2 Feb 2010 01:01 Africa/Lagos
Global Corporates Are Tiptoeing Cautiously Into 2010
But a significant minority planning for aggressive growth
LONDON, Feb. 1 /PRNewswire/ -- A comprehensive survey of senior executives at nearly 900 major companies worldwide by Ernst & Young reveals a very different business environment compared to twelve months ago but highlights a corporate world that for the most part is still nervous about recovery.
In January last year an Ernst & Young study, Opportunities in Adversity, asked companies about their key strategic priorities for 2009. Nearly three-quarters said they were focused on securing the survival of their present business and only 19% said they were looking to take advantage of the recession to pursue new market opportunities. As part of Ernst & Young's ongoing Lessons from change program, new research shows that by the beginning of December 2009, the percentage looking to pursue new opportunities this year has risen to 34%. Over half (53%) of companies, however, still agreed that surviving 2010 would still remain a challenge.
However, after the actions that many were forced to take earlier in the year it was not surprising companies were seeing progress with fewer still focused on improving the performance of their current assets, down from 39% to 27%, and the proportion still restructuring their business also declined from 37% to 27%.
John Murphy, Global Managing Partner - Markets, Ernst & Young said, "The spirit of optimism has increased, but it is essentially fragile in nature. A pick up in confidence is not surprising, given the massive global government stimulus working its way through the economy and the larger developing and emerging economies beginning to rebound. Companies may be less worried about survival over the next 12 months, but the return to a healthy operating environment is still some way off."
A significant minority are generating growth in EBITDA
Surprisingly, for a significant minority 2009 was a year when earnings improved. More than one third of companies surveyed reported that earnings before interest, depreciation and amortization (EBITDA) had grown by over 5% in the last 12 months. Remarkably in the context of a global recession, 7% of all businesses had seen a more than 20% increase in earnings.
Forty-five per cent of the companies based in Asia-Pacific and with a turnover of between US$100m and $500m reported in excess of 5% EBITDA growth. One-third of the very largest organizations surveyed (turnover exceeding US$10billion) also reported EBITDA growth exceeding 5%.
In Latin America (26%), Western Europe (28%) and Eastern Europe (29%) the proportion reporting 5% EBITDA growth or more was lower. By sector, more than 40% of pharmaceutical, aerospace and defense and banking companies exceeded the 5% growth threshold. Corporates in the oil and gas, manufacturing and automotive sectors were far more likely to report flat or declining earnings.
Murphy adds, "As we predicted last January, despite the turmoil and the challenges in 2009 there were some outright winners - companies that have found opportunity in the adversity. Judging by our research, a picture is emerging across countries and sectors of a group of companies that share a certain performance agenda, particularly around achieving speed-to-market. They are faster in making and executing decisions to take advantage of their changing markets."
But a way to go before earnings back at pre-recession levels
While they are out of crisis mode, corporates are now turning their attention to when there will be a full recovery in earnings. Approximately one-third saw revenue growth returning within six months, one-third said by the start of 2011 and the final third not for at least two years. Only 1% were pessimistic enough to say it would never return to pre-recession levels. Murphy adds: "Revenue growth - not just earnings growth - is now the burning platform for corporate, many of whom see recovery, certainly in the short to medium term, as sluggish."
And what will happen in 2010?
How were companies planning to improve their performance this year? Three-quarters of respondents said they believed that there were still major costs savings to be made in their organization through improved efficiency. A high proportion of companies (72%) felt they needed to increase the flexibility of their operations through reducing fixed costs, particularly among support functions and improving productivity.
The next most popular response was optimizing the markets they serve (64%) via new market entry, new products or new channels, and through revitalizing the business model (64%) with new thinking around organizational structure, core competencies and new business collaborations. Respondents also believed that accelerating their decision making processes and execution (63%) and strengthening their management talent (62%) would be critical to improve their chances of success.
80% look to growth despite problems with accessing capital
Exactly half of all businesses agreed that restricted access to capital will continue to constrain their growth prospects over the next year, yet a significant minority of respondents (30%) said they intended to take an aggressive growth-oriented stance as the demand outlook in their markets is improving. A further 49% of corporates said that they intended to pursue growth opportunistically, as the prospects for recovery in their markets remain unclear. The remaining fifth of companies said that their strategic focus will remain squarely on cost control until the market improves.
Murphy concludes, "It is clear that many companies are seeking to learn the lessons of the changed market. Although there is no silver bullet - no single action that will deliver success - our research has identified a number of action programs which sets high-performing companies apart. For instance, they have a deeper, broader understanding of their markets and the risks involved. Furthermore, they are more innovative in strategy and structure than their competitors and are more collaborative with partners. These successful companies are essentially equipping themselves for the new economy and navigating a new future for themselves."
Notes to Editor
As part of Ernst & Young's ongoing Lessons from Change program, the Economist Intelligence Unit carried out a study of 876 C-suite and board level executives in November and December 2009. Half of the companies surveyed had revenues of more than $1bn and 22% had annual turnover in excess of $10bn.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 144,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit www.ey.com.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The Ernst & Young organization is divided into five geographic areas and firms may be members of the following entities: Ernst & Young Americas LLC, Ernst & Young EMEIA Limited, Ernst & Young Far East Area Limited and Ernst & Young Oceania Limited. These entities do not provide services to clients.
This news release has been issued by EYGM Limited, a member of the global Ernst & Young organization that also does not provide any services to clients.
Source: Ernst & Young
CONTACT: Aurelie Leonard, Assistant Director of EMEIA and Global media
relations, +44-20-7980-0158, Aleonard1@uk.ey.com, or Tanya Valle, Assistant
Director, Americas Public Relations, +1-201-872-1688, Tanya.Valle@ey.com
Web Site: Ernst & Young
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Tuesday, February 2, 2010
Monday, February 1, 2010
Beyoncé and Taylor Swift Dominated the 52nd Grammy Awards
Beyoncé at the 52nd Annual GRAMMY Awards on Jan. 31 at the Staples Center, Los Angeles.
Photo Credit: Michael Caulfield / WireImage.com
The beautiful and electrifying Beyoncé Knowles was the undisputed Queen of the 52nd Grammy Awards as she set the record as the first female artiste to win the most Grammy Awards with six out of her ten nominations. The highly gifted Taylor Swift won four out of her eight nominations.
Taylor Swift
Nigeria’s only nominee at the 52nd Grammy Awards, Femi Kuti did not win in the Best Contemporary World Music Album category, the award went to the celebrated American banjo player Béla Fleck for Throw Down Your Heart: Tales from the Acoustic Planet, Vol. 3 - Africa Sessions.
