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Host of Miss New York USA Vows to Bring Heroic NY HealthCare Workers on 5 Star Vacation Featured on Global Child “Travel with Purpose” show on Amazon Prime Video.

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Global_Child_Children_Photo

NEW YORK, April 2, 2020 /PRNewswire-HISPANIC PR WIRE/ — Augusto Valverde creator of the world travel show Global Child “Travel with Purpose” and host of Miss New York USA 2020 vows to bring several heroic NYC healthcare workers on an all-expenses paid vacation to an exotic destination in 2021.

“People need hope and our healthcare workers across the country are truly acting heroically. I can’t help everyone, but I can give back by bringing a couple of them on one of our next shoots and offering them the rest and reward they deserve,” says Valverde.

After his sister delivered a healthy baby boy on March 29th at Mt Sinai Hospital in Manhattan amid the covid-19 pandemic, Valverde says he has a debt of gratitude to the healthcare workers of New York.

“It will be my pleasure to bring a couple more of our medical heroes and give back to them whenever, however I can. Maybe we’ll get them to skydive or scuba dive with sharks like we did… after facing the coronavirus they’ll be able to face anything!”

Valverde a former theology student, who saw his Season 3 filming interrupted, also has words of encouragement for other struggling professionals.  “Right now, as the mood worldwide darkens in the face of this pandemic; we need to remember that we are each called to be the light of the world. This virus is invisible, and I believe that in order to overcome it, in addition to social distancing we need to access invisible tools like love, hope, faith, peace, patience and kindness. We are all spiritual beings and part of one Global family. You are a Global Child because no matter what you believe, who you vote for, your race or gender, we have so much more in common than what sets us apart. It’s time to set aside our differences, think of the safety of others first, love one another as a Global family and pray. We need to rise up in faith instead of succumbing to fear. I know we’ll get past this storm together… already it’s helping us to rediscover what truly matters.”

Global Child will resume filming Season 3 as soon as the travel bans are lifted. 

About Global Child
Augusto Valverde has filmed the luxury adventure world travel show Global Child in 23 countries as they share positive life lessons and give back to the communities they visit.

Global Child has been featured on major airlines like American Airlines, Iberia and are currently streaming Season One on Amazon Prime with a reach of almost one billion viewers.  Valverde, a volunteer Christian jail chaplain based in Los Angeles, also hosted this year’s Miss New York USA beauty pageant.  He is currently writing a book for Simon Schuster about life lessons.  You can see Season 1 of Global Child on Amazon Prime Video and connect with Augusto via Instagram @GlobalChildTV and find out more on: www.GlobalChildTV.com

Contact:
www.GlobalChildTV.com 
IG @GlobalChildTV
Press Inquiries: +13057992557
augusto@globalchildtv.com

Photo – https://mma.prnewswire.com/media/1140744/Global_Child_Children_Photo.jpg
Logo –  https://mma.prnewswire.com/media/1140743/Global_Child_Logo.jpg

SOURCE Global Child

American Honda Reports March Auto Sales in the Face of Difficult Market Conditions

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

TORRANCE, California, April 1, 2020 /PRNewswire-HISPANIC PR WIRE/ —

American Honda

Honda

Acura

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

Q1

298,785

131,845

166,940

270,253

123,407

146,846

28,532

8,438

20,094

-19.2%

-22%

-16.8%

-18.9%

-22.1%

-16.1%

-21.6%

-20.6%

-22%

Total

Cars

Trucks

Total

Cars

Trucks

Total

Cars

Trucks

March

77,153

37,175

39,978

70,116

34,953

35,163

7,037

2,222

4,815

-48%

-47.2%

-48.8%

-47.7%

-46.9%

-48.5%

-51.2%

-51.6%

-51%

“As a society, we’re all in this together. After a strong start to the year, industry sales are going to suffer in the short term, and we have suspended auto production as part of our effort to carefully manage our business in the face of the steep decline in demand,” said Steven Center, vice president of Automobile Sales at American Honda. “At Honda, we are focused more than ever on supporting our customers, our dealers, our associates, and the communities where we live and work in the presence of this unprecedented threat to our health and the economy. Our country is going to come back strong and we are going to come back strong, and we know there are better times ahead.”

Honda Acura

BRAND REPORTS

Sales

COVID-19 Initiatives & Customer Support

With sales up 0.2% after the first two months of 2020, and both brands off to a strong start in the first 10 days of March, the COVID-19 crisis quickly took its toll on March and 1st quarter sales results.

  • Considering the severe market impact, most Honda and Acura products continued to perform well in March.
  • However, combined with declining demand from cautious consumers, hundreds of Honda and Acura dealers were closed in the 2nd half of March in compliance with mandates imposed on businesses by state and local governments.
  • Honda and Acura dealers that were able to remain open did so, focusing their efforts on taking care of existing customers through vehicle service, maintenance, and repair, while preserving the health and safety of their employees.

 

  • Honda is initiating a comprehensive new effort to harness the spirit of community in responding to the challenge of the COVID-19 pandemic.
  • This includes a $1 million pledge to address the immediate needs of communities across the U.S., Canada and Mexico in providing the most vulnerable with access to food.
  • Other initiatives include the donation of Personal Protective Equipment and use of 3D printers in Honda operations to produce protective face shields for healthcare providers and other actions to help people combat the COVID-19 pandemic. For more information, click here.
  • As the COVID-19 pandemic can add financial stress to the lives of our customers, Honda and Acura have offered to help customers who have financed their vehicle through Honda Financial Services or Acura Financial Services with payment extensions and deferrals, as well as available late fee waivers.
  • Honda is also providing an industry-first special offer for first responders and medical professionals, out of respect for their contribution to our communities across the country

 

 

American Honda Vehicle Sales for March 2020

Month-to-Date

Year-to-Date

March
2020

March
2019

DSR** %
Change

MoM %
Change

March
2020

March
2019

DSR** %
Change

YoY %
Change

American Honda Total

77,153

148,509

-43.9%

-48.0%

298,785

369,787

-19.2%

-19.2%

Total Car Sales

37,175

70,420

-43.0%

-47.2%

131,845

169,083

-22.0%

-22.0%

Total Truck Sales

39,978

78,089

-44.7%

-48.8%

166,940

200,704

-16.8%

-16.8%

Honda

Total Car Sales

34,953

65,829

-42.7%

-46.9%

123,407

158,453

-22.1%

-22.1%

Honda

Total Truck Sales

35,163

68,272

-44.4%

-48.5%

146,846

174,949

-16.1%

-16.1%

Acura

Total Car Sales

2,222

4,591

-47.7%

-51.6%

8,438

10,630

-20.6%

-20.6%

Acura

Total Truck Sales

4,815

9,817

-47.0%

-51.0%

20,094

25,755

-22.0%

-22.0%

* Total Domestic Car Sales

32,996

57,408

-37.9%

-42.5%

115,833

136,122

-14.9%

-14.9%

Honda Division

30,805

52,952

-37.2%

-41.8%

107,574

125,873

-14.5%

-14.5%

Acura Division

2,191

4,456

-46.9%

-50.8%

8,259

10,249

-19.4%

-19.4%

* Total Domestic Truck Sales

39,908

74,131

-41.9%

-46.2%

166,438

191,392

-13.0%

-13.0%

Honda Division

35,093

64,314

-41.1%

-45.4%

146,344

165,637

-11.6%

-11.6%

Acura Division

4,815

9,817

-47.0%

-51.0%

20,094

25,755

-22.0%

-22.0%

  Total Import Car Sales

4,179

13,012

-65.3%

-67.9%

16,012

32,961

-51.4%

-51.4%

Honda Division

4,148

12,877

-65.2%

-67.8%

15,833

32,580

-51.4%

-51.4%

Acura Division

31

135

-75.2%

-77.0%

179

381

-53.0%

-53.0%

  Total Import Truck Sales

70

3,958

-98.1%

-98.2%

502

9,312

-94.6%

-94.6%

Honda Division

70

3,958

-98.1%

-98.2%

502

9,312

-94.6%

-94.6%

Acura Division

0

0

0.0%

0.0%

0

0

0.0%

0.0%

   MODEL BREAKOUT BY DIVISION

Honda Division Total

70,116

134,101

-43.5%

-47.7%

270,253

333,402

-18.9%

-18.9%

ACCORD

13,810

25,371

-41.2%

-45.6%

47,125

64,411

-26.8%

-26.8%

CIVIC

18,273

33,653

-41.4%

-45.7%

63,944

78,185

-18.2%

-18.2%

CLARITY

221

1,416

-83.1%

-84.4%

1,255

3,968

-68.4%

-68.4%

CR-Z

0

0

0.0%

0.0%

1

1

0.0%

0.0%

FIT

1,792

3,238

-40.2%

-44.7%

7,179

6,388

12.4%

12.4%

INSIGHT

857

2,151

-57.0%

-60.2%

3,903

5,500

-29.0%

-29.0%

CR-V

16,891

31,824

-42.7%

-46.9%

71,186

87,280

-18.4%

-18.4%

HR-V

3,843

8,582

-51.6%

-55.2%

19,414

21,649

-10.3%

-10.3%

ODYSSEY

4,274

8,811

-47.6%

-51.5%

16,390

21,297

-23.0%

-23.0%

PASSPORT

1,878

2,840

-28.6%

-33.9%

7,833

4,814

62.7%

62.7%

PILOT

6,445

13,411

-48.1%

-51.9%

23,898

32,957

-27.5%

-27.5%

RIDGELINE

1,832

2,804

-29.4%

-34.7%

8,125

6,952

16.9%

16.9%

Acura Division Total

7,037

14,408

-47.3%

-51.2%

28,532

36,385

-21.6%

-21.6%

ILX

723

1,289

-39.4%

-43.9%

2,741

3,141

-12.7%

-12.7%

NSX

16

26

-33.5%

-38.5%

34

79

-57.0%

-57.0%

RLX / RL

31

135

-75.2%

-77.0%

179

381

-53.0%

-53.0%

TLX

1,452

3,141

-50.1%

-53.8%

5,484

7,029

-22.0%

-22.0%

MDX

2,137

3,982

-42.0%

-46.3%

8,941

10,783

-17.1%

-17.1%

RDX

2,678

5,835

-50.4%

-54.1%

11,153

14,972

-25.5%

-25.5%

Selling Days

25

27

76

76

**** Electrified Vehicles

3,191

5,874

-41.3%

-45.7%

10,579

15,020

-29.6%

-29.6%

*    Honda and Acura vehicles are made of domestic & global sourced parts

**   Daily Selling Rate

**** Electrified Vehicles equal: Total sales of Hybrid (FHEV & PHEV), EVs (BEV) and Fuel Cell Vehicles (FCV) from the Honda and Acura brands.

PDF – https://mma.prnewswire.com/media/1140562/Honda_March_2020_Sales.pdf

Logo – https://mma.prnewswire.com/media/477245/HONDALOGO_Logo.jpg

SOURCE American Honda Motor Co., Inc.

Sendero Health Plans becomes first Austin area affordable care act health plan to waive cost-sharing for COVID-19 treatment

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Sendero Health Plans, the non-profit community health plan based in Austin, Texas, has waived all cost-sharing for the treatment of COVID-19 for its members.

AUSTIN, Texas, April 1, 2020 /PRNewswire-HISPANIC PR WIRE/ — Sendero Health Plans, the community-based non-profit health maintenance organization serving the Austin-area, announced today that the company’s Board of Directors voted to waive all costs to its members for treatment of COVID-19 with in-network providers.

