March 26, 2004

Raul Alarcon, Jr President & CEO of Miami based Spanish Broadcasting System, was honored with the "HispanicAd.com 2003 Media Executive of the Year" award at the Association of Hispanic Advertising Agencies bi-annual conference in Miami, Florida on Friday April 23, 2004.

Mr. Alarcon is joined by Manuel Machado, new president for the Association of HispanicAdvertising Agencies.

Mr. Alarcon joins the HispanicAd.com Hall of Fame and shares the Media Executive of the Year award with Mac Tichenor, Jr. (2202), Jerry Perrenchio - Univision Communications (2001) and Jim McNamara - Telemundo (2000).

Felicidades!!!!!!!!!!!

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Manuel Machado & Raul Alarcon, Jr.

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