WASHINGTON, Feb. 11, 2014 (GLOBE NEWSWIRE) -- The United States Hispanic Chamber of Commerce (USHCC) congratulates Verizon Communications Inc., a longstanding partner of the USHCC, for successfully trading $500 million in retail notes last week, and proudly recognizes the Hispanic-owned businesses investing on the transaction as underwriters. Verizon plans to release its notes on the New York Stock Exchange in the coming month.
"The USHCC applauds Verizon for, once again, exhibiting inclusive and sound business practices that not only help the bottom line — but most importantly — empower our nation's diverse small business community. This move will allow numerous minority-owned firms to invest in one of the globe's leading telecommunications brands, resulting in sustainable growth that will take these firms to the perennial next level of success," said USHCC President & CEO Javier Palomarez.
Verizon is a founding member of the Billion Dollar Roundtable (BDR), and has spent over $20 billion with diverse suppliers in the past five years, alone. The company's issuing of bonds to Hispanic — and other minority-owned firms — is yet another example of its strong commitment to provide procurement opportunities to minority-owned businesses.
Verizon Communications Inc. (Nasdaq:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with nearly 103 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. A Dow 30 company with more than $120 billion in 2013 revenues, Verizon employs a diverse workforce of 176,800. For more information, visit www.verizon.com.
About the USHCC
Founded in 1979, the USHCC actively promotes the economic growth and development of our nation's entrepreneurs. The USHCC advocates on behalf of nearly 3.2 million Hispanic-owned businesses, that together contribute in excess of $468 billion to the American economy, each year. As the leading organization of its kind, the USHCC serves as an umbrella to more than 200 local chambers and business associations across the nation, and partners with more than 220 major corporations.
For more information, visit www.ushcc.com
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CONTACT: Valentina Pereda USHCC Director of Communications 202-489-2932Source:United States Hispanic Chamber of Commerce