1 Feb 2010 21:23 Africa/Lagos
Beyonce Breaks Record for Most Grammy(R) Wins by a Female Artist in a Single Year
SUPERSTAR TAKES HOME SIX GRAMMY AWARDS, INCLUDING "SONG OF THE YEAR" (FOR "SINGLE LADIES")
NEW YORK, Feb. 1 /PRNewswire/ -- Iconic superstar Beyonce, took home six Grammy® Awards, including "Song of the Year" (for "Single Ladies"), breaking the record for most Grammy® Awards won by a female artist in a single year, while bringing her career Grammy® total up to 16 (13 as a solo artist and 3 with Destiny's Child.) Beyonce, who tied the record with ten nominations for a female artist in a single year with The Fugees' star, Lauryn Hill, took home honors in the following categories:
Song of the Year ("Single Ladies (Put A Ring On It)")
Best Female Pop Vocal Performance ("Halo")
Best Female R&B Vocal Performance ("Single Ladies")
Best Traditional R&B Vocal Performance ("At Last")
Best R&B Song ("Single Ladies")
Best Contemporary R&B Album (I AM... SASHA FIERCE)
Five of Beyonce's wins are for her multi-platinum album, I AM...SASHA FIERCE, and one win honors the performer's work on the Cadillac Records soundtrack for her rendition of the Etta James hit, "At Last."
With eight Grammy® Awards, legendary pop icon, Michael Jackson and world renowned guitarist and visionary, Carlos Santana, share the record for most Grammy® Awards won by a male artist in one night.
On February 2, Beyonce is launching her first ever fragrance, Beyonce Heat. The Renaissance woman will celebrate the debut of her fragrance at Macy's Herald Square in New York City by meeting the first 500 customers to purchase the exclusive Beyonce Heat 3-piece fragrance set.
Beyonce recently extended her 2009 "I AM..." World Tour to South America for a series of live concerts beginning Thursday, February 4, 2010 at Parque Planeta in Florianopolis, Brazil. The two-week run will end in the Caribbean on the island of Trinidad on Thursday, February 18, 2010 (see itinerary following).
The "I AM..." World Tour in South America and The Caribbean
Thu 2/4 Florianopolis, Brazil Parque Planeta
Sat 2/6 Sao Paulo, Brazil Morumbi Stadium
Sun 2/7 Rio de Janeiro, Brazil HSBC Arena
Mon 2/8 Rio de Janeiro, Brazil HSBC Arena
Wed 2/10 Salvador, Brazil Parque de Exposicoes
Fri 2/12 Buenos Aires, Argentina Hipodromo de San Isidro
Sun 2/14 Santiago, Chile Movistar Arena
Tue 2/16 Lima, Peru Explanada del Estadio Monumental
Thu 2/18 Port of Spain, Trinidad Queen's Park Oval
For more information, please contact Yvette Noel-Schure, Columbia Records, Media, New York, 212-833-4483; email: Yvette.Noel-Schure@sonymusic.com
www.beyonceonline.com
www.columbiarecords.com
www.musicworldent.com
www.houseofdereon.com
www.dereon.com
www.beyonceparfums.com
Source: Music World Music/Columbia Records
CONTACT: Yvette Noel-Schure, Columbia Records, Media, New York,
+1-212-833-4483, Yvette.Noel-Schure@sonymusic.com
Web Site: http://www.columbiarecords.com/
Photo tags:
Blind Boys Of Alabama Bobby Darin Brian Culbertson Beatles Bill Freimuth Angelia Bibbs-Sanders B.B. King 52nd GRAMMY Awards Pre-Tel Chris Cornell Chris Martin Bill Harley Billy Currington 52nd GRAMMY Awards Carrie Underwood Billie Joe Armstrong 2009 MusiCares Person of the Year Tribute to Neil Diamond Bono Ben Harper Chris Blackwell 11th Annual Entertainment Law Initiative Luncheon Beyonce Blue Note Records Christina Aguilera 2010 MusiCares Person of the Year 12th Annual Entertainment Law Initiative Luncheon Andrea Bocelli Big Boi Bill Putnam Jr. Anthony Hamilton Chrisette Michele Akon Adam Lambert Bruce Springsteen Charlie Haden Booker T. Jones Anthony Wilson Carole King Celine Dion Bill Cunliffe Aretha Franklin Chris Tucker Alison Krauss Allen Toussaint Cassandra Wilson Alicia Keys Avril Lavigne Carlos Pena 2009 MusiCares Person of the Year Tribute Brenda Lee Ashanti Bruce Lundvall Backstage and Audience Adele Bubba Jackson Brad Paisley BeBe Winans Bon Jovi Carmen Rizzo Carlos Santana Alice in Chains 52nd GRAMMY Winners 12th Annual Entertainment Law Initiative Buck Howard Al Green Chris Brown 52nd GRAMMY Pre-Telecast Bonnie Raitt Beau Bridges Big Jon Platt Boney James Barbra Streisand Barbara Boxer Andre 3000 Black Eyed Peas AJ Parhm Jr
Releases displayed in Africa/Lagos time
Releases displayed in Africa/Lagos time
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Saturday, January 30, 2010
American Imam was Handcuffed and Shot 21 Times by FBI
Imam Luqman Ameen Abdullah
30 Jan 2010 16:18 Africa/Lagos
CAIR: Autopsy Shows Mich. Imam Shot 21 Times, Handcuffed
Muslim civil rights group repeats call for independent probe of FBI shooting
WASHINGTON, Jan. 30 /PRNewswire-USNewswire/ -- The Council on American-Islamic Relations (CAIR) today reiterated its call for an independent investigation into the death of a Michigan imam, or Islamic religious leader, who a leaked autopsy report has revealed was shot 21 times and then handcuffed during an October FBI raid in Detroit.
Video: Shocking Details of Slain Imam's Autopsy (Fox)
http://www.youtube.com/watch?v=LCYKZq9JLnc
CAIR, other civil liberties groups and Rep. John Conyers (D-MI), who is chairman of the House Judiciary Committee, have all called for an investigation into the death of Imam Luqman Ameen Abdullah. Earlier this month, Conyers sent a letter to Attorney General Eric Holder to ask the Justice Department's civil rights division to investigate both the October shooting and whether the FBI violated the Constitution by using informants in mosques. A report detailing the imam's autopsy is scheduled for official release on Monday.
SEE: Autopsy in Imam Shooting to be Released Monday (Detroit News)
http://tinyurl.com/imamautopsy
Conyers: Review FBI Case on Imam (Detroit Free Press)
http://tinyurl.com/conyersimam
"The shocking details of the imam's autopsy raise a number of disturbing questions that need to be answered," said Dawud Walid, executive director of CAIR's Michigan chapter. "First of all, did the FBI agents follow established procedure when they shot the imam 21 times? How was the imam shot in the back? Was it proper procedure to handcuff either a dead body or a mortally-wounded suspect? If the agents found the imam alive following the shooting, did they call for medical assistance? All these questions need answers."
