Accept the Ultimate Cycling Challenge and Discover the Titan in You

July 24, 2014

Accept the Ultimate Cycling Challenge and Discover the Titan in You

MIAMI, July 24, 2014 /PRNewswire-HISPANIC PR WIRE/ — This November, a premier cycling experience promises to turn the tough into Titans, combining one of the most ambitious cycling challenges in the nation with a course that winds through one of National Geographic’s “Destinations of a Lifetime.” The ROAD TITANS 300+ CYCLING CHALLENGE in South Carolina’s Oconee County will offer participants – elite professionals and amateur enthusiasts alike – an opportunity to contest the limits of their endurance and explore one of the nation’s most beautiful places.

In recent years, the world of endurance events has been swept by a wave of innovative outdoor race-like experiences, where both weekend warriors and hardcore elites are pushed to their physical limits. ROAD TITANS 300+ CYCLING CHALLENGE is inspired by the supermen from Greek mythology and promises to be a truly unique cycling experience. With a passion for healthy living, fitness, and endurance sports, Jan Michael Ramery, Event Producer for C-Com Group envisioned creating something that was much more than a bike ride.

“With ROAD TITANS 300+ CYCLING CHALLENGE we wanted to create a personal as well as a collective journey, so riders could connect and share the experience of attesting to their limits of endurance,” says Ramery. “What’s truly unique about this cycling event is that it offers amateurs a professional-level experience and atmosphere with a challenging route fit for elite athletes and a spectacular course in the Blue Ridge Mountains.”

Alex Kellum, Captain of Clemson University’s Elite Cycling Team, designed the course with the professional cyclist in mind, assuring it was filled with natural beauty, carving through Oconee’s most beautiful places, like the 400-foot Whitewater Falls and the Jocassee Gorges, among many other sights.

ROAD TITANS 300+ CYCLING CHALLENGE will be a grueling test spanning three days, more than 300 miles, and reaching an elevation of over 30,000 ft. The event will be held on November 7^th, 8^th, and 9^th and will offer family and friends an opportunity to explore South Carolina’s quaint towns and entertainment, as well as celebrate with their Titans at the finish line. There will be food and festivities for all to enjoy, while excelling participants will receive prizes which include cash awards.

Event organizers forewarn that spots are limited; early registration is recommended. For registration and information about ROAD TITANS 300+ CYCLING CHALLENGE, visit http://www.roadtitans300.com.

Video – http://youtu.be/Z1ZnKuow8L4

Contact: Jan Michael Ramery, [email protected]

Alma Entertainment Announces The Luis Jimenez Show on Tour

July 23, 2014

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Alma Entertainment Announces The Luis Jimenez Show on Tour

NEW YORK, July 23, 2014 /PRNewswire-HISPANIC PR WIRE/ — Enjoy Live, the #1 radio morning show in NYC among Hispanics! Celebrating his 20th anniversary of his successful radio morning show, “The Luis Jimenez Show” airing Monday through Friday in NYC, the Tri-State area and 11 additional syndicated markets…. Nashville, Boston, Orlando, Tampa, Providence, Philadelphia, among others.

Photo – http://photos.prnewswire.com/prnh/20140723/129972

He can also be heard on www.luisjimenez.com

Enjoy Luis Jimenez, his radio crew, and other invited Latino comedians during his LIVE Spanish comedy performance.

CONTACT: Maria Alma, [email protected]

Honda Civic Tour Featuring American Authors Announces Tour Dates

July 23, 2014

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Honda Logo

Honda Civic Tour Featuring American Authors Announces Tour Dates

Tickets on sale Friday, August 1 at www.HondaCivicTour.com

TORRANCE, California, July 23, 2014 /PRNewswire-HISPANIC PR WIRE/ — Tour dates for the second leg of the highly anticipated 2014 Honda Civic Tour featuring Brooklyn-based pop/rock headlining band American Authors will extend through October and November with performances coming to major markets including Los Angeles, Seattle, Dallas, Atlanta, Chicago, Boston, Philadelphia, New York and Washington, D.C. Tickets for Honda Civic Tour featuring American Authors will go on sale starting August 1 and ticket information can be found at www.HondaCivicTour.com. Joining American Authors on tour will be The Mowgli’s, as well as Echosmith and Oh Honey on certain dates.

