Western Union Expands Community Development Initiative Throughout Mexico.4+1 Program Will Allocate $1.25 Million to Five Mexican States for Various Economic and Community Development Projects ENGLEWOOD, Colo. ENGLEWOOD, Colo. -- The Western Union Company (NYSE NYSE See: New York Stock Exchange : WU), a leader in global money transfer services, announced today the expansion of the 4+1 Program to the State of Veracruz. Since last year, Western Union has been working with federal, state and local officials in Mexico to implement this pioneering initiative, supporting economic development projects across local communities in Zacatecas and four other Mexican states. For the second time in less than a year, Christina Gold, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Western Union, visited Mexico to meet with key Western Union Agents and top government officials involved in economic development and the remittance industry. In addition to the 4+1 Program, they discussed matters regarding social responsibility and competition within the Mexican market. "Western Union is deeply committed to all the communities we serve around the globe, and Mexico is no exception," said Mario Hernandez, Director of Public Affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. , Western Union, who accompanied Ms. Gold on her trip to Mexico. "Our dedication to the Latin American and U.S. Hispanic consumer grows stronger every day, through our corporate giving campaigns, improved service and lower rates." In the initial stages of the program, Western Union donated funds for eight projects in Zacatecas communities. These included an eco-tourism park, fruit and vegetable processing, nopal nopal (nō·pälˑ), n Latin name: Opuntia streptacantha Lemaire, Opuntia ficus indica; farming, agribusiness equipment, a pork farm and a computer assembly plant. In all, Western Union will contribute at least $1.25 million to these and other projects in several Mexican states. The 4+1 program is an extension of the 3X1 Program, established by the Mexican government in partnership with Mexican Hometown Associations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Western Union Company is the first private-sector company to participate. "Western Union is helping the community here on many levels," said Esthela Valencia, President of Zacatecano Federation of Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . "Not only have they made it easier to send money to our families, but they continue to show a commitment to crucial development projects in our communities back home." 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 U.S. Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census , Hispanics constitute the fastest-growing segment of the American population with more than 43 million people now residing in the U.S. Approximately two-thirds of these are Mexican, many of whom regularly send remittances to their families in Mexico. According to the Bank of Mexico The Bank of Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank and lender of last resort. Banco de México is autonomous in exercising its functions. , total remittances to Mexico totaled more than $23 billion in 2006. About Western Union Western Union, together with its affiliates Orlandi Valuta and Vigo, is a leading provider of global money transfer services, providing people with fast, reliable and convenient ways to send money around the world, pay bills and purchase money orders through a network of more than 305,000 Agent locations in over 200 countries and territories. For more information, visit www.westernunion.com. WU-G |
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