ASUR Launches First-Ever International Tender for Retail Concessions At Three Mexican Airports.Business Editors MEXICO Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. CITY--(BUSINESS WIRE)--Dec. 19, 2000 Grupo Aeroportuario del Sureste, S.A. de C.V. (ASUR)(NYSE NYSE See: New York Stock Exchange : ASR (Automatic Speech Recognition) Using voice recognition to replace keypad entry for telephone voice menus. Typically used to speak the digits 0 through 9 insted of keying them, ASR systems may be able to recognize a limited vocabulary. See voice recognition and AVSR. ; BVM BVM abbr. Blessed Virgin Mary : ASUR), the operator of nine airports in the southeastern region of Mexico, launched the first-ever international tender for retail concessions. The agreement will cover ASUR's three largest airports, Cancun, Cozumel and Merida - International airports for 10 years of operation. The winner of the tender will be announced in February 2001. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the terms of the tender, the winner will operate all retail shops, with the exception of newspaper and magazine stores, at the three airports. Under the terms of the tender, the winner will develop shops with several retail concepts, including duty-free (traditional concepts, luxury retail and delicatessen) and furthermore duty-paid such as destination retail and specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. retail stores. ASUR will analyze the bids submitted to the retail tender while construction projects at the airports are underway. Construction work, which also will result in a general improvement of the image and design of the three airports, is expected to be completed by the end of the third quarter of 2001. Frantz Guns, ASUR's chief executive officer, said: "In our industry, retail is undoubtedly one of the most important generators of commercial revenues. With the objective to secure the best operator of retail shops for our airports, we have invited leading international operators with either considerable Latin America-specific or global retail experience. The winner will partner with us in implementing the best retailing concepts of today and tomorrow, allowing us to tailor A tailor is a person whose occupation is to sew menswear style jackets and the skirts or trousers that go with them. Although the term dates to the thirteenth century, tailor retail shops to the specific passenger segments that fly through our airports." Among the companies ASUR invited to participate in the retail tender were Weitnauer America, Inc. (USA), The Nuance nu·ance n. 1. A subtle or slight degree of difference, as in meaning, feeling, or tone; a gradation. 2. Expression or appreciation of subtle shades of meaning, feeling, or tone: Group AG (Switzerland), Interbaires, S.A. (Argentina), Brasif Duty Free Shop Ltda. (Brasil), Aldeasa, S.A. (Spain), Waked Internacional, S.A. (Panama), Motta Internacional, S.A. (Panama). "Once the retail operations are up and running," continued Mr. Guns, "we expect that commercial revenues, as a component of our total sales, will increase significantly. We expect commercial revenues to account for up to 25 to 30 percent of revenues by 2003-2004, from around eight percent today. "Among other things, this tender is remarkably large, as twenty shops are put up for tender," added Mr. Guns. Following is a breakdown of the shops included under the tender: - Cancun International Airport - three traditional duty- and tax-free shops; two luxury duty- and tax-free shops; one Mexican duty- and tax-free delicatessen shop; three selected retail shops; two destination shops. - Cozumel - one traditional duty- and tax-free shop; one luxury duty- and tax-free shop; two destination shops. - Merida - one traditional duty- and tax-free shop; one luxury duty- and tax-free shop; three selected retail shops; two destination shops This is the second in a series of tenders involving different business lines that ASUR will implement over the next six to twelve months. Earlier this month, ASUR announced that Controladora Mera, S.A. de C.V, a Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum that specializes in operating restaurants, won the tender for the food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. concession at Cancun, Cozumel, and Merida airports. About ASUR Grupo Aeroportuario del Sureste, S.A. de C.V. (ASUR) is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. The company is listed both on the Mexican Bolsa Bolsa Spanish for stock exchange. , where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares. Some of the statements contained in this press release discuss future expectations or state other "forward-looking" information. Those statements are subject to risks identified in this press release and in ASUR's filings with the SEC. Actual developments could differ significantly from those contemplated in these forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The forward-looking information is based on various factors and was derived using numerous assumptions. Our forward-looking statements speak only as of the date they are made, and, except as may be required by applicable law, we do not have an obligation to update or revise them, whether as a result of new information, future events or otherwise. |
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