To view the multimedia content associated with this release, please click: http://www.multivu.com/players/English/7231531-honda-stage-music-news/

Logo – http://photos.prnewswire.com/prnh/20140415/73520

American Authors’ hit single, “Best Day of My Life,” has not only been certified double platinum, the official video for the song has reached over 23 million views on YouTube. The band was named both a VH1 “You Oughta Know” artist and a VEVO “Lift” artist in recent months, and their new single “Believer” is already Top 20 at Hot AC radio. American Authors’ success prompted Honda to support them for their first ever solo headlining tour with their leg of the 2014 Honda Civic Tour series.

Now in its 13^th year, Honda Civic Tour is not one, but three successive tours in 2014, highlighting three distinct genres of music, that also serve as a significant pillar of the new Honda Stage music platform. Alternative rock bands Grouplove and Portugal. The Man will co-headline the first 2014 Honda Civic Tour this summer with Tokyo Police Club and Typhoon supporting on various dates. Latin DJ trio 3BallMTY will headline the final tour of the series starting mid-November, with dates to be announced soon.

Honda’s commitment to music runs deep, with a 13 year history presenting the popular Honda Civic Tour, as well as hosting Honda Stages at premier U.S. music festivals including Governors Ball, Music Midtown and Austin City Limits Music Festival. Honda’s passion for music content curation and delivering unique experiences to music enthusiasts has led the automaker’s development of the new Honda Stage platform. The Honda Stage program provides music fans one-of-a-kind music experiences through live performances and digital content: www.YouTube.com/HondaStage.

Under the Honda Stage program, American Honda brings together an unprecedented group of entertainment and technology leaders to produce and distribute some of the best original, high-quality music content available today, through dozens of live events and exclusive online content. The success of the Honda Civic Tour makes it a natural fit as a pillar of the Honda Stage program.

Honda Civic Tour featuring American Authors Support:

Oct 1	Reno, NV	Knitting Factory	The Mowgli’s/Echosmith
Oct 2	San Diego, CA	House of Blues	The Mowgli’s/Echosmith
Oct 3	Santa Ana, CA	The Observatory	The Mowgli’s/Echosmith
Oct 4	Los Angeles, CA	Club Nokia at LA Live	The Mowgli’s/Echosmith
Oct 5	Santa Cruz, CA	The Catalyst	The Mowgli’s/Echosmith
Oct 7	Portland, OR	Wonder Ballroom	The Mowgli’s/Echosmith
Oct 9	Seattle, WA	Showbox at the Market	The Mowgli’s/Echosmith
Oct 10	Spokane, WA	Knitting Factory	The Mowgli’s/Echosmith
Oct 11	Boise, ID	Knitting Factory	Echosmith
Oct 13	Salt Lake City, UT	The Depot	The Mowgli’s
Oct 14	Denver, CO	Ogden Theatre	The Mowgli’s
Oct 16	TBA	TBA
Oct 17	Dallas, TX	Granada Theater	The Mowgli’s/Echosmith
Oct 18	Houston, TX	Warehouse Live Ballroom	The Mowgli’s/Echosmith
Oct 19	Austin, TX	Mohawk	The Mowgli’s/Echosmith
Oct 21	Tallahassee, FL	The Moon	The Mowgli’s/Oh Honey
Oct 22	Orlando, FL	The Beacham	The Mowgli’s/Oh Honey
Oct 23	Ft. Lauderdale, FL	Revolution Live	The Mowgli’s/Oh Honey
Oct 24	St. Petersburg, FL	Jannus Live	The Mowgli’s/Oh Honey
Oct 25	Atlanta, GA	Buckhead Theatre	The Mowgli’s/Oh Honey
Oct 27	TBA	TBA
Oct 28	Detroit, MI	The Crofoot	The Mowgli’s/Oh Honey
Oct 29	Chicago, IL	Metro	The Mowgli’s/Oh Honey
Oct 31	Minneapolis, MN	Mill City Nights	Oh Honey
Nov 2	Columbus, OH	Newport Music Hall	The Mowgli’s/Oh Honey
Nov 4	Boston, MA	Paradise Rock Club	The Mowgli’s
Nov 6	TBA	TBA
Nov 7	New York, NY	Best Buy Theater	The Mowgli’s/Oh Honey
Nov 8	Philadelphia, PA	Trocadero	The Mowgli’s/Oh Honey
Nov 10	Washington, DC	9:30 Club	The Mowgli’s/Oh Honey
Nov 11	New Haven, CT	Toad’s Place	The Mowgli’s/Oh Honey

