MIAMI, Nov. 18 /PRNewswire/ -- Radio Unica Communications Corp.
(Nasdaq: UNCA) announced today that Leonard S. Coleman, Jr. and
Richard E. Dillon will join the Company's Board of Directors, effective
November 18, 1999. This brings the Board of Directors to eight members.
Leonard S. Coleman, Jr.
A business executive with broad experience, Mr. Coleman, Jr. has served as
President of the National League of Major League Baseball since 1994. He
previously served in the New Jersey government cabinet as Commissioner of
Energy and as Commissioner of the New Jersey Department of Community Affairs,
where he headed a $250 million annual program.
Mr. Coleman, Jr. also currently serves on the Board of Directors of the
Omnicom Group, H.J. Heinz Company, Cendant Corporation, Avis Rent a Car, Inc.,
Owens Corning and New Jersey Resources. He is also a director of a number of
non-profit organizations, including the Advisory Board of the Martin Luther
King, Jr. Center for Non-Violent Social Change; The Metropolitan Opera; The
Schumann Fund; The Clark Foundation; the Children's Defense Fund and Seton
Hall University. Mr. Coleman is also Chairman of the Jackie Robinson
Foundation.
Richard E. Dillon
In 1976, Mr. Dillon founded Mendoza Dillon, an advertising agency
specializing in the U.S. Hispanic market. The agency's blue chip client
portfolio included General Foods, Johnson & Johnson, Ford Motor Company,
Sears, Roebuck and Co., and Miller Brewing Company. Prior to establishing his
company, Mr. Dillon was President of Johnson & Johnson, Mexico, and held
senior marketing and management positions with General Foods in the U.S. and
Mexico. He also served as President of Squibb Beechnut Life Savers, Canada.
Mr. Dillon recently joined Dillon, Allman & Partners, an adverting agency
founded by his daughter that specializes in the healthcare industry.
Commenting on today's news, Joaquin Blaya, Chairman and Chief Executive
Officer of Radio Unica, stated, "We are delighted to welcome these two
distinguished executives to Radio Unica's Board of Directors. Leonard brings
a strong business background to our Company, including a wealth of experience
in community and public affairs. At the same time, Dick is one of the true
pioneers in marketing to Hispanics in America. We certainly intend to
leverage each gentlemen's unique expertise as we continue to grow our Company
going forward."
Radio Unica recently completed its initial public offering of 6,840,000
shares of common stock at $16.00 per share -- raising total gross proceeds of
approximately $109 million. The Company has approximately 20,943,000 common
shares outstanding.
Radio Unica Communications Corp. is the only national Spanish-language
radio network in the country and reaches approximately 80% of Hispanic USA
through a group of owned and/or operated stations and affiliates located
nationwide. The Company's operations include the Radio Unica Network and an
owned and/or operated station group covering the top U.S. Hispanic markets
including Los Angeles, New York, Miami, San Francisco, Chicago, Houston,
San Antonio, Dallas, Phoenix and Denver. Radio Unica owns the exclusive U.S.
Spanish-language radio broadcast rights to the 2000 and 2004 Summer Olympics,
World Cup Championship of Club Teams 2000, 2001 and 2002, Copa Oro 2000 and
2002, Copa America 2001, and the World Cup 2002 qualifying matches, in
addition to the 2000 NBA Finals and the 2000 NBA All-Star Game.
This press release contains forward-looking information based upon the
Company's current best judgment and expectations. Actual results could vary
from those presented herein. The risks and uncertainties associated with the
forward-looking information include economic factors, the success of
programming and sales strategies and other business factors. For further
information, please refer to the Company's filings with the Securities and
Exchange Commission.
For more information on Radio Unica, via fax at no charge, please dial
1-800-PRO-INFO and enter the company code UNCA, or visit our web sites at
http://www.radiounica.com and http://www.frbinc.com .
SOURCE Radio Unica Communications
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Related links:
http://www.radiounica.com
CONTACT:
Marilyn Fajardo or Eileen Perez, both of
Radio Unica Communications, 305-463-5140, 5141,
mfajardo@radiounica.com; Media, Dave Closs, Analysts, Elizabeth
Eakeley, or General, Paula Schwartz, all of The Financial
Relations Board, 212-661-8030
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