2020 Hyundai Sonata Awarded “Sedan of the Show” in Miami

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Hyundai Motor America.

– Southern Automotive Media Association (SAMA) Recognizes All-New Sedan for its Sophisticated, Striking Design and Industry-Leading Technology

MIAMI, Nov. 12, 2019 /PRNewswire-HISPANIC PR WIRE/ — The Hyundai Sonata was named “Sedan of the Show” by the Southern Automotive Media Association (SAMA) at the 49th annual Miami International Auto Show. The award was given at the association’s annual auto show luncheon and awards presentation at the Miami Beach Convention Center. Determined by a panel of judges consisting of industry leading automotive journalists, the Hyundai Sonata was up against the 2020 Cadillac CT4. 

Hyundai Motor America.

“Hyundai is honored to receive SAMA’s ‘Sedan of the Show’ for the Sonata as it acknowledges and reinforces the importance of the sedan market,” said Scott Margason, director, Product Planning, Hyundai Motor America. “The Hyundai Sonata offers consumers a stylish and striking design, user-friendly features, and advanced safety technology at a competitive price point.”

SAMA presents its awards during its annual luncheon on the opening day of the Miami International Auto Show. A panel of SAMA members walked the floor of the show prior to opening to review the vehicles and determine which models would receive the SAMA awards.

“As a number of American car brands abandoned the traditional sedan market, the 2020 Hyundai Sonata is a resounding riposte to their decision,” said Joaquin Ruhi, independent journalist, SAMA Awards jury member. “Billed as a 4-door coupe, its stunning ‘Sensuous Sportiness’ design language is aptly named and full of eye-catching details, from the low-set broad front grille to daytime running lights that creep onto the chrome hood molding to taillights adorned with vortex generator-inspired fins to improve aerodynamics. Hyundai’s traditionally high levels of standard equipment and quality interior materials clinched the deal.”

The Sonata is Hyundai’s longest-standing and most successful model, offering a bold, distinctive design, technologies and advanced safety features. The all-new Sonata is the first sedan designed with Hyundai’s Sensuous Sportiness design language. It is a fully transformed vehicle showcasing a sporty four-door-coupe look and represents Hyundai’s new focus on creating emotional value using proportion, styling, and technology.

The latest Sonata is the first model to be based on Hyundai’s new, innovative vehicle platform, which delivers improvements in overall driving performance. The car uses an extensive application of advanced technologies to boost comfort, convenience and active safety, including Digital Key Technology—allowing the vehicle to be unlocked, started and driven without a physical key.

The 2020 Hyundai Sonata has begun production at Hyundai Motor Manufacturing Alabama (HMMA). Pricing will be announced later this month, in addition to retail sales.

Hyundai Motor America
At Hyundai Motor America, we believe everyone deserves better. From the way we design and build our cars to the way we treat the people who drive them, making things better is at the heart of everything we do. Hyundai’s technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assurance—our promise to create a better experience for customers. Hyundai vehicles are sold and serviced through more than 830 dealerships nationwide and nearly half of those sold in the U.S. are built at Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea.

Please visit our media website at www.HyundaiNews.com

Hyundai Motor America on Twitter | YouTube | Facebook | Instagram

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SOURCE Hyundai Motor America

Airstream Supply Company Chooses HEADSPIN as Premier Adventure Tool

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DALLAS, Nov. 12, 2019 /PRNewswire-HISPANIC PR WIRE/ — HEADSPIN Outdoors, a Texas-based company that has reinvented the standard flashlight with its patented and magnetic convertible lighting solution, is excited to announce a collaboration with Airstream, maker of the iconic “silver bullet” travel trailer, in an on-going effort to better serve the adventure and outdoor communities.

“We’re always on the lookout for products that are adventure-ready and embody Airstream’s dedication to quality craftsmanship,” said Mollie Hansen, Airstream Chief Marketing Officer. “With HEADSPIN, you have a product that proves its worth straight out of the box, and we’re excited to give our Airstream community access to such a unique and useful tool. Here’s to never hitching or unhitching in the dark again.”

Airstream, the manufacturer of the iconic “silver bullet” travel trailer, is the longest-tenured recreational vehicle manufacturer in the world. Airstream’s mission, as set forth by founder Wally Byam, is to create well-designed, high-quality products that allow people to follow their dreams and explore the world in home-like comfort. Airstream Supply Company was established to further that dream by supplying its customers with gear, apparel, and products needed to make their adventures the best they can be. Airstream Supply Company features HEADSPIN Outdoors as a gift offering for premier outdoor adventure gear.

“The HEADSPIN-Airstream synergy makes perfect sense, and we’re honored to inspire adventure alongside such a renowned, iconic company,” said Chris Grider, founder of HEADSPIN. “We know our featured product through Airstream Supply Company will help make your adventure the best it can be.”

HEADSPIN’s adaptable lighting solution is intended to function across all the activities of an outdoor enthusiast. A rugged and rechargeable cube-shape powerhouse connects to various accessory mounts via the patented SPINDOCK™ magnetic connection that quickly locks into place, easily turning HEADSPIN into a flashlight, a headlamp or rail mount – for things like bicycle handlebars, boat or ATV rails, etc. 

Additionally, the light unit has the standalone capability to magnetically connect to any ferrous metallic surface to be used as a magnetic task light.

“Our goal was well-designed and thoughtful simplicity,” says Grider. “Any time we were packing to camp, hunt, or fish, we always packed multiple lights. Sometimes a flashlight, sometimes a headlamp but most of the time both. We wanted to cut down on the decision-making process, reduce the clutter, and develop a streamlined lighting solution. HEADSPIN is a rechargeable and versatile lighting product that we can conveniently grab and go.”

The HEADSPIN light, weighing in at just two ounces, is intuitive and straightforward – four buttons control on/off, four intensity settings, spot/flood, and flash mode. The lithium-ion batteries are chargeable via a proprietary wall-mounted charger or micro-USB and will deliver up to 40 hours of continuous use. The light also carries an IP66 weather-resistance rating and is tested to withstand a 2-meter drop.

“We spent considerable time designing and engineering HEADSPIN to cover various lifestyle needs of the outdoor enthusiast,” said Grider. “There are plenty of bright rechargeable lights and plenty that hold a charge for a long time. None do both and match the versatility of HEADSPIN, making it the perfect companion for Airstream customers.”

More About HEADSPIN
HEADSPIN is currently stocked in more than 70 independent specialty retail locations across the country and growing quickly. For more information, visit headspinoutdoors.com. For product review requests, contact Jason Hartline at 806-543-8749 or by emailing jason@headspinoutdoors.com

Video – https://www.youtube.com/watch?v=WtXpjjEWAbM

SOURCE HEADSPIN Outdoors

2020 Mazda CX-5 Continues To Separate Itself From Its Class

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Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com.

IRVINE, California, Nov. 12, 2019 /PRNewswire-HISPANIC PR WIRE/ — Distinctive styling and engaging driving dynamics have helped make the Mazda CX-5 the brand’s best-selling vehicle in the U.S. The previous model year introduced two new, top-tier trim levels to the nameplate that elevated the crossover SUV to new aspirations with a sophisticated interior and a turbocharged engine that creates a more premium experience. The 2020 Mazda CX-5 receives numerous refinements at every trim level, from performance upgrades to more standard safety features. Mazda engineers have also improved the noise, vibration and harshness (NVH) of the SUV to further reduce road noise for an even more peaceful ride.

Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com.

CX-5 Sport is far from entry-level thanks to the many standard features occupants can enjoy. The premium ownership experience starts with the keys, in line with Mazda’s upscale movement, a new key fob design opens the doors using a remote keyless entry system. As the importance of safety continues to grow, Mazda is now offering the full suite of i-Activsense features to the 2020 CX-5. This includes Mazda Radar Cruise Control with stop and go function, Advanced Smart City Brake Support with day and nighttime pedestrian detection, Smart Brake Support with Collision Warning, Lane Departure Warning with Lane-Keep Assist and High Beam Control. More new standard features include automatic on/off headlights as well as automatic rain-sensing windshield wipers. Subtle, yet sophisticated; the font is updated throughout the vehicle, from the badging and gauge display to the owner’s manual. Small attention to detail that together helps create a unique atmosphere. The seven-inch full-color, touchscreen display with Mazda ConnectTM receives a new Cylinder Deactivation System display, which will help show the fuel efficiency of the four-cylinder Skyactiv-G 2.5 engine. This naturally aspirated engine is rated to deliver 187 horsepower and 186 lb-ft of torque on either regular (87 octane) or premium (93 octane) fuel and is equipped with a quick-shifting, six-speed automatic transmission with manual shift and sport modes. The 2020 CX-5 is standard with front-wheel drive and available with i-Activ all-wheel drive. Other standard features include G-Vectoring Control Plus, Blind Spot Monitoring with Rear Cross-Traffic Alert, electronic parking brake, leather-wrapped steering wheel and shift knob, AM/FM four-speaker audio system with HD RadioTM, two front USB inputs, Bluetooth hands-free phone and audio, rearview camera, LED headlights, 17-inch alloy wheels, push button start and power windows with one-touch automatic up/down function.

Building upon the many standard features, CX-5 Touring features Apple CarPlayTM and Android AutoTM capabilities, AM/FM six-speaker audio system with HD RadioTM, Mazda Advanced Keyless Entry, heated front seats, leatherette seating surfaces with suede inserts, six-way power adjustable driver’s seat, rear seat center armrest with two USB charging inputs, dual-zone automatic climate control, auto-leveling headlights and a rear privacy glass.

The available Touring Preferred Package includes the Bose® premium 10-speaker audio system, power moonroof, rear power liftgate and auto-dimming rearview mirror with Homelink®.

Upgrading to the CX-5 Grand Touring, fans will notice the 19-inch Bright Silver Finish aluminum alloy wheels, rear power liftgate, Adaptive Front Lighting System, LED daytime running lights, fog lights and taillights, power moonroof and dual heated exterior mirrors. Upon entering the SUV, the driver can feel even more connected to the CX-5 with new paddle shifters. Additionally, the driver is benefited by an eight-way power adjustable driver’s seat with two-position memory programming. Front passengers have power seats at this trim level, while all occupants can enjoy leather-trimmed seats for a more premium look and feel. Bose® premium 10-speaker audio system and SiriusXM® with a three-month trial subscription are also equipped in the 2020 CX-5 Grand Touring.

The available Grand Touring Premium Package includes the windshield-projected Active Driving Display, ventilated front seats, heated rear seats, heated steering wheel, windshield wiper de-icer and automatic folding door mirrors.

The CX-5 Grand Touring Reserve will continue to exceed fans expectations due to its many premium features. This trim level is benefited by Mazda’s turbocharged Skyactiv-G 2.5T engine and predictive i-Activ all-wheel drive system. Like with the 2020 CX-9, on premium (93 octane) fuel the turbo engine in the CX-5 delivers an impressive 250 horsepower and a robust 320 lb-ft of torque; an increase of 10 lb-ft of torque over the outgoing model year. When filled with regular (87 octane) fuel the 2020 CX-5 with the turbocharged Skyactiv-G 2.5T engine delivers a solid 227 horsepower and 310 lb ft of torque, providing an exhilarating driving experience. Further refinements to the engine include a new Engine Harmonics Enhancer that tunes to the engine with a much more refined and powerful sound, while the emission regulation has been improved to ULEV70. Another all-new feature on the 2020 CX-5 is off-road traction assist, which replaces the traction control button and can potentially help the driver when adventuring on uneven terrain. When the diagonal wheels lose traction, off-road traction assist will stop reducing the engine torque and increase the brake force on the wheels without traction. This transfers power to the wheels still on the ground to help allow the vehicle to regain traction and continue the drive.

In addition to these performance upgrades, the CX-5 Grand Touring Reserve includes many other premium features convenient to the driver. This includes a new eight-inch full-color touchscreen display, windshield-projected Active Driving Display, ventilated front seats, heated rear seats, heated steering wheel, windshield wiper de-icer and automatic folding door mirrors.

For the uppermost trim, the CX-5 Signature includes all of the premium features mentioned and adds an uncompromising level of styling and convenience. The windshield-projected Active Driving Display includes Traffic Sign Recognition with the Mazda Navigation System equipped. The elegant interior features supple Caturra Brown Nappa leather seats, genuine layered wood trim, unique steering wheel stitching, automatic dimming rearview frameless mirror with Homelink®, SiriusXM® 3 year traffic and travel link subscription, ambient LED lighting and a black headliner. The 360° view monitor with front and rear parking sensors, 19-inch Dark Silver finish aluminum alloy wheels and a Signature trim badge help pull together the well-appointed CX-5.

MSRP2 FOR THE 2020 MAZDA CX-5 IS AS FOLLOWS:

Front-Wheel Drive

i-Activ All-Wheel Drive

CX-5 Sport

$25,090

$26,490

CX-5 Touring

$26,730

$28,130

• Touring Preferred Package

$1,375

$1,375

CX-5 Grand Touring

$30,210

$31,610

• Grand Touring Premium Package

$1,625

$1,625

CX-5 Grand Touring Reserve

$35,035

CX-5 Signature

$37,055

  

PREMIUM PAINT COLORS:

Soul Red Crystal Metallic

$595

Machine Gray Metallic

$300

Snowflake White Pearl Mica

$200

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

____________________________________

1 MSRP does not include $1,045 for destination and handling ($1,090 in Alaska), taxes, title or additional fees. Dealers set actual sale prices.

2 MSRP does not include $1,045 for destination and handling ($1,090 in Alaska), taxes, title or additional fees. Dealers set actual sale prices.

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SOURCE Mazda North American Operations

Xoom Rolls Out Domestic Money Transfer Services in the U.S.

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SAN JOSE, Calif., Nov. 12, 2019 /PRNewswire-HISPANIC PR WIRE/ — Xoom, PayPal’s international money transfer service, today rolled out the ability for customers to send money to recipients in the U.S. for the first time. Through strategic alliances with Walmart and Ria, Americans can now use Xoom to send money fast for cash pick-up typically in minutes at nearly 5,000 locations across the country*.

Xoom’s services potentially benefit more than 44 million foreign-born people in the U.S.1 who send remittances to family and friends in their home countries. With the introduction of domestic money transfer services, Xoom will now serve even more customers, including more than half of Americans who make domestic person-to-person (P2P) payments2. Using Xoom’s mobile app or website, consumers will have the ability to send money quickly and securely for cash pick-up at any Walmart or Ria-owned store in the U.S.  

“Many of our customers in the U.S. already send money to loved ones in the country, and they usually prefer that the money is available right away,” shared Julian King, Xoom’s Vice President and General Manager. “This rollout reinforces our commitment to make money transfers fast, easy and affordable for everyone, whether they are at home or on-the-go.”

“At Ria, we are delighted to further consolidate our relationship with Xoom and Walmart,” said Juan Bianchi, CEO of Euronet’s Money Transfer Segment. “Our continued partnership is a fine example of how Ria’s technology can serve as an enabler between platforms, offering consumers and partners an added layer of security and compliance screening, in turn facilitating value creation within the Fintech ecosystem.”

Many consumers in the U.S. face personal, institutional and policy-related barriers to access the financial system. These underbanked consumers rely heavily on fringe financial service providers to conduct routine financial transactions and pay high fees in the process. With Xoom’s introduction of domestic transfers, Americans can send money at affordable rates for cash pick-up quickly at 4,684 Walmart stores and 175 Ria locations across the United States. For more information on store locations and eligible banks, visit xoom.com.

A pioneer in digital remittances, Xoom is a fast way to securely send money, pay bills and reload phones for loved ones in over 160 countries globally. These remittances serve as a lifeline for many people around the world and are used to pay for every day needs like utility bills, healthcare, and education costs, as well as emergencies. The largely cash-based system of sending money across borders is full of paperwork, high fees, standing in line and an ever-present uncertainty of when, and if, the money will arrive when it’s needed. By providing fast and more secure payment options for customers to seamlessly and securely send money across borders by going online or using a mobile device, PayPal and Xoom are helping to expand and improve the financial health of millions of people worldwide.

*Fees and Limitations apply

About PayPal
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 295 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.

About Ria Money Transfer
Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a global leader in the money transfer industry. The company is steadfast in its commitment to its clients and their communities, offering fast, secure and affordable money transfers through a network of over 385,000 locations spanning across 160 countries and online at www.riamoneytransfer.com.
For more information visit www.corporate.riafinancial.com.

1 According to the 2018 American Community Survey single-year estimates, commissioned by the U.S. Census Bureau.
2 According to data from a 2017 Aité Group survey of 1,974 U.S. consumers about their person-to-person (P2P) payments behavior.

SOURCE Xoom

2020 Hyundai Veloster Named “Fan Favorite” at the 2019 AutoFOCUS Awards

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Hyundai Motor America.

MIAMI, Nov. 12, 2019 /PRNewswire-HISPANIC PR WIRE/ — The Hyundai Veloster was named “Fan Favorite” at the 2019 AutoFOCUS Awards held at the 49th annual Miami International Auto Show. The award was announced at the annual auto show awards presentation and networking event held during opening weekend at the Miami Beach Convention Center. Determined by a panel of consumer judges in South Florida, the Hyundai Veloster was up against the 2020 Chevrolet Camaro.    

Hyundai Motor America.

“Hyundai is honored to receive the AutoFOCUS ‘Fan Favorite’ Award for the Veloster as it’s a true testament of the unique appeal and demand for our distinctive sporty coupe as this award was selected by a panel of local consumers residing in South Florida,” said Scott Margason, director, Product Planning, Hyundai Motor America. “The Hyundai Veloster offers consumers a unique and sporty design, great performance, an attractive and space efficient interior with user-friendly infotainment and connectivity features, coupled with advanced safety technologies.”

The 18th annual AutoFOCUS Awards is a design and entertainment awards event that takes place during opening weekend of the Miami International Auto Show. The AutoFOCUS Awards recognizes the best in automotive design, creativity and cultural impact in the automotive market.

“The Hyundai Veloster was the winner of the fan-favorite award this year. The feedback from our group of more than 25 consumer judges put the Veloster a hair above its competitors. The fan feedback was clear and concise, they valued the uniqueness in the design, and the clear dollar value providing more for the money. Fans found the Veloster to be a great choice for varying lifestyle options, and it’s easy to find parking attribute,” said Woodie Lesesne, co-founder, producer, AutoFOCUS Awards. 