Sendero Health Plans, the non-profit community health plan based in Austin, Texas, has waived all cost-sharing for the treatment of COVID-19 for its members.

The move makes Sendero the first area affordable care act health plan to waive cost-sharing for treatment and comes as the company also recently waived copayments for in-network doctor visits and lab costs to screen for the disease.

“As a community health plan, Sendero does everything we can to ensure our members get the quality care they need,” said Wesley Durkalski, president and CEO of Sendero Health Plans. “We have eliminated cost sharing for COVID-19 testing and treatment and are working with members with income changes to help them stay covered.  We are helping our members get connected with resources we have, not just for care but for all basic daily needs. We are very happy to offer this to members at a time when there is significant stress over not just household physical and mental health, but household financial health as well.”

In early March, Sendero redeployed staff to conduct outreach calls to over 10 percent of its membership, including all members most at risk of being impacted by this crisis.  This included more than 500 low income, high acuity, former uninsured in Central Health’s Medical Access Program (MAP) members now insured with Sendero. Calls emphasized personal safety, Sendero’s extensive telehealth services and ensuring member access to resources for basic needs. 

Sendero has taken other specific steps in addition to eliminating costs for detection and treatment to assist its members and work with its provider network in response to the COVID-19 crisis including:

  • Providing free prescription delivery through larger pharmacies.
  • Allowing early refills for maintenance medications.
  • Extending provider claims submission deadlines.
  • Working with providers to expand telemedicine and help ensure capacity for care.

“We want our members to focus on the health and well-being of themselves and their families and know that their community health plan is here to help,” said Durkalski. “We are dedicated to keeping our members and their families healthy.”

Health care coverage typically includes member cost sharing which are costs directly paid by member to help lower the monthly costs of premium.  This includes copays, deductibles, and cost sharing.   Copays are fixed amounts that members pay to providers in addition to amounts paid by the insurer.  Deductibles are certain dollar amounts for care that must be paid by the customer first before the insurer can assume payment.  Cost sharing is a split of provider costs between the insurance company and the customer and can represent 70 percent / 30 percent with the insurance company paying the larger portion of health care costs until an annual maximum is reached for the member. 

Sendero’s move eliminates the aforementioned costs for its members for the treatment of COVID-19 and will remain in place until further notice.

Formed in 2011, Sendero Health Plans, Inc. is a community-based nonprofit Health Maintenance Organization supported by the Travis County Health District, known as Central Health, dedicated to improving the health of the community by providing affordable, quality healthcare coverage, especially for Travis County residents with low income. Sendero offers its IdealCare and SelectCare plans on the Federal Health Insurance Marketplace.

CONTACT:

Bill Noble for Sendero Health

512-296-4651 cell 

bnoble@noblestrategic.com

 

Sendero Health Plans Logo

Photo – https://mma.prnewswire.com/media/1140394/Sendero_Health_Plans_COVID_19.jpg  
Logo – https://mma.prnewswire.com/media/377979/Sendero_Health_Plans_Logo.jpg  

SOURCE Sendero Health Plans

March of Dimes Announces Free Support Services For Expecting and New Moms During COVID-19 Pandemic

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March of Dimes Foundation Logo

ARLINGTON, Va., April 1, 2020 /PRNewswire-HISPANIC PR WIRE/ — Today, March of Dimes, the nation’s leader in the fight for the health of all moms and babies, is unveiling a number of services and resources at no cost for expecting and new mothers, to provide the advice and support they need as the country strives to combat the spread of COVID-19. As society adjusts to new public health guidelines, pregnant women and new mothers are confronting a unique challenge: how do they best prepare for child birth, infant care, and optimize their own health and well-being as well as their child’s.

March of Dimes Foundation Logo

“The onset of COVID-19 and the effect it is having on families around the world is truly devastating,” said Stacey D. Stewart, President and CEO of March of Dimes. “We are concerned about pregnant women and babies who may be at risk of becoming sick during this pandemic and are here to support them with critical resources and free services to meet their current and future needs.”

From health education to raising funds to support COVID-19 vaccine and treatment research to critical support to NICU parents, March of Dimes offers a variety of programs to support moms and babies during the pandemic. The organization is also actively working to build partnerships with third party providers that are helping moms and babies. Specifically, these programs include:

  1. Virtual Support for NICU Parents with NICU Family Support®: March of Dimes is offering a virtual NICU Family Support (NFS) program with its hospital partners, to provide education and support to NICU parents through a digital platform in hospitals across the country. This ensures families can still receive the support and education they need, while maintaining hospital protocols for infection control. Additionally, we are maintaining our free educational resources for staff within our NFS partner hospitals, which includes a session on caregiver self-care.
  2. COVID-19 Updates for Moms and Families with the My NICU Baby® App: March of Dimes’ My NICU Baby® app provides information about COVID-19 relevant to families with a child in the NICU. This includes videos on infection control and parent self-care, as well as how to support siblings and options to connect with other NICU families. The app is available at no cost to all NICU families across the nation through the Apple Store and Google Play. More information can be found at: mynicubaby.org
  3. Learn the Latest News about the Impact of COVID-19 on Moms and Babies with Facebook Live Events with Maternal and Child Health Experts: March of Dimes President and CEO, Stacey D. Stewart, is hosting informal conversations with public health experts and others to discuss issues concerning expectant moms and new parents on Facebook Live. These sessions will guide families with the tools they need to prepare for birth and caring for a newborn at home.
  4. Prepare for Pregnancy at Home with Supportive Pregnancy Virtual Groups: March of Dimes will offer Supportive Pregnancy Virtual Groups (SPVG) to provide expectant families social support in this time of need. The primary focus of the program is to engage participants in dialogue to foster peer-to-peer learning and support. These group sessions are intended to complement but not supplement medical care; however, participants will have access to Becoming a Mom Online resources, to help expecting mothers prepare for pregnancy. March of Dimes is also planning a pilot with a telehealth provider focused on on-demand support for moms and babies.
  5. Support Research for a COVID-19 Vaccine and Treatment with the Mom and Baby COVID-19 Intervention and Support Fund: March of Dimes recently launched the Mom and Baby COVID-19 Intervention and Support Fund that will provide funds to support research for necessary interventions to prevent or treat COVID-19, advocate on behalf of moms and babies on this issue and educate the public about precautionary measures.
  6. Provide Food to Hospital NICU Staff: March of Dimes delivers food and snacks to NICU staff to support them as they work on the frontlines on this pandemic.

“While social distancing and self-quarantining are essential to flatten the curve in this pandemic, these policies impact the health and wellbeing of moms and babies,” added Dr. Rahul Gupta, Senior Vice President and Chief Medical and Health Officer at March of Dimes. “That’s why March of Dimes is offering free virtual support services, including group support for expecting moms, critical information for NICU parents, and informative live conversations with maternal and child health experts. In this time of need, March of Dimes is here to support the health of all moms and babies.”

These free programs are available to the public and can be accessed through the March of Dimes website or our social media channels. March of Dimes also continues to provide information and guidance for pregnant women and new moms on its blog newsmomsneed.org.

About March of Dimes

March of Dimes leads the fight for the health of all moms and babies. We support research, lead programs and provide education and advocacy so that every baby can have the best possible start. Building on a successful 80-year legacy of impact and innovation, we empower every mom and every family. Visit marchofdimes.org or nacersano.org for more information. Visit shareyourstory.org for comfort and support. Find us on Facebook and follow us on Instagram and Twitter.

Logo – https://mma.prnewswire.com/media/513643/March_of_Dimes_Foundation_Logo.jpg

 

 

SOURCE March of Dimes

FIBRA Prologis to Host First Quarter 2020 Earnings Conference Call April 23

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FIBRA__Logo

MEXICO CITY, April 1, 2020 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class-A logistics real estate in Mexico, will host a webcast and conference call with senior management to discuss first quarter results, current market conditions and future outlook on Thursday, April 23, at 9:00 a.m. CT/10:00 a.m. ET.

To access a live broadcast of the call, dial +1 877 256-7020 (toll-free from the United States and Canada), 01 800 926-9157 (toll-free from Mexico) or +1 973 409-9692 from all other countries and enter conference code 7253787. A live webcast can be accessed at www.fibraprologis.com in the Investor Relations section April 23.

A telephonic replay will be available April 23 – April 30 at +1 855 859-2056 from the U.S. and Canada or at +1 404 537-3406 from all other countries using conference code 7253787. The replay will be posted in the Investor Relations section of the FIBRA Prologis website.

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of December 31, 2019, FIBRA Prologis was comprised of 191 logistics and manufacturing facilities in six industrial markets in Mexico totaling 34.9 million square feet (3.2 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

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

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

Logo – https://mma.prnewswire.com/media/528012/FIBRA__Logo.jpg

SOURCE FIBRA Prologis

Mazda Reports March Sales Results

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mazda_north_american_operations_logo

IRVINE, California, April 1, 2020 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) today reported total March sales of 15,664 vehicles, a decrease of 41.8 percent compared to March 2019. Year-to-date sales totaled 67,670 vehicles, a decrease of 4.5 percent. With 25 selling days in March, compared to 27 the year prior, the company posted a decrease of 37.2 percent on a Daily Selling Rate (DSR) basis.

CPO sales totaled 3,392 vehicles in March, a decrease of 38.9 percent compared to March 2019. Year-to-date CPO sales decreased 2.5 percent, with 13,510 vehicles sold.

Mazda Motor de Mexico (MMdM) reported March sales of 3,432 vehicles, a decrease of 43.1 percent compared to March last year. Year-to-date sales decreased 20.2 percent, with 12,922 vehicles sold.

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.

Month-To-Date

Year-To-Date

March

March

YOY %

% MTD

March

March

YOY %

% MTD

2020

2019

Change

DSR

2020

2019

Change

DSR

Mazda3

1,863

6,009

(69.0)%

(66.5)%

8,118

15,215

(46.6)%

(46.6)%

Mazda6

1,021

3,396

(69.9)%

(67.5)%

4,506

6,921

(34.9)%

(34.9)%

MX-5 Miata

497

727

(31.6)%

(26.2)%

1,700

1,530

11.1%

11.1%

CX-3

459

1,201

(61.8)%

(58.7)%

2,552

3,253

(21.5)%

(21.5)%

CX-30

2,242

0

8,364

0

CX-5

7,841

13,465

(41.8)%

(37.1)%

35,211

37,496

(6.1)%

(6.1)%

CX-9

1,741

2,136

(18.5)%

(12.0)%

7,219

6,418

12.5%

12.5%

CARS

3,381

10,132

(66.6)%

(64.0)%

14,324

23,666

(39.5)%

(39.5)%

TRUCKS

12,283

16,802

(26.9)%

(21.0)%

53,346

47,167

13.1%

13.1%

TOTAL

15,664

26,934

(41.8)%

(37.2)%

67,670

70,833

(4.5)%

(4.5)%

*Selling Days

25

27

76

76

 

Logo – https://mma.prnewswire.com/media/53154/mazda_north_american_operations_logo.jpg

SOURCE Mazda North American Operations

Kia Motors America Announces March Sales

0
Kia Motors America Announces March Sales

IRVINE, Calif., April 1, 2020 /PRNewswire-HISPANIC PR WIRE/ — Kia Motors America today announced March sales of 45,413 vehicles, led by the Optima and Forte. The first three months of 2020 saw the Sportage SUV – Kia’s longest-running nameplate in the U.S. – realize best-ever first quarter sales of 20,057 units.