CAIR is America's largest Muslim civil liberties and advocacy organization. Its mission is to enhance the understanding of Islam, encourage dialogue, protect civil liberties, empower American Muslims, and build coalitions that promote justice and mutual understanding.
CONTACT: CAIR-MI Executive Director Dawud Walid, 248-842-1418, 248-559-2247, E-Mail: dwalid@cair.com; CAIR National Communications Director Ibrahim Hooper, 202-488-8787 or 202-744-7726, E-Mail: ihooper@cair.com; CAIR Communications Coordinator Amina Rubin, 202-488-8787 or 202-341-4171, E-Mail: arubin@cair.com
Source: Council on American-Islamic Relations
CONTACT: CAIR-MI Executive Director Dawud Walid, +1-248-842-1418,
+1-248-559-2247, E-Mail: dwalid@cair.com; CAIR National Communications
Director Ibrahim Hooper, +1-202-488-8787 or +1-202-744-7726, E-Mail:
ihooper@cair.com; CAIR Communications Coordinator Amina Rubin, +1-202-488-8787
or +1-202-341-4171, E-Mail: arubin@cair.com
Web Site: Council on American-Islamic Relations
CAIR: Calif. Mayor Says He is 'Growing a Christian Community'
ABOVE magazine: 'Beauty Will Save the World'
ABOVE Magazine Winter Issue(PRNewsFoto/ABOVE magazine) NEW YORK, NY UNITED STATES
30 Jan 2010 15:00 Africa/Lagos
ABOVE magazine: 'Beauty Will Save the World'
NEW YORK, Jan. 30 /PRNewswire/ -- Dedicated to raising awareness of the planet's endangered beauty and resources, the new issue of ABOVE magazine goes on shelf next week in the United States.
(Photo: http://www.newscom.com/cgi-bin/prnh/20100130/NY46799 )
This issue features cover and new artwork by the legendary American photographer and adventurer Peter Beard. This stunning and quintessentially personal portfolio features Beard's archival and iconic images of African wildlife juxtaposed with Hollywood star Eva Mendes, whom Beard shot in New York exclusively for ABOVE.
"Our goal is to become the destination publication for information and, I hope, inspiration about how to save beauty and preserve the environment on both collective and individual levels," said Nicolas Rachline, ABOVE's publisher and editor-in-chief.
As part of the issue, Tierney Gearon travelled to the San Juan Islands to capture magnificent images of fishermen using reef nets to catch wild salmon, one of the few sustainable and ethical kinds of fishing you can do. A companion piece by marine biologist Alexandra Morton shows the other side of the salmon story -- how these magnificent fish we all love to eat vanish from their wild habitat when they are imprudently "farmed" in sea pens. Claire Nouvian, ABOVE's marine conservation editor, closes the issue with her expert take on overfishing, looking at two new films about our endangered seas: Charles Clover's The End of the Line and Jacques Perrin's Oceans.
Ted Turner, the largest private landowner in North America and conservationist extraordinaire, shares his views on the environment, and sits still for photographer Gilles Bensimon, who travelled to Atlanta to photograph Turner (on the run, as always) in the company of his daughter Laura, who happens to be an active and ardent environmental activist.
And then we have an eco-conversation between designer Tom Dixon and novelist Stephanie Theobald, and eco-fashion with ultra-cool Italia Independent's Lapo Elkann, EDUN's Ali Hewson, and entomologist and "eco-model" Summer Raynes Oakes.
ABOVE magazine is published quarterly by Centoria Limited with a cover price of $10.00. It is distributed globally by Comag, a division of Conde Nast.
www.above-magazine.com
Photo: http://www.newscom.com/cgi-bin/prnh/20100130/NY46799
PRN Photo Desk, photodesk@prnewswire.com
Source: ABOVE magazine
CONTACT: Bryan Langston, +1-917-674-7042, bryan@bpcm.com, for ABOVE
magazine
Web Site: http://www.above-magazine.com/
Acquisition of 45% Stake in the Nigerian SEPLAT
29 Jan 2010 19:20 Africa/Lagos
Acquisition of 45% Stake in the Nigerian SEPLAT
PARIS, January 29/PRNewswire-FirstCall/ --
- SEPLAT Agrees to Acquire a 45% Stake in OMLs 4, 38 and 41 in Nigeria
SEPLAT PETROLEUM DEVELOPMENT COMPANY LTD (SEPLAT), SHELL PETROLEUM DEVELOPMENT COMPANY of NIGERIA Ltd (SPDC), TOTAL E&P NIGERIA Ltd, and NIGERIA AGIP OIL COMPANY have signed an agreement concerning the acquisition by SEPLAT of a 45% stake in OML 4, 38 and 41 in Nigerian onshore operations. The outstanding 55% stake remains the property of the NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC).
This transaction, which requires the consent of the NNPC, the national oil company, and the approval of the Federal Government of Nigeria, is expected to be completed within the next six months.
MAUREL & PROM acquired a 45% stake in SEPLAT, a Nigerian-registered company. Subsequent to this deal, MAUREL & PROM would own 20.25% of the rights before royalties (20% for oil) in OML 4, 38 and 41. SEPLAT's other shareholders include the Nigerian operators PLATFORM PETROLEUM Ltd (22%) and SHEBAH PETROLEUM DEVELOPMENT COMPANY Ltd (33%). The two companies operate production and exploration assets in Nigeria, as well as a floating production, storage and offloading vessel (FPSO). Given that SEPLAT's capital is mostly held by Nigerian operators, the company has the legal status of an "indigenous company".
MAUREL & PROM will make an initial investment of US$193 m in SEPLAT, and will undertake necessary measures to facilitate a similar amount to finance the share of the other SEPLAT shareholders. This investment does not require additional public fund raising for MAUREL & PROM. The operating company will receive technical support from MAUREL & PROM to facilitate further development of these assets.
According to Gaffney, Cline and Associates, SEPLAT's share of the transaction would involve 2P (P1+P2) reserves before royalties of 76 Mboe (Oil and condensates). In addition, other fields have been discovered which require further work to enable certification of additional reserves, and an exploration potential which is backed by a set of 2D and 3D seismic lines is yet to be quantified.
During the transition period, the SPDC teams will exploit the fields together with the SEPLAT teams, to ensure a smooth transition and to provide for the full transfer of operations. According to SPDC, the current operator, the estimated production capacity is approximately 50,000 barrels of oil equivalent per day (100%). This does not include development of new fields. Oil production is currently shut down awaiting completion of repairs to the export pipeline. Restart of production is currently expected by mid February 2010. Gas production is sold to the local market.