Hyundai’s Veloster and Veloster Turbo models offer a unique two-plus-one door asymmetrical bodystyle configuration and have increased standard equipment and enhanced key exterior design elements for the 2020 model year. 

About the AutoFOCUS Awards
The AutoFOCUS Award event brings together cross-generational, Multi-Cultural influencers, from a wide range of industries. They are engaged in innovation, automotive design, performance, fashion/art and community impact. The AutoFOCUS Awards and its supporting web shows (AutoFOCUS World seen on infocustv.online) that consistently deliver premium original video and blog content. LMG Entertainment is a family-owned film, web content and events production company based in South Florida and expanding into new markets.  

Hyundai Motor America
At Hyundai Motor America, we believe everyone deserves better. From the way we design and build our cars to the way we treat the people who drive them, making things better is at the heart of everything we do. Hyundai’s technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assurance—our promise to create a better experience for customers. Hyundai vehicles are sold and serviced through more than 830 dealerships nationwide and nearly half of those sold in the U.S. are built at Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea.

Please visit our media website at www.HyundaiNews.com

Hyundai Motor America on Twitter | YouTube | Facebook | Instagram

Logo – https://mma.prnewswire.com/media/567096/Hyundai_Motor_America_Logo.jpg  

SOURCE Hyundai Motor America

Consolidated Credit and HOPE NOW present the 2019 Homebuying Fall Fair

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Meet relators, lenders, title companies, insurance experts and government officials. Attendees can receive free one-on-one HUD-approved financial coaching in both Spanish and English, and they can get help with making step-by-step plans to buy a home. Attendees can also get help identifying solutions for common barriers to home-ownership, such as weak credit, excess debt, and down payment costs.

FT LAUDERDALE, Florida, Nov. 12, 2019 /PRNewswire-HISPANIC PR WIRE/ — Buying a home is the priciest purchase most people ever make. Sadly, it’s also the most complicated. That means it’s also the most stressful, but the annual Homebuying Fair has helped thousands of South Floridians save money and time – and it’s back this month.

Meet relators, lenders, title companies, insurance experts and government officials.  Attendees can receive free one-on-one HUD-approved financial coaching in both Spanish and English, and they can get help with making step-by-step plans to buy a home. Attendees can also get help identifying solutions for common barriers to home-ownership, such as weak credit, excess debt, and down payment costs.

On Saturday, November 16, Consolidated Credit and HOPE NOW will present the 2019 Homebuying Fair at Junior Achievement of South Florida, 1130 Coconut Creek Blvd. in Coconut Creek, FL from 10 a.m. to 3 p.m.  Loan Depot is the title sponsor and are among 13 other local and national sponsors. Dedicated to helping homebuyers.  

Relators, lenders, title companies, insurance experts and government officials will be present to help homebuyers. Attendees can receive free one-on-one HUD-approved financial coaching in both Spanish and English, and they can get help with making step-by-step plans to buy a home. They also can get help identifying solutions for common barriers to homeownership, such as weak credit, excess debt, and down payment costs.

Starting at 10 a.m., the fair will present its first seminar and it will cover the topic of credit, and the three consecutive seminars will cover budgeting, mortgages and down-payment assistance. The last seminar, on down-payment assistance, ends at 2:30 p.m.

All attendees who go through the fair will be entered into an hourly $50 gift card giveaway starting at 10:30 a.m.

Lastly, special information is available for fair goers interested in VA loans for military service members and veterans. Information about current down payment and closing cost assistance programs will also be available.

Those who are unable to make the fair can request a free consultation with a HUD-certified housing counselor at homebuyingfair.com

By co-presenting this fair, Consolidated Credit hopes to help those interested in homeownership streamline the complex process of homebuying. It also hopes that attendees will be mortgage ready and educated about other factors that involve homeownership with the help of this fair.

About: Consolidated Credit is a nonprofit 501(3)c and has been assisting consumers for over 26 years. Their mission is to assists families throughout the United States in ending financial hardships through financial education and professional credit counseling. 

About: Hope Now is a national non-profit that is dedicated to home preservation. Hope Now works with communities to help improve the housing market and provide solutions to help families acquire and maintain their homes. Over ten years, Hope Now has helped over 200,000 families at their signature Homeowner Resource Fairs. The events are free and in partnership with local HUD approved agencies.

Photo – https://mma.prnewswire.com/media/1027804/Homebuying_Fall_Fair.jpg

SOURCE Consolidated Credit

Greetings from the North Pole Post Office

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US_Postal_Service_Logo

NORTH POLE, Nov. 12, 2019 /PRNewswire-HISPANIC PR WIRE/ — Santa Claus is imaginary? Not as far as your child is concerned — and the Postal Service can help you prove he’s real when your child gets a personalized letter from the big guy — complete with a North Pole postmark.

Follow these steps to ensure your children get a response letter from Santa:

  1. Have your child write a letter to Santa and place it in an envelope addressed to: Santa Claus, North Pole.
  2. Later, when alone, open the envelope and write a personalized response. To save paper, write the response on the back of the original letter.
  3. Insert the response letter into an envelope and address it to the child.
  4. Add the return address: SANTA, NORTH POLE to the envelope.
  5. Affix a First-Class Mail® stamp, such as a new Winter Berries Forever® stamp to the envelope.
  6. Place the complete envelope into a larger envelope — preferably a Priority Mail Flat Rate® envelope — with appropriate postage and address it to:

North Pole Postmark
Postmaster
4141 Postmark Drive
Anchorage, AK 99530-9998

Greetings from the North Pole Post Office must be received by the Anchorage, AK, Postmaster no later than Dec. 13. Santa’s helpers at the Postal Service will take care of the rest.

Tips

  • When responding as Santa, make the response as personal as possible by highlighting your child’s accomplishments over the past year, for example, helping around the house, receiving good grades in a particular subject at school or participating in community service activities.
  • This is a great activity to do at Thanksgiving that the whole family can enjoy, including parents, grandparents, aunts, uncles and other caregivers.

The Greetings from the North Pole Post Office program helps add to the excitement of the holidays and is a great way to get kids interested in letter writing, stamps and penmanship.

How to Write a Letter
Sending a letter to Santa is easy if you know how. The Postal Service is here to help with guides and tips to help kids write and send the best letter ever. All the information you need to write a letter, address an envelope, put on a stamp and send it on its way can be found in the Postal Service’s Holiday Newsroom. These tips are also good all year-round for sending thank you cards, birthday cards, or a letter to Grandma and Grandpa just to say “hi.”

Additional news and information, including all domestic, international and military mailing and shipping deadlines, can also be found at the Holiday Newsroom.

The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.

Please Note: For U.S. Postal Service media resources, including broadcast quality video and audio and photo stills, visit the USPS Newsroom. Follow us on Twitter, Instagram, Pinterest, and LinkedIn. Subscribe to the USPS YouTube Channel, like us on Facebook and enjoy our Postal Posts blog. For more information about the Postal Service, visit usps.com and facts.usps.com.

More USPS holiday news, including shipping deadlines and letters to Santa, can be found at usps.com/holidaynews. For reporters interested in speaking with a regional Postal Service public relations professional, please go to about.usps.com/news/media-contacts/usps-local-media-contacts.pdf.

Contact: Kim Frum
kimberly.a.frum@usps.gov
usps.com/news

Logo – https://mma.prnewswire.com/media/645058/US_Postal_Service_Logo.jpg

SOURCE U.S. Postal Service

Galvanize And City Of New York Deliver Tech Training To Underrepresented New Yorkers

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Galvanize is a technology learning platform and community for data scientists, engineers and entrepreneurs. The Galvanize blended learning platform combines online education and in-person training to deliver the most relevant and in-demand technology skills to consumers, startups and enterprise organizations. Visit Galvanize.com for more detail.

NEW YORK, Nov. 12, 2019 /PRNewswire-HISPANIC PR WIRE/ — As we celebrate National Entrepreneurship Month, the city of New York and technology leaders, including Galvanize, are making progress in building a qualified, local talent pool to fill in-demand tech jobs by delivering tech training to underrepresented New Yorkers.

Galvanize is a technology learning platform and community for data scientists, engineers and entrepreneurs. The Galvanize blended learning platform combines online education and in-person training to deliver the most relevant and in-demand technology skills to consumers, startups and enterprise organizations. Visit Galvanize.com for more detail.

Galvanize, the nation’s leading provider of software engineering and data science immersive training, is eagerly anticipating the first round of graduates of an innovative new program that is preparing New Yorkers with limited tech experience for in-demand data analyst jobs.

The Data Analyst Training Accelerator (DATA), part of the NYC Tech Talent Pipeline (TTP) portfolio managed by the NYC Department of Small Business Services (SBS), aims to provide an accessible pathway to data analyst careers for underrepresented New Yorkers, including those who are seeking an alternative to a four-year degree.

In August, Galvanize welcomed the program’s first 16 students to its unique data science technology ecosystem to learn in-demand skills such as advanced Excel, SQL, Python, and digital marketing-related analytics, as well as career advancement and interview skills. These students will graduate in January. Upon completion, students will get the opportunity to present their Capstone Project at a hiring day event attended by employers from New York City.

More than 60 percent of the class identifies as a minority and 56 percent identifies as female, two demographics that are traditionally underrepresented in the tech world.

The program will begin taking new applications in February 2020 for its next class of 34 students. Eligible applicants must be 18, be unemployed or make under $45,000 a year and have no professional experience as a data analyst.

“Galvanize is dedicated to closing the skills gap that exists in technology today, and we’re thrilled that the City of New York not only recognizes this need as well, but has dedicated resources toward equipping New Yorkers with the tools they need to participate in the city’s growing technology economy today and in the future,” said Harsh Patel, CEO, Galvanize.

The training initiative was designed in partnership with New York City’s Tech Talent Pipeline and leading New York City-based tech companies to build a qualified, local talent pool to fill in-demand tech jobs. According to Burning Glass Technologies, over the past five years, demand for data analysts in New York City has grown by 50%, and demand for data analysts early in their careers, with 0-2 years of experience, has increased by 112%.

DATA is made possible through over $800,000 in funding from New York City Department of Small Business Services and a partnership with Galvanize. For more information on DATA, visit ttp.nyc .

About Galvanize

Galvanize offers the Galvanize Data Science Immersive bootcamp and the Hack Reactor Software Engineering bootcamp across all of its campuses. Galvanize has nine physical campuses across the U.S. where innovative startups, aspiring students and large enterprises come together. In addition to its physical campuses, Galvanize offers full-time and part-time immersive bootcamps remotely. Galvanize is backed by investors including, but not limited to, Catalyst Investors, ABS Capital Partners, University Ventures, New Markets Venture Partners and Colorado Impact Fund. Learn more at Galvanize. 

About the NYC Tech Talent Pipeline

Launched by Mayor Bill de Blasio in 2014, the NYC Tech Talent Pipeline is the City’s tech Industry Partnership, designed to support the inclusive growth of the NYC tech sector by delivering quality jobs for New Yorkers and qualified talent for the City’s businesses. The Tech Talent Pipeline works with 275 companies, 17 local colleges, and additional public and private partners to define employer needs, develop training and education models to meet these needs, and scale solutions throughout the City, delivering quality talent for the City’s businesses and quality jobs for New Yorkers. The NYC Tech Talent Pipeline is a public-private partnership between the NYC Department of Small Business Services, the Workforce Funders, and JPMorgan Chase Foundation. techtalentpipeline.nyc/

About NYC Department of Small Business Services’ Industry Partnerships

The NYC Tech Talent Pipeline is one of SBS’s five industry partnerships that work with employers, industry and trade organizations, organized labor, non-profits, training providers and educational institutions, private philanthropy, and workforce organizations to build a sustainable and robust pipeline of local talent to fill New York City’s jobs, create formal career paths to good jobs, reduce barriers to employment and sustain or increase middle-class jobs. Other industry partnerships include the construction, healthcare, hospitality, and industrial fields.

About the Department of Small Business Services (SBS)

SBS helps unlock economic potential and create economic security for all New Yorkers by connecting New Yorkers to good jobs, creating stronger businesses, and building a fairer economy in neighborhoods across the five boroughs. For more information on all SBS services, go to nyc.gov/sbs, call 311, and follow us on Facebook, Twitter, and Instagram.

Logo – https://mma.prnewswire.com/media/511609/Galvanize_Logo.jpg

SOURCE Galvanize

Royal Palm Companies Launches Sales of Legacy Hotel & Residences; Downtown Miami’s First Luxury Branded Mixed-Use Tower

0
Rendering of Legacy Hotel and Residences

MIAMI, Nov. 11, 2019 /PRNewswire-HISPANIC PR WIRE/ — Miami-based real estate developer Royal Palm Companies (RPC), officially launched sales for Downtown Miami’s newest mixed-use tower, Legacy Hotel & Residences, the soaring branded skyscraper in the heart of mega-project Miami Worldcenter (MWC).

Rendering of Legacy Hotel and Residences

On the heels of the successful completion of PARAMOUNT Miami Worldcenter residential tower and its famous Sky-Port, developer Dan Kodsi aims to transform Miami’s skyline again, this time in the hospitality and branded residence market. Located at 942 Northeast First Avenue, Legacy is expected to break ground in 2020 in the heart of one of Miami’s most sought-after neighborhoods.

Bringing international flair to the downtown skyline, the neo-futurism-inspired tower features 278 branded residences sitting atop a 255-room hotel. OneWorld Properties will be leading marketing and sales.

RPC continues on its path to change the paradigm in real estate development with first-of-its-kind amenities, including ground floor retail, a hotel and microLUXE residences. Signature pieces of the tower include a sophisticated members-only international business lounge, dramatic cantilevered, Singapore-inspired pool, downtown’s largest hotel pool deck set on one acre, a first-of-its-kind medical and wellness center, all topped with the project’s signature amenity: the city’s first enclosed rooftop atrium, taking up the top seven floors of the tower.

Designed for the innovative and cosmopolitan traveler seeking a home away from home, Legacy Hotel & Residences aims to disrupt the condo space by introducing microLUXE living to Miami. The concept will offer homeowners luxury small living with the flexibility to live in or rent their home without rental restrictions, which will fulfill the demand of a rapidly growing and more international downtown core.

Legacy’s microLUXE residences range from 400 square feet to 949 square feet with studios and two-bedroom units. RPC takes the micro-living movement to the next level with their microLUXE concept, where each residence will offer the functionality of a micro-style home with the high-quality design and superior finishes of an elite luxury condominium. All residences will be equipped with a full kitchen and washer and dryer combinations.

“When travelers come to Miami and stay on the beach, they find themselves inevitably crossing the bridge to the mainland, where all the latest attractions are; from Wynwood, the Miami Design District to the American Airlines Arena and Pérez Art Museum Miami. We’ve seen the tourism growth and are filling a void for the leisure traveler who doesn’t have a downtown hotel with resort-style amenities in the center of it all,” said Dan Kodsi, Developer at RPC.

These small ergonomic but bespoke residences by RPC’s in-house design team in collaboration with Kobi Karp Architects and IDDI will offer buyers the freedom to rent their microLUXE residences without any restrictions. Residents will have the option to rent on their own or through the tower’s hotel rental program, offsetting carrying and maintenance costs.

“With our experience selling Downtown Miami through previous projects during its various real estate cycles, we understand the downtown buyers and their demands,” said Peggy Olin, CEO of OneWorld Properties. “We are bringing our buyers from over 60 countries an alternative pied-à-terre – the piece that was missing— for residents who seek small living and large experiences,” she said.

Legacy Hotel & Residences will become an iconic centerpiece of Miami Worldcenter, one of the largest private real estate developments underway in the United States. The ten-block project will include world-class retail, hospitality and residential uses in the center of Miami’s urban core. Providing unmatched accessibility, Legacy Hotel & Residences is conveniently located next to I-95 and I-395, as well as the Virgin MiamiCentral Station, the Metrorail and Metromover stations.

Legacy Hotel & Residences start at $300,000. For more information about the development, visit the on-site sales gallery. Information can soon be found at www.legacymiami.com

About Royal Palm Companies

Daniel Kodsi is a real estate industry veteran with more than 25 years of experience developing a diversified portfolio of mixed-use, multi-family, condominium and planned single-family developments. With $2 billion in completed projects, he brings a proven track record of identifying underserved market opportunities, executing complex large-scale projects, and generating value for private and institutional investors. With 27 separate development projects completed and underway and more than 6,000 units successfully developed or repositioned, he is consistently credited for defining new neighborhoods with award-winning projects. 

About OneWorld Properties

OneWorld Properties, led by Peggy Olin Fucci, is a Florida-based full-service real estate brokerage firm offering elite services for luxury properties as well as integrated sales and marketing for residential development condominium projects. With nearly 20 years of experience, OneWorld Properties is an international leader in luxury real estate marketing and sales reaching markets in Asia, Europe and South America through their knowledgeable and multilingual staff. Nationally, the OneWorld Properties brand is also recognized for their work in New York, Los Angeles, Houston and Atlanta.

Media Contacts

Camila Gamero  
QUINN PR  
cgamero@quinn.pr

Stephanie Ramirez 
QUINN PR 
sramirez@quinn.pr 

Photo – https://mma.prnewswire.com/media/1026057/Legacy_Hotel_and_Residences.jpg

SOURCE Royal Palm Companies

Keurig Dr Pepper Reports Q3 Results and Reaffirms Full-Year Adjusted Diluted EPS Guidance

0
Keurig_Dr_Pepper_logo

BURLINGTON, Massachusetts and PLANO, Texas, Nov. 7, 2019 /PRNewswire-HISPANIC PR WIRE/ — Keurig Dr Pepper Inc. (NYSE: KDP) today reported financial results for the third quarter ended September 30, 2019 and reaffirmed guidance for Adjusted diluted EPS1 growth of 15% to 17% for the full year.

GAAP performance in the third quarter of 2019 was impacted by the merger between Keurig Green Mountain and Dr Pepper Snapple Group, which was completed on July 9, 2018.  Compared to the prior year period, net sales advanced 5.1% to $2.87 billion, operating income increased 68% to $580 million and earnings per diluted share (“diluted EPS”) grew 91% to $0.21.