Kia Motors America Announces March Sales

“Our thoughts and prayers are with those directly and indirectly affected by this terrible virus and we hope that significant containment is achieved over the coming weeks,” said Bill Peffer, vice president, sales operations, Kia Motors America.  “To show both our customers and our dealer partners that we’re in this together, we implemented Kia’s Accelerate the Good program, which will help new and existing customers impacted by the uncertainty created by the COVID-19 outbreak with payment deferral programs that will continue until further notice.  Our primary concerns are for the health of our employees, those that work throughout our nationwide network of Kia dealers and our customers, as well as the future of our business.” 

About Kia Motors America

Headquartered in Irvine, California, Kia Motors America has been the highest ranked mass market brand in initial quality for five consecutive years according to J.D. Power1, and is recognized as one of the 100 Best Global Brands by Interbrand.  Kia serves as the “Official Automotive Partner” of the NBA and offers a complete range of vehicles sold through a network of nearly 800 dealers in the U.S., including cars and SUVs proudly assembled in West Point, Georgia.*

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.

*The Telluride, Sorento and Optima (excluding Hybrid and Plug-In Hybrid) are assembled in the United States from U.S. and globally sourced parts.

MONTH OF MARCH

YEAR-TO-DATE

Model

2020

2019

2020

2019

Rio

2,135

2,414

6,845

5,844

Forte

7,598

8,466

22,359

21,374

Optima

8,408

9,603

20,345

22,668

Cadenza

96

147

485

411

Stinger

754

1,254

2,560

3,227

K900

16

40

65

102

Soul

5,367

9,860

16,713

25,553

Niro

1,454

1,609

4,975

5,346

Seltos

2,160

N/A

5,052

N/A

Sportage

5,382

6,467

20,057

19,198

Sorento

5,710

9,507

18,055

23,619

Telluride

5,153

5,080

16,826

5,395

Sedona

1,180

1,367

3,608

3,859

Total

45,413

55,814

137,945

136,596

1 Kia received the lowest rate of reported problems among mass market brands in the J.D. Power 2015-19 U.S. Initial Quality Studies of new vehicle owners’ experiences with their own vehicle after 90 days of ownership. Visit jdpower.com/awards for more details.

Kia Motors America logo (PRNewsfoto/Kia Motors America)

Photo – https://mma.prnewswire.com/media/1140426/Kia_Motors_America_Announces_March_Sales.jpg
Logo – https://mma.prnewswire.com/media/714298/Kia_Logo.jpg  

SOURCE Kia Motors America

Texas State Optical Announces COVID-19 Operational Preparedness

0
Caring for the Eyes of Texas

HOUSTON, April 1, 2020 /PRNewswire-HISPANIC PR WIRE/ — TSO, Inc., a member-owned cooperative consisting of over 120 locations throughout Texas and Louisiana, announced that as of March 30, 2020, approximately 60 percent of their locations were open and staffed. Most locations are not performing routine eye exams, but are available to treat eye emergencies and provide people with their prescription eyewear. Many are offering curb-side pick-up of contact lenses and eyeglasses.

Caring for the Eyes of Texas

The TSO Network corporate office began communicating with members on March 16, 2020, before most of Texas counties containing major metro areas had issued shelter-in-place orders.

“It was important that the TSO Network corporate office did all we could to prepare our members and their patients for how we would handle an expanding crisis,” said John D. Marvin, President. “We provided our members with social media tools, email templates, and CDC guidelines to help them communicate with their patients and assure them that it was safe to keep their appointments.”

As the virus spread throughout the United States and metropolitan areas began issuing shelter-in-place orders, the TSO corporate office’s priority changed.

“We started helping members access government programs and information that would assist them in meeting payroll and lease payment challenges. A live webinar was held with almost 100 percent attendance of our membership to address these two major financial issues,” said Dr. Reid Robertson, Chairman of the Board.

The webinar included presentations by TSO Chairman of the Board, Dr. Reid Robertson of Allen, TX; Dr. Mark Wright, Professional Editor of Review of Optometric Business and TSO, Inc. board member; attorney at law, Veronica Rossitto; and John D. Marvin, President.

This webinar was followed-up with a series of legal guidance papers on issues such as landlord relations, lease obligations, changes in unemployment compensation, The Families First Coronavirus Response Act (FFCRA), and the CARES Act. These memoranda gave TSO members the information they need to understand their obligations to employees and how they can access the benefits of the federal government programs included for financial assistance for small business.

All of the legal guidance memoranda, relevant links for financial guidance, sample templates for patient and vendor correspondence, and recorded advisories live in an exclusive COVID-19 Resource Center inside TSO’s internal intranet website. This resource center is updated daily with current information. The intranet also includes a newly implemented feature where TSO members can submit questions that pertain to legal and accounting issues. TSO, Inc. provides legal and financial answers and advice using partnering law and CPA firms.

“Our priority is to make sure each one of our members and their team member associates can successfully navigate this crisis challenge. We are focused like a laser beam. We have tremendous opticians, receptionists, ophthalmic techs, and lab personnel that are facing serious financial issues due to no fault of their own or the member for whom they work. We must make sure that Texas State Optical locations, their owners, and their staff have everything they need to financially survive what is likely going to be an extended time of low or no revenues,” said Marvin.

About TSO
Texas State Optical, founded in 1936, operates today as a member-owned cooperative consisting of more than 120 locations across Texas, Louisiana, and Oklahoma. While independent, the Doctors of TSO collectively uphold the TSO brand and commitment to caring for the eyes of Texas.

At TSO.com, you can easily find a doctor, request an appointment with your local office, or consider a career in the optometry industry. Visit tso.com for more information.

Logo – https://mma.prnewswire.com/media/398102/TSO___Logo.jpg

 

SOURCE Texas State Optical

The Home Depot Announces Business Updates in Response to COVID-19

0
The Home Depot logo. (PRNewsFoto/The Home Depot) (PRNewsFoto/)

ATLANTA, April 1, 2020 /PRNewswire-HISPANIC PR WIRE/ — The Home Depot®, the world’s largest home improvement retailer, today provided an update on several temporary changes to its business in response to COVID-19.

The Home Depot logo. (PRNewsFoto/The Home Depot) (PRNewsFoto/)

“As our communities battle COVID-19, The Home Depot is committed to providing the essential needs required to maintain homes and businesses while doing our best to protect our valued customers and associates. This has resulted in several temporary changes to our business as we look out for your safety and the safety of our associates,” said Craig Menear, chairman, CEO and president of The Home Depot. “We want to thank our associates and our customers for their patience and cooperation as we work through this challenge together.”

Safety Measures

The company has instituted several measures for the safety of its customers and associates, including:

  • Closing stores early at 6:00 p.m. to allow more time for sanitization and restocking
  • Limiting the number of customers allowed into stores at one time
  • Promoting social and physical distancing practices in stores by marking floors and adding signage to help customers and associates maintain safe distances
  • Eliminating major spring promotions to avoid driving high levels of traffic to stores
  • Limiting services and installations to those that are essential for maintenance and repair needs in impacted markets
  • Distributing thermometers to associates in stores and distribution centers and asking them to perform health checks before reporting to work

Expanded Benefits for Associates

The Home Depot has introduced several benefits enhancements to take care of its associates. To-date, the company has:

  • Added 80 hours of paid time off for all full-time hourly associates and 40 hours of paid time off for part-time hourly associates to be used at their discretion at any time in 2020 and paid out at year-end if not used
  • For associates who are 65 years of age or older, or determined to be at higher risk by the CDC, added 160 hours of paid time off for full-time hourly associates and 80 hours of paid time off for part-time hourly associates to be used at their discretion at any time in 2020 and paid out at year-end if not used
  • Providing paid time off for any associate who has contracted COVID-19 until released by a doctor
  • Providing up to 14 days paid time off for any associate required to be quarantined by a public health authority or the CDC
  • Providing additional bonuses to hourly associates in stores and distribution centers — $100 per week for full-time hourly associates and $50 per week for part-time hourly associates
  • Providing double pay for overtime hours worked by hourly associates
  • Extended dependent care benefits and waived co-pays
  • Asked all associates in store support functions who can work from home to do so while continuing to support our frontline associates

Supporting Communities

  • Weeks ago, voluntarily froze pricing nationwide across product categories in high demand due to COVID-19
  • Executed a “Stop-Sale” on all N95 masks in stores and HomeDepot.com and redirected all shipments to be donated to hospitals, healthcare providers and first responders around the country
  • Donating millions of dollars in personal protective equipment (PPE) and other products to hospitals, healthcare providers and first responders
  • Prioritizing order fulfillment for hospitals, healthcare providers and first responders
  • Marshalling the resources of our merchandising and supply chain teams to globally source quality products and expedite the availability of needed items

About The Home Depot
The Home Depot is the world’s largest home improvement specialty retailer, with 2,292 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2019, The Home Depot had sales of $110.2 billion and earnings of $11.2 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Logo – https://mma.prnewswire.com/media/118058/the_home_depot_logo.jpg

SOURCE The Home Depot

Spanish Broadcasting System, Inc. Reports Results for the Fourth Quarter 2019

0

MIAMI, March 30, 2020 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (the “Company” or “SBS”) (OTCQB: SBSAA) today reported financial results for the quarter- and year- ended December 31, 2019.

Financial Highlights

Financial Highlights Excluding Political*

(in thousands)

Quarter Ended

December 31,

%

Year Ended

December 31,

%

2019

2018

Change

2019

2018

Change

Net revenue:

Radio

$

40,821

$

35,614

15

%

$

140,385

$

126,399

11

%

Television

5,297

4,031

31

%

16,280

15,970

2

%

Consolidated

$

46,118

$

39,645

16

%

$

156,665

$

142,369

10

%

Adjusted OIBDA*:

Radio

$

21,178

$

18,172

17

%

$

59,751

$

55,713

7

%

Television

2,132

1,568

36

%

3,241

4,868

(33)

%

Corporate

(3,210)

(2,360)

(36)

%

(11,711)

(10,496)

(12)

%

Consolidated

$

20,100

$

17,380

16

%

$

51,281

$

50,085

2

%

Adjusted OIBDA Margins*:

Radio

52%

51%

43%

44%

Television

40%

39%

20%

30%

Consolidated

44%

44%

33%

35%

(in thousands)

Quarter Ended

December 31,

%

Year Ended

December 31,

%

2019

2018

Change

2019

2018

Change

Net revenue excluding political*:

Radio

$

40,741

$

33,667

21

%

$

139,994

$

123,140

14

%

Television

5,057

3,249

56

%

16,004

14,394

11

%

Consolidated

$

45,798

$

36,916

24

%

$

155,998

$

137,534

13

%

Adjusted OIBDA excluding political*:

Radio

$

21,104

$

16,381

29

%

$

59,391

$

52,715

13

%

Television

1,911

849

125

%

2,987

3,418

(13)

%

Corporate

(3,210)

(2,360)

(36)

%

(11,711)

(10,496)

(12)

%

Consolidated

$

19,805

$

14,870

33

%

$

50,667

$

45,637

11

%

* Please refer to the Non-GAAP Financial Measures section for a definition of Adjusted OIBDA and a reconciliation from net revenue excluding political, Adjusted OIBDA and Adjusted OIBDA excluding political to the most directly comparable GAAP financial measure.