This document may contain forward-looking statements regarding the financial position, results, business, and industrial strategy of Maurel & Prom. By nature, forward-looking
statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism or sabotage.
Maurel & Prom is listed for trading on Euronext Paris -
Compartment A - CAC mid 100 Index
Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA
Prochains rendez-vous :
02/02/2010 2009 Sales
04/08/2010 2009 Results, analysts meeting
05/20/2010 Annual General meeting
For further information, visit http://www.maureletprom.com
Contact:
INFLUENCES
+33-1-42-72-46-76
communication@agence-influences.fr
Source: Maurel & Prom
Contact: INFLUENCES, +33-1-42-72-46-76, communication@agence-influences.fr
French: Acquisition de 45 % dans le nigérian SEPLAT
Acquisition of 45% Stake in the Nigerian SEPLAT
PARIS, January 29/PRNewswire-FirstCall/ --
- SEPLAT Agrees to Acquire a 45% Stake in OMLs 4, 38 and 41 in Nigeria
SEPLAT PETROLEUM DEVELOPMENT COMPANY LTD (SEPLAT), SHELL PETROLEUM DEVELOPMENT COMPANY of NIGERIA Ltd (SPDC), TOTAL E&P NIGERIA Ltd, and NIGERIA AGIP OIL COMPANY have signed an agreement concerning the acquisition by SEPLAT of a 45% stake in OML 4, 38 and 41 in Nigerian onshore operations. The outstanding 55% stake remains the property of the NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC).
This transaction, which requires the consent of the NNPC, the national oil company, and the approval of the Federal Government of Nigeria, is expected to be completed within the next six months.
MAUREL & PROM acquired a 45% stake in SEPLAT, a Nigerian-registered company. Subsequent to this deal, MAUREL & PROM would own 20.25% of the rights before royalties (20% for oil) in OML 4, 38 and 41. SEPLAT's other shareholders include the Nigerian operators PLATFORM PETROLEUM Ltd (22%) and SHEBAH PETROLEUM DEVELOPMENT COMPANY Ltd (33%). The two companies operate production and exploration assets in Nigeria, as well as a floating production, storage and offloading vessel (FPSO). Given that SEPLAT's capital is mostly held by Nigerian operators, the company has the legal status of an "indigenous company".
MAUREL & PROM will make an initial investment of US$193 m in SEPLAT, and will undertake necessary measures to facilitate a similar amount to finance the share of the other SEPLAT shareholders. This investment does not require additional public fund raising for MAUREL & PROM. The operating company will receive technical support from MAUREL & PROM to facilitate further development of these assets.
According to Gaffney, Cline and Associates, SEPLAT's share of the transaction would involve 2P (P1+P2) reserves before royalties of 76 Mboe (Oil and condensates). In addition, other fields have been discovered which require further work to enable certification of additional reserves, and an exploration potential which is backed by a set of 2D and 3D seismic lines is yet to be quantified.
During the transition period, the SPDC teams will exploit the fields together with the SEPLAT teams, to ensure a smooth transition and to provide for the full transfer of operations. According to SPDC, the current operator, the estimated production capacity is approximately 50,000 barrels of oil equivalent per day (100%). This does not include development of new fields. Oil production is currently shut down awaiting completion of repairs to the export pipeline. Restart of production is currently expected by mid February 2010. Gas production is sold to the local market.
This document may contain forward-looking statements regarding the financial position, results, business, and industrial strategy of Maurel & Prom. By nature, forward-looking
statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism or sabotage.
Maurel & Prom is listed for trading on Euronext Paris -
Compartment A - CAC mid 100 Index
Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA
Prochains rendez-vous :
02/02/2010 2009 Sales
04/08/2010 2009 Results, analysts meeting
05/20/2010 Annual General meeting
For further information, visit http://www.maureletprom.com
Contact:
INFLUENCES
+33-1-42-72-46-76
communication@agence-influences.fr
Source: Maurel & Prom
Contact: INFLUENCES, +33-1-42-72-46-76, communication@agence-influences.fr
French: Acquisition de 45 % dans le nigérian SEPLAT
French Newspaper Issues Apology to Ukrainian Businessman and Political Leader Rinat Akhmetov
29 Jan 2010 01:05 Africa/Lagos
French Newspaper Issues Apology to Ukrainian Businessman and Political Leader Rinat Akhmetov
WASHINGTON, Jan. 28 /PRNewswire-USNewswire/ -- The following was released today by Akin Gump Strauss Hauer & Feld LLP, counsel to Rinat Akhmetov:
The French daily newspaper Le Figaro today issued a retraction of previously published false allegations regarding Rinat Akhmetov, the Ukrainian businessman and political leader, and apologized to Mr. Akhmetov for the untrue information.
The retraction related to an article that was first published in the newspaper's print and electronic editions on January 18, 2010. In a formal statement that appeared in today's edition, Le Figaro acknowledged that "it has no evidence to support" the claims made about Mr. Akhmetov in the article.
Le Figaro further stated that the newspaper "regrets that these claims were made" and formally apologized to Mr. Akhmetov for any harm that he had suffered.
Speaking from Washington, D.C., Mr. Akhmetov's U.S. lawyer, Mark J. MacDougall, stated, "The editors and publisher of Le Figaro have acted responsibly in issuing a swift apology and correcting the false statements published about Mr. Akhmetov."
MacDougall added, "Mr. Akhmetov values his reputation throughout Europe, and today's action by Le Figaro recognizes that Mr. Akhmetov's good name was put at risk when false accusations were published."
Mr. Akhmetov is the principal shareholder of System Capital Management, one of the largest industrial companies in Ukraine.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 800 lawyers and advisors in the United States, Europe, Asia and the Middle East.
Source: Akin Gump Strauss Hauer & Feld LLP
CONTACT: Lauren Kerwin of Akin Gump Strauss Hauer & Feld LLP,
+1-202-887-4435, lkerwin@akingump.com
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Ernst & Young LLP Quarterly IPO Pipeline Report Shows the Most New Registrants in Two Years
Bill and Melinda Gates Pledge $10 Billion in Call for Decade of Vaccines
Super Bowl
French Newspaper Issues Apology to Ukrainian Businessman and Political Leader Rinat Akhmetov
WASHINGTON, Jan. 28 /PRNewswire-USNewswire/ -- The following was released today by Akin Gump Strauss Hauer & Feld LLP, counsel to Rinat Akhmetov:
The French daily newspaper Le Figaro today issued a retraction of previously published false allegations regarding Rinat Akhmetov, the Ukrainian businessman and political leader, and apologized to Mr. Akhmetov for the untrue information.