The net sales of $2.87 billion in the third quarter of 2019 advanced 0.5%, compared to Adjusted pro forma net sales of $2.86 billion in the prior year period, reflecting strong underlying net sales growth of 3.1%, partially offset by the unfavorable impact of changes in the Company’s Allied Brands portfolio.  Adjusted diluted EPS increased 6.7% to $0.32 in the third quarter, compared to Adjusted pro forma diluted EPS of $0.30 in the year-ago period.

Commenting on the announcement, Keurig Dr Pepper Chairman and CEO Bob Gamgort stated, “KDP’s third quarter results continued to track well with the ambitious long-term targets we established nearly two years ago. Our underlying net sales growth in the quarter accelerated to 3.1%, with balanced contribution from volume/mix and pricing. Healthy underlying growth in all four segments, combined with margin expansion, enabled strong earnings growth, cash generation and continued debt reduction.”

 ___________________________________

1 Adjusted financial metrics used in this release are non-GAAP measures and refer to results in 2019.  Adjusted pro forma financial metrics also used in this release for results in 2018 are also non-GAAP measures and assume the merger occurred on December 31, 2016 and adjust for other items affecting comparability.  See reconciliations of GAAP results to Adjusted results, in the case of 2019 metrics, and to Adjusted pro forma results, in the case of 2018 metrics, in the accompanying tables.

Third Quarter Consolidated Results
The GAAP net sales growth of 5.1% to $2.87 billion in the third quarter of 2019, compared to $2.73 billion in the year-ago quarter, primarily reflected the impact of the merger.  Compared to Adjusted pro forma net sales of $2.86 billion in the third quarter of 2018, net sales advanced 0.5%, reflecting strong underlying net sales growth of 3.1%, driven by increased volume/mix of 1.5% and higher net price realization of 1.6%. Also benefiting the quarter was a 0.3% impact from an additional shipping day.  Partially offsetting these positive drivers was the unfavorable impact of changes in the Company’s Allied Brands portfolio totaling 2.7%, as well as unfavorable foreign currency translation of 0.2%.

KDP in-market performance2 was solid in the third quarter of 2019, growing dollar consumption and gaining market share in several key categories, including CSDs3, premium unflavored still water, shelf stable fruit drinks and shelf stable apple juice. This performance reflected the strength of Dr Pepper and Canada Dry CSDs, CORE Hydration, Snapple juice drinks and Motts apple juice. In coffee, retail consumption of single-serve pods manufactured by KDP grew approximately 2% in IRi tracked channels, with accelerated growth continuing in untracked channels, particularly e-commerce and Canada.  This performance of tracked and untracked channels is consistent with the Company’s pod shipment volume growth of 6.1%. Dollar market share of KDP manufactured pods in tracked channels in the US remained strong at 81.4% in the latest 52-week period ending September.

Operating income increased to $580 million in the third quarter of 2019, compared to $345 million in the year-ago period, primarily reflecting the impact of the merger, partially offset by the unfavorable year-over-year impact of items affecting comparability.  

Adjusted operating income advanced 8.0% to $754 million in the third quarter of 2019, compared to Adjusted pro forma operating income of $698 million in the year-ago period.  Driving the performance in the third quarter was the strong growth in underlying net sales, along with continued strong productivity and merger synergies, both of which benefitted cost of goods sold and SG&A.  Partially offsetting these growth drivers were inflation, particularly in packaging and logistics, and the unfavorable comparison versus year-ago of the $6 million gain recorded in the third quarter of 2018 in connection with the Big Red acquisition.  Adjusted operating margin advanced 190 basis points to 26.3% in the third quarter.  

Net income more than doubled to $304 million in the third quarter of 2019, compared to $149 million in the year-ago period, primarily reflecting the impact of the merger, partially offset by the unfavorable year-over-year impact of items affecting comparability. Diluted EPS grew 91% to $0.21 in the third quarter of 2019, compared to diluted EPS of $0.11 in the year-ago period.

Adjusted net income advanced 8.2% to $451 million in the third quarter of 2019, compared to Adjusted pro forma net income of $417 million in the year-ago period.  This performance primarily reflected the growth in Adjusted operating income, a lower effective tax rate and reduced interest expense due to lower outstanding indebtedness, partially offset by the unfavorable comparison versus the year-ago benefit of a $24 million pre-tax gain from Bodyarmor.  Excluding this gain as well as the aforementioned $6 million gain related to the Big Red acquisition, Adjusted net income grew by approximately 14%. Adjusted diluted EPS increased 6.7% to $0.32, compared to Adjusted pro forma diluted EPS of $0.30 in the year-ago period, reflecting the growth in Adjusted net income, partially offset by an increase in diluted shares outstanding, largely due to the acquisition of Core Nutrition LLC in November 2018 which was primarily financed through the issuance of additional shares. Excluding the aforementioned gains on Bodyarmor and Big Red in the third quarter of 2018, Adjusted diluted EPS advanced 13%.

Free cash flow was again strong in the quarter, due to growth in operating income and ongoing effective working capital management, enabling the Company to pay down $423 million of structured payables and reduce outstanding debt by $71 million, for a total of $494 million in net repayments in the quarter. For the first nine months of 2019, free cash flow totaled $1.6 billion and the Company reduced outstanding debt by $788 million and paid down $432 million of structured payables, bringing the structured payables balance to $338 million at the end of the third quarter.

___________________________________

2 In-market performance (retail consumption; market share) based on Keurig Dr Pepper’s custom IRi category definitions.

3 CSD refers to “Carbonated Soft Drink”.

Third Quarter Segment Results

Coffee Systems
Net sales for the third quarter of 2019 increased 1.1% to $1.07 billion, compared to $1.05 billion in the year-ago period, reflecting higher volume/mix of 3.1%, partially offset by lower net price realization of 1.9% and unfavorable foreign currency translation of 0.1%.  The volume/mix increase of 3.1% reflected strong pod volume growth of 6.1%, despite the previously-disclosed shift of certain pod shipments from the third quarter of 2019 into the second quarter, as well as strong brewer volume growth of 8.0%. Partially offsetting the strong pod volume growth was unfavorable pod sales mix, primarily reflecting the mix impact of higher shipments to branded partners in the third quarter of 2019 versus year-ago.

Operating income for Coffee Systems declined 7.2% to $310 million in the third quarter of 2019, compared to $334 million in the year-ago period. Adjusted operating income in the quarter declined 3.4% to $367 million, compared to Adjusted pro forma operating income of $380 million in the year-ago period, primarily reflecting unfavorable mix and pricing, inflation in packaging and logistics and higher brewer investments. Partially offsetting these drivers were the strong volume growth, productivity and merger synergies. Adjusted operating margin declined 160 basis points versus year-ago to 34.5%.

On a nine month basis, which excludes the quarter-to-quarter timing impacts referenced above, net sales versus year-ago advanced 2.5% and operating income advanced 2.9%. On an Adjusted pro forma basis, net sales advanced 2.3% and Adjusted operating income advanced 3.7%.

Packaged Beverages
Net sales for the third quarter of 2019 increased 5.6% to $1.31 billion, compared to net sales of $1.24 million in the year-ago period, primarily reflecting the impact of the merger. Compared to Adjusted pro forma net sales of $1.34 billion in the third quarter of 2018, net sales decreased 2.2%, reflecting underlying net sales growth of 3.1%, driven by higher net price realization of 2.7% and increased volume/mix of 0.4%.  Also benefiting the comparison was a 0.6% impact from an additional shipping day in the third quarter of 2019.  More than offsetting these growth drivers was the unfavorable impact of changes in the Allied Brands portfolio totaling 5.8% and unfavorable foreign currency translation of 0.1%.

Driving the underlying net sales growth in the quarter were CORE Hydration, Canada Dry, Dr Pepper, Motts, Sunkist and A&W, while Bai declined.  Contract manufacturing also grew in the quarter. 

Operating income for Packaged Beverages was $196 million in the third quarter of 2019, compared to $61 million in the year-ago period.  Adjusted operating income in the quarter advanced 23% to $201 million, compared to Adjusted pro forma operating income of $164 million in the year-ago period, largely reflecting strong productivity and merger synergies, the growth in underlying net sales and lower marketing expense due to timing.  Partially offsetting these positive drivers was inflation, primarily in packaging, ingredients and logistics.  Adjusted operating margin grew 310 basis points versus year-ago to 15.4%. 

Beverage Concentrates
Net sales for the third quarter of 2019 increased 14% to $360 million, compared to net sales of $317 million in the year-ago period, primarily reflecting the impact of the merger. Compared to Adjusted pro forma net sales of $331 in the third quarter of 2018, net sales increased 8.8%, reflecting higher net price realization of 6.5% and favorable volume/mix of 2.3%.

Dr Pepper continued to fuel the strong growth in net sales for the segment, along with the strength of Canada Dry, Big Red and Sunkist.  Shipment volume increased 1.6% compared to the year-ago period and was also largely driven by Dr Pepper, Canada Dry, Big Red and Sunkist.  Bottler case sales volume increased 2.1% in the quarter compared to the year-ago period. 

Operating income for Beverage Concentrates was $245 million in the third quarter of 2019, compared to $193 million in the year-ago period.  Adjusted operating income in the quarter increased 20% to $244 million, compared to Adjusted pro forma operating income of $204 million in the year-ago period, primarily reflecting the strong growth in net sales as well as merger synergies and productivity.  Adjusted operating margin grew 620 basis points versus year-ago to 67.8%.

Latin America Beverages
Net sales for the third quarter of 2019 increased 11% to $138 million, compared to net sales of $124 million in the year-ago period, primarily reflecting the impact of the merger. Compared to Adjusted pro forma net sales of $136 million in the third quarter of 2018, net sales increased 1.5%, reflecting higher net price realization of 5.2%, partially offset by unfavorable volume/mix of 1.5% and unfavorable foreign currency translation of 2.2%.

Operating income for Latin America Beverages totaled $25 million in the third quarter of 2019, compared to $15 million in the year-ago period.  Adjusted operating income in the quarter totaled $25 million, compared to Adjusted pro forma operating income of $27 million in the year-ago period. The decline versus year-ago reflected inflation in logistics and ingredients and higher marketing investment, partially offset by the growth in net sales and productivity.

KDP Adjusted Pro forma Outlook for 2019
The Company reaffirmed Adjusted diluted EPS growth in 2019 in the range of 15% to 17%, or $1.20 to $1.22 per diluted share, in line with its long-term merger target.  Supporting this guidance are the following expectations:

  • Underlying net sales growth approximating 3%, which is at the high end of the Company’s long-term merger target of 2-3%, reflecting stronger performance of core brands, with a slower ramp of Allied Brands.
  • Merger synergies of $200 million are expected in 2019, consistent with the Company’s long-term merger target for $200 million per year over the 2019-2021 period.
  • Adjusted other (income)/expense, net is expected to approximate $30 million of expense in 2019 and assumes no gains related to changes in the Allied Brands portfolio.
  • Adjusted interest expense is expected to be in the range of $550 million to $565 million, including the $40 million first-half 2019 benefit of unwinding interest rate swap contracts.
  • The Adjusted effective tax rate is expected to be in the range of 25.0% to 25.5%.
  • Diluted weighted average shares outstanding are estimated to be approximately 1,420 million.
  • Free Cash Flow generation is expected to be in the range of $2.3 billion to $2.5 billion.
  • Management leverage ratio is expected to be in the range of 4.4x to 4.5x at year end 2019.

As a result of continued significant cash flow generation the Company expects, KDP also reaffirmed its guidance of achieving a management leverage ratio below 3.0x in two to three years from the July 2018 closing of the merger.

Investor Contacts:
Tyson Seely
Keurig Dr Pepper
T: 781-418-3352 / tyson.seely@kdrp.com

Steve Alexander
Keurig Dr Pepper
T: 972-673-6769 / steve.alexander@kdrp.com

Media Contact:
Katie Gilroy
Keurig Dr Pepper
T: 781-418-3345 / katie.gilroy@kdrp.com

About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a leading coffee and beverage company in North America, with annual revenue in excess of $11 billion. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. The Company maintains an unrivaled distribution system that enables its portfolio of more than 125 owned, licensed and partner brands to be available nearly everywhere people shop and consume beverages. With a wide range of hot and cold beverages that meet virtually any consumer need, KDP key brands include Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott’s®, CORE® and The Original Donut Shop®. The Company employs more than 25,000 employees and operates more than 120 offices, manufacturing plants, warehouses and distribution centers across North America.  For more information, visit www.keurigdrpepper.com.

FORWARD LOOKING STATEMENTS
Certain statements contained herein are “forward-looking statements” within the meaning of applicable securities laws and regulations. These forward-looking statements can generally be identified by the use of words such as “outlook,” “guidance,” “anticipate,” “expect,” “believe,” “could,” “estimate,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “will,” “would,” and similar words, phrases or expressions and variations or negatives of these words, although not all forward-looking statements contain these identifying words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements regarding the estimated or anticipated future results of the combined company following the combination of Keurig Green Mountain, Inc. (“KGM”) and Dr Pepper Snapple Group, Inc. (“DPSG” and such combination, the “transaction”), the anticipated benefits of the transaction, including estimated synergies and cost savings, the long-term merger targets, and other statements that are not historical facts. These statements are based on the current expectations of our management and are not predictions of actual performance.

These forward-looking statements are subject to a number of risks and uncertainties regarding the combined company’s business and the combination and actual results may differ materially. These risks and uncertainties include, but are not limited to: (i) the impact the significant additional debt incurred in connection with the transaction may have on our ability to operate our combined business, (ii) risks relating to the integration of the KGM and DPS operations, products and employees into the combined company and assumption of certain potential liabilities of KGM and the possibility that the anticipated synergies and other benefits of the combination, including cost savings, will not be realized or will not be realized within the expected timeframe, and (iii) risks relating to the combined businesses and the industries in which our combined company operates. These risks and uncertainties, as well as other risks and uncertainties, are more fully discussed in the Company’s filings with the SEC, including our Current Report on Form 10-K filed with the SEC on February 28, 2019, and our subsequent filings with the SEC. While the lists of risk factors presented here and in our public filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Any forward-looking statement made herein speaks only as of the date of this document. We are under no obligation to, and expressly disclaim any obligation to, update or alter any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by applicable laws or regulations.

NON-GAAP FINANCIAL MEASURES
This release includes certain non-GAAP financial measures including Adjusted operating income, Adjusted net income, Adjusted pro forma net sales, Adjusted pro forma operating income, and Adjusted diluted EPS, which differ from results using U.S. Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures should be considered as supplements to the GAAP reported measures, should not be considered replacements for, or superior to, the GAAP measures and may not be comparable to similarly named measures used by other companies. Non-GAAP financial measures typically exclude certain charges, including one-time costs related to the transaction and integration activities, which are not expected to occur routinely in future periods. The Company uses non-GAAP financial measures internally to focus management on performance excluding these special charges to gauge our business operating performance, and to provide a meaningful comparison of the Company’s performance to periods prior to the transaction. Management believes this information is helpful to investors because it increases transparency and assists investors in understanding the underlying performance of the Company and in the analysis of ongoing operating trends. Additionally, management believes that non-GAAP financial measures are frequently used by analysts and investors in their evaluation of companies, and its continued inclusion provides consistency in financial reporting and enables analysts and investors to perform meaningful comparisons of past, present and future operating results. The most directly comparable GAAP financial measures and reconciliations to non-GAAP financial measures are set forth in the appendix to this presentation and included in the Company’s filings with the SEC.

See the attached schedules for the supplemental financial data and corresponding reconciliations of KDP Adjusted net income, Adjusted operating income, Adjusted pro forma net sales, Adjusted pro forma operating income, and Adjusted diluted EPS.

To the extent that the Company provides guidance, it does so only on a non-GAAP basis and does not provide reconciliations of such forward-looking non-GAAP measures to GAAP due to the inability to predict the amount and timing of impacts outside of the Company’s control on certain items, such as non-cash gains or losses resulting from mark-to-market adjustments of derivative instruments, among others.

