Grupo Salinas Founder and Chairman Ricardo B. Salinas Addresses Students, Faculty and the Business Community at the ITESM Campus in Guadalajara With Message on the Importance of Serving the Bottom of the Pyramid During 2009 Congreso Internacional de Finanzas y Economia

Grupo Salinas Founder and Chairman Ricardo B. Salinas Addresses Students, Faculty and the Business Community at the ITESM Campus in Guadalajara With Message on the Importance of Serving the Bottom of the Pyramid During 2009 Congreso Internacional de Finanzas y Economia

--Event Also Featured 2004 Nobel Memorial Prize in Economics Winner Dr. Edward C. Prescott --

MEXICO CITY, Oct. 28 /PRNewswire/ -- Grupo Salinas, a group of dynamic, fast growing and technologically advanced companies deeply committed to the modernization of the countries where they operate, is pleased to announce a successful guest lecture last week by its chairman and founder, Ricardo B. Salinas Pliego at the Guadalajara campus of the Instituto Tecnologico y de Estudios Superiores de Monterrey (ITESM) during the 2009 Congreso Internacional de Finanzas y Economia (CIFE).

Mr. Salinas presented a talk entitled "Opportunities at the Bottom of the Pyramid," with the message that inclusive products and services that are targeted to the 5 plus billion population that do not currently participate in market economy could be a great detonator to world economic growth.

"We have in our hands the potential to multiply the global economy by a factor of six," said Ricardo B. Salinas. "There is no economic crisis that will endure this potential."

The event was standing room only for the audience in the 800-room auditorium, causing organizers to create an adjacent spillover room for an addition 200 people.

During the event, Dr. Prescott was highly critical of governments with propensities to increase taxes. "Taxes have large consequences ... Politicians tend to be tax and spend people. They want to be able to have the spending to get their constituencies to get them re-elected," he said.

Company Profile

Grupo Salinas (www.gruposalinas.com) is a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to build the middle class of the countries where they operate, and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates a as a management development and decision forum for the top leaders of member companies, TV Azteca (www.irtvazteca.com), Azteca America (www.aztecaamerica.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Afore Azteca (www.aforeazteca.com.mx, Seguros Azteca (www.segurosazteca.com.mx), and Grupo Iusacell (www.iusacell.com). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.

   Press Contact:    Daniel McCosh   (5255) 1720-0059   dmccosh@gruposalinas.com.mx  

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Source: Grupo Salinas; Ricardo Salinas; TV Azteca; Grupo Elektra; Grupo Iusacell; ITESM

CONTACT: Daniel McCosh, (5255) 1720-0059, dmccosh@gruposalinas.com.mx

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Profile: International Entertainment