The retraction related to an article that was first published in the newspaper's print and electronic editions on January 18, 2010. In a formal statement that appeared in today's edition, Le Figaro acknowledged that "it has no evidence to support" the claims made about Mr. Akhmetov in the article.
Le Figaro further stated that the newspaper "regrets that these claims were made" and formally apologized to Mr. Akhmetov for any harm that he had suffered.
Speaking from Washington, D.C., Mr. Akhmetov's U.S. lawyer, Mark J. MacDougall, stated, "The editors and publisher of Le Figaro have acted responsibly in issuing a swift apology and correcting the false statements published about Mr. Akhmetov."
MacDougall added, "Mr. Akhmetov values his reputation throughout Europe, and today's action by Le Figaro recognizes that Mr. Akhmetov's good name was put at risk when false accusations were published."
Mr. Akhmetov is the principal shareholder of System Capital Management, one of the largest industrial companies in Ukraine.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 800 lawyers and advisors in the United States, Europe, Asia and the Middle East.
Source: Akin Gump Strauss Hauer & Feld LLP
CONTACT: Lauren Kerwin of Akin Gump Strauss Hauer & Feld LLP,
+1-202-887-4435, lkerwin@akingump.com
Hot Topics
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Earthquake in Haiti
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Bill and Melinda Gates Pledge $10 Billion in Call for Decade of Vaccines
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Africans for Haiti
For Immediate Publication:
Africans For Haiti: Board Members and Patrons Needed For The "Microfinance For Haiti (MFH) "African Solidarity Project.
As you are rightly aware, once the TV cameras leave Haiti, most of those groups competing for headlines-grabbing photo opportunities with quake survivors will leave. This is not the first disaster for Haiti through promises where made and broken.
Respected Africans in persons of Madame Graca Mandela and Professor Chinua Achebe have called for an African Solidarity with our Haitian brothers and sisters.
To support the quake victims rebuild their lives bottom-up over the medium or long term (sustainability), I have initiated the Microfinance For Haiti (MFH) solidarity project of my NGO the African Council for Arts and Culture eV., Germany. It is part of my action for the Africans for Haiti call from the Diaspora point of view.
There are four (4) more seats available on the Board and you can occupy any of them as you dee fit.
The target beneficiaries of my Microfinance For Haiti (MFH) are primarily widows, petty traders,artisans and other enterprising survivors who need to rebuild their small businesses from scratch. You can sponsor a widow start a small business through MFH as an alternative to a seat on the Board.
http://www.microfinanceforhaiti.org/SponsoraWidowinHaiti.html
I remain at your disposal for further details while looking forward to a lasting cooperation in other appropriate forms for Haiti.
Bubacarr Sankanu
Founder,
Microfinance For Haiti (MFH)
Tel.: +49(0)177-484-2957
Email: sankanu@microfinanceforhaiti.org
www.microfinanceforhaiti.org
Africans For Haiti: Board Members and Patrons Needed For The "Microfinance For Haiti (MFH) "African Solidarity Project.
As you are rightly aware, once the TV cameras leave Haiti, most of those groups competing for headlines-grabbing photo opportunities with quake survivors will leave. This is not the first disaster for Haiti through promises where made and broken.
Respected Africans in persons of Madame Graca Mandela and Professor Chinua Achebe have called for an African Solidarity with our Haitian brothers and sisters.
To support the quake victims rebuild their lives bottom-up over the medium or long term (sustainability), I have initiated the Microfinance For Haiti (MFH) solidarity project of my NGO the African Council for Arts and Culture eV., Germany. It is part of my action for the Africans for Haiti call from the Diaspora point of view.
There are four (4) more seats available on the Board and you can occupy any of them as you dee fit.
The target beneficiaries of my Microfinance For Haiti (MFH) are primarily widows, petty traders,artisans and other enterprising survivors who need to rebuild their small businesses from scratch. You can sponsor a widow start a small business through MFH as an alternative to a seat on the Board.
http://www.microfinanceforhaiti.org/SponsoraWidowinHaiti.html
I remain at your disposal for further details while looking forward to a lasting cooperation in other appropriate forms for Haiti.
Bubacarr Sankanu
Founder,
Microfinance For Haiti (MFH)
Tel.: +49(0)177-484-2957
Email: sankanu@microfinanceforhaiti.org
www.microfinanceforhaiti.org
Friday, January 29, 2010
U.S. Two-Prong Strategy with Yemen Government to Provide Security and Thwart Terrorism on the Arabian Peninsula
26 Jan 2010 00:56 Africa/Lagos
U.S. Two-Prong Strategy with Yemen Government to Provide Security and Thwart Terrorism on the Arabian Peninsula
DATELINE CITY: 25 January, 2010/Washington, D.C.
FORMAT: (2) Soundbites
STORY SUMMARY: State Department's Coordinator for Counterterrorism, Daniel Benjamin comments on the U.S. - Yemen strategy for success against the terrorism in the Arabian Peninsula.
RESOURCES More available at http://thedigitalcenter.com/projects/1442-us-two-prong-strategy-with-yemen-gov ernment-to-provide-security-and-thwart-terrorism-on-the-arabian-peninsula
http://www.state.gov/
http://www.state.gov/r/pa/prs/dpb/2010/index.htm
http://www.state.gov/r/pa/ei/speeches/2010/index.htm
(2) SOUNDBITES / VIDEO:
Daniel Benjamin, Coordinator for Counterterrorism
Soundbite (1)
Summary: Ambassador Benjamin says that the U.S. two-prong strategy with the Yemen government, aimed at security threats and very serious economic problems, will be fruitful for both countries.
IN: "It is very much a two prong strategy we have, first of all there's been a lot of attention paid to the work we're doing with the Yemeni Government to increase paid its ability to take care of its own Security threats and to take on in particular Al-Qaeda in the Arabian Peninsula that is vitally important but we also know that if we're going to have a sustainable long-term engagement with Yemen if we're going to deal with the threat that it faces and we face as well. It's going to require a sustained engagement to deal with that country's very serious economic problems particularly the depletion of natural resources; it's got serious demographic challenges. Water, a depleting water table and also its governance problems and social issues and so our assistance is very much aimed at doing that very well." OUT TRT: 56
Daniel Benjamin, Coordinator for Counterterrorism
Soundbite (2)
Summary: Ambassador Benjamin says that the Obama Administration is very pleased by the strong stance Yemen has taken against Al-Qaeda.