KEURIG DR PEPPER INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

For the Third Quarter and First Nine Months of 2019 and 2018

(Unaudited)

Third Quarter

First Nine Months

(in millions, except per share data)

2019

2018

2019

2018

Net sales

$

2,870

$

2,732

$

8,186

$

4,629

Cost of sales

1,245

1,367

3,537

2,292

Gross profit

1,625

1,365

4,649

2,337

Selling, general and administrative expenses

1,012

1,028

2,951

1,649

Other operating expense (income), net

33

(8)

33

(2)

Income from operations

580

345

1,665

690

Interest expense

158

172

497

221

Interest expense – related party

51

Loss on early extinguishment of debt

11

9

13

Other expense (income), net

9

(33)

15

(28)

Income before provision for income taxes

413

195

1,144

433

Provision for income taxes

109

46

296

110

Net income

304

149

848

323

Less: Net income attributable to employee redeemable non-controlling interest and mezzanine equity awards

3

Net income attributable to KDP

$

304

$

149

$

848

$

320

Earnings per common share:

Basic

$

0.22

$

0.11

$

0.60

$

0.33

Diluted

0.21

0.11

0.60

0.32

Weighted average common shares outstanding:

Basic

1,406.8

1,361.8

1,406.6

983.0

Diluted

1,419.4

1,373.6

1,418.8

994.1

 

KEURIG DR PEPPER INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

As of September 30, 2019 and December 31, 2018

(Unaudited)

September 30,

December 31,

(in millions, except share and per share data)

2019

2018

Assets

Current assets:

Cash and cash equivalents

$

74

$

83

Restricted cash and restricted cash equivalents

28

46

Trade accounts receivable, net

1,090

1,150

Inventories

751

626

Prepaid expenses and other current assets

326

254

Total current assets

2,269

2,159

Property, plant and equipment, net

2,236

2,310

Investments in unconsolidated affiliates

164

186

Goodwill

20,112

20,011

Other intangible assets, net

24,031

23,967

Other non-current assets

561

259

Deferred tax assets

27

26

Total assets

$

49,400

$

48,918

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$

2,976

$

2,300

Accrued expenses

1,066

1,012

Structured payables

338

526

Short-term borrowings and current portion of long-term obligations

1,761

1,458

Other current liabilities

409

406

Total current liabilities

6,550

5,702

Long-term obligations

13,147

14,201

Deferred tax liabilities

6,022

5,923

Other non-current liabilities

767

559

Total liabilities

26,486

26,385

Commitments and contingencies

Stockholders’ equity:

Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued

Common stock, $0.01 par value, 2,000,000,000 shares authorized, 1,406,787,332 and 1,405,944,922 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively

14

14

Additional paid-in capital

21,539

21,471

Retained earnings

1,388

1,178

Accumulated other comprehensive loss

(27)

(130)

Total stockholders’ equity

22,914

22,533

Total liabilities and stockholders’ equity

$

49,400

$

48,918

 

KEURIG DR PEPPER INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

For The First Nine Months of 2019 and 2018

(Unaudited)

First Nine Months

(in millions)

2019

2018

Operating activities:

Net income

$

848

$

323

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation expense

271

150

Amortization expense

259

144

Provision for sales returns

25

38

Deferred income taxes

(5)

(117)

Employee stock based compensation expense

47

21

Loss on early extinguishment of debt

9

13

Gain on step acquisition of unconsolidated subsidiaries

(6)

Unrealized (gain) or loss on foreign currency

(22)

7

Unrealized (gain) loss on derivatives

60

(6)

Equity in loss of unconsolidated affiliates

38

12

Other, net

14

21

Changes in assets and liabilities, net of effects of acquisition:

Trade accounts receivable

36

48

Inventories

(124)

91

Income taxes receivable, prepaid and payables, net

(9)

34

Other current and non-current assets

(156)

(108)

Accounts payable and accrued expenses

561

391

Other current and non-current liabilities

(49)

7

Net change in operating assets and liabilities

259

463

Net cash provided by operating activities

1,803

1,063

Investing activities:

Acquisitions of businesses

(8)

(19,124)

Cash acquired in acquisitions

150

Issuance of related party note receivable

(22)

(6)

Investments in unconsolidated affiliates

(16)

(23)

Proceeds from capital distributions from investments in unconsolidated affiliates

36

Purchases of property, plant and equipment

(208)

(104)

Proceeds from sales of property, plant and equipment

19

1

Purchases of intangibles

(4)

Other, net

23

Net cash used in investing activities

(216)

(19,070)

Financing activities:

Proceeds from issuance of common stock private placement

9,000

Proceeds from unsecured credit facility

1,900

Proceeds from senior unsecured notes

8,000

Proceeds from term loan

2,000

2,700

Net Issuance of commercial paper

335

1,386

Proceeds from structured payables

246

432

Payments on structured payables

(432)

Payments on senior unsecured notes

(250)

Repayment of unsecured credit facility

(1,900)

Repayment of term loan

(2,873)

(3,363)

Payments on finance leases

(29)

(20)

Deferred financing charges paid

(49)

Cash contributions from redeemable non-controlling interest shareholders

19

Cash dividends paid

(633)

(23)

Other, net

10

2

Net cash (used in) provided by financing activities

(1,626)

18,084

Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:

Operating, investing and financing activities

(39)

77

Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents

12

(50)

Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period

139

95

Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period

$

112

$

122

 

KEURIG DR PEPPER INC.

RECONCILIATION OF SEGMENT INFORMATION

(Unaudited)

Third Quarter

First Nine Months

(in millions)

2019

2018

2019

2018

Net Sales

Coffee Systems

$

1,065

$

1,053

$

3,023

$

2,950

Packaged Beverages

1,307

1,238

3,734

1,238

Beverage Concentrates

360

317

1,034

317

Latin America Beverages

138

124

395

124

Total net sales

$

2,870

$

2,732

$

8,186

$

4,629

Income from Operations

Coffee Systems

$

310

$

334

$

890

$

865

Packaged Beverages

196

61

531

61

Beverage Concentrates

245

193

690

193

Latin America Beverages

25

15

62

15

Unallocated corporate costs

(196)

(258)

(508)

(444)

Total income from operations

$

580

$

345

$

1,665

$

690

Unaudited Pro Forma Financial Information

On January 29, 2018, DPS entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among DPS, Maple and Salt Merger Sub, Inc. (“Merger Sub”), whereby Merger Sub will be merged with and into Maple, with Maple surviving the merger as a wholly-owned subsidiary of DPS (the “Transaction”). The Transaction was consummated on July 9, 2018 (the “Merger Date”), at which time DPS changed its name to “Keurig Dr Pepper Inc.”.

Immediately prior to the consummation of the Transaction (the “Effective Time”), each share of common stock of Maple  issued and outstanding was converted into the right to receive a number of fully paid and nonassessable shares of common stock of Merger Sub determined pursuant to an exchange ratio set forth in the Merger Agreement (the “Acquisition Shares”). As a result of the Transaction, the stockholders of Maple as of immediately prior to the Effective Time own approximately 87% of DPS common stock following the closing and the stockholders of DPS as of immediately prior to the Effective Time own approximately 13% on a fully diluted basis. Upon consummation of the Transaction, DPS declared a special cash dividend equal to $103.75 per share, subject to any withholding of taxes required by law, payable to holders of its common stock as of the record date for the special dividend.

The following unaudited pro forma combined financial information for the third quarter and first nine months of 2018 is based on the actual third quarter financial statements of KDP after giving effect to the Transaction and the assumptions, reclassifications and adjustments described in the accompanying notes to this financial information. The financial information is presented as if the Transaction had been consummated on December 31, 2016, and combines the historical results of DPS and Maple. Refer to the Summary of Pro Forma Adjustments and Summary of Reclassifications below for details of the reclassifications and adjustments applied to the historical financial statements of DPS and of Maple, which is now reflected under the KDP column.

The pro forma financial information was prepared using the acquisition method of accounting, which requires, among other things, that assets acquired and liabilities assumed in a business combination be recognized at their fair values as of the completion of the acquisition. We utilized fair values at the Merger Date for the allocation of consideration to the net tangible and intangible assets acquired and liabilities assumed. The historical consolidated financial statements have been adjusted in the accompanying financial information to give effect to unaudited pro forma events that are (1) directly attributable to the transaction, (2) factually supportable, and (3) are expected to have a continuing impact on the results of operations of KDP.

The financial information has been prepared based upon currently available information and assumptions deemed appropriate by the Company’s management. This financial information is not necessarily indicative of what our results of operations actually would have been had the Transaction been completed as of December 31, 2016. In addition, the financial information is not indicative of future results or current financial conditions and does not reflect any anticipated synergies, operating efficiencies, cost savings or any integration costs that may result from the Transaction. The financial information should be read in conjunction with historical financial statements and accompanying notes filed with the SEC.

Summary of Pro Forma Adjustments

Pro forma adjustments included in the Pro Forma Combined Statements of Income are as follows:

a. 

A decrease in Net sales to remove the historical deferred revenue associated with DPS’ arrangements with PepsiCo, Inc. and The Coca-Cola Company, which were eliminated in the fair value adjustments for DPS as part of purchase price accounting.

b. 

An increase in Net sales to remove the historical amortization of certain capitalized upfront customer incentive program payments. These were eliminated in the fair value adjustments for DPS as these upfront payments were revalued within the customer relationship intangible assets recorded in purchase price accounting.

c. 

Adjustments to Selling, general and administrative (“SG&A”) expenses due to changes in amortization as a result of the fair value adjustments for DPS’ intangible assets with definite lives as part of purchase price accounting.

d. 

Adjustments to SG&A expenses due to changes in depreciation as a result of the fair value adjustments for DPS’ property, plant and equipment as part of purchase price accounting.

e. 

A decrease to SG&A expenses for both DPS and KDP (Maple) to remove non-recurring transaction costs as a result of the Transaction.

f. 

Removal of the Interest expense – related party caption for KDP (Maple), as the related party debt was capitalized into Additional paid-in capital immediately prior to the Transaction.

g. 

Adjustments to Interest expense to remove the historical amortization of deferred debt issuance costs, discounts and premiums and to record incremental amortization as a result of the fair value adjustments for DPS’ senior unsecured notes as part of purchase price accounting.

h. 

Adjustments to Interest expense to record incremental interest expense and amortization of deferred debt issuance costs for borrowings related to the Transaction.

i. 

Removal of the Net income attributable to employee redeemable non-controlling interest and mezzanine equity awards caption as the Maple non-controlling interest was eliminated to reflect the capital structure of the combined company.   

 

Keurig Dr Pepper Inc.

Pro Forma Condensed Combined Statement of Income

For the Third Quarter of 2018

(Unaudited)

(in millions, except per share data)

Reported

KDP(1)

July 1 – July 9,

2018(2)

Pro Forma

Adjustments(3)

Pro Forma

Combined

Net sales

$

2,732

$

125

$

(1)

$

2,856

Cost of sales

1,367

58

(127)

1,298

Gross profit

1,365

67

126

1,558

Selling, general and administrative expenses

1,028

237

(265)

1,000

Other operating expense (income), net

(8)

(8)

Income from operations

345

(170)

391

566

Interest expense

172

4

2

178

Loss on early extinguishment of debt

11

11

Other expense (income), net

(33)

(1)

(34)

Income before provision for income taxes

195

(173)

389

411

Provision for income taxes

46

(55)

120

111

Net income

$

149

$

(118)

$

269

$

300

Net income attributable to employee redeemable non-controlling interest and mezzanine equity awards

Net income attributable to KDP

$

149

$

(118)

$

269

$

300

Earnings per common share:

Basic

$

0.11

$

0.22

Diluted

0.11

$

0.21

Weighted average common shares outstanding:

Basic

1,361.8

27.2

1,389.0

Diluted

1,373.6

27.1

1,400.7

(1)

Refer to the Statements of Income at A-1.

(2)

Refers to DPS’s activity during the three months ended September 30, 2018 prior to the Merger Date.

(3)

Refer to Summary of Pro Forma Adjustments at A-6.

Numbers may not foot due to rounding.

 

KEURIG DR PEPPER INC.

PRO FORMA CONDENSED COMBINED STATEMENT OF INCOME

For the First Nine Months of 2018

(Unaudited)

(in millions, except per share data)

Reported

KDP(1)

DPS Jan 1 –

July 8, 2018(2)

Pro Forma

Adjustments(3)

Pro Forma

Combined

Net sales

$

4,629

$

3,605

$

(27)

$

8,207

Cost of sales

2,292

1,529

(155)

3,666

Gross profit

2,337

2,076

128

4,541

Selling, general and administrative expenses

1,649

1,639

(364)

2,924

Other operating expense (income), net

(2)

(14)

3

(13)

Income from operations

690

451

489

1,630

Interest expense

221

88

184

493

Interest expense – related party

51

(51)

Loss on early extinguishment of debt

13

13

Other expense (income), net

(28)

5

14

(9)

Income before provision for income taxes

433

358

342

1,133

Provision for income taxes

110

82

107

299

Net income

323

276

235

834

Net income attributable to employee redeemable non-controlling interest and mezzanine equity awards

3

(3)

Net income attributable to KDP

$

320

$

276

$

238

$

834

Earnings per common share:

Basic

$

0.33

$

0.60

Diluted

0.32

0.60

Weighted average common shares outstanding:

Basic

983.0

406.0

1,389.0

Diluted

994.1

405.9

1,400.0

(1)

Refer to the Statements of Income.

(2)

Refers to DPS’s activity during the nine months ended September 30, 2018 prior to the Merger Date.

(3)

Refer to Summary of Pro Forma Adjustments on A-6.

Numbers may not foot due to rounding.

 

KEURIG DR PEPPER INC.

RECONCILIATION OF PRO FORMA SEGMENT INFORMATION

(Unaudited)

(in millions)

Reported

KDP(1)

DPS July 1 – July

8, 2018(2)

Pro Forma

Adjustments(3)

Pro Forma

Combined

For the Third Quarter of 2018

Net Sales

Coffee Systems

$

1,053

$

$

$

1,053

Packaged Beverages

1,238

98

1,336

Beverage Concentrates

317

15

(1)

331

Latin America Beverages

124

12

136

Total net sales

$

2,732

$

125

$

(1)

$

2,856

Income from Operations

Coffee Systems

$

334

$

$

$

334

Packaged Beverages

61

2

99

162

Beverage Concentrates

193

(5)

16

204

Latin America Beverages

15

2

10

27

Unallocated corporate costs

(258)

(169)

266

(161)

Total income from operations

$

345

$

(170)

$

391

$

566

(in millions)

Reported

KDP(1)

DPS Jan 1 – July

8, 2018(2)

Pro Forma

Adjustments(3)

Pro Forma

Combined

For the First Nine Months of 2018

Net Sales

Coffee Systems

$

2,950

$

$

$

2,950

Packaged Beverages

1,238

2,654

3,892

Beverage Concentrates

317

689

(27)

979

Latin America Beverages

124

262

386

Total net sales

$

4,629

$

3,605

$

(27)

$

8,207

Income from Operations

Coffee Systems

$

865

$

$

(3)

$

862

Packaged Beverages

61

299

119

479

Beverage Concentrates

193

436

(11)

618

Latin America Beverages

15

42

8

65

Unallocated Corporate

(444)

(326)

376

(394)

Total income from operations

$

690

$

451

$

489

$

1,630

(1)

Refer to the Statements of Income on A-1.

(2)

Refers to DPS’s activity during the three months and nine months ended September 30, 2018 prior to the Merger Date.

(3)

Refer to Summary of Pro Forma Adjustments on A-6.

Numbers may not foot due to rounding.

KEURIG DR PEPPER INC.
RECONCILIATION OF CERTAIN NON-GAAP INFORMATION
(Unaudited)

The company reports its financial results in accordance with U.S. GAAP. However, management believes that certain non-GAAP financial measures that reflect the way management evaluates the business may provide investors with additional information regarding the company’s results, trends and ongoing performance on a comparable basis.

For periods that occur in 2019, management compares the Adjusted GAAP, which is defined as U.S. GAAP results adjusted for certain items affecting comparability, for the third quarter and first nine months of 2019 to Adjusted Pro Forma, which is defined as Pro Forma results adjusted for certain items affecting comparability, for the third quarter and first nine months of 2018. Pro Forma information is no longer prepared as the third quarter and first nine months of 2019 reflects DPS and Maple as a combined company for the entire period.

Specifically, investors should consider the following with respect to our financial results:

Adjusted: Defined as certain financial statement captions and metrics adjusted for certain items affecting comparability.

Items affecting comparability: Defined as certain items that are excluded for comparison to prior year periods, adjusted for the tax impact as applicable. Tax impact is determined based upon an approximate rate for each item. For each period, management adjusts for (i) the unrealized mark-to-market impact of derivative instruments not designated as hedges in accordance with U.S. GAAP and do not have an offsetting risk reflected within the financial results; (ii) the amortization associated with definite-lived intangible assets; (iii) the amortization of the deferred financing costs associated with the DPS Merger and Keurig Acquisition; (iv) the amortization of the fair value adjustment of the senior unsecured notes obtained as a result of the DPS Merger; (v) stock compensation expense attributable to the matching awards made to employees who made an initial investment in the Keurig Green Mountain, Inc. Executive Ownership Plan or the Keurig Dr Pepper Omnibus Incentive Plan of 2009; and (vi) other certain items that are excluded for comparison purposes to prior year periods.

Prior to the second quarter of 2019, we did not add back the amortization of the fair value adjustment of the senior unsecured debt recognized as a result of the purchase price allocation for the DPS Merger. As this item is similar to the amortization of intangibles, we changed our method of computing Adjusted Pro Forma (2018) results to exclude the amortization of the fair value adjustment of the senior unsecured notes in order to reflect how management views our business results on a consistent basis.

For the third quarter and first nine months of 2019, the other certain items excluded for comparison purposes include (i) restructuring and integration expenses; (ii) expenses associated with our productivity projects; (iii) transaction costs not associated with the DPS Merger; (iv) provision for legal settlements; (v) the impact of the step-up of acquired inventory not associated with the DPS Merger (vi) the loss on early extinguishment of debt related to the redemption of debt and (vii) the loss related to the malware incident.

For the third quarter and first nine months of 2018, the other certain items excluded for comparison purposes include (i) restructuring and integration expenses; (ii) expenses associated with our productivity projects; (iii) provisions for legal settlements;(iv) the loss on early extinguishment of debt related to the redemption of debt; and (v) tax reform associated with the TCJA.

Reconciliations for these items are provided in the tables below.

KEURIG DR PEPPER INC.

RECONCILIATION OF CERTAIN REPORTED ITEMS TO CERTAIN NON-GAAP ADJUSTED ITEMS

For the Third Quarter of 2019

(Unaudited, in millions, except per share data)

Cost of sales

Gross profit

Gross margin

Selling, general and

administrative expenses

Other operating

expense

(income), net

Income from

operations

Operating

margin

Reported

$

1,245

$

1,625

56.6

%

$

1,012

$

33

$

580

20.2

%

Items Affecting Comparability:

Mark to market

(5)

5

(4)

9

Amortization of intangibles

(31)

31

Stock compensation

(3)

3

Restructuring and integration costs

1

(1)

(54)

(24)

77

Productivity

(10)

10

(12)

(13)

35

Transaction costs

(7)

7

Provision for settlements

(12)

12

Adjusted GAAP

$

1,231

$

1,639

57.1

%

$

889

$

(4)

$

754

26.3

%

 

Interest

expense

Income before provision

for income taxes

Provision for

income taxes

Effective

tax rate

Net income

Weighted

Average Diluted

shares

Diluted earnings

per share

Reported

$

158

$

413

$

109

26.4

%

$

304

1,419.4

$

0.21

Items Affecting Comparability:

Mark to market

1

8

8

0.01

Amortization of intangibles

31

9

22

0.02

Amortization of deferred financing costs

(3)

3

1

2

Amortization of fair value debt adjustment

(7)

7

3

4

Stock compensation

3

3

Restructuring and integration costs

77

13

64

0.04

Productivity

35

8

27

0.02

Transaction costs

(4)

11

3

8

0.01

Provision for settlements

12

3

9

0.01

Adjusted GAAP

$

145

$

600

$

149

24.8

%

$

451

1,419.4

$

0.32

Diluted earnings per common share may not foot due to rounding.

 

KEURIG DR PEPPER INC.