 

Discussion and Results

“As our release demonstrates, we delivered outstanding Q4 results which, in turn, contributed to our best annual financial showing in over 15 years,” commented Raúl Alarcón, Chairman and CEO. “All business units including radio, television, experiential and interactive exhibited sustained increases with our core radio operation ranked among the leaders in the industry in ratings, revenue, SOI and margin growth.”

“In addition, fiscal 2020 started off exceptionally well and, as a result, we’re confident of a strong rebound later in the year as our industry, our nation and the world eventually recover from the effects of the COVID-19 pandemic. For now, we are adapting operationally, financially and strategically at all levels and in all markets during this interim period so as to protect our personnel while continuing to inform, entertain and serve audiences and advertisers in anticipation of a surging demand for ad inventory and rescheduled live events as the year progresses.”

“In the meantime, we’re adopting an old motto that has served American businesses extremely well since the beginning of the 19th century:  ‘We’re Open for Business.’ “

Quarter Ended Results

For the quarter-ended December 31, 2019, consolidated net revenue totaled $46.1 million compared to $39.6 million for the same prior year period, resulting in an increase of 16%.  Our radio segment net revenue increased 15% due to increases in local, special events, network, and digital which were partially offset by a decrease in national sales.  Our television segment net revenue increased 31%, due to the increase in local sales which were partially offset by decreases in national sales. Consolidated net revenue excluding political, a non-GAAP measure, totaled $45.8 million compared to $36.9 million for the same prior year period, resulting in an increase of 24%.

Consolidated Adjusted OIBDA, a non-GAAP measure, totaled $20.1 million compared to $17.4 million for the same prior year period, representing an increase of $2.7 million or 16%. Our radio segment Adjusted OIBDA increased 17%, primarily due to the increase in net revenue of approximately $5.2 million partially offset by an increase in operating expenses of $2.2 million.  Radio station operating expenses increased mainly due to increases in special events expenses, professional fees, compensation, and music license fees expenses, which were partially offset by a decrease advertising expenses.  Our television segment Adjusted OIBDA increased approximately $0.6 million, due to increase in net revenue of approximately $1.3 million partially offset an increase in operating expenses of approximately $0.7 million. Television station operating expenses increased primarily due to increases in production costs, barter expense and taxes and license fees.  Our corporate expenses, excluding non-cash stock-based compensation, increased $0.9 million or 36%, mostly due to increases in compensation, insurance and professional fees. Consolidated Adjusted OIBDA excluding political, a non-GAAP measure, totaled $19.8 million compared to $14.9 million for the same prior year period, representing an increase of 33%.

Operating income totaled $17.3 million compared to $14.3 million for the same prior year period, representing an increase of approximately $3.0 million or 21%.  This increase in operating income was primarily due to the increase in net revenue partially offset by the increase in operating expenses.

Year Ended Results

For the year-ended December 31, 2019, consolidated net revenue totaled $156.7 million compared to $142.4 million for the same prior year period, resulting in an increase of 10%.  Our radio segment net revenue increased $14.0 million or 11% due to increases in local, network, and digital sales which were offset by a decrease in national sales. Our special events revenue increased primarily in our Los Angeles, New York and San Francisco markets.  Our television segment net revenue increased $0.3 million or 2%, due to increases in local sales offset by a decrease in special event and subscriber based revenue. Consolidated net revenue excluding political, a non-GAAP measure, totaled $156.0 million compared to $137.5 million for the same prior year period, resulting in an increase of 13%.

Consolidated Adjusted OIBDA, a non-GAAP measure, totaled $51.3 million compared to $50.1 million for the same prior year period, resulting in an increase of $1.2 million or 2%.  Our radio segment Adjusted OIBDA increased 7%, primarily due to the increase in net revenue of $14.0 million which was partially offset by the increase in operating expense of approximately $9.9 million.  Radio station operating expenses increased mainly due to the absence of a prior year positive impact of legal settlements in addition to increases in special events, compensation and benefits, barter, commissions and music license fees, which were partially offset by decreases in professional fees, affiliate station compensation and an increase in production tax credits.  Our television segment Adjusted OIBDA decreased $1.6 million or 33%, due to the increase in operating expenses of $1.9 million and partially offset by an increase in net revenue of $0.3 million.  Television station operating expenses increased primarily due to increases in production costs, barter, and commission expenses which were partially offset by a decrease in special events expenses and an increase in production tax credits.  Our corporate expenses, excluding non-cash stock-based compensation, increased approximately 12% primarily due to increases in compensation and insurance expenses partially offset by a decrease in professional fees. Consolidated Adjusted OIBDA excluding political, a non-GAAP measure, totaled $50.7 million compared to $45.6 million for the same prior year period, representing an increase of 11%.

Operating income totaled $38.6 million compared to $51.6 million for the same prior year period, representing a decrease of $13.0 million or 25%.  This decrease in operating income was primarily due to the prior year recognition of gain on sale of assets and the current year increases in operating expenses, executive severance expenses and recapitalization costs partially offset by an increase in net revenue and not recognizing an impairment charge in the current period.

Our Continued Recapitalization and Restructuring Efforts

We have not repaid our outstanding Notes since they became due on April 17, 2017, and we continue to evaluate all options available to refinance the Notes.  While we assess how to best achieve a successful refinancing of the Notes, we have continued to pay interest on the Notes, payments that a group of investors purporting to own our Series B preferred stock have challenged through the institution of litigation in the Delaware Court of Chancery as described below.  The complaint filed by these investors revealed a purported foreign ownership of our Series B preferred stock, which we are actively addressing, including before the Federal Communications Commission (the “FCC”) in order to protect our broadcast licenses.  Our refinancing efforts have been made more difficult and complex by the Series B preferred stock litigation and foreign ownership issue. On December 16, 2019, we announced in a press release that we had received a letter from a bank stating that it was highly confident of its ability to arrange secured debt financing for up to $300 million that, in combination with a possible additional first lien asset-based financing, would be used to repay our outstanding Notes and to make cash purchases of our Series B preferred stock. We cannot assure you that the bank will be successful in raising that financing, that we will be able to raise the additional contemplated first lien asset-based financing or that we will be able to reach agreement that will be acceptable to us. We provide more information about each of these items in our Annual Report on Form 10-K for the year ended December 31, 2019.

We have worked and continue to work with our advisors regarding a consensual recapitalization or restructuring of our balance sheet, including through the issuance of new debt or equity to raise the necessary funds to repay the Notes.  The Series B preferred stock litigation and the foreign ownership issue have complicated our efforts at a successful refinancing of the Notes.  The resolution of the recapitalization or restructuring of our balance sheet, the litigation with the purported holders of our Series B preferred stock and the foreign ownership issue are subject to several factors currently beyond our control.  Our efforts to effect a consensual refinancing of the Notes, the Series B preferred stock litigation and the foreign ownership issue will likely continue to have a material adverse effect on us if they are not successfully resolved.  On December 16, 2019, we announced in a press release that we had received a letter from a bank stating that it was highly confident of its ability to arrange secured debt financing for up to $300 million that, in combination with a possible additional first lien asset-based financing, would be used to repay our outstanding Notes and to make cash purchases of our Series B preferred stock. We cannot assure you that the bank will be successful in raising that financing, that we will be able to raise the additional contemplated first lien asset-based financing or that we will be able to reach agreement that will be acceptable to us. We face various risks regarding these matters which are summarized in our Annual Report on Form 10-K for the year ended December 31, 2019.

Fourth Quarter 2019 Conference Call

We will host a conference call to discuss our fourth quarter 2019 financial results on Wednesday, April 1, 2020 at 11:00 a.m. Eastern Time.  To access the teleconference, please call 412-317-5441 ten minutes prior to the start time.

If you cannot listen to the teleconference at its scheduled time, there will be a replay available through Tuesday, April 14, 2020 which can be accessed by dialing 877-344-7529 (U.S) or 412-317-0088 (Int’l), passcode: 10141305

There will also be a live webcast of the teleconference, located on the investor portion of our corporate Web site, at http://www.spanishbroadcasting.com/webcasts-presentations. A seven day archived replay of the webcast will also be available at that link. 

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. SBS also operates AIRE Radio Networks, a national radio platform of over 275 affiliated stations reaching 95% 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, a 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.

Forward Looking Statements

This press release, and oral statements made in connection with it, contains certain forward-looking statements.  These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release.  Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that actual results will not differ materially from these expectations.  “Forward-looking” statements, as such term is defined by the Securities Exchange Commission in its rules, regulations and releases, represent our expectations or beliefs, including, but not limited to, statements concerning our operations, economic performance, financial condition, our recapitalization plan and restructuring efforts, the impact of widespread health developments, such as the novel coronavirus, and the governmental, commercial, consumer and other responses thereto, growth and acquisition strategies, investments and future operational plans.  Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “forecast,” “seek,” “plan,” “predict,” “project,” “could,” “estimate,” “might,” “continue,” “seeking” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements.  These statements, by their nature, involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors, including, but not limited to, those identified in our reports filed with the Securities and Exchange Commission including our Annual Report on Form 10-K for the year ended December 31, 2019.  All forward-looking statements made herein are qualified by these cautionary statements and risk factors and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

 

(Financial Tables Follow)

 

Contacts:

Analysts and Investors

Analysts, Investors or Media

José I. Molina

Brad Edwards

Chief Financial Officer

The Plunkett Group

(305) 441-6901

(212) 739-6740

 

Below are the Unaudited Condensed Consolidated Statements of Operations for the quarter- and year-ended December 31, 2019 and 2018.

 

Quarter Ended

December 31,

Year Ended

December 31,

Amounts in thousands, except per share amounts

2019

2018

2019

2018

Net revenue

$

46,118

$

39,645

$

156,665

$

142,369

Station operating expenses

22,808

19,905

93,673

81,788

Corporate expenses

3,211

2,365

11,721

10,540

Depreciation and amortization

931

895

3,602

3,801

Loss (gain) on the disposal of assets, net

273

171

365

(12,550)

Recapitalization costs

1,556

1,986

6,845

6,713

Executive severance expenses

1,844

Impairment charges

483

Other operating income

(16)

Operating income

17,339

14,323

38,631

51,594

Interest expense

(7,811)

(7,849)

(31,245)

(31,862)

Dividends on Series B preferred stock classified as interest

   expense

(2,433)

(2,433)

(9,734)

(9,734)

Interest income

5

22

20

22

Income (loss) before income tax expense (benefit)

7,100

4,063

(2,328)

10,020

Income tax expense (benefit)

1,982

(9,130)

(1,400)

(6,471)

Net income (loss)

$

5,118

$

13,193

$

(928)

$

16,491

Net income (loss) per common share:

Basic and diluted net income (loss) per common share:

Class A common stock

$

0.70

$

1.80

$

(0.13)

$

2.25

Class B common stock

$

0.70

$

1.80

$

(0.13)

$

2.25

Basic weighted average common shares outstanding:

Class A common stock

4,242

4,242

4,242

4,224

Class B common stock

2,340

2,340

2,340

2,340

Diluted weighted average common shares outstanding:

Class A common stock

4,242

4,242

4,242

4,224

Class B common stock

2,340

2,340

2,340

2,340

 

Non-GAAP Financial Measures

Net revenue excluding political and Adjusted OIBDA excluding political are not measures of revenue, performance or liquidity determined in accordance with Generally Accepted Accounting Principles (“GAAP”) in the United States. Political sales and their effect are subject to political cycles and timing of campaigns; both have been excluded to allow for comparability between the periods.