IN: "We are very pleased by the strong stance that President Salih and his government have taken in terms of confronting Al-Qaeda, particularly since the December 17th engagements, operations that have continued through until this month. But I should also note that this is not - it may appear on the surface to be a suddenly new involvement in things Yemeni for the United States. But in fact, this Administration has been engaged on Yemen really since the very beginning. The new Administration came in and recognized early on that Al-Qaeda in the Arabian Peninsula was gaining strength and was going to pose a significant terrorist threat and ordered up a comprehensive policy review to ensure that we were using all the tools at our power to deal with the terrorist threat there. That review was completed in the fall. OUT TRT: 1:10
Total TRT: 2:19
VIDEO PROVIDED BY: U.S. Department of Defense and Department of State
FOR TECHNICAL INFORMATION OR HARD COPY, PLEASE E-MAIL: digitalcenter@multivu.com
Media Contact: Ken Richards, +1-202-647-6251, richardskn@state.gov
/PRNewswire -- Jan. 25/
Video: http://thedigitalcenter.com/projects/1442-us-two-prong-strategy-with-yemen-government-to-provide-security-and-thwart-terrorism-on-the-arabian-peninsula
Source: U.S. Department of State
Web Site: http://www.state.gov/
Former Willbros International Executives Sentenced to Prison for Their Roles in $6 Million Nigerian Bribery Scandal
29 Jan 2010 00:46 Africa/Lagos
Former Willbros International Executives Sentenced to Prison for Their Roles in $6 Million Foreign Bribery Scheme
WASHINGTON, Jan. 28 /PRNewswire-USNewswire/ -- Two former executives of Willbros International Inc. (WII), a subsidiary of Houston-based Willbros Group Inc. (Willbros), were sentenced today for their roles in a conspiracy to pay more than $6 million in bribes to government officials of the Federal Republic of Nigeria and officials from a Nigerian political party, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and Acting Assistant Director in Charge John G. Perren of the FBI's Washington Field Office.
Jason Edward Steph, 40, was sentenced today to 15 months in prison by U.S. District Court Judge Simeon T. Lake III in Houston. In addition to the prison sentence, Judge Lake ordered Steph to serve two years of supervised release following his prison term and to pay a $2,000 fine. The court acknowledged at the sentencing hearing the assistance Steph provided in ongoing investigations.
Jim Bob Brown, 48, was sentenced today to 12 months and one day in prison by Judge Lake. In addition to the prison sentence, Judge Lake ordered Brown to serve two years of supervised release following his prison term and to pay a fine of $1,000 per month while Brown is on supervised release. The court acknowledged at the sentencing hearing the assistance Brown provided in ongoing investigations.
Steph and Brown both had pleaded guilty to one count of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) before Judge Lake in U.S. District Court for the Southern District of Texas. In pleading guilty, Steph and Brown admitted that Willbros, a publicly traded company that provides construction, engineering and other services in the oil and gas industry, conducted its international operations through WII and that they were both employees of WII. Steph admitted that beginning in approximately late 2003, he conspired with others to make a series of corrupt payments totaling more than $6 million to various Nigerian officials and officials from a Nigerian political party to assist Willbros in obtaining and retaining the Eastern Gas Gathering System (EGGS) Project, which was valued at approximately $387 million.
Steph also admitted that in early 2005, he, along with former WII executive Brown and others, arranged for the payment of approximately $1.8 million in cash to government officials in Nigeria to further the conspiracy. Steph admitted that in order to make these payments, he obtained $550,000 in cash from another co-conspirator for the purpose of paying that money to Nigerian government officials. He also admitted that he obtained approximately $350,000 from a petty cash account, which was raised over several weeks by falsely inflating petty cash funding requests transmitted to Willbros and by covering the inflated amounts with invoices from fictitious vendors representing purportedly legitimate business expenses.
Brown admitted that in early 2005, he conspired with others to pay bribes to government officials in Nigeria for the purpose of retaining the EGGS Project. Brown admitted that to further this conspiracy, he, with the assistance of others, obtained a suitcase filled with $1 million in cash from WII's German construction company partner, which Brown then paid to another co-conspirator for the purpose of forwarding that money to Nigerian government officials.
Brown also admitted that in at least 1996 and continuing through at least 2004, he conspired with others to negotiate lower federal and state tax obligations in exchange for corrupt, "under the table" payments to Nigerian revenue officials, including officials responsible for auditing and enforcing taxes, for the purpose of obtaining or retaining business and for securing an improper advantage. Brown admitted he also conspired with others to make corrupt payments to officials of the Nigerian judicial system in exchange for favorable action on pending cases, for the purpose of obtaining or retaining business and for securing an improper advantage.
Additionally, Brown admitted to making at least $300,000 in corrupt payments to Ecuadorian government officials affiliated with PetroEcuador and PetroCommercial, for the purpose of obtaining and retaining business for Willbros, WII and others, including the Proyecto Santo Domingo project. In connection with the Ecuador transaction, Brown and others agreed to pay $150,000 to the Ecuadorian officials up front and $150,000 at the project's conclusion.
To date, in addition to Steph and Brown, the prosecution in this matter also includes:
On Nov. 12, 2009, former WII consultant Paul Novak pleaded guilty to one count of conspiracy to violate the FCPA and one substantive count of violating the FCPA, in connection with his role in paying bribes to Nigerian government officials. Novak's sentencing is currently scheduled for July 9, 2010.
On Dec. 19, 2008, an indictment was unsealed against former Willbros executive Kenneth Tillery, charging him with conspiring to make more than $6.3 million in bribe payments to Nigerian and Ecuadoran officials; two individual counts of violating the FCPA in connection with the authorization of specific corrupt payments to officials in those countries; and one count of conspiring to launder the bribe payments through purported consulting companies. He remains a fugitive.
On May 14, 2008, Willbros entered into a deferred prosecution agreement and agreed to pay a $22 million criminal penalty, in connection with the company's payment of bribes to government officials in Nigeria and Ecuador.
This case was prosecuted by Assistant Chief Hank Bond Walther and Trial Attorney Laura N. Perkins of the Criminal Division's Fraud Section and investigated by the FBI's Washington Field Office squad that specializes in investigations of FCPA violations.