RECONCILIATION OF CERTAIN REPORTED ITEMS TO CERTAIN NON-GAAP ADJUSTED ITEMS

For the Third Quarter of 2018

(Unaudited, in millions, except per share data)

Cost of sales

Gross profit

Gross margin

Selling, general and

administrative expenses

Income from

operations

Operating

margin

Pro Forma

$

1,298

$

1,558

54.6

%

$

1,000

$

566

19.8

%

Items Affecting Comparability:

Mark to market

(27)

27

1

26

Amortization of intangibles

(30)

30

Stock compensation

(4)

4

Restructuring and integration costs

(47)

47

Productivity

(5)

5

(7)

12

Transaction costs

(2)

2

Provision for settlements

(11)

11

Adjusted Pro Forma

$

1,266

$

1,590

55.7

%

$

900

$

698

24.4

%

Interest

expense

Loss on early

extinguishment

of debt

Other

expense

(income), net

Income before

provision for

income taxes

Provision

for income

taxes

Effective

tax rate

Net

income

Weighted

Average

Diluted

shares

Diluted

earnings

per share

Pro Forma

$

178

$

11

$

(34)

$

411

$

111

27.0

%

$

300

1,400.7

$

0.21

Items Affecting Comparability:

Mark to market

(7)

(2)

35

8

27

0.02

Amortization of intangibles

30

8

22

0.02

Amortization of deferred financing costs

(4)

4

1

3

Amortization of fair value debt adjustment

(6)

6

2

4

Stock compensation

4

1

3

Restructuring and integration costs

47

17

30

0.02

Productivity

2

10

3

7

Transaction costs

(1)

3

1

2

Loss on early extinguishment of debt

(11)

11

3

8

0.01

Provision for settlements

11

3

8

0.01

Tax reform

(3)

3

Adjusted Pro Forma

$

162

$

$

(36)

$

572

$

155

27.1

%

$

417

1,400.7

$

0.30

Numbers may not foot due to rounding.

 

KEURIG DR PEPPER INC.

RECONCILIATION OF CERTAIN REPORTED ITEMS TO CERTAIN NON-GAAP ADJUSTED ITEMS

For the First Nine Months of 2019

(Unaudited, in millions, except per share data)

Cost of sales

Gross profit

Gross

margin

Selling, general

and administrative

expenses

Other operating

expense

(income), net

Income

from

operations

Operating

margin

Reported

$

3,537

$

4,649

56.8

%

$

2,951

$

33

$

1,665

20.3

%

Items Affecting Comparability:

Mark to market

(6)

6

5

1

Amortization of intangibles

(94)

94

Stock compensation

(18)

18

Restructuring and integration costs

(1)

1

(151)

(24)

176

Productivity

(14)

14

(41)

(22)

77

Transaction costs

(8)

8

Inventory Step-Up

(3)

3

3

Provision for settlements

(27)

27

Malware Incident

(2)

2

(6)

8

Adjusted GAAP

$

3,511

$

4,675

57.1

%

$

2,611

$

(13)

$

2,077

25.4

%

Interest

expense

Loss on early

extinguishment

of debt

Income before

provision for

income taxes

Provision

for income

taxes

Effective

tax rate

Net

income

Weighted

Average

Diluted

shares

Diluted

earnings

per share

Reported

$

497

$

9

$

1,144

$

296

25.9

%

$

848

1,418.8

$

0.60

Items Affecting Comparability:

Mark to market

(44)

45

11

34

0.02

Amortization of intangibles

94

26

68

0.05

Amortization of deferred financing costs

(10)

10

3

7

0.01

Amortization of fair value debt adjustment

(20)

20

5

15

0.01

Stock compensation

18

4

14

0.01

Restructuring and integration costs

176

39

137

0.10

Productivity

77

17

60

0.04

Transaction costs

(16)

24

6

18

0.01

Loss on early extinguishment of debt

(9)

9

2

7

Inventory Step-Up

3

1

2

Provision for settlements

27

7

20

0.01

Malware Incident

8

2

6

Adjusted GAAP

$

407

$

$

1,655

$

419

25.3

%

$

1,236

1,418.8

$

0.87

Diluted earnings per common share may not foot due to rounding.

 

KEURIG DR PEPPER INC.

RECONCILIATION OF CERTAIN REPORTED ITEMS TO CERTAIN NON-GAAP ADJUSTED ITEMS

For the First Nine Months of 2018

(Unaudited, in millions, except per share data)

Net sales

Cost of sales

Gross profit

Gross

margin

Selling, general and

administrative

expenses

Other operating

expense

(income), net

Income

from

operations

Operating

margin

Pro Forma

$

8,207

$

3,666

$

4,541

55.3

%

$

2,924

$

(13)

$

1,630

19.9

%

Items Affecting Comparability:

Mark to market

(43)

43

10

33

Amortization of intangibles

(89)

89

Stock compensation

(16)

16

Restructuring and integration costs

(86)

86

Productivity

(11)

11

(12)

(4)

27

Transaction costs

(2)

2

Provision for settlements

4

4

(11)

15

Adjusted Pro Forma

$

8,211

$

3,612

$

4,599

56.0

%

$

2,718

$

(17)

$

1,898

23.1

%

Interest

expense

Loss on early

extinguishment

of debt

Other

expense

(income), net

Income before

provision for

income taxes

Provision

for income

taxes

Effective

tax rate

Net

income

Weighted

Average

Diluted

shares

Diluted

earnings

per share

Pro Forma

$

493

$

13

$

(9)

$

1,133

$

299

26.4

%

$

834

1,400.0

$

0.60

Items Affecting Comparability:

Mark to market

30

4

(1)

(1)

Amortization of intangibles

89

23

66

0.05

Amortization of deferred financing costs

(5)

5

1

4

Amortization of fair value debt adjustment

(16)

16

4

12

0.01

Stock compensation

16

3

13

0.01

Restructuring and integration costs

86

23

63

0.05

Productivity

27

8

19

0.01

Transaction costs

(1)

3

1

2

Loss on early extinguishment of debt

(13)

13

3

10

0.01

Provision for settlements

15

4

11

0.01

Tax reform

4

(4)

Adjusted Pro Forma

$

501

$

$

(5)

$

1,402

$

372

26.5

%

$

1,030

1,400.0

$

0.74

Numbers may not foot due to rounding.

 

KEURIG DR PEPPER INC.

RECONCILIATION OF SEGMENT ITEMS TO CERTAIN NON-GAAP ADJUSTED SEGMENT ITEMS

(Unaudited)

(in millions)

Reported

Items Affecting

Comparability

Adjusted

GAAP

For the third quarter of 2019:

Net Sales

Coffee Systems

$

1,065

$

$

1,065

Packaged Beverages

1,307

1,307

Beverage Concentrates

360

360

Latin America Beverages

138

138

Total net sales

$

2,870

$

$

2,870

Income from Operations

Coffee Systems

$

310

$

57

$

367

Packaged Beverages

196

5

201

Beverage Concentrates

245

(1)

244

Latin America Beverages

25

25

Unallocated corporate costs

(196)

113

(83)

Total income from operations

$

580

$

174

$

754

(in millions)

Pro Forma

Items Affecting

Comparability

Adjusted Pro

Forma

For the third quarter of 2018:

Net Sales

Coffee Systems

$

1,053

$

$

1,053

Packaged Beverages

1,336

1,336

Beverage Concentrates

331

331

Latin America Beverages

136

136

Total net sales

$

2,856

$

$

2,856

Income from Operations

Coffee Systems

$

334

$

46

$

380

Packaged Beverages

162

2

164

Beverage Concentrates

204

204

Latin America Beverages

27

27

Unallocated corporate costs

(161)

84

(77)

Total income from operations

$

566

$

132

$

698

Numbers may not foot due to rounding.

 

KEURIG DR PEPPER INC.

RECONCILIATION OF SEGMENT ITEMS TO CERTAIN NON-GAAP ADJUSTED SEGMENT ITEMS

(Unaudited)

(in millions)

Reported

Items Affecting

Comparability

Adjusted

GAAP

For the first nine months of 2019:

Net Sales

Coffee Systems

$

3,023

$

$

3,023

Packaged Beverages

3,734

3,734

Beverage Concentrates

1,034

1,034

Latin America Beverages

395

395

Total net sales

$

8,186

$

$

8,186

Income from Operations

Coffee Systems

$

890

$

143

$

1,033

Packaged Beverages

531

20

551

Beverage Concentrates

690

1

691

Latin America Beverages

62

(5)

57

Unallocated corporate costs

(508)

253

(255)

Total income from operations

$

1,665

$

412

$

2,077

(in millions)

Pro Forma

Items Affecting

Comparability

Adjusted Pro

Forma

For the first nine months of 2018:

Net Sales

Coffee Systems

$

2,950

$

4

$

2,954

Packaged Beverages

3,892

3,892

Beverage Concentrates

979

979

Latin America Beverages

386

386

Total net sales

$

8,207

$

4

$

8,211

Income from Operations

Coffee Systems

$

862

$

134

$

996

Packaged Beverages

479

6

485

Beverage Concentrates

618

1

619

Latin America Beverages

65

65

Unallocated corporate costs

(394)

127

(267)

Total income from operations

$

1,630

$

268

$

1,898

Numbers may not foot due to rounding.

 

KEURIG DR PEPPER INC.

RECONCILIATION OF ADJUSTED EBITDA AND MANAGEMENT LEVERAGE RATIO

(Unaudited)

(in millions, except for ratio)

ADJUSTED EBITDA RECONCILIATION – LAST TWELVE MONTHS

Net income

$

1,111

Interest expense

675

Provision for income taxes

390

Loss on early extinguishment of debt

9

Other (income) expense, net

24

Depreciation expense

351

Amortization of intangibles

127

EBITDA

$

2,687

Items affecting comparability:

Restructuring and integration expenses

$

260

Transaction costs

10

Productivity

72

Provision for settlements

34

Stock compensation

23

Malware incident

8

Mark to market

41

Step-up of acquired inventory

5

Adjusted EBITDA

$

3,140

September 30,

2019

Principal amounts of:

Commercial paper

$

1,415

Term loan

1,710

Senior unsecured notes

11,975

Total principal amounts

15,100

Less: Cash and cash equivalents

74

Total principal amounts less cash and cash equivalents

$

15,026

September 30, 2019 Management Leverage Ratio

4.8

 

KEURIG DR PEPPER INC.

RECONCILIATION OF ADJUSTED EBITDA – LAST TWELVE MONTHS

(Unaudited)

PRO FORMA

(in millions)

FOURTH

QUARTER

OF 2018

FIRST NINE

MONTHS

OF 2019

LAST

TWELVE

MONTHS

Net income

$

263

$

848

$

1,111

Interest expense

178

497

675

Provision for income taxes

94

296

390

Loss on early extinguishment of debt

9

9

Other (income) expense, net

9

15

24

Depreciation expense

80

271

351

Amortization of intangibles

33

94

127

EBITDA

$

657

$

2,030

$

2,687

Items affecting comparability:

Restructuring and integration expenses

$

84

$

176

$

260

Transaction costs

2

8

10

Productivity

3

69

72

Provision for settlements

7

27

34

Stock compensation

5

18

23

Malware incident

8

8

Mark to market

40

1

41

Step-up of acquired inventory

2

3

5

Adjusted EBITDA

$

800

$

2,340

$

3,140

KEURIG DR PEPPER INC.
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(Unaudited)

Free cash flow is defined as net cash provided by operating activities adjusted for purchases of property, plant and equipment, proceeds from sales of property, plant and equipment, and certain items excluded for comparison to prior year periods. For the first nine months of 2019 and 2018, there were no certain items excluded for comparison to prior year periods.

First Nine Months

(in millions)

2019

2018

Net cash provided by operating activities

1,803

1,063

Purchases of property, plant and equipment

(208)

(104)

Proceeds from sales of property, plant and equipment

19

1

Free Cash Flow

$

1,614

$

960

RECONCILIATION OF CERTAIN ADJUSTED FINANCIAL RESULTS TO CERTAIN
CURRENCY NEUTRAL ADJUSTED FINANCIAL RESULTS
(Unaudited)

Adjusted net sales, adjusted income from operations and adjusted earnings per share, as adjusted to currency neutral: These adjusted financial results are calculated on a currency neutral basis by converting our current-period local currency financial results using the prior-period foreign currency exchange rates.

For the Third Quarter of 2019

Coffee

Packaged

Beverage

Latin

America

Percent change

Systems

Beverages

Concentrates

Beverages

Total

Adjusted net sales

1.1

%

(2.2)

%

8.8

%

1.5

%

0.5

%

Impact of foreign currency

0.1

%

0.1

%

%

2.2

%

0.2

%

Adjusted net sales, as adjusted to currency neutral

1.2

%

(2.1)

%

8.8

%

3.7

%

0.7

%

For the Third Quarter of 2019

Coffee

Packaged

Beverage

Latin

America

Percent change

Systems

Beverages

Concentrates

Beverages

Total

Adjusted income from operations

(3.4)

%

22.6

%

19.6

%

(7.4)

%

8.0

%

Impact of foreign currency

%

%

%

3.7

%

0.2

%

Adjusted income from operations, as adjusted to currency neutral

(3.4)

%

22.6

%

19.6

%

(3.7)

%

8.2

%

For the First Nine Months of 2019

Coffee

Packaged

Beverage

Latin

America

Percent change

Systems

Beverages

Concentrates

Beverages

Total

Adjusted net sales

2.3

%

(4.1)

%

5.6

%

2.3

%

(0.3)

%

Impact of foreign currency

0.5

%

0.1

%

0.2

%

1.1

%

0.3

%

Adjusted net sales, as adjusted to currency neutral

2.8

%

(4.0)

%

5.8

%

3.4

%

%

For the First Nine Months of 2019

Coffee

Packaged

Beverage

Latin

America

Percent change

Systems

Beverages

Concentrates

Beverages

Total

Adjusted income from operations

3.7

%

13.6

%

11.6

%

(12.3)

%

9.4

%

Impact of foreign currency

0.3

%

%

0.3

%

%

0.3

%

Adjusted income from operations, as adjusted to currency neutral

4.0

%

13.6

%

11.9

%

(12.3)

%

9.7

%

For the Third

Quarter of 2019

For the First Nine

Months of 2019

Adjusted diluted earnings per share

$

0.32

$

0.87

Impact of foreign currency

Adjusted diluted earnings per share, as adjusted to currency neutral

$

0.32

$

0.87

 

Logo – https://mma.prnewswire.com/media/724482/Keurig_Dr_Pepper_logo.jpg

SOURCE Keurig Dr Pepper

Wilshire Law Firm Secures Landmark $28.5 Million Result Against School District

0
Wilshire_Law_Firm_Logo

LOS ANGELES, Nov. 7, 2019 /PRNewswire-HISPANIC PR WIRE/ — A landmark decision with the potential to affect students throughout California and nationwide was reached Monday, thanks to the determination of two law firms working on behalf of an 11-year-old student who was catastrophically injured while walking home from Puesta Del Sol Elementary School in the Victor Elementary School District, San Bernardino.

Wilshire Law Firm’s senior trial attorney Jon C. Teller, Esq., in conjunction with Rahul Ravipudi, Esq. of Panish Shea & Boyle LLP, obtained a judgment at trial of 100% negligence against the School District. The case then settled just before picking a jury for the damages phase of trial. The result not only recovers millions in damages for the student but also sets forth groundbreaking policy changes that the School District has agreed to implement to protect IEP/Section 504 students.

“No parent should suffer something like this ever, ever again,” argued Jon Teller, Wilshire Law Firm’s senior trial attorney. “We hope that this result leads to substantial changes that protect all students throughout the Country who follow an Individualized Education Plan (IEP).”

Although a substantial amount of money was offered, the attorneys for the child would not agree to resolve the case until the School District agreed to implement new policies and procedures to ensure something like this never happens again. IEPs for children who require curb-to-curb bus transportation in the School District now require not only regular evaluation, but rigid enforcement. The settlement requires training for School District faculty members, along with creating more transparent rights and letters to parents for parents of students who require special education assistance, administrative assistance, or other support.

“The ultimate mission of our work is substantial societal change that makes the world a better place, and that’s what we accomplished in this case,” noted Bobby Saadian, Esq., Wilshire Law Firm’s Founding President and Managing Attorney. “We emphasized the need for changes to the School District’s evaluation and enforcement policies throughout the case, and because of that insistence, the parents and families of future students are going to benefit.”

In addition to the monetary conditions (totaling $28,500,000), the School District has additionally agreed to have a third party “conduct an evaluation of the District’s IEP/Section 504 policies and procedure and prepare a report to the District concerning its evaluation and recommendations for training of the District’s employees.”

The victim, an eleven-year-old minor, was struck by a vehicle near the intersection of Village Drive and Puesta Del Sol Drive while walking home alone after school in February of 2017. Previously, the School District had determined that our client required “curb-to-curb bus transportation” to ensure his physical safety.

“Schools often overlook the needs of children in special education and Fabian’s story is the tragic result of that pattern and practice,” commented Panish Shea & Boyle LLP partner Rahul Ravipudi.

As a result, our client suffered catastrophic injuries, including a severe traumatic brain injury (TBI) that will require 24/7 lifetime care. Despite the serious nature of the injuries, the School District refused to make any settlement offers before heading to trial.

“Despite the School District offering our client $0 and rigorously fighting liability throughout the last 2 years,” remarked Teller, “the entire team at Wilshire Law Firm welcomed the opportunity to protect our client and protect students nationwide, and that is why we took on this fight and succeeded.”

About Wilshire Law Firm
Founded in 2007 by Bobby Saadian, Esq., Wilshire Law Firm is an award-winning personal injury, employment law, and class action law firm. Recognized by U.S. News and World Report and Best Lawyers as one of 2020’s “Best Law Firms”, the firm’s attorneys are consistently recognized throughout the legal industry for their excellence. To date, our team of over 130 legal professionals has recovered more than $400,000,000 for the Wilshire Law Firm client family, providing exceptional service every step of the way.

To find out more, call (800) 522-7274, or visit: https://www.WilshireLawFirm.com

Instagram: @WilshireLawFirmPLC 
Twitter: @WilshireLawFirm 
Facebook: @WilshireLawFirm

About Panish Shea & Boyle LLP
Panish Shea & Boyle LLP is a nationally recognized personal injury law firm representing plaintiffs in catastrophic injury, wrongful death, product liability, mass torts/class action, and business litigation cases. Firm attorneys have obtained some of the most significant awards for plaintiffs in U.S. history, including a $4.9 billion verdict in Anderson v. GM, and are repeatedly recognized for excellence by other trial attorneys, legal organizations and publications nationwide. The firm is ranked by U.S. News & World Report and Best Lawyers® as a “Tier 1” Firm – the highest ranking a firm can receive –  in the areas of Plaintiffs Mass Tort Litigation/Class Actions, Plaintiffs Personal Injury Litigation and Plaintiffs Product Liability Litigation, and is recognized as being among the top Plaintiff’s law firms in the country by the National Law Journal.