Adjusted Operating Income (Loss) before Depreciation and Amortization, Gain (loss) on the Disposal of Assets, Recapitalization Costs, Executive Severance Expenses, Impairment Charges and Other Operating Income excluding non-cash stock-based compensation (“Adjusted OIBDA”) is not a measure of performance or liquidity determined in accordance with Generally Accepted Accounting Principles (“GAAP”) in the United States.  However, we believe that this measure is useful in evaluating our performance because it reflects a measure of performance for our stations before considering costs and expenses related to our capital structure and dispositions.  This measure is widely used in the broadcast industry to evaluate a company’s operating performance and is used by us for internal budgeting purposes and to evaluate the performance of our stations, segments, management and consolidated operations.  However, this measure should not be considered in isolation or as a substitute for Operating Income, Net Income, Cash Flows from Operating Activities or any other measure used in determining our operating performance or liquidity that is calculated in accordance with GAAP.  Adjusted OIBDA does not present station operating income as defined by our Indenture governing the Notes.  In addition, because Adjusted OIBDA is not calculated in accordance with GAAP, it is not necessarily comparable to similarly titled measures used by other companies. 

Included below are unaudited tables, in thousands, that reconcile Adjusted net revenue excluding political to net revenues for each segment and consolidated net revenue, and both Adjusted OIBDA excluding political and Adjusted OIBDA to operating income (loss) for each segment and consolidated operating income (loss), which are the most directly comparable GAAP financial measures.  

For the Quarter Ended December 31, 2019

Consolidated

Radio

Television

Net revenue excluding political

$

45,798

40,741

5,057

Addback: Political net revenue

320

80

240

Net revenue

$

46,118

40,821

5,297

For the Quarter Ended December 31, 2018

Consolidated

Radio

Television

Net revenue excluding political

$

36,916

33,667

3,249

Addback: Political net revenue

2,729

1,947

782

Net revenue

$

39,645

35,614

4,031

For the Year Ended December 31, 2019

Consolidated

Radio

Television

Net revenue excluding political

$

155,998

139,994

16,004

Addback: Political net revenue

667

391

276

Net revenue

$

156,665

140,385

16,280

For the Year Ended December 31, 2018

Consolidated

Radio

Television

Net revenue excluding political

$

137,534

123,140

14,394

Addback: Political net revenue

4,835

3,259

1,576

Net revenue

$

142,369

126,399

15,970

 

 

For the Quarter Ended December 31, 2019

Consolidated

Radio

Television

Corporate

Adjusted OIBDA excluding political

$

19,805

21,104

1,911

(3,210)

Addback: Political sales effect

295

74

221

Adjusted OIBDA

$

20,100

21,178

2,132

(3,210)

Less expenses excluded from Adjusted OIBDA but included
in operating income (loss):

Stock-based compensation

1

1

Depreciation and amortization

931

449

427

55

Loss (gain) on the disposal of assets, net

273

(16)

289

Recapitalization costs

1,556

1,556

Other operating income

Operating Income (Loss)

$

17,339

20,745

1,416

(4,822)

For the Quarter Ended December 31, 2018

Consolidated

Radio

Television

Corporate

Adjusted OIBDA excluding political

$

14,870

16,381

849

(2,360)

Addback: Political sales effect

2,510

1,791

719

Adjusted OIBDA

$

17,380

18,172

1,568

(2,360)

Less expenses excluded from Adjusted OIBDA but included
in operating income (loss):

Stock-based compensation

5

5

Depreciation and amortization

895

403

434

58

Loss (gain) on the disposal of assets, net

171

168

3

Recapitalization costs

1,986

1,986

Other operating income

Operating Income (Loss)

$

14,323

17,601

1,131

(4,409)

For the Year Ended December 31, 2019

Consolidated

Radio

Television

Corporate

Adjusted OIBDA excluding political

$

50,667

59,391

2,987

(11,711)

Addback: Political sales effect

614

360

254

Adjusted OIBDA

$

51,281

59,751

3,241

(11,711)

Less expenses excluded from Adjusted OIBDA but included
in operating income (loss):

Stock-based compensation

10

10

Depreciation and amortization

3,602

1,623

1,768

211

Loss (gain) on the disposal of assets, net

365

(62)

427

Recapitalization costs

6,845

6,845

Executive severance expenses

1,844

1,844

Other operating income

(16)

(16)

Operating Income (Loss)

$

38,631

58,206

1,046

(20,621)

For the Year Ended December 31, 2018

Consolidated

Radio

Television

Corporate

Adjusted OIBDA excluding political

$

45,637

52,715

3,418

(10,496)

Addback: Political sales effect

4,448

2,998

1,450

Adjusted OIBDA

$

50,085

55,713

4,868

(10,496)

Less expenses excluded from Adjusted OIBDA but included
in operating income (loss):

Stock-based compensation

44

44

Depreciation and amortization

3,801

1,659

1,907

235

Loss (gain) on the disposal of assets, net

(12,550)

(3)

(6)

(12,541)

Recapitalization costs

6,713

6,713

Impairment charges

483

483

Other operating income

Operating Income (Loss)

$

51,594

54,057

2,484

(4,947)

 

Non-GAAP Reporting Requirement under our Senior Secured Notes Indenture

Under the Indenture, we are to provide our Noteholders a statement of our “Station Operating Income for the Television Segment,” as defined by the Indenture, for the twelve-month period ended December 31, 2019 and 2018, and a reconciliation of “Station Operating Income for the Television Segment” to the most directly comparable financial measure calculated in accordance with GAAP.  In addition, we are to provide our “Secured Leverage Ratio,” as defined by the Indenture, as of December 31, 2019.

Included below is the table that reconciles “Station Operating Income for the Television Segment” to the most directly comparable GAAP financial measure. Also included is our “Secured Leverage Ratio” as of December 31, 2019.

 

Twelve Months
Ended

Quarters Ended

December 31,

Dec. 31,

Sept. 30,

June 30,

March 31,

(Unaudited and in thousands)

2019

2019

2019

2019

2019

Station Operating Income for the Television

   Segment, as defined by the Indenture

$

3,898

2,301

782

533

282

Less expenses excluded from Station Operating Income

   for the Television Segment, as defined by the Indenture,

   but included in operating income (loss):

Depreciation and amortization

1,768

427

447

450

444

Loss on the disposal of assets, net

427

289

138

Impairment charges

Non-cash barter expense

657

169

162

182

144

GAAP Operating Income (Loss) for the Television
Segment

$

1,046

1,416

35

(99)

(306)

Twelve Months
Ended

Quarters Ended

December 31,

Dec. 31,

Sept. 30,

June 30,

March 31,

2018

2018

2018

2018

2018

Station Operating Income for the Television

   Segment, as defined by the Indenture

$

4,925

1,647

1,471

1,064

743

Less expenses excluded from Station Operating Income

   for the Television Segment, as defined by the Indenture,

   but included in operating income (loss):

Depreciation and amortization

1,907

434

432

504

537

Loss (gain) on the disposal of assets, net

(6)

3

29

(38)

Impairment charges

483

483

Non-cash barter expense (income)

57

79

6

(21)

(7)

GAAP Operating Income (Loss) for the Television
Segment

$

2,484

1,131

1,004

136

213

As of December 31, 2019

Secured Leverage Ratio, as defined by the Indenture

5.4

 

Unaudited Segment Data

We have two reportable segments: radio and television.  The following summary table presents separate financial data for each of our operating segments:

Quarter Ended

December 31,

Year Ended

December 31,

Amounts in thousands

2019

2018

2019

2018

Net revenue:

Radio

$

40,821

$

35,614

$

140,385

$

126,399

Television

5,297

4,031

16,280

15,970

Consolidated

$

46,118

$

39,645

$

156,665

$

142,369

Engineering and programming expenses:

Radio

$

5,913

$

5,085

$

22,283

$

21,101

Television

1,611

1,306

6,598

4,715

Consolidated

$

7,524

$

6,391

$

28,881

$

25,816

Selling, general and administrative expenses:

Radio

$

13,730

$

12,357

$

58,351

$

49,585

Television

1,554

1,157

6,441

6,387

Consolidated

$

15,284

$

13,514

$

64,792

$

55,972

Corporate expenses:

$

3,211

$

2,365

$

11,721

$

10,540

Depreciation and amortization:

Radio

$

449

$

403

$

1,623

$

1,659

Television

427

434

1,768

1,907

Corporate

55

58

211

235

Consolidated

$

931

$

895

$

3,602

$

3,801

Loss (gain) on the disposal of assets, net:

Radio

$

(16)

$

168

$

(62)

$

(3)

Television

289

3

427

(6)

Corporate

(12,541)

Consolidated

$

273

$

171

$

365

$

(12,550)

Recapitalization costs:

Radio

$

$

$

$

Television

Corporate

1,556

1,986

6,845

6,713

Consolidated

$

1,556

$

1,986

$

6,845

$

6,713

Executive severance expenses:

Radio

$

$

$

$

Television

Corporate

1,844

Consolidated

$

$

$

1,844

$

Impairment charges:

Radio

$

$

$

$

Television

483

Corporate

Consolidated

$

$

$

$

483

Other operating income:

Radio

$

$

$

(16)

$

Television

Corporate

Consolidated

$

$

$

(16)

$

Operating income (loss):

Radio

$

20,745

$

17,601

$

58,206

$

54,057

Television

1,416

1,131

1,046

2,484

Corporate

(4,822)

(4,409)

(20,621)

(4,947)

Consolidated

$

17,339

$

14,323

$

38,631

$

51,594

 

SOURCE Spanish Broadcasting System, Inc.

The president of Colombia spoke with Ismael Cala about COVID-19 and Venezuela

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MIAMI, March 31, 2020 /PRNewswire-HISPANIC PR WIRE/ — The president of Colombia, Iván Duque, spoke live this Monday with Ismael Cala about the coronavirus and the charges brought by the United States against Nicolás Maduro and other senior members of his regime.

In an interview on MegaTV, Duque discussed the border cooperation between Colombia and Venezuela, which is being aided by the Pan American Health Organization and the governors.

The Colombian president also affirmed that the programs in the Social Security network being deployed to handle the health crisis are also being used to help Venezuelans residing in Colombia.

He also mentioned the charges brought by the United States Justice Department against Nicolás Maduro and Cartel de los Soles, and said that the facts speak for themselves.

>>> Download the video of the interview here:

Ismael Cala is currently standing in for Oscar Haza on MEGA TV, as part of the channel’s efforts to continue providing information and quality analysis in the midst of the coronavirus pandemic.

“Ahora con Oscar Haza,” (Now, with Oscar Haza), is broadcast Monday to Friday, at the following times:

Miami: 8:00 pm
US Domestic: 8:00 pm ET / 7:00 pm CT/ 5:00 pm PT
Puerto Rico: 10:00 am

ABOUT ISMAEL CALA

Life and business strategist. He presents and directs the interview show, CALA, which is broadcast in twenty countries. For five and a half years, Ismael Cala hosted the show CALA at prime time on CNN en Español. Businessman and social entrepreneur. Author of eight best-selling books in the areas of leadership, enterprise and personal development, including “El poder de escuchar,” (The Power of Listening), and “Despierta con Cala” (Awaken with Cala). Cala was born in Santiago de Cuba (1969) and has a degree in Art History from Universidad de Oriente. He is coauthor of the book “Beat the Curve,” with Brian Tracy. He graduated from the School of Communication at the University of York in Toronto, and has a diploma from Seneca College in Television Production. He is President and founder of Cala Enterprises Corporation and the Ismael Cala Foundation.

