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6/02/2005

 
Washington, D.C. Hip-Hop Summit on Financial Empowerment A First in the Nation's Capital

Chrysler Financial, The Hip-Hop Summit Action Network, Anheuser-Busch and Suze Orman to Educate and Empower Young People -- Russell Simmons, Damon Dash, Reverend Run, Juelz Santana, Paul Wall, Doug E. Fresh, Lil' Mo, Nicole Wray, Xscape, The Lissen Band and Russ Parr Join Forces in Washington, D.C. to Support Youth Financial Literacy

WASHINGTON, June 1 /PRNewswire-FirstCall/-- The Hip-Hop Summit Action Network is bringing its first Summit to the nation's capital. The Washington, D.C. Hip-Hop Summit on Financial Empowerment convenes at the Washington Convention Center in Hall C at 801 Mt. Vernon Place, NW on Tuesday, June 7, 2005. Doors open at 11:30 a.m. and tickets are available through http://www.939wkys.com and http://www.hsan.org .

The Washington, D.C. Summit is part of an unprecedented national campaign to raise awareness among millions of young adults 18-35 about the importance of financial empowerment. For the first time, one of the world's leading financial institutions, Chrysler Financial, has partnered with the Hip-Hop Summit Action Network (HSAN), the nation's largest non-profit hip-hop organization, to help young people build a solid financial future. Russell Simmons, Chairman of HSAN and William F. Jones, Jr., Vice President of Chrysler Financial have pledged to work together to coordinate this national campaign under the theme "Get Your Money Right."

Dr. Benjamin Chavis, President and CEO of HSAN and legendary hip-hop icon Doug E. Fresh will co-moderate the Summit. Other artists and executives taking part in the Washington, D.C. Hip-Hop Summit on Financial Empowerment include Damon Dash, Reverend Run, Juelz Santana, Nicole Wray, Lil' Mo, Xscape, the Lissen Band and Russ Parr. Elected officials will also be participating including U.S. Senator Debbie Stabenow (D-MI), who introduced Federal Legislation into Congress on Financial Literacy and Representative G.K. Butterfield, Jr. (D-NC), among others to be announced. Different artists will join the Hip-Hop Summit on Financial Empowerment National Tour in the following major cities: July 15 - Miami, Fla.; August 20 - St. Louis, Mo.; September 10 - Kansas City, Mo. and September 17 - Los Angeles, Calif.

Suze Orman, America's most listened to personal finance expert, New York Times best-selling author and creator/host of CNBC's "The Suze Orman Show" will be participating in the Washington, D.C. Summit on Financial Empowerment.

The title sponsor of the Hip-Hop Summit on Financial Empowerment Tour is Chrysler Financial. The presenting sponsor is Anheuser-Busch, Inc. The Washington, D.C. media partner is Radio One's 93.9WKYSFM.

"Financial empowerment is the last leg of the Civil Rights Movement," declared Russell Simmons, Chairman of HSAN. "The hip-hop generation views the theme 'Get Your Money Right' as a hot and important topic. Through hip-hop artists, the generous support and vision of partners like Chrysler Financial, Anheuser-Busch and leading experts in the field of personal finance like Suze Orman, we intend to make personal finance more interesting and accessible to millions of young people, as we open the door wider for them to achieve their higher aspirations."

"The Hip Hop Summit Action Network, with its pulse on youth culture, and access to millions of young people, is the right partner in our quest to help the next generation of Americans make smart decisions with their finances," said William F. Jones, Jr., Vice President-Chrysler Financial.

"America's youth are bright, ambitious, yet face very different challenges today, than even their parents did when it comes to personal finance," said Suze Orman, host of CNBC's "The Suze Orman Show" and author of the recently released New York Times bestseller, The Money Book For The Young, Fabulous, And Broke. "Providing them the resources they need to be successful is the critical first step in helping them to secure their financial futures," she added.

Johnny Furr, vice president, Sales Development and Community Affairs for Anheuser-Busch, Inc., said that "more than ever it is important that our youth realize that you can't achieve financial goals tomorrow that you don't begin planning for today." Furr said that the value of the summits is that they "provide participants with information about key financial issues and opportunities that many haven't begun to think about, but should, in order to create and leave wealth that sustains families and communities."

"HSAN is serious about spitting truth to power," declared Dr. Benjamin Chavis, President and CEO of HSAN. "The Hip-Hop Summit on Financial Empowerment Tour is an important opportunity to transform the lives and conditions of those who yearn for a better way of life."

The program agenda of the Washington, D.C. Hip-Hop Summit on Financial Empowerment will include a focus on financial literacy, basic banking, repairing and understanding credit scores, asset and wealth management, auto financing, home ownership and entrepreneurship.

About DaimlerChrysler Services North America LLC

The company provides brand-specific financing for automotive dealers' inventories and their retail consumers and does business as Mercedes-Benz Credit and Chrysler Financial. As DaimlerChrysler Services Truck Finance it also finances commercial vehicles for affiliate products such as Freightliner, Sterling and Western Star. The company serves as the headquarters for operations in the United States, Canada, Mexico, South America and Puerto Rico and has more than 5,800 employees who manage a portfolio of more than $95 billion with nearly five million contracts. DaimlerChrysler Services North America is a member of the DaimlerChrysler Financial Services group of companies. This group is headquartered in Berlin, Germany, and operates in 39 countries with an employee base exceeding 10,800 and a global portfolio of approximately $139 billion. DaimlerChrysler Financial Services group is one of the leading financial services entities worldwide. For more information on DaimlerChrysler Services in the Americas visit http://www.daimlerchryslerservices.com/na .

About Anheuser-Busch

Based in St. Louis, Anheuser-Busch Cos., Inc. is the leading American brewer holding 50 percent of the U.S. beer market. The company is American- owned and brews the world's largest-selling beers, Budweiser and Bud Light. Anheuser-Busch ranked first in the U.S. beverage industry in Fortune magazine's 2005 "America's Most Admired Companies" and in the top 30 on Fortune's 2005 "Global Most Admired Companies" list. The company is one of the largest theme park operators in the United States, is a major manufacturer of aluminum cans and is the world's largest recycler of aluminum beverage containers. For more information, visit http://www.anheuser-busch.com or http://www.africanamericanbud.com .

About Hip-Hop Summit Action Network

HSAN is a non-profit, non-partisan national coalition of artists, entertainment industry leaders, education advocates, civil rights proponents and youth leaders united in the belief that the "hip-hop" phenomena is an enormously influential agent for positive social change which must be responsibly and pro-actively utilized to fight the war on poverty and injustice. For more information on the Hip-Hop Summit Action Network, go to http://www.hsan.org .

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Source: Hip-Hop Summit Action Network




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