About American Authors
American Authors reached double Platinum with their #1 chart-topping debut single “Best Day Of My Life.” The song has been bolstered by prominent placements including Lowe’s TV ad, trailers for the film Delivery Man, the Secret Life Of Walter Mitty, Major League Baseball Fan Cave commercial, opening sequence of this year’s ESPN World Series Of Poker coverage and more. Recently selected for the highly influential VEVO LIFT emerging artists program and VH1’s official “You Oughta Know” selection. American Authors is comprised of Zac Barnett (vocals), James Adam Shelley (guitar/banjo), Dave Rublin (bass), and Matt Sanchez (drums). Together they hail from the four corners of the country, each bringing their own influences and experiences to the writing table to create pop-flavored alt rock sprinkled with four-part harmonies, spirited lyrics, and contagious optimism. To hear their music and to watch them perform, it can be said that American Authors has the natural ‘it’ factor that leads to music’s most successful artists. www.weareamericanauthors.com

About Honda Civic Tour
Produced by Marketing Factory, Honda Civic Tour brings innovation to the masses by combining automotive technology and contemporary music. With almost three million fans having attending Honda Civic Tour concert events since 2001, Civic Tour has established itself as one of the nation’s most compelling, successful music concert tour franchises. Civic Tour has provided concert-goers with an exclusive, interactive concert experience featuring up-close and personal access to their favorite bands, including Linkin Park, blink-182, My Chemical Romance, Paramore, The Black Eyed Peas, Fall Out Boy, Everclear, Incubus, Good Charlotte, New Found Glory, Dashboard Confessional and Panic! at the Disco. www.HondaCivicTour.com

About Honda Civic:
One of the best-selling compact cars in the United States, the Civic features a lineup of six distinct models: the conventional gasoline-powered Civic Sedan and Civic Coupe, two high-performance Civic Si models, the gasoline-electric Civic Hybrid, the Civic Natural Gas and Civic HF high fuel economy model. The Civic lineup embodies the Honda brand values of ‘clean, safe and fun’ with the Civic HF achieving an EPA-estimated fuel economy rating of 41 mpg on the highway. The Civic Hybrid’s EPA-estimated fuel economy rating is 44/47/45 city/highway/combined. The Civic Sedan has earned top safety ratings from NHTSA and was the first small car to earn a ‘TOP SAFETY PICK+’ designation from IIHS. Now in its ninth generation, the Civic remains one of the most fun-to-drive compact cars on the road today. The Civic Sedan starts at a suggested retail price (MSRP) of $18,390 and is available at Honda dealerships nationwide. For high-resolution photos, broadcast quality video and media information of the entire 2014 Civic lineup, please visit www.hondanews.com.

About Honda Stage:
Building on its deep foundation in bringing music to fans, American Honda has brought together an unprecedented group of entertainment and technology leaders to produce and distribute some of the best original, high-quality music content available under the new Honda Stage name, through dozens of live events and exclusive online content. Honda Stage will offer music fans access to custom live and online music programming and performances, behind the scenes content, artist interviews and more at www.YouTube.com/HondaStage. With the launch of this channel, Honda becomes a major music curator, as YouTube is the largest distributor or music content and the number 1 environment for music viewing.