Logo – https://mma.prnewswire.com/media/537344/Wilshire_Law_Firm_Logo.jpg  

SOURCE Wilshire Law Firm

Automotores Gildemeister Announces Settlement Of Exchange Offer And Consent Solicitation

0

SANTIAGO, Chile, Nov. 7, 2019 /PRNewswire-HISPANIC PR WIRE/ — Automotores Gildemeister SpA (the “Company”) announced today the settlement on November 7, 2019 (the “Settlement Date”) of the exchange offer and consent solicitation (the “Offers and Solicitation”) for US$515,250,522 7.50% Senior Secured Notes due 2021 (the “Existing Senior Secured Notes”), US$24,194,000 8.250% Senior Unsecured Notes due 2021 (the “2021 Notes”) and its US$5,122,000 6.750% Senior Unsecured Notes due 2023 (the “2023 Notes,” and together with the 2021 Notes and the Existing Senior Secured Notes, the “Existing Senior Notes”) on the terms previously announced in the offering and solicitation memorandum dated September 30, 2019 (as supplemented from time to time, the “Offering and Solicitation Memorandum”).  Existing Senior Notes tendered in the Offers and Solicitation were exchanged for 7.50% New Senior Secured Notes due 2025, New Series A Warrants, and New Series B Warrants (the “New Warrants”).  In addition, pursuant to the Offers and Solicitation, certain amendments to the terms and conditions of the Existing Senior Notes were adopted and became effective on the Settlement Date.  The New Senior Secured Notes were distributed to participating holders through DTC.  The New Warrants were distributed through an international courier service.

In total, 98.13% of the outstanding principal amount of the Existing Senior Secured Notes  had been validly tendered and accepted by the Company for exchange in the Offers and Solicitation.

Participating holders who validly tendered their Existing Senior Notes received in exchange for each US$1,000 principal amount of the Existing Senior Notes the Total Exchange Consideration outlined below:

  • For the Existing Senior Secured Notes:
    • US$1,000 principal amount of New Senior Secured Notes (consisting of US$950 principal amount of New Senior Secured Notes plus the Early Tender Consideration consisting of US$50 principal amount of New Senior Secured Notes), plus accrued and unpaid interest on the Existing Senior Secured Notes through and including the Settlement Date, paid in cash on the Settlement Date;
    • 0.653 New Series A Warrants; and
    • 0.974 New Series B Warrants.
  • For the 2021 Notes:
    • US$1,000 principal amount of New Senior Secured Notes (consisting of US$950 principal amount of New Senior Secured Notes plus the Early Tender Consideration consisting of US$50 principal amount of New Senior Secured Notes), plus accrued and unpaid interest on the 2021 Notes through and including the Settlement Date, paid in cash on the Settlement Date.
  • For the 2023 Notes:
    • US$1,000 principal amount of New Senior Secured Notes (consisting of US$950 principal amount of New Senior Secured Notes plus the Early Tender Consideration consisting of US$50 principal amount of New Senior Secured Notes), plus accrued and unpaid interest on the 2023 Notes through and including the Settlement Date, paid in cash on the Settlement Date.

A factor of 1.20090280 will be applied to the nominal value of $1,000 principal amount of Existing Senior Secured Notes tendered for purposes of calculating the principal amount of New Senior Secured Notes to be issued.

THIS PRESS RELEASE IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY.  THE OFFERS AND SOLICITATION ARE BEING MADE SOLELY BY THE OFFERING AND SOLICITATION MEMORANDUM THAT MAY BE OBTAINED FROM THE EXCHANGE AND INFORMATION AGENT AND ONLY TO SUCH PERSONS AND IN SUCH JURISDICTIONS AS IS PERMITTED UNDER APPLICABLE LAW.  ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM THE COMPANY OR THE SELLING SECURITY HOLDER THAT WILL CONTAIN DETAILED INFORMATION ABOUT THE COMPANY AND MANAGEMENT, AS WELL AS FINANCIAL STATEMENTS. 

The New Senior Secured Notes, and the New Warrants offered in the Offers and Solicitation will not be registered under the Ley de Mercado de Valores No. 18,045 (the “Securities Market Law”), as amended, of Chile with the Chilean Financial Markets Commission (Comisión para el Mercado Financiero, the “CMF”), together with all predecessor agencies and commissions, including, without limitation, the Chilean Securities and Insurance Commission (Superintendencia de Valores y Seguros), and, accordingly, may not be offered or sold to persons in Chile except in circumstances that do not constitute a public offering under Chilean law.

Los valores que se emitan no serán registrados en la Comision para el Mercado Financiero, antes Superintendencia de Valores y Seguros, de conformidad a la ley de Mercado de Valores No.18,045, por lo que de acuerdo a ello, no podrán ser ofrecidos a personas en Chile excepto en circunstancias que no constituyan una oferta pública de valores de acuerdo a ley Chilena.

About Automotores Gildemeister

Automotores Gildemeister is a vehicle importer and distributor primarily in Chile and Peru.  Since 1986, the Company has been the sole distributor of Hyundai passenger and light commercial vehicles in Chile and since 2002, the sole distributor of Hyundai passenger, light commercial and heavy commercial vehicles in Peru.

Exchange and Information Agent

Prime Clerk LLC
c/o Automotores Gildemeister Exchange Offer
One Grand Central Place
60 East 42nd Street, Suite 1440
New York, NY 10165
AGExchange@primeclerk.com
Domestic and Canada Toll-Free: (877) 510-1633
Outside the U.S. and Canada: (917) 947-5418
http://cases.primeclerk.com/agexchangeoffer

Financial Advisor

Rothschild & Co
1251 Avenue of the Americas, 33rd Floor
New York, NY 10020
(212) 403-3500
Attention: Marcelo Messer 
                Samuel Karotkin
Email: marcelo.messer@rothschildandco.com  
           samuel.karotkin@rothschildandco.com

SOURCE Automotores Gildemeister SpA

Facebook Helps to Protect the 2020 US Elections

0
Founded in 2004, Facebook's mission is to make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them.

MENLO PARK, California, Nov. 7, 2019 /PRNewswire-HISPANIC PR WIRE/ — The following is written by Guy Rosen, VP of Integrity; Katie Harbath, Public Policy Director, Global Elections; Nathaniel Gleicher, Head of Cybersecurity Policy and Rob Leathern, Director of Product Management.

Founded in 2004, Facebook's mission is to make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8323454-facebook-2020-us-elections/

We have a responsibility to stop abuse and election interference on our platform. That’s why we’ve made significant investments since 2016 to better identify new threats, close vulnerabilities and reduce the spread of viral misinformation and fake accounts.

Today, almost a year out from the 2020 elections in the US, we’re announcing several new measures to help protect the democratic process and providing an update on initiatives already underway:

Fighting foreign interference

  • Combating inauthentic behavior, including an updated policy
  • Protecting the accounts of candidates, elected officials, their teams and others through Facebook Protect

Increasing transparency

  • Making Pages more transparent, including showing the confirmed owner of a Page
  • Labeling state-controlled media on their Page and in our Ad Library
  • Making it easier to understand political ads, including a new US presidential candidate spend tracker

Reducing misinformation

  • Preventing the spread of misinformation, including clearer fact-checking labels
  • Fighting voter suppression and interference, including banning paid ads that suggest voting is useless or advise people not to vote
  • Helping people better understand the information they see online, including an initial investment of $2 million to support media literacy projects

Fighting Foreign Interference

Combating Inauthentic Behavior

Over the last three years, we’ve worked to identify new and emerging threats and remove coordinated inauthentic behavior across our apps. In the past year alone, we’ve taken down over 50 networks worldwide, many ahead of major democratic elections. As part of our effort to counter foreign influence campaigns, this morning we removed four separate networks of accounts, Pages and Groups on Facebook and Instagram for engaging in coordinated inauthentic behavior. Three of them originated in Iran and one in Russia. They targeted the US, North Africa and Latin America. We have identified these manipulation campaigns as part of our internal investigations into suspected Iran-linked inauthentic behavior, as well as ongoing proactive work ahead of the US elections.

We took down these networks based on their behavior, not the content they posted. In each case, the people behind this activity coordinated with one another and used fake accounts to misrepresent themselves, and that was the basis for our action. We have shared our findings with law enforcement and industry partners. More details can be found here.

As we’ve improved our ability to disrupt these operations, we’ve also built a deeper understanding of different threats and how best to counter them. We investigate and enforce against any type of inauthentic behavior. However, the most appropriate way to respond to someone boosting the popularity of their posts in their own country may not be the best way to counter foreign interference. That’s why we’re updating our inauthentic behavior policy to clarify how we deal with the range of deceptive practices we see on our platforms, whether foreign or domestic, state or non-state.

Protecting the Accounts of Candidates, Elected Officials and Their Teams

Today, we’re launching Facebook Protect to further secure the accounts of elected officials, candidates, their staff and others who may be particularly vulnerable to targeting by hackers and foreign adversaries. As we’ve seen in past elections, they can be targets of malicious activity. However, because campaigns are generally run for a short period of time, we don’t always know who these campaign-affiliated people are, making it harder to help protect them.

Beginning today, Page admins can enroll their organization’s Facebook and Instagram accounts in Facebook Protect and invite members of their organization to participate in the program as well. Participants will be required to turn on two-factor authentication, and their accounts will be monitored for hacking, such as login attempts from unusual locations or unverified devices. And, if we discover an attack against one account, we can review and protect other accounts affiliated with that same organization that are enrolled in our program. Read more about Facebook Protect and enroll here.

Increasing Transparency

Making Pages More Transparent

We want to make sure people are using Facebook authentically, and that they understand who is speaking to them. Over the past year, we’ve taken steps to ensure Pages are authentic and more transparent by showing people the Page’s primary country location and whether the Page has merged with other Pages. This gives people more context on the Page and makes it easier to understand who’s behind it.

Increasingly, we’ve seen people failing to disclose the organization behind their Page as a way to make people think that a Page is run independently. To address this, we’re adding more information about who is behind a Page, including a new “Organizations That Manage This Page” tab that will feature the Page’s “Confirmed Page Owner,” including the organization’s legal name and verified city, phone number or website.

Initially, this information will only appear on Pages with large US audiences that have gone through Facebook’s business verification. In addition, Pages that have gone through the new authorization process to run ads about social issues, elections or politics in the US will also have this tab. And starting in January, these advertisers will be required to show their Confirmed Page Owner.

If we find a Page is concealing its ownership in order to mislead people, we will require it to successfully complete the verification process and show more information in order for the Page to stay up.

Labeling State-Controlled Media

We want to help people better understand the sources of news content they see on Facebook so they can make informed decisions about what they’re reading. Next month, we’ll begin labeling media outlets that are wholly or partially under the editorial control of their government as state-controlled media. This label will be on both their Page and in our Ad Library.

We will hold these Pages to a higher standard of transparency because they combine the opinion-making influence of a media organization with the strategic backing of a state.

We developed our own definition and standards for state-controlled media organizations with input from more than 40 experts around the world specializing in media, governance, human rights and development. Those consulted represent leading academic institutions, nonprofits and international organizations in this field, including Reporters Without Borders, Center for International Media Assistance, European Journalism Center, Oxford Internet Institute’s Project on Computational Propaganda, Center for Media, Data and Society (CMDS) at the Central European University, the Council of Europe, UNESCO and others.

It’s important to note that our policy draws an intentional distinction between state-controlled media and public media, which we define as any entity that is publicly financed, retains a public service mission and can demonstrate its independent editorial control. At this time, we’re focusing our labeling efforts only on state-controlled media.

We will update the list of state-controlled media on a rolling basis beginning in November. And, in early 2020, we plan to expand our labeling to specific posts and apply these labels on Instagram as well. For any organization that believes we have applied the label in error, there will be an appeals process.

Making it Easier to Understand Political Ads

In addition to making Pages more transparent, we’re updating the Ad Library, Ad Library Report and Ad Library API to help journalists, lawmakers, researchers and others learn more about the ads they see. This includes:

  • A new US presidential candidate spend tracker, so that people can see how much candidates have spent on ads
  • Adding additional spend details at the state or regional level to help people analyze advertiser and candidate efforts to reach voters geographically
  • Making it clear if an ad ran on Facebook, Instagram, Messenger or Audience Network
  • Adding useful API filters, providing programmatic access to download ad creatives and a repository of frequently used API scripts.

In addition to updates to the Ad Library API, in November, we will begin testing a new database with researchers that will enable them to quickly download the entire Ad Library, pull daily snapshots and track day-to-day changes.

Visit our Help Center to learn more about the changes to Pages and the Ad Library.

Reducing Misinformation

Preventing the Spread of Viral Misinformation

On Facebook and Instagram, we work to keep confirmed misinformation from spreading. For example, we reduce its distribution so fewer people see it — on Instagram, we remove it from Explore and hashtags, and on Facebook, we reduce its distribution in News Feed. On Instagram, we also make content from accounts that repeatedly post misinformation harder to find by filtering content from that account from Explore and hashtag pages for example. And on Facebook, if Pages, domains or Groups repeatedly share misinformation, we’ll continue to reduce their overall distribution and we’ll place restrictions on the Page’s ability to advertise and monetize.

Over the next month, content across Facebook and Instagram that has been rated false or partly false by a third-party fact-checker will start to be more prominently labeled so that people can better decide for themselves what to read, trust and share. The labels below will be shown on top of false and partly false photos and videos, including on top of Stories content on Instagram, and will link out to the assessment from the fact-checker.

Much like we do on Facebook when people try to share known misinformation, we’re also introducing a new pop-up that will appear when people attempt to share posts on Instagram that include content that has been debunked by third-party fact-checkers.

In addition to clearer labels, we’re also working to take faster action to prevent misinformation from going viral, especially given that quality reporting and fact-checking takes time. In many countries, including in the US, if we have signals that a piece of content is false, we temporarily reduce its distribution pending review by a third-party fact-checker.

Fighting Voter Suppression and Intimidation

Attempts to interfere with or suppress voting undermine our core values as a company, and we work proactively to remove this type of harmful content. Ahead of the 2018 midterm elections, we extended our voter suppression and intimidation policies to prohibit:

  • Misrepresentation of the dates, locations, times and methods for voting or voter registration (e.g. “Vote by text!”);
  • Misrepresentation of who can vote, qualifications for voting, whether a vote will be counted and what information and/or materials must be provided in order to vote (e.g. “If you voted in the primary, your vote in the general election won’t count.”); and
  • Threats of violence relating to voting, voter registration or the outcome of an election.

We remove this type of content regardless of who it’s coming from, and ahead of the midterm elections, our Elections Operations Center removed more than 45,000 pieces of content that violated these policies — more than 90% of which our systems detected before anyone reported the content to us.

We also recognize that there are certain types of content, such as hate speech, that are equally likely to suppress voting. That’s why our hate speech policies ban efforts to exclude people from political participation on the basis of things like race, ethnicity or religion (e.g., telling people not to vote for a candidate because of the candidate’s race, or indicating that people of a certain religion should not be allowed to hold office).

In advance of the US 2020 elections, we’re implementing additional policies and expanding our technical capabilities on Facebook and Instagram to protect the integrity of the election. Following up on a commitment we made in the civil rights audit report released in June, we have now implemented our policy banning paid advertising that suggests voting is useless or meaningless, or advises people not to vote.

In addition, our systems are now more effective at proactively detecting and removing this harmful content. We use machine learning to help us quickly identify potentially incorrect voting information and remove it.

We are also continuing to expand and develop our partnerships to provide expertise on trends in voter suppression and intimidation, as well as early detection of violating content. This includes working directly with secretaries of state and election directors to address localized voter suppression that may only be occurring in a single state or district. This work will be supported by our Elections Operations Center during both the primary and general elections.

Helping People Better Understand What They See Online

Part of our work to stop the spread of misinformation is helping people spot it for themselves. That’s why we partner with organizations and experts in media literacy.

Today, we’re announcing an initial investment of $2 million to support projects that empower people to determine what to read and share — both on Facebook and elsewhere.

These projects range from training programs to help ensure the largest Instagram accounts have the resources they need to reduce the spread of misinformation, to expanding a pilot program that brings together senior citizens and high school students to learn about online safety and media literacy, to public events in local venues like bookstores, community centers and libraries in cities across the country. We’re also supporting a series of training events focused on critical thinking among first-time voters.

In addition, we’re including a new series of media literacy lessons in our Digital Literacy Library. These lessons are drawn from the Youth and Media team at the Berkman Klein Center for Internet & Society at Harvard University, which has made them available for free worldwide under a Creative Commons license. The lessons, created for middle and high school educators, are designed to be interactive and cover topics ranging from assessing the quality of the information online to more technical skills like reverse image search.

We’ll continue to develop our media literacy efforts in the US and we’ll have more to share soon.

Media Contact:  Jamil Walker jamilw@fb.com

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SOURCE Facebook

Results from Prospective, Multicenter Trial Evaluating the Use of the Tablo® Hemodialysis System for Home Dialysis Released at the American Society of Nephrology Scientific Meeting

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The Tablo Hemodialysis System

First New Device Trial Completed for Home Hemodialysis In 15 Years

SAN JOSE, California, Nov. 7, 2019 /PRNewswire-HISPANIC PR WIRE/ — Outset Medical, a commercial-stage company delivering first-of-its-kind technology into the growing, global, dialysis market today announced publication of a multicenter, prospective, open-label study in Hemodialysis International.  Titled “Safety and Efficacy of the Tablo Hemodialysis System for In-center and In-home hemodialysis,” the 30-patient study met both the safety and efficacy endpoints.  Tablo is currently FDA-cleared for use in hospitals and clinics and is under evaluation by FDA for use in the home.