SOURCE Cala Enterprises

AARP Innovation Labs Launches ‘AARP Community Connections’ Platform To Find Help, Or Give It, During Coronavirus Pandemic

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AARP_Logo

WASHINGTON, March 31, 2020 /PRNewswire-HISPANIC PR WIRE/ — AARP Community Connections, a new online platform launched by AARP Innovation Labs today, allows users to organize and find local volunteer groups to help pick up groceries, provide financial assistance or lend emotional support to neighbors, friends and loved ones. Across the country, these informal online groups—also called “mutual aid” groups—help communities stay connected at a time when people must practice social distancing to stay safe.

“We may need be physically isolated, but we don’t have to feel alone,” said Andy Miller, Senior Vice President of AARP Innovation Labs. “Through this innovative platform, people in need of help from—or who want to offer help to—their communities are empowered to engage. In this unprecedented time, AARP remains committed to helping the 50-plus population, and AARP Community Connections is one more way we’re innovating to improve our communities.”

AARP Community Connections includes multiple resources to help those who are feeling isolated, depressed, overwhelmed or anxious. Users are able to:

  • Request a call from an AARP volunteer, or a trained counselor; 
  • Easily create an account with Savo to make connecting with their families easier; 
  • Join “The Mighty,” a safe, supportive online community for people facing health challenges and their caregivers. 

Social isolation was a common problem, even before the coronavirus pandemic: A 2020 study, published by the National Academies of Sciences, Engineering and Medicine and supported by AARP Foundation, reported 43 percent of adults age 60 or older said they had felt lonely. And, while social isolation and loneliness are serious health issues by themselves, they can also exacerbate existing health problems, such as lung disease, heart disease and diabetes. AARP Community Connections helps people reach out to volunteers in their community who are willing to help their neighbors with their unique needs.

AARP Community Connections is live and completely free to use, and AARP membership is not required. For more information, visit www.aarpcommunityconnections.org.

About AARP
AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age. With a nationwide presence and nearly 38 million members, AARP strengthens communities and advocates for what matters most to families: health security, financial stability and personal fulfillment. AARP also produces the nation’s largest circulation publications: AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org or follow @AARP and @AARPadvocates on social media.

Logo – https://mma.prnewswire.com/media/648215/AARP_Logo.jpg

SOURCE AARP

Spanish Broadcasting System Schedules Fourth Quarter And Full Year 2019 Conference Call

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MIAMI, March 30, 2020 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (OTCQB: SBSAA) (the “Company”) announced that it will release its fourth quarter and full year 2019 financial results today, March 30, 2020.

The Company will host a conference call to discuss its fourth quarter and full year 2019 financial results on Wednesday, April 1, 2020 at 11:00 a.m. Eastern Time.  To access the teleconference, please 412-317-5441 ten minutes prior to the start time.

If you cannot listen to the teleconference at its scheduled time, there will be a replay available through Wednesday, April 15, 2020 which can be accessed by dialing 877-344-7529 (U.S) or 412-317-0088 (Int’l), passcode: 10141305. 

There will also be a live webcast of the teleconference, located on the investor portion of Spanish Broadcasting’s corporate Web site, at http://www.spanishbroadcasting.com/webcasts-presentations. A seven day archived replay of the webcast will also be available at that link. 

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. 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, a 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.

Contacts:

Contacts:

Analysts and Investors

Analysts, Investors or Media

José I. Molina

Brad Edwards

Chief Financial Officer

The Plunkett Group

(305) 441-6901

(212) 739-6740

SOURCE Spanish Broadcasting System, Inc.

We The Best Foundation partners with Direct Relief and simplehuman to fight COVID-19

0

MIAMI, March 30, 2020 /PRNewswire-HISPANIC PR WIRE/ — DJ Khaled and Nicole Tuck announce the partnership of their We The Best  Foundation with Direct Relief and simplehuman to aid in supplying additional supplies to healthcare workers on the front line in both New York and Miami local hospitals. 

The COVID-19 pandemic has created an urgent need for protective equipment for doctors, nurses, and other health professionals being called upon to maintain regular health services and also care for those who become seriously ill and face the risk of death from the effects of the virus.

Inspired by friend and Miami based designer Gelareh Mizrahi’s story, who’s brother is on the front lines in a Brooklyn Hospital, Khaled and Nicole joined in on her efforts and have been working with Direct Relief to give those most vulnerable the equipment they need. Their combined efforts provided over 10,000 masks, gloves, and dozens of PPE kits for healthcare workers. 

“Helping our local community when and where we can has always been our mission since we started the We The Best Foundation back in 2018. By partnering with Direct Relief, Nicole and I are able to reach the medical staff who are most at risk in local hospitals in New York and Miami. It’s important to us to take care of those who take care of us., said DJ Khaled. 

Direct Relief has rapidly mobilized to get protective gear – N95 masks, surgical masks, isolation gowns, gloves, face shields, and sanitizers – into the hands of as many frontline health workers as possible, with emergency deliveries leaving daily for nonprofit community clinics and health centers that care for the nation’s most vulnerable populations.

“Direct Relief is so deeply grateful for this extraordinary act of personal generosity from DJ Khaled and Nicole Tuck to help keep health workers safe as they put themselves at risk to keep all of us safe,” said Thomas Tighe, Direct Relief President and CEO. “This support translates into immediate, practical help, and is such a wonderful example of everyone pulling together and doing whatever we can to protect those who are most vulnerable.” 

With the help of DJ Khaled, the California-based company, simplehuman, will supply thousands of hands-free soap dispensers to communities starting in their hometown of Los Angeles and expanding across the nation. This initiative, which starts on April 1st, is putting the power in the hands of the people, inviting them to nominate organizations in their own communities to receive complimentary hands-free soap dispensers and sanitizer, which are coated in germ-blocking nano-silver technology. 

The We The Best Foundation is a 501c3 organization dedicated to enriching the lives of the next generation – from childhood to adulthood. Through supporting non-profit organizations and individuals in underserved communities, We The Best is committed to efforts that aid individuals in becoming the best version of themselves and making their dreams come true. 

For more information on how you can join We The Best Foundation in support of Direct Relief, please visit: https://www.directrelief.org/emergency/coronavirus-outbreak

 

SOURCE We The Best Foundation

Toyota: We Are Here For You!

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Toyota logo

PLANO, Texas, March 27, 2020 /PRNewswire-HISPANIC PR WIRE/ — As a result of the COVID-19 pandemic, Toyota Motor North America, Inc. (TMNA) continues to assist those in need with essential supplies, emergency relief and is providing on-going support to many local organizations and non-profits. These efforts include monetary, “in-kind” donations, plus utilizing several of the company’s North American facilities to fabricate face shields while collaborating with medical device companies to speed the manufacture of ventilators, respirators and other vital devices for hospitals.

Toyota logo

“Toyota’s core value has always been to contribute to society in meaningful ways beyond providing mobility for our customers,” said Ted Ogawa, incoming CEO, TMNA. “With our plants idled and our dealers focused on servicing customers, we are eager to contribute our expertise and know-how in order to help quickly bring to market the medical supplies and equipment needed to combat the COVID crisis. Our message to the medical equipment community is we are here to help, please utilize our expertise.”

For medical device companies and related businesses seeking support in the areas of manufacturing, engineering, supply chain and purchasing, all inquiries can be sent to: ToyotaMPICsupport@toyota.com  

The company has also taken several actions in support of curbing the spread of the virus and helping communities across North America, including:

  • Face Shields: Working to produce 3-D printed face shields, and mass production will kick off early next week. The first distribution will be to MD Anderson in Houston, UT Southwestern Medical Center in Dallas, and other hospitals in Indiana, Kentucky and Michigan.
  • COVID-19 Masks: Ready to produce COVID-19 masks, currently seeking partners for filters.
  • Ventilators/Respirators: Finalizing agreements to begin working with at least two companies that produce ventilators and respirators to help increase their capacity.
  • Toyota Production System Support Center (TSSC): Offering manufacturing/engineering know-how support to companies to increase their capacity for necessary medical supplies and equipment and will continue to be available to them. Currently working to support Hospitals/communities on organizing efficient drive-through COVID-19 testing sites. To learn more about TSSC click on the following: https://www.tssc.com/
  • Customer Financing: Toyota Financial Services (TFS) and Lexus Financial Services (LFS) are providing payment relief options to customers who are affected by COVID-19. Affected lease and finance customers may be eligible to take advantage of finance contract payment extensions or lease deferred payments. TFS and LFS are also providing options to assist customers at or near the end of their lease who are impacted by the pandemic.
  • Advertising: Toyota brand pulled its March sales event advertising and started running a new national ad campaign with an optimistic message to let our customers know that at Toyota, “We’re here for you.”
  • Lexus also will release its own advertising this week to reassure luxury customers that we put “People First.”
  • Donation of Supplies: Toyota has made significant donations to hospitals, emergency management teams, and first responders. Items donated include masks, safety glasses, shoe/boot covers, gloves, blankets, and cotton swabs.
  • Community and Business Partner Groups: Continue to make significant monetary donations to the United Way, food banks and other key non-profit organizations geared towards helping those in need. In addition, the company’s Business Partnering Groups are providing mentoring, university lecturing, health and safety tips for employees, families and pets and additional ways to support the communities in which we operate.

For a complete list of donations from our Toyota companies, employees and dealers that are helping to assist local communities, please visit Toyota’s COVID-19 page at:  https://pressroom.toyota.com/topic/covid-19-information/.

About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 40 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ more than 47,000 people (over 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold 2.7 million cars and trucks (2.4 million in the U.S.) in 2019.

Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.toyotanewsroom.com.

CONTACT:
Victor Vanov
Toyota Motor North America, Inc.
469.292.1318

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

SOURCE Toyota Motor North America

Bilingual Support for Families on COVID-19 from the National Alliance for Hispanic Health

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EnglishInfograph_Infographic

WASHINGTON, March 27, 2020 /PRNewswire-HISPANIC PR WIRE/ — “Today the Alliance launched the I do my part campaign to combat COVID-19. What we each do during this crisis makes a difference. We need to give individuals and families tools to help them through these coming weeks,” said Dr. Jane L. Delgado, President and CEO of the National Alliance for Hispanic Health (the Alliance), the nation’s leading health advocacy group.

The National Alliance for Hispanic Health developed resources in English and Spanish that can be downloaded for free (www.healthyamericas.org) and used with all communities. To launch the effort the Alliance and their community-based organization members, that serve 15 million people annually, took to social media with the English and Spanish infographic messages campaign.

“Many people are having difficulty staying at home and yet to support each other that is what we have to do. We can each do our part and that is the message of each of these infographics. It is extremely important that if you are feeling overwhelmed that you take small steps to get through each day. If we each do our part, together we will make it through this,” concluded Dr. Delgado

To download the I do my part social media infographics and other COVID-19 information, go to healthyamericas.org, or for Spanish language materials go to nuestrasalud.org for free health information and to search for community health centers in your area.