About Honda:
Honda offers a unique lineup of cars and trucks through a network of more than 1,000 dealerships in the United States. In 2014, Honda celebrated it’s 20 millionth vehicle produced in the U.S., using domestic and globally sourced parts. Honda currently operates 16 major manufacturing facilities in North America, producing a wide range of automobiles, all-terrain vehicles, power equipment products, engines and transmissions, and the HondaJet light jet.

For more information, go to www.HondaCivicTour.com visit Honda Stage on YouTube at www.YouTube.com/HondaStage.

Check back for more Honda Stage Press announcements throughout 2014 at: http://honda.us/1kYuYVN

Cristiano Ronaldo To Join Real Madrid For The 2014 Guinness International Champions Cup

July 23, 2014

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Spain Soccer Champions League — CRISTIANO RONALDO TO JOIN REAL MADRID FOR THE 2014 GUINNESS INTERNATIONAL CHAMPIONS CUP

Cristiano Ronaldo To Join Real Madrid For The 2014 Guinness International Champions Cup

Ramos, Casillas and Modric also joining up with the UEFA Champions League winners

Tournament Played in Key U.S. Cities, July 26 through August 4

LOS ANGELES, July 23, 2014 /PRNewswire-HISPANIC PR WIRE/ — Real Madrid today announced that star Cristiano Ronaldo as well as Iker Casillas, Sergio Ramos and Luka Modric will join the team for the 2014 Guinness International Champions Cup.

Photo – http://photos.prnewswire.com/prnh/20140723/129930
Logo – http://photos.prnewswire.com/prnh/20140723/129937

Cristiano Ronaldo will join the team on July 26 while the others will today, July 23.

Considered the world’s top player, Cristiano Ronaldo recently won the FIFA Ballon D’or, the award given to the world’s top player every year. In his five years with Real Madrid, he has scored a total of 252 goals.

All four players are returning to the European champions after participating in the 2014 World Cup in Brazil.

Real Madrid will open the International Champions Cup facing Inter Milan at Kabam Field at California Memorial Stadium in Berkeley, California on July 26 before playing AS Roma at the Cotton Bowl in Dallas on July 29. The team’s final match in the Group Phase of the tournament will be against Manchester United at the University of Michigan on Saturday, August 2. If the club makes the final of the competition, Los Merengues’ pre-season in the United States will conclude with the final at Miami’s Sun Life Stadium on Monday, August 4.

While the match in Michigan, which is set to break a United States soccer record for attendance, is sold out, tickets for the remaining matches featuring Real Madrid are still available.

For tickets for the match in Berkeley, California, fans can visit internationalchampionscup.com.

Tickets for the match between Real Madrid and AS Roma at the Cotton Bowl in Dallas, TX are available online at www.internationalchampionscup.com. Tickets are also available for immediate purchase at over 50 locations including Las Ranitas Restaurants, Soccer Corner, Las Michoacanas, Morelias Restaurantes, Casa Vieja and Migueleno.

About the Guinness International Champions Cup

The Guinness International Champions Cup is an annual soccer competition featuring eight of the world’s top teams including many of the world’s top players. The matches are played in key markets across the United States with the tournament culminating in a final at Sun Life Stadium in Miami. Guinness is the presenting sponsor of the tour, which is now in its second year. The tournament is a property of Relevent Sports.

About Relevent Sports

Relevent Sports brings the excitement and intensity of international soccer to the United States by showcasing the best clubs in the world through premier tournaments and events. Going beyond the game, Relevent provides an innovative approach to building international soccer presence by utilizing brand development, grassroots planning, corporate sponsors, international touring and philanthropic initiatives for the soccer organizations. Relevent is a division of RSE Ventures founded in 2012 by Stephen M. Ross and Matt Higgins, RSE Ventures operates in four interrelated verticals: Sports, Entertainment, Digital, and New Ventures. The company’s growing roster of companies, venues and events includes the NFL’s Miami Dolphins, Sun Life Stadium, Insignia Sports & Entertainment, and Relevent Sports.