The Tablo Hemodialysis System

Over 21 consecutive weeks, patients went through four treatment periods in which hemodialysis was prescribed four times weekly:  one-week Run-In; eight-week In-Center; four-week Transition; eight-week In-Home.  The data showed a mean weekly standard Kt/V ≥ 2.8 for participants during the In-Center and In-Home treatment periods (compared to the trial endpoint of a standard Kt/V ≥ 2.1) and delivered ultrafiltration (UF) within 10% of prescribed UF.  There were no device-related pre-specified adverse events throughout the trial.  All patients who started the home arm with Tablo completed it, resulting in a 0% home arm drop-out rate.  

“The trial results and patient feedback were compelling,” said Troy Plumb, M.D., principal investigator of the study and Division Chief of Nephrology and Associate Professor of Medicine at the University of Nebraska Medical Center College of Medicine in Omaha.  “Many patients have expressed enthusiasm for home use since they want more lifestyle flexibility and control of their care.”

In addition to online publication of the study on November 7, Dr. Plumb will be presenting the data in Washington, D.C. this week at the American Society of Nephrology annual scientific meeting. 

“The results of this study suggest the success patients can have when they manage their dialysis care at home,” said Outset Medical Chief Executive Office Leslie Trigg.  “We believe a new technology option for patients who want to dialyze at home will help support the White House initiative to improve care and expand treatment in the home.”

Outset Medical’s Chief Medical Officer, nephrologist Michael Aragon, M.D., added, “More than 500,000 Americans are on dialysis, and approximately 100,000 more begin treatment each year.  The more that care can be easily accessible, the better it is for patients and our country’s health care system.”

About the Tablo System

Tablo was designed in Silicon Valley to reduce the cost and complexity of dialysis care. Requiring only an electrical outlet and tap water to operate, the small, mobile Tablo system frees patients and providers from expensive clinic infrastructure.  The machine’s functionality enables it to serve as a dialysis clinic on wheels. Wireless data, sensor-based automation and an animated touchscreen make the system easy to learn and use. 

About Outset Medical

Silicon Valley-based Outset Medical is dedicated to technology-driven service model innovation aimed at reducing cost and transforming the patient care experience. Outset’s Tablo System is CE-marked and FDA-cleared for use in acute and chronic care settings.  In October, the U.S. Department of Health and Human Services (HHS) awarded Outset Medical a contract for the use of the Tablo in communities hit by natural disasters.  This year, Outset also was named a winner of the Kidney X Redesign Dialysis Competition sponsored by the Department of HHS and the American Society of Nephrology.

For more information, visit www.outsetmedical.com and follow the company on Twitter at @OutsetMedical.

Photo – https://mma.prnewswire.com/media/1004571/Outset_Medical_Tablo.jpg

SOURCE Outset Medical

Hundreds of Millions of Holiday Packages Expected between Thanksgiving and New Year’s Day

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US_Postal_Service_Logo

WASHINGTON, Nov. 7, 2019 /PRNewswire-HISPANIC PR WIRE/ — The U.S. Postal Service (USPS) is ready to deliver more than 28 million packages per day between Dec.16-21, and will average 20.5 million packages per day through the remainder of the year.

With a projected 800 million package deliveries between Thanksgiving and New Year’s Day, the Postal Service delivers more packages to homes than any other shipper.

The Postal Service will expand Sunday delivery beginning Nov. 24 to locations with high package volumes. USPS already delivers packages on Sundays in most major cities, and anticipates delivering more than 8 million packages on Sundays in December. Mail carriers will also deliver packages for an additional fee on Christmas Day in select locations.

The Postal Service plans for peak holiday season all year. This includes making sure the right equipment is available to sort, process and deliver the expected mail and package volumes. Seasonal workers are hired when and where needed, and technology has been expanded to enhance package tracking throughout the USPS processing and transportation networks.

Busiest Mailing and Delivery Days
The Postal Service’s busiest time of the season peaks two weeks before Christmas, when much last-minute shopping starts. Customer traffic is expected to increase beginning Dec. 9, while the week of Dec. 16 is expected to be the busiest time for mailing, shipping and delivery. Additionally, the Postal Service predicts that nearly 2.5 billion pieces of First-Class Mail, including greeting cards, will be processed and delivered the week of Dec. 16.

Skip the Trip and Ship Online
Consumers can use usps.com to ship their packages and save trips to the Post Office. The Postal Service anticipates Dec. 16 will be the busiest day online with more than 8.5 million consumers predicted to visit usps.com for help shipping holiday gifts. Nearly 105 million consumers are predicted to visit usps.com between Thanksgiving and New Year’s Day.

The Postal Service estimates nearly 400,000 consumers will use the Click-N-Ship feature and other online services Dec. 16 to order free Priority Mail boxes, print shipping labels, purchase postage and request free next-day Package Pickup.

2019 Holiday Shipping Deadlines
The Postal Service recommends the following mailing and shipping deadlines for expected delivery by Dec. 25 to Air/Army Post Office/Fleet Post Office/Diplomatic Post Office and domestic addresses*:

  • Dec. 9 — APO/FPO/DPO (ZIP Code 093 only) Priority Mail and First-Class Mail
  • Dec. 11 — APO/FPO/DPO (all other ZIP Codes) Priority Mail and First-Class Mail
  • Dec. 14 — USPS Retail Ground
  • Dec. 18 — APO/FPO/DPO (except ZIP Code 093) USPS Priority Mail Express
  • Dec. 20 — First-Class Mail (including greeting cards)
  • Dec. 20 — First-Class packages (up to 15.99 ounces)
  • Dec. 21 — Priority Mail
  • Dec. 23 — Priority Mail Express*

Alaska

  • Dec. 18Alaska to mainland First-Class Mail
  • Dec. 19Alaska to mainland Priority Mail
  • Dec. 21Alaska to mainland Priority Mail Express

Hawaii

  • Dec. 19Hawaii to mainland Priority Mail and First-Class Mail
  • Dec. 21Hawaii to mainland Priority Mail Express

*Not a guarantee, unless otherwise noted. Dates are for estimated delivery before Dec. 25. Actual delivery date may vary depending on origin, destination, Post Office acceptance date and time and other conditions. Some restrictions apply. For Priority Mail Express shipments mailed Dec. 21-25, the money-back guarantee applies only if the shipment was not delivered, or delivery was not attempted, within two (2) business days.

Delivering for the Military and Overseas
The Postal Service also processes mail for overseas Department of Defense (DoD) and Department of State (DoS) recipients. The DoD measures mail volumes in pounds not pieces, and USPS expects to process more than 15 million pounds of mail for DoD and DoS recipients between Thanksgiving and New Year’s Eve.  

More tips for a successful holiday mailing and shipping season:

  • Use free Priority Mail Flat Rate boxes. They are available at local Post Offices or online at usps.com/freeboxes
  • Make it easy with Click-N-Ship. You can create shipping labels and pay for postage online at usps.com/ship
  • Schedule a free Package Pickup when the carrier delivers your mail. It’s free regardless of the number of packages. Or, pickups can be scheduled at usps.com/pickup
  • New this year, mail and packages weighing more than 10 ounces and/or are more than a half-inch think using stamps as postage cannot be dropped into a collection box or left for a carrier to pick up. Instead, take them to a window clerk at a Post Office. Click-N-Ship customers are unaffected by this change. 

Additional news and information, including all domestic, international and military mailing and shipping deadlines, can be found on the Postal Service Holiday Newsroom at usps.com/holidaynews.

The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.

Please Note: For U.S. Postal Service media resources, including broadcast quality video and audio and photo stills, visit the USPS Newsroom. Follow us on Twitter, Instagram, Pinterest, and LinkedIn. Subscribe to the USPS YouTube Channel, like us on Facebook and enjoy our Postal Posts blog. For more information about the Postal Service, visit usps.com and facts.usps.com.

More USPS holiday news, including shipping deadlines and Santa mail, can be found at usps.com/holidaynews.
For reporters interested in speaking with a regional Postal Service public relations professional, please go to about.usps.com/news/media-contacts/usps-local-media-contacts.pdf.  

Contact: Kim Frum
kimberly.a.frum@usps.gov 
usps.com/news

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SOURCE U.S. Postal Service

Female Wells Fargo Employee Files Lawsuit Alleging Being Drugged and Sexually Assaulted by her Boss

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OAKLAND, California, Nov. 7, 2019 /PRNewswire-HISPANIC PR WIRE/ — Gwilliam, Ivary, Chiosso, Cavalli & Brewer filed a lawsuit today on behalf of Y.G., a 20-year-old junior employee of Wells Fargo, which alleges she was drugged and raped by her manager, Antonio Perez. Criminal charges have been filed in this matter. According to the lawsuit, Perez used his position of power in Wells Fargo to compel Y.G. to go out and celebrate her promotion with him and other Wells Fargo managers. Perez knew Y.G. was 20 years old. During the course of the night he allegedly bought her drinks and then he slipped her date rape drugs.  The lawsuit alleges that when she became unconscious, he took her back to the Wells Fargo parking lot and sexually assaulted her.  She woke up in a drug induced hangover in his bedroom while he was on a conference call for Wells Fargo managers.

The lawsuit further states that Y. G. immediately went to the police and underwent a rape kit where she was found to have the date rape drug GHB in her system. The lawsuit alleges that Y.G.’s direct supervisor, an assistant branch manager, suspected that Mr. Perez had drugged and raped another junior employee but never warned Y.G. 

Just a few weeks ago California enacted legislation to prevent cases like these from being forced into arbitration. The new law takes effect January 1, 2020.  Unfortunately, the new law does not benefit women like Y.G. who were forced to give up their rights prior to the law taking effect. 

Y.G. said, “I loved my job and what happened to me completely changed the course of my life. I just want the public to hear my story, so hopefully this doesn’t happen to anyone else ever again.”

California employers are liable for the conduct of people they employ as managers if that conduct is connected to the workplace.  As a San Francisco based company, Wells Fargo should litigate this case in the light of day rather than try to hide behind arbitration,” said Y.G.’s attorney, Jayme L. Walker, Partner with Gwilliam Ivary Chiosso Cavalli & Brewer.

“It is absolutely outrageous that this young underage girl was allegedly given alcohol and drugged and raped by her manager and we intend to seek justice for her,” said Gary Gwilliam, Esq. of Gwilliam Ivary Chiosso Cavalli & Brewer who represents the Plaintiff.

For more information contact:

J. Gary Gwilliam, Esq. or Jayme Walker, Esq.

Gwilliam Ivary Chiosso Cavalli & Brewer (510) 832-5411

ggwilliam@giccb.comjwalker@giccb.com

Mary Alexander, Esq. (Referring Firm)

Mary Alexander & Associates, P.C. (415) 433-4440

malexander@maryalexanderlaw.com

 

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SOURCE The Law Firm of Gwilliam, Ivary, Chiosso, Cavalli & Brewer

Regal Medical Group Expands Into San Diego

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Regal Medical Group

SAN DIEGO, Nov. 5, 2019 /PRNewswire-HISPANIC PR WIRE/ Regal Medical Group announces it has expanded its healthcare services to San Diego and surrounding communities to provide comprehensive coordinated medical care with a focus on enhancing the health and well-being of its senior population. Regal’s presence in the community will grant residents increased access to valuable healthcare and offer more options when choosing primary care physicians close to home.    

Regal Medical Group

Regal is already the healthcare network of choice for thousands of members throughout Los Angeles, Orange, San Bernardino, Ventura, and Riverside counties. Regal offers additional resources that extend beyond the doctor’s office to help members live a well-balanced life. From free fitness and healthy cooking classes, to health education and coordinated support for chronic conditions, Regal partners with its members to deliver personalized, well-rounded care that supports optimal health and well-being.

“We are excited and proud to expand our services to help improve the lives and health of those in our community,” explained Jasmine Frank, Senior Vice President of Regional Operations at Regal Medical Group. “Through Regal’s quality services and programs, we are better aligned to support our physicians in caring for and coordinating our members’ healthcare while providing access to meet the healthcare needs of the communities of San Diego, right in their own neighborhood.”

About Regal Medical Group 
Regal Medical Group is an affiliate of Heritage Provider Network (HPN), which serves as a trusted healthcare network for over 40 years to nearly 600,000 Southern California members. As the largest doctor-owned medical group in Southern California, HPN and its affiliates are dedicated to quality, affordable and patient-centric healthcare through its robust programs and services offered to its members. For more information, please visit www.regalmed.com or you may also contact us at: (844) 216-3518.

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SOURCE Regal Medical Group

Mazda North America Celebrates 100th Open-Concept Dealership

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Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com. (PRNewsFoto/Mazda North American Operations)

IRVINE, Calif., Nov. 7, 2019 /PRNewswire-HISPANIC PR WIRE/– Mazda North American Operations (MNAO) is celebrating a significant milestone on its path to premium: the opening of the 100th updated dealership. Mazda’s focused effort on creating a refreshed dealership design and customer experience, referred to as Retail Evolution, was originally announced in 2014. The upgraded dealership design features an upscale, open concept floor plan to offer a higher level of business transparency and customer satisfaction, providing a consistent experience from when a customer first comes into the showroom all the way to when they bring in their Mazda to be serviced.

Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com. (PRNewsFoto/Mazda North American Operations)

“As dealerships are the main touchpoint for customers to interact with the Mazda brand, our Retail Evolution stores showcase the overall spirit and direction of our brand, the sophisticated design and premium content of our vehicles and the excellent service our customers expect,” said Masahiro Moro, chairman and chief executive officer of MNAO. “We are grateful for our dealer partners who have made the significant investment in this program.”

The new stores are an integral aspect of Mazda’s long-term business strategy in the U.S. market. Dealerships operating as Retail Evolution dealerships for more than a year have increased service retention an average of 57 percent and have seen average sales growth of more than 10 percent year-over-year compared to non-upgraded dealerships.

Since the Retail Evolution program was announced five years ago, 275 dealerships have committed to upgrading their facilities, with Jeff Haas Mazda in Houston rounding out the first 100 completed stores.

“Mazda has always been a frontrunner in both design and technology, and our all-new dealership is a direct representation of that mission. It evokes a unique feeling and we’re thrilled that our dealership completes the first 100,” said Jeff Haas, owner of Jeff Haas Mazda. “There’s a deep sense of pride in our new store, as our physical surroundings will now match the level of quality and care our team provides to our customers.”

Mazda is on track to reach 300 refreshed dealerships by 2021, at which point 85 percent of all sales and service will pass through the new dealerships. Mazda remains committed to working with dealer partners as together they strive to elevate the brand and grow business in the U.S. market.

For more information on Mazda or to find your local dealer, visit Mazdausa.com

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

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SOURCE Mazda North American Operations

SBS Chairman Raúl Alarcón Appointed To FCC Committee Seeking Diversity In Media

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MIAMI, Nov. 6, 2019 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (SBS) (OTCQB: SBSAA) Chairman and CEO, Raúl Alarcón, has been appointed to the Federal Communications Commission’s (“FCC”) Advisory Committee on Diversity and Digital Empowerment (“ACDDE”) by FCC Chairman Ajit Pai. Mr. Alarcón will join an accomplished group of media and digital executives focused on accelerating the entry of women, minorities and small businesses into the media industry.

“For nearly 40 years, I have personally known Raúl as a true visionary in the entertainment industry, having played a pivotal role in creating one of the nation’s largest Hispanic-owned and operated multi-media companies,” commented Daisy Expósito-Ulla, the iconic Latina ad executive and owner of the d expósito & Partners agency. “Throughout his years in radio, television and digital media, Raúl has remained intimately connected to the U.S. Hispanic community and served as a mentor, colleague and supporter of countless minority business owners. His addition to the ACDDE brings decades of first-hand experience in minority and small business ownership and a uniquely passionate and persistent voice for this important cause.”

“I am honored to be a part of the ACDDE and look forward to working alongside my fellow committee members to empower women and minority business owners across the U.S.,” stated Mr. Alarcón. “There are countless entrepreneurs with the commitment, creativity and drive to be successful while at the same time struggling to find industry access. I’m excited to have the opportunity to assist these talented visionaries as they work to grow their businesses and transform the media landscape.”

Mr. Alarcón joined SBS in 1983 as an Account Executive and has served as President since 1985 and Chief Executive Officer since 1994. He was elected Chairman of the Board in 1999.

Currently, Mr. Alarcón is responsible for the formation and execution of SBS’ overall corporate strategy. Under his leadership, the company has grown into a leading Spanish-language multi-media entity complete with top-ranked radio stations in the largest U.S. markets, including the most-listened-to Hispanic station in the world, WSKQ-FM in New York City, as well as LaMusica, the nation’s #1 ranked Hispanic digital streaming site and top Hispanic radio mobile app, and a leading live events and experiential platform, SBS Entertainment.

In addition to joining the ACDDE, Mr. Alarcón recently received the 2019 Businessperson of the Year Award from the U.S. Hispanic Chamber of Commerce (USHCC).

Initially chartered in July 2017, the ACDDE provides advice and recommendations to the FCC regarding how to empower underrepresented and disadvantaged individuals, businesses and communities and accelerate their entry into the media, digital news and information, and audio and video programming industries.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres, including the global Hispanic radio leader, WSKQ-FM in New York City. SBS also operates AIRE Radio Networks, a national radio platform of over 250 affiliated stations reaching 94% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including La Musica, the nation’s top Hispanic radio mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

MEDIA CONTACT SBS:

Vladimir Gomez
vgomez@sbscorporate.com 
(786) 470-1644

SOURCE Spanish Broadcasting System, Inc.

NSSF Promotes Gun Safety in Texas with $1 Million Grant from Governor’s Office

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NEWTOWN, Connecticut, Nov. 6, 2019 /PRNewswire-HISPANIC PR WIRE/ — The National Shooting Sports Foundation is making available firearms safety education materials to Texas communities after being awarded a $1 million grant earlier this year from the Office of Governor Greg Abbott. The goal of the initiative is to help reduce firearms accidents, theft and misuse, including suicide.

National Shooting Sports Foundation Logo

Texas selected NSSF as the recipient of the grant because of the strong track record of NSSF’s Project ChildSafe program, which for two decades has provided genuine firearms safety education to communities in all 50 states and the U.S. territories. Project ChildSafe is a firearms safety program created by gun owners for gun owners. It has distributed more than 38 million free firearm safety kits that include a gun lock through partnerships with more than 15,000 law enforcement departments.

