoring; and, Family Service Learning projects in the community.

Sara Aguirre joined Toyota Family Learning in Louisville with the hope that it will start her on a path to find a better job and improve her family’s quality of life by helping her get her GED® certificate and apply to college. She is learning more English and is relying less on her children to translate.

“My three children and I love PACT Time®,” Aguirre said. “Spending that time together is priceless. I know I am learning how to better help them with their homework. We have fun with it and are a stronger family because of it.”

An independent evaluation found that among families graduating from Toyota Family Learning programs:

90% of parents increased their engagement in their children’s education
96% of parents became better teachers to their children
75% of parents increased their English language skills
34% of parents got a better job

More information on the exponential impact of Toyota Family Learning and NCFL’s two-generation efforts is available here.

“Toyota Family Learning is elevating families and communities nationwide,” said Sharon Darling, president and founder of NCFL. “As parents are empowered through our two-generation approach to education, service learning, and technology training, they are able to engage with their children and form a stronger bond.”

This year, NCFL and Toyota celebrate 25 years of partnership. Since 1991, more than 2 million families across the country have been impacted by programs developed by NCFL – a pioneer in the concept of families learning and serving together to raise literacy levels and improve communities. Toyota has invested more than $46 million to fund two-generation family literacy programs at more than 280 sites in 55 communities and 31 states.

“Toyota is proud to stand with NCFL through the past quarter century,” said Mike Goss, general manager, Toyota Social Innovation for Toyota Motor Engineering and Manufacturing North America, Inc. “These NCFL programs help get people where they need to be by bridging the gap between classroom and lifelong learning.”

The Toyota Family Learning initiative also includes two online learning communities: Toyota Family Trails, a website that inspires families nationwide to learn through family exploration and adventure, and Family Time Machine, which encourages grantee site families to learn and thrive together.

ABOUT NATIONAL CENTER FOR FAMILIES LEARNING
The National Center for Families Learning (NCFL) is a national nonprofit organization dedicated to helping adults and children learn together. NCFL creates and deploys innovative programs and strategies that support learning, literacy, and family engagement in education. From the classroom to the community to the digital frontier, NCFL collaborates with educators, advocates, and policy-makers to help families construct hotspots for learning wherever they go. For more information on NCFL’s 27-year track record, visit www.familieslearning.org.

ABOUT TOYOTA
Toyota (NYSE: TM), the world’s top automaker and creator of the Prius and the Mirai fuel cell vehicle, is committed to building vehicles for the way people live through our Toyota, Lexus and Scion brands. Over the past 50 years, we’ve built more than 30 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 44,000 people (more than 34,000 in the U.S.). Our 1,800 North American dealerships (1,500 in the U.S.) sold more than 2.8 million cars and trucks (nearly 2.5 million in the U.S.) in 2015 – and about 80 percent of all Toyota vehicles sold over the past 20 years are still on the road today.

Toyota partners with philanthropic organizations across the country, with a focus on education, safety and the environment. As part of this commitment, we share the company’s extensive know-how garnered from building great cars and trucks to help community organizations and other nonprofits expand their ability to do good. For more information about Toyota, visit www.toyotanewsroom.com.

Media Contacts
Lisa Avetisian
National Center for Families Learning
[email protected]
502-718-2725

Ashley Brauer
Guthrie/Mayes Public Relations, for NCFL
[email protected]
502-649-3205

The National Center for Families Learning (NCFL) is a national nonprofit organization dedicated to helping adults and children learn together. NCFL collaborates with educators, advocates, and policy-makers to help families construct hotspots for learning wherever they go. For more information on NCFL's 27-year track record, visit www.familieslearning.org

Toyota, the world's top automaker and creator of the Prius and the Mirai fuel cell vehicle, is committed to building vehicles for the way people live through our Toyota, Lexus and Scion brands. Toyota partners with philanthropic organizations across the country, with a focus on education, safety and the environment. As part of this commitment, we share the company's extensive know-how garnered from building great cars and trucks to help community organizations and other nonprofits expand their ability to do good. For more information about Toyota, visit www.toyotanewsroom.com.