Source: U.S. Department of Justice
CONTACT: U.S. Department of Justice Office of Public Affairs,
+1-202-514-2007, TDD +1-202-514-1888
Web Site: http://www.justice.gov/
Releases displayed in Africa/Lagos time
29 Jan 2010
00:46
Former Willbros International Executives Sentenced to Prison for Their Roles in $6 Million Foreign Bribery Scheme
28 Jan 2010
13:18
Nokia Q4 2009 Net Sales EUR 12.0 Billion, Non-IFRS EPS EUR 0.25 (Reported EPS EUR 0.26)
13:00
Bristow Group to Present at the 2010 Credit Suisse Energy Summit
02:45
Global Health Initiative Working Group Media Advisory: Experts Available for Comment on the State of the Union Address
Former Willbros International Executives Sentenced to Prison for Their Roles in $6 Million Foreign Bribery Scheme
WASHINGTON, Jan. 28 /PRNewswire-USNewswire/ -- Two former executives of Willbros International Inc. (WII), a subsidiary of Houston-based Willbros Group Inc. (Willbros), were sentenced today for their roles in a conspiracy to pay more than $6 million in bribes to government officials of the Federal Republic of Nigeria and officials from a Nigerian political party, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and Acting Assistant Director in Charge John G. Perren of the FBI's Washington Field Office.
Jason Edward Steph, 40, was sentenced today to 15 months in prison by U.S. District Court Judge Simeon T. Lake III in Houston. In addition to the prison sentence, Judge Lake ordered Steph to serve two years of supervised release following his prison term and to pay a $2,000 fine. The court acknowledged at the sentencing hearing the assistance Steph provided in ongoing investigations.
Jim Bob Brown, 48, was sentenced today to 12 months and one day in prison by Judge Lake. In addition to the prison sentence, Judge Lake ordered Brown to serve two years of supervised release following his prison term and to pay a fine of $1,000 per month while Brown is on supervised release. The court acknowledged at the sentencing hearing the assistance Brown provided in ongoing investigations.
Steph and Brown both had pleaded guilty to one count of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) before Judge Lake in U.S. District Court for the Southern District of Texas. In pleading guilty, Steph and Brown admitted that Willbros, a publicly traded company that provides construction, engineering and other services in the oil and gas industry, conducted its international operations through WII and that they were both employees of WII. Steph admitted that beginning in approximately late 2003, he conspired with others to make a series of corrupt payments totaling more than $6 million to various Nigerian officials and officials from a Nigerian political party to assist Willbros in obtaining and retaining the Eastern Gas Gathering System (EGGS) Project, which was valued at approximately $387 million.
Steph also admitted that in early 2005, he, along with former WII executive Brown and others, arranged for the payment of approximately $1.8 million in cash to government officials in Nigeria to further the conspiracy. Steph admitted that in order to make these payments, he obtained $550,000 in cash from another co-conspirator for the purpose of paying that money to Nigerian government officials. He also admitted that he obtained approximately $350,000 from a petty cash account, which was raised over several weeks by falsely inflating petty cash funding requests transmitted to Willbros and by covering the inflated amounts with invoices from fictitious vendors representing purportedly legitimate business expenses.
Brown admitted that in early 2005, he conspired with others to pay bribes to government officials in Nigeria for the purpose of retaining the EGGS Project. Brown admitted that to further this conspiracy, he, with the assistance of others, obtained a suitcase filled with $1 million in cash from WII's German construction company partner, which Brown then paid to another co-conspirator for the purpose of forwarding that money to Nigerian government officials.
Brown also admitted that in at least 1996 and continuing through at least 2004, he conspired with others to negotiate lower federal and state tax obligations in exchange for corrupt, "under the table" payments to Nigerian revenue officials, including officials responsible for auditing and enforcing taxes, for the purpose of obtaining or retaining business and for securing an improper advantage. Brown admitted he also conspired with others to make corrupt payments to officials of the Nigerian judicial system in exchange for favorable action on pending cases, for the purpose of obtaining or retaining business and for securing an improper advantage.
Additionally, Brown admitted to making at least $300,000 in corrupt payments to Ecuadorian government officials affiliated with PetroEcuador and PetroCommercial, for the purpose of obtaining and retaining business for Willbros, WII and others, including the Proyecto Santo Domingo project. In connection with the Ecuador transaction, Brown and others agreed to pay $150,000 to the Ecuadorian officials up front and $150,000 at the project's conclusion.
To date, in addition to Steph and Brown, the prosecution in this matter also includes:
On Nov. 12, 2009, former WII consultant Paul Novak pleaded guilty to one count of conspiracy to violate the FCPA and one substantive count of violating the FCPA, in connection with his role in paying bribes to Nigerian government officials. Novak's sentencing is currently scheduled for July 9, 2010.
On Dec. 19, 2008, an indictment was unsealed against former Willbros executive Kenneth Tillery, charging him with conspiring to make more than $6.3 million in bribe payments to Nigerian and Ecuadoran officials; two individual counts of violating the FCPA in connection with the authorization of specific corrupt payments to officials in those countries; and one count of conspiring to launder the bribe payments through purported consulting companies. He remains a fugitive.
On May 14, 2008, Willbros entered into a deferred prosecution agreement and agreed to pay a $22 million criminal penalty, in connection with the company's payment of bribes to government officials in Nigeria and Ecuador.
This case was prosecuted by Assistant Chief Hank Bond Walther and Trial Attorney Laura N. Perkins of the Criminal Division's Fraud Section and investigated by the FBI's Washington Field Office squad that specializes in investigations of FCPA violations.
Source: U.S. Department of Justice
CONTACT: U.S. Department of Justice Office of Public Affairs,
+1-202-514-2007, TDD +1-202-514-1888
Web Site: http://www.justice.gov/
Releases displayed in Africa/Lagos time
29 Jan 2010
00:46
Former Willbros International Executives Sentenced to Prison for Their Roles in $6 Million Foreign Bribery Scheme
28 Jan 2010
13:18
Nokia Q4 2009 Net Sales EUR 12.0 Billion, Non-IFRS EPS EUR 0.25 (Reported EPS EUR 0.26)
13:00
Bristow Group to Present at the 2010 Credit Suisse Energy Summit
02:45
Global Health Initiative Working Group Media Advisory: Experts Available for Comment on the State of the Union Address
Thursday, January 28, 2010
Essence Celebrates 40th Anniversary in 2010: Where Black Women Come First
28 Jan 2010 15:15 Africa/Lagos
Essence Celebrates 40th Anniversary in 2010: Where Black Women Come First
Year Long Tribute Kicks Off During Black History Month ESSENCE Magazine Commemorative 40th Anniversary Issue in September
NEW YORK, Jan. 28 /PRNewswire/ -- ESSENCE will mark its 40th anniversary in 2010; beginning a year long celebration in honor of African-American women during Black History Month. Specifically, ESSENCE will commemorate its 40th anniversary with initiatives aimed at helping Black women put themselves first, including new ESSENCE magazine features, Essence.com content and a series of special "ESSENCE Presents" events.