MEDIA CONTACT:

Benjamin Spencer
Relevent Sports // 630-251-3004 // [email protected]

Nick Rosen-Wachs
Derris and Co. // 212-500-0795 /[email protected]

NOTE TO EDITORS: High-resolution images are available at: http://hispanicprwire.com/en/multimedia/

(Español) Hoy: Arturo Porzecanski, de American University, debatirá la crisis de la deuda de Puerto Rico con el ex director del FMI Charles Blitzer y Elías Gutiérrez, de la Universidad de Puerto Rico

July 23, 2014

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Sorry, this entry is only available in Español.

Today: American University’s Arturo Porzecanski Joins Former IMF director Charles Blitzer and Univ. of Puerto Rico’s Elias Gutierrez to Discuss Puerto Rico’s Debt Crisis

July 23, 2014

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Today: American University’s Arturo Porzecanski Joins Former IMF director Charles Blitzer and Univ. of Puerto Rico’s Elias Gutierrez to Discuss Puerto Rico’s Debt Crisis

Governor Garcia Padilla’s recent initiatives, particularly the Debt Enforcement and Recovery Act, have backfired and made matters worse. The time has come to consider fresh approaches to end current confidence crisis and the economic malaise, say these three experienced economists.

WASHINGTON, July 23, 2014 /PRNewswire-HISPANIC PR WIRE/ — On Wednesday, July 23 at 3:00 p.m. EDT, please join us for a briefing and Q&A session featuring American University’s Professor Arturo Porzecanski, Professor Elías Gutiérrez of the University of Puerto Rico, and former IMF Director Charles Blitzer, who will provide an independent view on Puerto Rico’s deepening economic and financial crisis.

Recent decisions by the Government of Puerto Rico, discussed in the latest Commonwealth of Puerto Rico Quarterly Report, have proven highly controversial — particularly the Debt Enforcement and Recovery Act, which appears to be plunging the island into deeper economic and financial turmoil. This debt-restructuring law for state-owned companies has already precipitated a downgrade in the Commonwealth’s bonds deeper into junk status, and triggered a wave of litigation, because it is seen as abrogating the rights and seniority of creditors, especially of investors in the Puerto Rico Electric Power Authority (PREPA).

The new law comes on the heels of attempts to raid the deposit insurance fund (COSSEC) set up by the island’s cooperative banks, in order to use those resources for fiscal purposes, and to nullify a legal agreement for tax credits of $230 million with Doral Financial Corp., a leading bank and the island’s second-largest mortgage lender. When combined with the exposure of banks to the troubled state-owned companies, these actions have aggravated the already precarious situation faced by the island’s banking system.

Porzecanski, Gutiérrez and Blitzer will discuss the implications and opportunities stemming from these developments and propose constructive ideas, including an alternative restructuring regime which mirrors the relevant (Chapter 9) section of the U.S. Bankruptcy Code.

Date: Wednesday, July 23, 2014

Time: 3:00 pm EDT

Dial-In: 1-866-952-7534 OR 1-785-424-1835 Code: COMMUNITY

Speakers:

Arturo Porzecanski— director of the International Economic Relations Program at American University’s School of International Service

Elías Gutiérrez — economics professor at the Graduate School of Planning at the University of Puerto Rico.

Charles Blitzer — economist, former IMF Director and expert on sovereign debt management and restructuring.

SIS-School of Intl Service
4400 Massachusetts Avenue, NW
Washington, DC 20016

Seaborne Appoints New Director of Business Development and Marketing

July 23, 2014

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Seaborne Appoints New Director of Business Development and Marketing

SAN JUAN, Puerto Rico, July 23, 2014 /PRNewswire/ — Gary Foss, President and Chief Executive Officer of Seaborne Airlines, announced the appointment of airline industry veteran Hector “Tato” Montanez as the regional carrier’s new Director of Marketing and Sales. In his new position, Montanez will be in charge of overseeing the airline’s marketing and sales initiatives in Puerto Rico and the Caribbean.