“We are very grateful to the state of Texas for this $1 million grant and for their confidence and trust in NSSF and the Project ChildSafe program to promote responsible firearms ownership,” said NSSF President Joe Bartozzi. “We’ll be reminding gun owners that there’s a safe storage option that fits their lifestyle—whether it’s a gun lock, lock box or full-size gun safe—that will help keep guns out of the wrong hands.”

NSSF has been the recipient of many grants to support expansion of its award-winning Project ChildSafe program, including most recently a $2.4 million federal grant through the U.S. Department of Justice-Bureau of Justice Assistance.

NSSF will make its Project ChildSafe firearm safety kits, which contain a cable-style gun lock and safety brochure, available to communities through law enforcement agencies. The firearm safety kits can be ordered by law enforcement via the program’s website. In addition to the gun locks, partners will receive a poster reminding gun owners of the many gun safety resources at ProjectChildSafe.org, including firearm safety videos featuring McGruff the Crime Dog for young children, a video on how parents can talk to their kids about gun safety, a firearms and suicide prevention brochure, a child safety pledge and an infographic illustrating various safe storage devices for different lifestyles and budgets to secure firearms when not in use. NSSF’s “Own It? Respect It. Secure It.” campaign is a component of all Project ChildSafe initiatives.

“We are looking forward to working with Texas communities and emphasizing that securely storing firearms when not in use is the number one way to help prevent accidents, misuse and thefts,” said Bartozzi.

Safe storage of firearms works. Fatal firearms accidents have declined by 50 percent from 1997 to 2017, according to the Centers for Disease Control and Prevention, with unintentional firearm deaths accounting for less than 1 percent of fatal accidents from all causes.

NSSF Project ChildSafe Logo

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Logo – https://mma.prnewswire.com/media/1024362/NSSF_Project_ChildSafe_Logo.jpg

SOURCE National Shooting Sports Foundation

Trump Unpopular with Hispanics in Florida, Struggles in Matchups with Democratic Contenders in New FAU Poll

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The Business and Economics Polling Initiative (BEPI) at Florida Atlantic University conducts surveys on business, economic, political, and social issues with main focus on Hispanic attitudes and opinions at regional, state and national levels.

BOCA RATON, Florida, Nov. 6, 2019 /PRNewswire-HISPANIC PR WIRE/ — U.S. President Donald Trump’s approval ratings are underwater among Hispanics in Florida, where he trails by large margins in head-to-head matchups with top Democratic presidential contenders, according to a statewide survey of voters conducted by the Business and Economics Polling Initiative (FAU BEPI) in Florida Atlantic University’s College of Business.

The Business and Economics Polling Initiative (BEPI) at Florida Atlantic University conducts surveys on business, economic, political, and social issues with main focus on Hispanic attitudes and opinions at regional, state and national levels.

The poll of 600 registered voters shows Hispanics overall have an unfavorable opinion of Trump, with 48 percent disapproving of his job performance, while 31 percent approve, and 22 percent are undecided. Trump’s approval is underwater with Puerto Ricans at 64 percent disapproval and 19 percent approval. However, those from Mexico are split, with 43 percent disapproval and 38 percent approval. Cubans provided a bright spot for Trump, with 47 percent approval and 28 percent disapproval.

Florida Gov. Ron DeSantis fared well with Hispanics, who gave him 36 percent approval for the job he is doing, with 23 percent disapproval and 34 percent undecided.

In a hypothetical Republican primary, 77 percent would vote for Trump, 12 percent for former Illinois Congressman Joe Walsh, 7 percent for former Massachusetts Gov. Bill Weld and 5 percent for former South Carolina Gov. and Congressman Mark Sanford. Republicans accounted of 152 of respondents in the survey, making the margin for error in the primary vote +/- 7.9 percent.

In the Democratic primary, U.S. Sen. Bernie Sanders holds a slight advantage with 27 percent of the vote, followed by former U.S. Vice President Joe Biden at 21 percent and U.S. Sen. Elizabeth Warren at 20 percent. Former U.S. Secretary of Housing and Urban Development Julian Castro rounded out the top four at 5 percent. Democrats accounted for 268 of the respondents in the survey, making the margin for error in the primary vote +/-6 percent.

In potential general election match-ups, Biden was the strongest against Trump with a 65.7 to 34.3 percent lead. Warren did almost as well, defeating Trump 64.9 to 35.1 percent, while Sanders beat out the president 62.1 to 37.9 percent.

Data was collected Oct. 30- Nov. 2 via a mix mode sample with an online panel provided by Dynata and a landline sample provided by Aristotle Inc. and collected by IVR. The survey has a margin of error of +/-3.9 percent.

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SOURCE FAU Business and Economics Polling Initiative

L.A. Care Health Plan and Blue Shield of California Promise Health Plan Set to Open their First Jointly Operated Community Resource Center

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POMONA, California, Nov. 6, 2019 /PRNewswire-HISPANIC PR WIRE/ — L.A. Care Health Plan and Blue Shield of California Promise Health Plan today invited community leaders to their first jointly operated Community Resource Center for a ribbon cutting ceremony. The new center, which will open to the public early next month, is part of the $146 million commitment announced in September 2019 to jointly operate 14 such locations across Los Angeles County. The new resource center is located at 696 West Holt Avenue, in the heart of Pomona.

The Community Resource Center in Pomona will offer a wide variety of exercise, nutrition and health management classes in a safe, fun and inclusive space for local residents at no cost. This is the first of seven new centers that will open in the coming years. Seven existing centers will be either renovated or moved to larger locations.

“The centers will offer services and resources to our members and the community that will keep them active, healthy and informed,” said John Baackes, L.A. Care CEO. “Ultimately, the resource centers will help to improve health outcomes and reduce health care costs over time.”

L.A. Care and Blue Shield Promise will tailor programs to meet specific wellness needs in each community we serve. Through our community outreach representatives, on-site care managers, and community health workers, the health plans will provide tools and resources to meet local health needs, including preventive screenings.

The Community Resource Center in Pomona is a 12,000-square-foot facility, much larger than the existing centers, giving the health plans the space to accommodate community local organizations that will help connect visitors to much needed social resources.

“Beyond traditional health and wellness offerings, the centers will also offer personalized services to members from both plans, including on-site care management,” said Dr. Greg Buchert, President and CEO, Blue Shield of California Promise Health Plan. “Our two plans have a long history working together, and this new collaboration will allow us to leverage our respective strengths for the benefit of everyone in the Pomona area who uses the centers.”

For more information about the Community Resource Center collaboration, please visit activehealthyinformed.org.

About L.A. Care Health Plan
L.A. Care Health Plan serves nearly 2.2 million members in Los Angeles County, making it the largest publicly-operated health plan in the country. L.A. Care offers four health coverage plans including Medi-Cal, L.A. Care Covered™, L.A. Care Cal MediConnect and the PASC-SEIU Homecare Workers Plan, all dedicated to being accountable and responsive to members. As a public entity, L.A. Care’s mission is to provide access to quality health care for L.A. County’s vulnerable and low-income communities, and to support the safety net required to achieve that purpose. L.A. Care prioritizes quality, access and inclusion, elevating health care for all of L.A. County. For more information, visit lacare.org or follow us on TwitterFacebook, LinkedIn, and Instagram.

About Blue Shield of California and Blue Shield of California Promise Health Plan
Blue Shield of California strives to create a health care system worthy of our family and friends that is sustainably affordable. We are a not-for-profit, independent member of the Blue Cross Blue Shield Association with 4 million members, 6,800 employees and more than $20 billion in annual revenue. Founded in 1939 in San Francisco and now headquartered in Oakland, Blue Shield of California and its affiliates provide health, dental, vision, Medicaid and Medicare health care service plans in California. The company has contributed more than $500 million to Blue Shield of California Foundation since 2002 to have an impact on California communities.

Blue Shield of California Promise Health Plan, a health plan wholly owned by Blue Shield of California, offers Medi-Cal, Cal MediConnect, Medicare Advantage, Medicare Supplement, and Dual Eligible Special Needs Plans. It is led by healthcare professionals with a “members-first” philosophy and committed to building a quality network of providers and partnering with community organizations for its nearly 500,000 members. For more information about Blue Shield of California Promise Health Plan, please visit blueshieldca.com/promise. Or follow us on LinkedIn, Twitter, or Facebook.

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SOURCE Blue Shield of California Promise Health Plan

California Alcohol Policy Alliance (CAPA) to Announce 2019 CAPA Alcohol Prevention Heroes

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California Alcohol Policy Alliance (CAPA) AlcoholPolicyAlliance.org

SAN FRANCISCO, Nov. 6, 2019 /PRNewswire-HISPANIC PR WIRE/ — California Alcohol Policy Alliance (CAPA), and Alcohol Justice, are pleased to announce the CAPA Alcohol Prevention Hero Awards for 2019, during a press event at the 4th Annual CAPA Summit. This year CAPA took a leadership role in successfully opposing SB 58, Senator Scott Wiener’s 3rd failure in three years to change last call policy at California bars, restaurants, and nightclubs. 

California Alcohol Policy Alliance (CAPA) AlcoholPolicyAlliance.org

 

What:

Press Event / 2019 CAPA Alcohol Prevention Hero Awards

When:

Thursday, November 7, 2019, 12:30 P.M.

Where:

Yosemite Room, California Endowment Center for Healthy Communities

1000 North Alameda St., Los Angeles, CA 90012

Who: 

2019 CAPA Alcohol Prevention Hero Awards:

Tom Lackey (R-Palmdale), California State Assemblymember, District 36

CAPA Member Agency of the Year – Surprise 

2019 CAPA Wakinyan Awards:

Paul Krekorian, (D-Los Angeles) Los Angeles City Council, District 2

Paul Koretz, Los Angeles City Council, District 5

Alison Simard, Director of Communications, Councilmember Paul Koretz

Jeffrey Ebenstein, Director of Policy and Legislation, Councilmember Paul Koretz. 

Miriam Castro, CAPA member, community organizer

Richard Zaldivar, CAPA Co-Chair, Founder/E.D., The Wall – Las Memorias Project, President/Chair, Alcohol Justice Board of Directors

CAPA Member Organizations:

  • Alcohol Justice
  • Alcohol-Narcotics Education Foundation of California
  • ADAPP, Inc.
  • ADAPT San Ramon Valley
  • Bay Area Community Resources
  • Behavioral Health Services, Inc.
  • CA Council on Alcohol Problems
  • CASA for Safe & Healthy Neighborhoods
  • Center for Human Development
  • Center for Open Recovery
  • DogPAC of San Francisco
  • Dolores Huerta Foundation
  • Eden Youth & Family Center
  • Institute for Public Strategies
  • FASD Network of Southern CA
  • FreeMUNI – SF
  • Friday Night Live Partnership
  • Koreatown Youth & Community Center
  • Laytonville Healthy Start
  • L.A. County Friday Night Live
  • L.A. Drug & Alcohol Policy Alliance (L.A.DAPA)
  • L.A. County Office of Education
  • Lutheran Office of Public Policy – CA
  • MFI Recovery Center
  • Mountain Communities Family Resource Center
  • National Asian Pacific American Families Against Substance Abuse
  • National Council on Alcoholism & Drug Dependence – Orange County
  • Partnership for a Positive Pomona
  • Paso por Paso, Inc.
  • Project SAFER
  • Pueblo y Salud
  • Reach Out
  • San Marcos Prevention Coalition
  • San Rafael Alcohol & Drug Coalition
  • SAY San Diego
  • Saving Lives Drug & Alcohol Coalition
  • South Orange County Coalition
  • Tarzana Treatment Centers, Inc.
  • The Wall Las Memorias Project
  • UCEPP Social Model Recovery Systems
  • Women Against Gun Violence
  • Youth For Justice

CAPA Mission:
The California Alcohol Policy Alliance (CAPA) shall unite diverse organizations and communities in California to protect health and safety, and prevent alcohol-related harm through statewide action.

CAPA Platform:
Current core issues leading to specific advocacy and policy change action items.

  • Raise the price of alcohol through taxes and fees, supporting the “Charge for Harm” concept that the industry should pay for treatment, prevention and all other costs to government.
  • Limit alcohol advertising in all media, especially on government-controlled property and where children or targeted populations are exposed.
  • Make the California Department of Alcoholic Beverage Control effective, efficient, transparent, and accountable to public health and safety concerns of the community, and not to cater to industry profits and license expediency, through policies that reduce alcohol outlet density and increase funding for alcohol control, regulation, and enforcement.
  • Eliminate product lines (such as alcopops and malt liquors) oriented to underage youth and vulnerable or targeted populations.
  • Reduce the allowable blood alcohol content for drivers as “Point .05 Saves Lives”

For More Information go to: https://alcoholpolicyalliance.org/ or https://alcoholjustice.org/

Take Action here: to thank the California legislators who stopped SB 58!

CONTACT: Michael Scippa 415 548-0492
Jorge Castillo 213 840-3336

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SOURCE California Alcohol Policy Alliance

Chipotle Announces Industry-Leading Mental Health And Financial Wellness Benefits For All Employees

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Chipotle announced today that it will be providing access to mental healthcare and financial wellness for more than 80,000 employees in 2020 through Employee Assistance Programs and enhanced benefits offerings.

NEWPORT BEACH, Calif., Nov. 5, 2019 /PRNewswire-HISPANIC PR WIRE/ — Chipotle Mexican Grill (NYSE: CMG) announced today that it will be providing access to mental healthcare and financial wellness for more than 80,000 employees in 2020 through Employee Assistance Programs and enhanced benefits offerings. This is just one of the many ways that Chipotle continues to enable its workforce by offering world-class benefits.

Chipotle announced today that it will be providing access to mental healthcare and financial wellness for more than 80,000 employees in 2020 through Employee Assistance Programs and enhanced benefits offerings.

By simplifying access to mental health benefits and identifying work-related risk factors, Chipotle is trying to minimize the effect of mental health in the workplace. All Chipotle associates and their family members will have the opportunity to receive personalized assistance from healthcare experts before, during and following medical needs through a partnership with Health Advocate, regardless of whether they are enrolled in the company’s medical plan. Mental health and emotional support will also be extended to all employees and their family members through in-person, phone or virtual visits with a licensed counselor to support personal, professional, mental, financial and/or legal concerns. Chipotle offers its employees a seamless, digital experience with easy access to providers and care.

“This is just the beginning of how we’re strategically investing in the well-being of our employees and their families,” said Marissa Andrada, Chipotle’s Chief People Officer.  “Our vision for people is to create a culture where employees can thrive and pursue their passion and by extending access to all levels and enriching our Employee Assistance Program, we are ensuring that our employees can build mental fitness and bring their best selves to work every day.” 

Additional enhancements to Chipotle’s 2020 suite of benefits available to all include:

  • Cultivate Me portal (UPoint): A dynamic benefits site that will bring the entire Chipotle healthcare ecosystem to employees’ mobile phones
  • Healthcare plans: Enhanced hourly PPO plan for eligible crew in addition to the Preventative Plus plan 
  • Financial Wellness: Access to Ayco’s financial counseling platform, including an assessment, checklist and accompanying education to assist with financial planning
  • Fitness Centers: Access to national gyms with discounted pricing

Communicating and encouraging use of these new programs can make a real impact when it comes to managing mental illness in the workplace. According to a study by PwC, money causes the most stress in the lives of almost 60 percent of people. Chipotle recognized this when it introduced both debt-free degrees and a new crew bonus program this year, which allows its restaurant teams the opportunity to earn up to an extra month’s pay each year; in order to do so,  pre-determined sales, as well as cashflow and throughput goals must be achieved quarterly.  The bonus (calculated as an individual’s average weekly pay per quarter), valued at more than $1 million last quarter, was achieved by 135 restaurants and 3,100 employees. Chipotle Crew members also receive a number of other compelling benefits, including a debt-free degree or tuition reimbursement up to $5,250 per year, free English as a second language and GED classes for employees and family members, as well as available dental, vision and medical insurance.

ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Chipotle had over 2,500 restaurants as of September 30, 2019, in the United States, Canada, the United Kingdom, France and Germany and is the only restaurant company of its size that owns and operates all its restaurants. With more than 80,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. Steve Ells, founder and Executive Chairman, first opened Chipotle with a single restaurant in Denver, Colorado in 1993. For more information or to place an order online, visit WWW.CHIPOTLE.COM.

Chipotle Mexican Grill Logo

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SOURCE Chipotle Mexican Grill

Portada Announces New Insights Report for U.S. Hispanic Engagement

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NEW YORK, Nov. 5, 2019 /PRNewswire-HISPANIC PR WIRE/ — Portada has released the results of ongoing research about how to engage U.S. Hispanic consumers in a new insights report titled How Brands Engage U.S. Hispanics: New Segmentation Approaches. This series of insights around the new Hispanic reality provides a fresh perspective on the media advertising expenditures reaching Latinos in the U.S.

Though Hispanics account for about 17% of the U.S. population, and in spite of their demonstrated buying power and high indexes of technological adoption, most companies still struggle to come up with appropriate multicultural marketing strategies. The need to implement new, more efficient segmentation approaches to engage and retain the U.S. Hispanic consumer is becoming more pressing.

“As the United States get more diverse and more complex from a consumer behavior perspective it has become an imperative for brand marketers to develop new segmentation approaches to target multicultural consumers; particularly the U.S. Hispanic consumer. This Portada Insights report is an example of how our knowledge-sharing and networking platform, the Portada Council System, works on innovative approaches for brands to engage consumers in the multicultural United States,” says Marcos Baer, president of Portada.

The Portada Insights report How Brands Engage U.S. Hispanics: New Segmentation Approaches includes:

  • Thought Starters
  • Data reflecting the new Hispanic reality, including Hispanic-targeted English-language and Spanish-language media expenditures and forecasts based on research by Portada.
  • Challenges and opportunities in deriving new segmentation approaches as seen by brand marketers
  • Practical examples of why the changing identity features of Hispanics can be a major challenge for marketers
  • Solution Approaches

If you are a brand marketer, download here.

If you are a marketing services vendor, download here.

About Portada

Portada is a leading networking solutions platform for dynamic tech, marketing and media companies in the Americas. Portada members receive top business leads, advertising and PR services through events, digital-social and print magazine.

To find out more about Portada’s services, please contact Sales Director Leslie Zambrano at leslie@portada-online.com.

Media Contact: Isabel Ojeda, isabel@portada-online.com, + 52 1 5564162299

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SOURCE Portada