Photo – http://photos.prnewswire.com/prnh/20160503/362973

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FIBRA Prologis Declares Quarterly Distribution

May 3, 2016

MEXICO CITY, May 3, 2016 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV: FIBRAPL 14), Mexico’s leading owner and operator of Class-A industrial real estate, today declared a cash distribution of Ps. 300.7 million (US$ 17.4 million), or Ps. 0.4739 per Certificado Bursátil Fiduciario Inmobiliario (“CBFI”) (US$ 0.0275 per CBFI) related to the results of the quarter ending March 31, 2016.

The distribution is payable May 11, 2016 to CBFI holders with an ex-dividend date of May 6, 2016 and a record date of May 10, 2016.

ABOUT FIBRA PROLOGIS
FIBRA Prologis is the leading owner and operator of Class-A industrial real estate in Mexico. As of March 31, 2016, FIBRA Prologis was comprised of 188 logistics and manufacturing facilities in six industrial markets in Mexico totaling 32.6 million square feet (3.0 million square meters) of gross leasable area.

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

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

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(Español) Walmart retira del mercado hervidores de agua eléctricos marca Rival debido a riesgos de quemaduras y choque eléctrico

May 3, 2016

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The Home Depot to Host First Quarter 2016 Earnings Conference Call on May 17

May 3, 2016

ATLANTA, May 3, 2016 /PRNewswire-HISPANIC PR WIRE/ — The Home Depot®, the world’s largest home improvement retailer, announced today that it will hold its First Quarter 2016 Earnings Conference Call on Tuesday, May 17, at 9 a.m. ET.

Logo- http://photos.prnewswire.com/prnh/20030502/HOMEDEPOTLOGO

A webcast will be available by logging onto http://earnings.homedepot.com and selecting the First Quarter Earnings Conference Call icon. The webcast will be archived and available beginning at approximately noon on May 17.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,275 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 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.

Shepherd Smith Edwards & Kantas LLP: Puerto Rico Bond Default Likely To Deepen Losses To Investors

May 3, 2016

Shepherd Smith Edwards & Kantas LLP. (PRNewsFoto/Shepherd Smith Edwards & Kantas LLP)

SAN JUAN, Puerto Rico, May 3, 2016 /PRNewswire-HISPANIC PR WIRE/ — Yesterday, Puerto Rico failed to make a payment due to bondholders of the Puerto Rico Government Development Bank. The Island was supposed to make a payment of over $400 million for Monday’s payment, representing the largest default to date made by the territory, as well as the first default of bonds by the Government Development Bank. Puerto Rico has been defaulting on payments since the beginning of August 2015. The continuation of these defaults is likely to increase the losses being faced by current investors.

Logo – http://photos.prnewswire.com/prnh/20131011/DA96469LOGO

Many financial advisors with UBS and other firms recommended their clients buy huge amounts of Puerto Rico bonds, claiming that these investments were low risk, fixed income options for Puerto Rican investors. In doing so, these advisors were overlooking the warning signs of Puerto Rico being unable to keep up with debt payments.

Many clients did not understand that Puerto Rico bonds, particularly in large amounts, carried substantial amounts of risk. Those clients who purchased UBS proprietary funds were taking even larger risks, as those funds were often highly leveraged and carried significantly higher risks than what their continental United States counterparts did.

If you are or were a customer of UBS Puerto Rico, Banco Popular, or another Puerto Rico brokerage firm who invested in Puerto Rico bonds, UBS Puerto Rico bond funds or similar securities, it is not too late to contact the law firm of Shepherd Smith Edwards & Kantas LLP for an evaluation of your account to determine if you might have a claim to attempt to recover some or all of your losses. All communications will be kept strictly confidential, and you will not be billed in any way for a consultation.

Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. For more than two decades, our firm has represented thousands of investors throughout the United States, Puerto Rico, and internationally to recover losses suffered through brokerage firms and banks. More information can also be found at www.ubs-taxfree-puertorico.com.

Contact Info: 800-259-9010

713-580-8914 to speak to Spanish fluent staff

Sam Edwards [email protected]

Kirk Smith [email protected]

Luis Acevedo [email protected]

(Español) Estudio revela que las antocianinas en las fresas mejoran la resistencia a la insulina

May 3, 2016

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