Montanez brings with him more than 25 years of experience working for American Airlines, where he oversaw sales and marketing, operations, e-commerce and distribution, new product development, key account management and customer service for Puerto Rico.

“Seaborne has a great story and a great future in Puerto Rico, the U.S. Virgin Islands and throughout the Caribbean. I am honored to be part of Seaborne Airlines’ evolution and look forward to helping in the development of the airline’s regional strategy,” Montanez said. “With service to 18 airports, we hope to make Seaborne a household name throughout the Caribbean.”

“Seaborne is honored to have someone of the caliber of Hector join the team, after so many outstanding years working in sales and marketing for American. The expert team of professionals that we have been assembling in recent months will undoubtedly fuel our company’s growth plans for the region, where we are already the fastest-growing airline in the Caribbean,” said Foss.

Montanez, who will be based at Seaborne’s San Juan Headquarters, also brings with him experience with working with other airlines gained during his tenure with an airport handling company that provided ground services to various carriers, such as Aeropostal Airlines, AirFrance, British Airways, LACSA and VIASA.

Montanez has a Bachelor’s Degree in Business Administration from Inter American University, Metro Campus. He lives in San Juan with his wife Wendy and children Bianca and Jan Luis.

About Seaborne Airlines

Seaborne Airlines has been operating in the Caribbean for over 20 years, carrying over two million customers safely. Seaborne operates over 2,100 monthly departures throughout the Caribbean to San Juan, St. Thomas, St. Croix, Vieques, Tortola, Virgin Gorda, Dominica, Martinique, Guadeloupe, La Romana, Punta Cana, Santo Domingo, Santiago, St. Maarten, St. Kitts and Nevis.

MundoFox Tampa Increases its Presence in the Local Hispanic Market as it Launches on Bright House Cable in Tampa and secures Title Sponsorship of Conga Caliente

July 23, 2014

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MundoFox Tampa Increases its Presence in the Local Hispanic Market as it Launches on Bright House Cable in Tampa and secures Title Sponsorship of Conga Caliente

TAMPA, Fla., July 23, 2014 /PRNewswire-HISPANIC PR WIRE/ — MundoFox Tampa (WSPF-CD 35) today announced that Bright House Cable has launched its Spanish-language programming on its cable system in the Tampa – St. Petersburg DMA on Channel 94. The addition of MundoFox Tampa will bring the station’s popular shows, such as 100 Latinos Dijeron with host Marco Antonio Regil, drama-series such as El Mariachi and national news with award-winning news anchor, Rolando Nichols, to Bright House subscribers.

“MundoFox Tampa’s programming will be a fresh, quality alternative for Bright House subscribers. It’s Spanish-Language news and entertainment, but looks and feels like US general market television” said Jose Rodriguez, President of Prime Time Partners, parent company of WSPF-CD 35. “I’m sure that Bright House viewers will enthusiastically choose MundoFox’s entertainment environment and attract advertisers who are looking for engaging ways to reach these consumers.”

According to Nielsen’s 2013 Universe Estimates, the Tampa Bay DMA is the 19th largest Hispanic market with a total of 220,670 Hispanic TV households and growing. The market is out-pacing the national growth rate of the US Hispanic population of 43% with counties like Pinellas showing a 71% growth in their Hispanic population since the 2010 census.

As part of its increased presence in the market, the station has also secured title sponsorship of Tampa’s premiere Hispanic festival, now titled MundoFox Tampa Conga Caliente. This is the 10^th year of the free-festival being held in early November at Al Lopez Park in Tampa.

“Tampa’s Hispanic viewership is growing in numbers and we plan to be a part of that growth by not only supplying an entertainment destination, but by finding ways to partner and support this community,” says Linette Rodriguez, Director of Marketing and Promotion for MundoFox Tampa. “Having MundoFox Tampa be a part of such an iconic festival, as Conga Caliente, puts us at the forefront of our community’s biggest celebration.”

