United States Hispanic Chamber of Commerce Congratulates Cabrera Capital Markets and Valdes & Moreno, Inc. on Selection in Disposition of Citigroup Stock

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United States Hispanic Chamber of Commerce

Jul 22, 2010, 08:00 ET

WASHINGTON, July 22 /PRNewswire-USNewswire/ -- The United States Hispanic Chamber of Commerce (USHCC), which represents more than 200 local chambers and serves as the national advocate for nearly three million Hispanic-owned businesses in our country, congratulates Cabrera Capital Markets, LLC and Valdes & Moreno, Inc. – premiere Hispanic-owned financial services firms – on their selection by the Department of the Treasury as two of the twelve firms to participate in the disposition of Citigroup stock.

Javier Palomarez, President and CEO of the USHCC said: "The USHCC views this selection as a signal of the Treasury Department's commitment to the Hispanic community and applauds Secretary Geithner's efforts in broadening the candidate pool and awarding a premiere Hispanic-owned financial services firm the opportunity to participate in this sale." He added: "We hope that the inclusion of Cabrera Capital and Valdes & Moreno in this sale is just a first step in remedying the woeful under-representation of Hispanic-owned firms in federal transactions."

Martin Cabrera Jr., Founder & Chief Executive Officer of Cabrera Capital Markets said: "We are grateful to be selected and are very pleased that the Treasury Department is investing in the largest and still fastest-growing minority group in our country. I look forward to the continued collaboration between Treasury and Hispanic businesses during this Administration."

About the United States Hispanic Chamber of Commerce

Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of nearly 3 million Hispanic-owned businesses in the United States that generate nearly $400 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers in the United States and Puerto Rico.

About Cabrera Capital Markets, LLC

Cabrera Capital Markets, LLC is a full service investment bank and institutional brokerage firm headquartered in Chicago with 9 offices throughout the country. Cabrera provides underwriting, institutional brokerage, and advisory work for municipalities, unions, governments, corporations, hedge funds and foundations/endowments. Founded in 2001, Cabrera Capital Markets is one of the premier financial services firms in the country.

About Valdes & Moreno, Inc.

Valdes & Moreno, Inc., founded in 1994, is a Latino-owned broker-dealer based in Kansas City, Missouri focusing on institutional and retail investors alike. The business of the firm includes financial advisory and underwriting services for issuers of corporate and municipal securities, liquidity management and private equity in the socially responsible investing space for institutional investors, as well as a broad range brokerage services for retail investors.

http://www.ushcc.com/

SOURCE United States Hispanic Chamber of Commerce