"ESSENCE will celebrate its 40th anniversary all year long by touting what Black women have accomplished, and, more importantly, helping her to shape her perspective on the future. With three generations of Black women now represented in the White House, and African-American women making enormous strides both professionally and personally - studies show that African-American women feel more optimistic and powerful than ever before," said Essence Communications Inc. President Michelle Ebanks. "Because ESSENCE empowers her to put herself first, Black women are poised to be happier, healthier, and more fulfilled - as she strives to reach her full potential."
Throughout the year, ESSENCE magazine will debut new features, profiles and celebrity columns each month, and Essence.com will unveil new video programs, flashbacks and exclusive interviews daily. In addition, ESSENCE is presenting several special events throughout the year to commemorate its 40th anniversary - including ESSENCE Presents Black Women in Music during Grammy week, ESSENCE Presents Black Women in Hollywood during Oscar week, and the signature 16th annual Essence Music Festival during 4th of July weekend in New Orleans.
"Beginning our celebration during Black History Month provides the perfect context for us to note the significant achievements of Black women, as well as renew our commitment to the ESSENCE legacy of offering information, inspiration and unconditional affirmation," said Angela Burt-Murray, Editor-in-Chief, ESSENCE. "As the place 'Where Black Women Come First', ESSENCE is dedicated to strengthening African-American women, and by extension African-American families and African-American communities."
The celebration culminates with the ESSENCE magazine commemorative 40th anniversary collector's edition issue in September 2010.
About Essence Communications Inc.:
Essence Communications Inc. (ECI) is the leading media and communications company dedicated to African-American women. With a multi-platform presence in publishing, live events, and online, the Essence brand is "Where Black Women Come First". The company's flagship publication, ESSENCE magazine, is the preeminent lifestyle magazine for African-American women; generating brand extensions such as the Essence Music Festival, the ESSENCE Black Women in Hollywood Luncheon, Window on Our Women (WOW I & II) and Smart Beauty I, II & III consumer insights, the Essence Book Club, Essence.com, and ventures in digital media (mobile, television and VOD). For 40 years, ESSENCE magazine, which has a readership of 8.1 million, has been the leading source of cutting-edge information relating to every area of African-American women's lives. Additional information about ECI and ESSENCE is available at essence.com.
Source: ESSENCE
CONTACT: Dana Baxter, +1-212-522-1634, dbaxter@essence.com; or Sheila
Harris, +1-212-522-1089, sharris@essence.com, both of ESSENCE
Web Site: http://www.essence.com/
From Essence with Love
alicia keys barack obama beyonce beyonce knowles black love black women bridal bliss chanel iman chris brown chris henry ciara diddy earthquake fashion first lady michelle obama hair haiti haiti earthquake halle berry health holiday iman janet jackson jay-z jennifer hudson joy bryant kelly rowland keri hilson love mariah carey marriage mary j blige mary j. blige michael jackson michelle obama mo'nique music obama oprah oprah winfrey paula patton poll precious president barack obama president obama princess and the frog real housewives of atlanta relationships rihanna sex solange star gazing steve harvey tiger woods tyra banks usher wedding white house will you marry me zoe saldana
Essence Celebrates 40th Anniversary in 2010: Where Black Women Come First
Year Long Tribute Kicks Off During Black History Month ESSENCE Magazine Commemorative 40th Anniversary Issue in September
NEW YORK, Jan. 28 /PRNewswire/ -- ESSENCE will mark its 40th anniversary in 2010; beginning a year long celebration in honor of African-American women during Black History Month. Specifically, ESSENCE will commemorate its 40th anniversary with initiatives aimed at helping Black women put themselves first, including new ESSENCE magazine features, Essence.com content and a series of special "ESSENCE Presents" events.
"ESSENCE will celebrate its 40th anniversary all year long by touting what Black women have accomplished, and, more importantly, helping her to shape her perspective on the future. With three generations of Black women now represented in the White House, and African-American women making enormous strides both professionally and personally - studies show that African-American women feel more optimistic and powerful than ever before," said Essence Communications Inc. President Michelle Ebanks. "Because ESSENCE empowers her to put herself first, Black women are poised to be happier, healthier, and more fulfilled - as she strives to reach her full potential."
Throughout the year, ESSENCE magazine will debut new features, profiles and celebrity columns each month, and Essence.com will unveil new video programs, flashbacks and exclusive interviews daily. In addition, ESSENCE is presenting several special events throughout the year to commemorate its 40th anniversary - including ESSENCE Presents Black Women in Music during Grammy week, ESSENCE Presents Black Women in Hollywood during Oscar week, and the signature 16th annual Essence Music Festival during 4th of July weekend in New Orleans.
"Beginning our celebration during Black History Month provides the perfect context for us to note the significant achievements of Black women, as well as renew our commitment to the ESSENCE legacy of offering information, inspiration and unconditional affirmation," said Angela Burt-Murray, Editor-in-Chief, ESSENCE. "As the place 'Where Black Women Come First', ESSENCE is dedicated to strengthening African-American women, and by extension African-American families and African-American communities."
The celebration culminates with the ESSENCE magazine commemorative 40th anniversary collector's edition issue in September 2010.
About Essence Communications Inc.:
Essence Communications Inc. (ECI) is the leading media and communications company dedicated to African-American women. With a multi-platform presence in publishing, live events, and online, the Essence brand is "Where Black Women Come First". The company's flagship publication, ESSENCE magazine, is the preeminent lifestyle magazine for African-American women; generating brand extensions such as the Essence Music Festival, the ESSENCE Black Women in Hollywood Luncheon, Window on Our Women (WOW I & II) and Smart Beauty I, II & III consumer insights, the Essence Book Club, Essence.com, and ventures in digital media (mobile, television and VOD). For 40 years, ESSENCE magazine, which has a readership of 8.1 million, has been the leading source of cutting-edge information relating to every area of African-American women's lives. Additional information about ECI and ESSENCE is available at essence.com.
Source: ESSENCE
CONTACT: Dana Baxter, +1-212-522-1634, dbaxter@essence.com; or Sheila
Harris, +1-212-522-1089, sharris@essence.com, both of ESSENCE
Web Site: http://www.essence.com/
From Essence with Love
alicia keys barack obama beyonce beyonce knowles black love black women bridal bliss chanel iman chris brown chris henry ciara diddy earthquake fashion first lady michelle obama hair haiti haiti earthquake halle berry health holiday iman janet jackson jay-z jennifer hudson joy bryant kelly rowland keri hilson love mariah carey marriage mary j blige mary j. blige michael jackson michelle obama mo'nique music obama oprah oprah winfrey paula patton poll precious president barack obama president obama princess and the frog real housewives of atlanta relationships rihanna sex solange star gazing steve harvey tiger woods tyra banks usher wedding white house will you marry me zoe saldana
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