About MundoFox Tampa: WSPF-CD 35

Owned and operated by Prime Time Partners, LLC., WSPF-CD Channel 35 is a low-power broadcast television station in the Tampa Bay DMA. Currently the station is an affiliate of the national Spanish-language broadcast network, MundoFox. For more information, please visit www.mundofoxtampa.com.

About MundoFox

MundoFox is a joint venture between Fox International Channels (FIC), 21^st Century Fox’s international multimedia business, and RCN, the leading Latin American television network and production company belonging to Organizacion Ardila Lulle (OAL). Together FIC and RCN currently reach over 1.6 billion subscribers worldwide with original series, novelas, dramas, game shows, reality, news and lifestyle programming. MundoFox is broadcast over-the-air on the network’s affiliate stations as well as through cable, satellite and telco providers in all of the largest U.S. Hispanic households. MundoFox, headquartered in Los Angeles, CA, launched in fall 2012.

About Conga Caliente

Conga Caliente, Premier Family Festival, in its 11^th year celebrates Hispanic Arts and Culture. It is the West Coast of Florida’s largest Hispanic themed family festival and one of the largest in the State of Florida. Conga Caliente is located in a beautifully tree-lined park setting in Tampa; it’s about quality-family fun. The Arts: The festival includes an Arts Village with exhibits of original artworks. Education: The extensive Health village educates about health issues. Tradition: There are domino tournaments, cigar rolling demonstrations and a plethora of ethnic food vendors. The Youth zone includes a sound stage dedicated to youth entertainment. The Main stage provides thrilling entertainment with nationally and internationally recognized musical artist. Keeping it family friendly, there is no admission fee. Conga Caliente is produced by Coda Sound Inc., a full audio, visual and stage event Production Company. www.congacaliente.com, www.codasoundusa.com

Follow us: /mundofoxtampa

(Español) Meliá Hotels International anuncia el “Meliá Cartagena de Indias”, su cuarto hotel en Colombia

July 23, 2014

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Doral Financial Corporation Commends Supreme Court for Ruling that the PR Court of First Instance Must Expedite the Case Doral Brought Against Government

July 23, 2014

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SAN JUAN, Puerto Rico, July 23, 2014 /PRNewswire-HISPANIC PR WIRE/ — Responding to a ruling by the Supreme Court of Puerto Rico ordering the Court of First Instance to expedite an evidentiary hearing in Doral’s case against the Hacienda, Counsel for Doral Financial Corporation, Matthew D. McGill of Gibson, Dunn & Crutcher, issued the following statement:

“The Puerto Rico Supreme Court has recognized once again the important public interest and urgency of this case and has ordered the court to act diligently and immediately. Now the burden is on government to demonstrate the basis for its decision to arbitrarily nullify its longstanding tax agreement with Doral. While we are confident that our case will prevail in court, we hope that the government of Puerto Rico will take this opportunity to reconsider its ill-conceived decision to abandon its contractual obligation to Doral. And we continue to urge the government to negotiate a solution that is fair for all parties and that is in accordance with a series of tax agreements over the last eight years that have continually ratified the government’s debt to Doral.”

A scheduling order is soon expected from the Court of First Instance. To retrieve a copy of the PR Supreme Court’s decision, visit www.doralpuertoricofacts.com.

To join the media teleconference with Matthew D. McGill on Wednesday at 11:30am EDT, please RSVP to [email protected]. The dial-in information is 866-952-7534; Code: DORAL.

Doral Financial Corporation is a bank holding company engaged in banking, mortgage banking and insurance agency activities through its wholly-owned subsidiaries Doral Bank, with operations on the mainland U.S. (New York metropolitan area and northwest region of Florida) and Puerto Rico. Doral Financial Corporation’s common shares trade on the New York Stock Exchange under the symbol DRL. Additional information about the case of Doral Financial Corporation against the Government of Puerto Rico can be found at www.DoralPuertoRicoFacts.com.