About the National Alliance for Hispanic Health (The Alliance) — The Alliance is the nation’s foremost science-based source of information and trusted advocate for the health of Hispanics in the United States with a mission to achieve the best health for all. For more information visit us www.healthyamericas.org 

Info – https://mma.prnewswire.com/media/1138274/EnglishInfograph_Infographic.jpg

SOURCE National Alliance for Hispanic Health

Fiat Chrysler Automobiles Expands Coronavirus-related Relief Actions; 1 Million Meals for School Children Included in New Programs

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FCA logo

AUBURN HILLS, Michigan, March 27, 2020 /PRNewswire-HISPANIC PR WIRE/ — As previously communicated to the company’s employees from Fiat Chrysler Automobiles (FCA) CEO Mike Manley, the company is in the process of converting its first plant to produce face masks for donation to first responders and health care workers. The first machinery has been delivered and installed with supply and donation coming on stream in the coming weeks.

FCA logo

FCA is expanding its program of measures to support coronavirus relief efforts, focused on two principal areas: charities providing food services to children and support for a range of technical, logistical and manufacturing programs, such as face mask production.

“There has never been a more important moment to help children and their families with vital needs in our communities than during this time of great uncertainty,” said FCA CEO Mike Manley

Food programs for children in our communities
FCA will work in partnership with non-profit organizations and foundations that are providing food to children until schools return to session. Starting immediately, FCA will help provide more than 1 million meals to school-age children in the communities around our principal manufacturing plants in Illinois, Indiana, Michigan and Ohio. The program will then be extended nationwide in the U.S. and to Canada and Mexico, supporting similar relief efforts for kids who would normally access school meal services.

Mobilizing company resources
Following the first actions taken to start face mask production, the company is now investing technical, logistical and manufacturing resources at medical equipment and personal protective equipment (PPE). With the donation of face masks produced by the company starting in the coming weeks, the company will invest to extend that production capacity to other plants and ultimately donate masks to first responders and health care workers across the world. Drawing on experience from the company’s engineering and logistics team in Italy who are assisting a local ventilator manufacturer, FCA is engaged with other companies producing ventilators and other much needed medical equipment and PPE.

“In this time of need, we’ve focused our resources on those actions we can implement quickly and that will have the greatest impact, as we did in Italy as soon as the emergency started,” added Manley.

FCA
Fiat Chrysler Automobiles (FCA) is a global automaker that designs, engineers, manufactures and sells vehicles in a portfolio of exciting brands, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep®, Lancia, Ram and Maserati. It also sells parts and services under the Mopar name and operates in the components and production systems sectors under the Comau and Teksid brands. FCA employs nearly 200,000 people around the globe. For more details regarding FCA (NYSE: FCAU/ MTA: FCA), please visit www.fcagroup.com.   

Logo – https://mma.prnewswire.com/media/722513/FCA_Logo.jpg

 

SOURCE FCA

Virginia López Sobá’s New Book Se Que Te Amo, An Enchanting Collection Of Poems Evoking Human Realizations And Emotions That Impart Positivity And Vigor In Life

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Soba

ORLANDO, March 27, 2020 /PRNewswire-HISPANIC PR WIRE/ — The book Se Que Te Amo was created by Virginia López Sobá. Virginia is a Puerto Rican professional poet who now resides in Orlando, Florida, for four years. She is also a nursing graduate.

Virginia López Sobá said this about her book: “This book is a trip to adventure, of all kinds of fantasy. You will find verses that express feelings of love, vain desires, and emotions so intense that they cause people to live and feel. Reinventing the conqueror inside you, trying to conquer it. Poems to dream, that inspire our Mother Earth, enchanted and bewitched. Sad dancers, without rules, beautiful goddesses, without words that were left without souls in their trajectory. The search for my lost children is one of my stories.”

Published by Page Publishing, Virginia López Sobá’s new book Se Que Te Amo will captivate readers with verses inspired by real-life circumstances filled with exquisite love, amour propre, and spirituality.

Consumers who wish to discover the true essence of life through purposeful, grandiloquent minstrelsy can purchase Se Que Te Amo in any bookstore, or online at Apple iTunes, Amazon.com, Google Play, or Barnes and Noble.

For additional information or inquiries, you can contact Page Publishing, through the following number: 866-315-2708.

About Page Publishing:

Page Publishing is a traditional full-service publishing house that handles all of the intricacies involved in publishing its authors’ books, including distribution in the world’s largest retail outlets and royalty generation. Page Publishing knows that authors need to be free to create, not bogged down with complicated business issues like eBook conversion, establishing wholesale accounts, insurance, shipping, taxes, and the like. Its roster of authors can leave behind these tedious, complex, and time-consuming issues and focus on their passion: writing and creating. Learn more at www.pagepublishing.com.

Photo – https://mma.prnewswire.com/media/1137574/Soba.jpg

SOURCE Page Publishing

Gonzalo O. García’s New Book La Verdadera Poesía Intimista, A Stirring Compilation Of Poems Inspired By The Author’s Kaleidoscopic Life That Birthed Virtues And Insights

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Gonzalo-O-Garcia

MIAMI, March 27, 2020 /PRNewswire-HISPANIC PR WIRE/ — The book La Verdadera Poesía Intimista was created by Gonzalo O. García. García is an author who hails from Havana, Cuba, and now resides in Miami, Florida. He won first prize in poetry at the Institute of Peruvian Culture.

Gonzalo O. García said this about his book: “The book fundamentally deals with the poet’s inner vision in an environment that sometimes—and perhaps it is—suggests being ambiguous or almost of two different personalities (one would say ‘extreme’). This duality will undoubtedly be striking for selective readers who will be able to draw their conclusions and recreate themselves in the underworld of the author’s soul and perhaps be a little reflected or reflected in the contrasting verses of the work.

In addition, the book offers seventy-two poems, a small treatise on psychology and, in certain cases, on the philosophy of life of the author who frequently questions himself on the old theme of death, passion, and real and imaginary distance of lost love. In the book, two names of women are in the substrate of the themes in the middle of the conflict that most of the poems display. The poems are dedicated to both. Finally, there is a touch of condemnation or criticism of the two environmental circumstances—two totally different countries in which the poet has to live.

The possible references to pigeon fancy—breeding of carrier pigeons for competitions or contests of various distances—as well as Saturday belong to personal events in the author’s life.”

Published by Page Publishing, Gonzalo O. García’s new book La Verdadera Poesía Intimista is an enrapturing reflection of a life blessed by fruitions of love and wisdom that culminated into vivid poems that exude with philosophical notions and an in-depth peering into the mind’s eye.

Consumers who wish to be enthralled with relatable and striking poesies can purchase La Verdadera Poesía Intimista in any bookstore, or online at Apple iTunes, Amazon.com, Google Play, or Barnes and Noble.

For additional information or inquiries, you can contact Page Publishing, through the following number: 866-315-2708.

About Page Publishing:

Page Publishing is a traditional full-service publishing house that handles all of the intricacies involved in publishing its authors’ books, including distribution in the world’s largest retail outlets and royalty generation. Page Publishing knows that authors need to be free to create, not bogged down with complicated business issues like eBook conversion, establishing wholesale accounts, insurance, shipping, taxes, and the like. Its roster of authors can leave behind these tedious, complex, and time-consuming issues and focus on their passion: writing and creating. Learn more at www.pagepublishing.com.

Photo – https://mma.prnewswire.com/media/1137576/Gonzalo_O_Garcia.jpg

SOURCE Page Publishing

V-me Media joins #YoMeQuedoEnCasa campaign

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V_me_Media_YoMeQuedoEnCasa

MIAMI, March 26, 2020 /PRNewswire-HISPANIC PR WIRE/ — V-me Media has joined the #YoMeQuedoEnCasa campaign to help curb the expansion of the COVID-19 coronavirus. The campaign was started in Italy making its way through other countries in Europe via social media on Facebook, Twitter and Instagram. Numerous celebrities from sports and entertainment have joined the initiative.

V-me Media, home to Vme TV, Vme Kids and Primo TV is providing key information through tips and news to the U.S. Hispanic audience through on air, digital and social media.  Michael Fernández V-me Media’s VP of Marketing added: “We are all part of the same community and its important during these times to make sure that our audience understands that they too can play a role in getting through this.”

Working in collaboration with HITN TV through its Vida y Salud family of services and with the support of renowned health expert Dr. Aliza, HITN-TV airs daily newscasts dedicated to informing and educating families about the coronavirus pandemic.  Coronavirus en Tiempo Real, in collaboration with the Health Channel, includes five one-minute daily reports, in English and Spanish, with the latest updates on COVID-19.

Guillermo Sierra HITN-TV’s Head of Television and Digital Services added: “The most useful and practical thing that we can do as media is to invite our audience to stay at home, while we offer entertaining and educational programming to keep all families informed, connected, and distracted in these difficult times of uncertainty and fear caused by the spread of the coronavirus.”  

About V-me Media

V-me Media Inc. is a family of three television networks; including Vme TV, Vme Kids and Primo TV, which provide quality programming for Hispanic families.  Vme Media selects programming which is engaging, empowering, educational and entertaining with a contemporary mix of original productions, exclusive premieres, acquisitions and children’s content specially adapted for the U.S. Hispanic market.  To learn more about Vme Media and their networks, visit www.vmetv.com, or www.vmekids.com or www.primotv.com.

About HITN-TV

HITN-TV is a leading Spanish-language media company that offers educational and cultural programming for the whole family.  It reaches more than 44 million viewers in the US and Puerto Rico via DIRECTV, DIRECTV NOW, DISH Network, AT&T U-verse TV, Verizon FiOS TV, Comcast, Charter Spectrum, Mediacom, CenturyLink Prism and Altice.  For more information, please visit.www.hitn.org.

Media Contact:
Michael Fernandez
mfernandez@vmetv.com
786-924-8330

Photo – https://mma.prnewswire.com/media/1137565/V_me_Media_YoMeQuedoEnCasa.jpg

SOURCE V-me Media Inc.

E. & J. Gallo’s Barefoot Wine Donates $100,000 to Help Children of Restaurant Employees

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Barefoot Wine & Bubbly (PRNewsFoto/Barefoot Wine & Bubbly)

MODESTO, Calif., March 25, 2020 /PRNewswire-HISPANIC PR WIRE/ — At Barefoot, we’re grateful for restaurant workers because we share their passion for food, service and friendship. To help restaurant employees weather the impact of COVID-19 on their families, Barefoot is making an initial $100,000 donation to Children of Restaurant Employees (CORE), which supports food and beverage employees and their families faced with life-altering circumstances. In addition to this initial commitment, Barefoot will be supporting other local efforts as future needs emerge during these unprecedented times.

Barefoot Wine & Bubbly (PRNewsFoto/Barefoot Wine & Bubbly)

“We appreciate the support of Barefoot to help us keep families afloat during this difficult time,” said Executive Director at C.O.R.E. Sheila G. Bennett. “Barefoot’s generosity will go a long way to support restaurant employees with children as they navigate their way through this unprecedented pandemic to happier days.”

“We are proud to help CORE extend relief to restaurant employees and their children,” said Anna Bell, Vice President of Marketing at Barefoot. “We look forward to the time when we can all return to the many restaurants that have played such an enjoyable role in our daily lives. In the meantime, Barefoot is committed to supporting CORE and their impactful initiatives.”

In addition, Gallo will match U.S. based employee contributions one-to-one through its employee match program.

About CORE™
Children of Restaurant Employees (CORE) supports the children of food and beverage employees who are faced with medical diagnosis, injury, family death or the natural disaster of their home or place of business. As the world faces the biggest pandemic in our lifetime, we want to continue to honor our mission by providing support to food and beverage service employees, with children, who have been medically diagnosed with COVID-19. Documentation is required. If you are diagnosed with COVID-19, visit CORE to apply for assistance. To help more families in the restaurant industry, donate to CORE.

About Barefoot®
At Barefoot® we believe in bringing something better to the table and making new friends around the globe. We are honored to be the most awarded wine brand in the world known for our innovative approach to winemaking and our diverse collection of delicious, refreshing wines. Barefoot offers 21 still wines and 11 sparkling Barefoot Bubbly® wines. Barefoot® also offers wine-based Spritzer cans made in a fizzy and light wine style with added hints of fruit flavor, as well as our newest offering, Barefoot Hard Seltzers.

©2020 Barefoot Cellars, Modesto, CA. All rights reserved.

Media Contact:
Sara Roberts
Sara.roberts@ejgallo.com
(332) 208-2525

Logo – https://mma.prnewswire.com/media/443980/Barefoot_Wine_and_Bubbly_Logo.jpg  

SOURCE Barefoot Cellars

COVID-19: Debt.com advises financial quarantine

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Debt.com is the consumer website where people from all walks of life can find help with credit card debt, student loan assistance, credit monitoring, tax debt, identity theft, credit repair, bankruptcy, debt collector harassment and more. Debt.com works with only vetted and certified providers that give the best advice and solutions for consumers 'when life happens.

FORT LAUDERDALE, Florida, March 25, 2020 /PRNewswire-HISPANIC PR WIRE/ — Debt.com, the nation’s leading provider of personal debt solutions, is advising Americans to watch their finances during the COVID-19 shutdowns. They have created a hub page where consumers can access personal finance information and resources and they have a hotline where consumers can call to get their questions answered.

Debt.com is the consumer website where people from all walks of life can find help with credit card debt, student loan assistance, credit monitoring, tax debt, identity theft, credit repair, bankruptcy, debt collector harassment and more. Debt.com works with only vetted and certified providers that give the best advice and solutions for consumers 'when life happens.

In this fluid situation, Debt.com experts want people to focus on three issues initially for maintaining financial health:

  • Quarantine finances – The volatility of the market is unavoidable, but that doesn’t mean people should cash out on their retirement plans or long-term savings. Focus on current cash flow and short-term stability, and keep a distance from other long-term accounts.
      
  • Recognize fraud – It’s sad but true that every tragedy is an opportunity for scammers. Already, many standard online, phone and email scams have been updated to prey on our fears of COVID-19. These range from selling “COVID-killing cleaning supplies” that are little more than dish soap to fake charities that purport to help victims but actually pocket your donations.
     
  • Seek the right help – There’s no shortage of excellent advice from personal finance experts. However, there’s less credible and proven advice on how to handle specific forms of debt for the duration of the COVID-19 shutdowns. That’s where certified financial experts can help. 

“Industry professionals know which creditors have extended deadlines and are offering extended terms. They know existing rules and laws that allow you to juggle limited resources until the emergency has passed. They can advise you when and if to borrow against retirement accounts or secure home equity lines of credit,” says Debt.com Chairman and CPA Howard Dvorkin.

Americans are struggling with their finances and those who are having trouble paying their debts should consult financial experts just as those worried about COVID-19 should consult health experts by calling Debt.com’s hotline at 1-844-402-3574.

“Because we’re a one-stop shop for debt solutions, I believe we can help anyone quickly by providing the best advice and service,” Dvorkin says. “But in tragic situations like this, I care more about Americans calling someone – anyone – who can help.”

About: Debt.com is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers ‘when life happens’.

Logo – https://mma.prnewswire.com/media/408903/debtdotcom_logo.jpg

 

SOURCE Debt.com

HITEC Announces New Corporate Advisory Board Members

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CHICAGO, March 25, 2020 /PRNewswire-HISPANIC PR WIRE/ — HITEC announces the appointment of two new members to the HITEC Corporate Advisory Board. Joining the HITEC Corporate Advisory Board are:

  • Francisco Trejo, Managing Director, Digital Products at United Airlines
  • Salvador Segura, Director of Business Programs, Field Capability Services at Microsoft

HITEC is a premier global executive leadership organization of Hispanic senior business and technology executives who have built outstanding careers in technology.

The purpose of the HITEC Corporate Advisory Board is to help and support HITEC’s broader organizational mission by serving as HITEC evangelists and ambassadors in the community and across the technology industry, and by functioning as advisors to the HITEC Board of Directors, Executive Committee and HITEC Staff providing strategic guidance and counsel on areas of growth and improvement.

“It is with great privilege that I accept this appointment to HITEC’s Corporate Advisory Board. I can’t wait to further deepen my relationship with HITEC and its mission of helping tomorrow’s technology leaders today,” shared Francisco Trejo, Managing Director, Digital Products at United Airlines. “It’s a truly special organization and I look forward to doing my part to help it continue on its path towards greater success. I would like to thank United Airlines and the HITEC Team for this unique opportunity.”

“I am delighted, excited, and deeply honored to join the HITEC Corporate Advisory Board. I look forward, in this new capacity, to continue helping with all the work and initiatives in support of our mission,” said Salvador Segura, Director of Business Programs at Microsoft.

HITEC remains committed to being the leading organization for Hispanics in technology and innovation and to helping build the next generation of Hispanic technology executives.

“I’m excited about all of the things we will accomplish together with the addition of our new board members,” said HITEC President, Omar Duque. “Having these accomplished leaders on our advisory board gives us the opportunity for new insight and guidance on how to best further our mission to inspire, grow and connect the next generation of Hispanic technology executives and leaders,” said Duque.

About HITEC

SOURCE Hispanic Information Technology Executive Council

BOSS Revolution Money App Offers Free Money Transfers to International Bank Accounts

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IDT_Corporation_Logo

NEWARK, New Jersey, March 24, 2020 /PRNewswire-HISPANIC PR WIRE/ — IDT Corporation (NYSE: IDT), a global provider of communications and payment services, announced today that international money transfers on the BOSS Revolution Money app are free through April 30, 2020* when customers use their debit cards to send up to $2,999.**

“The impact of the COVID-19 pandemic is being felt worldwide,” said Jessica Poverene, VP of Marketing for BOSS Revolution.  “Now, more than ever, it’s important to support your family and friends while helping everyone to stay safe.  To assist our customers, we have suspended fees on transfers from debit cards to international bank accounts through the BOSS Revolution Money app.  It’s a secure, 100% digital way to send money that lets both senders and recipients stay in the safety of their homes.”

The BOSS Revolution Money app offers its U.S. customers 24/7 service and delivery to 54 countries on four continents including direct deposit with participating banks in 22 countries.  Customers can choose from any one of several delivery options depending on the destination: direct deposit into a bank account, cash pick-up, home delivery or mobile wallet delivery. In addition, all BOSS Revolution Money transfers are free to any destination for first time customers sending up to $300.

For customers who prefer to use cash to send money from a retail walk-in location, many BOSS Revolution money transfer retailers plan to remain open to provide necessities during the pandemic.  Customers can check with their favorite local BOSS Revolution retailer before leaving home.

“BOSS Revolution retail customers can also benefit when sending money directly to an overseas bank account so the recipient doesn’t have to leave home,” Ms. Poverene added.  “We offer a preferential foreign exchange rate for transfers to bank accounts in two of our most popular destinations, Mexico and Guatemala.”

BOSS Revolution customers can use the Boss Revolution Money app or bossrevolution.com to transfer money internationally, add airtime credit to mobile phones in the US and around the world and to add funds for international calling through the popular Boss Revolution international calling service.

The BOSS Revolution Money app is free on both the App Store and Google Play.  The app has been reviewed over 23,000 times on the two platforms earning high rankings of 4.7 and 4.6, respectively.

* Through March 31, 2020 for transfers to Nigeria. 
** For transfers to recipient bank accounts denominated in the local currency (not in U.S. dollars).  Offer valid for up to $250 on recipient bank accounts denominated in U.S. dollars.

About IDT Corporation:
IDT Corporation (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution®, net2phone® and National Retail Solutions® brands.  IDT’s wholesale carrier services business is a leading global carrier of international long-distance calls.  For more information on IDT, visit www.idt.net.

Boss Revolution money transfer products and payment services are offered and serviced by IDT Payment Services, Inc., licensed money transmitter (NMLS 935577, MA FT935577), or IDT Payment Services of New York LLC, licensed as a Money Transmitter by the New York State Department of Financial Services.

Logo – https://mma.prnewswire.com/media/408440/IDT_Corporation_Logo.jpg

SOURCE IDT Corporation

Project HOPE Teams up with Ricky Martin and CharityStars to Support Health Workers

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Project HOPE

MILLWOOD, Virginia, March 23, 2020 /PRNewswire-HISPANIC PR WIRE/ — Project HOPE has teamed up with global superstar Ricky Martin and the groundbreaking fundraising platform CharityStars for the #HelpfromHome campaign, which is raising funds to support healthcare workers on the frontlines of the COVID-19 outbreak in the United States and in at-risk countries.

Project HOPE

“Since the outbreak began in January, our response teams have been working to provide protective gear and other support to the health workers who are tirelessly working to treat patients and stop the spread of this virus,” said Rabih Torbay, President and CEO of Project HOPE. “We’re proud to have teamed up with Ricky Martin and CharityStars to raise funds for our worldwide coronavirus response effort. Healthcare workers are risking their lives to save lives every day, and they need our support now more than ever.”

“Our healthcare professionals are extremely vulnerable right now. They do not have enough gloves, gowns, or protective masks at hospitals, urgent care or doctors’ offices. This is unacceptable,” said Ricky Martin. “I knew in my heart I had to find a way to help them, and teaming up with Project HOPE and CharityStars will allow me, along with everyone else, to contribute and help these medical workers worldwide. All of our lives may depend on them, and their lives may depend on us.”

“Our platform has helped raise nearly $1.5 million to date to help the coronavirus response in Italy, and we are glad to be expanding this effort to help doctors and nurses worldwide,” said Domenico Gravagno, CEO & Co-founder of CharityStars. “This partnership with Ricky Martin and Project HOPE will help vulnerable healthcare workers and save countless lives, and we are proud to be a part of it.”

To join the #HelpfromHome campaign, visit charitystars.com/helpfromhome. Every donation, minus a maximum 2 percent credit card transaction fee, will go directly to Project HOPE’s coronavirus response effort.

Project HOPE has been responding to the COVID-19 pandemic since the outbreak began, when Project HOPE’s team on the ground in China began providing critical support and equipment to frontline health workers treating patients and working to contain the virus. To date, Project HOPE has delivered nearly 5 million facemasks as well as isolation gowns, protective coveralls, exam gloves, and other protective gear to hospitals that have screened and treated thousands of patients in China. Project HOPE is now working to provide personal protective gear to health workers in the United States and around the world.

As the virus spread and became a global pandemic, Project HOPE began preparing to provide vital training and other support for health workers in high-risk countries like North Macedonia, Kosovo, Ethiopia, Indonesia, and Colombia. In Puerto Rico – which is still reeling in the wake of Hurricane Maria as well as the earthquakes earlier this year – Project HOPE is working with partners on the ground to support response efforts where health facilities remain stretched.

For more information on Project HOPE’s response to the coronavirus outbreak, visit www.projecthope.org.

Contact:
Rebecca Gustafson
Project HOPE
+1-202-602-8312
rgustafson@projecthope.org

Logo – https://mma.prnewswire.com/media/1094002/Project_HOPE_Logo.jpg

SOURCE Project HOPE