'Get Your Money Right' National Hip-Hop Summit Set For Greensboro, N.C.

* Reuters is not responsible for the content in this press release.

Thu Aug 27, 2009 8:55am EDT

Russell Simmons, Dr. Benjamin Chavis, Rocsi of BET's "106 & Park," Lil Mo and
Walmart Host Financial Empowerment Summit to Share Financial Disciplines in a
Troubled Economy




NEW YORK, Aug. 27 /PRNewswire/ -- Today, Russell Simmons, Dr. Benjamin Chavis,
Valeisha Butterfield, the Hip-Hop Summit Action Network (HSAN) and Walmart
announced the convening of a national Hip-Hop Summit on Financial Empowerment
entitled "Get Your Money Right." The event will offer valuable and timely
financial information from financial experts, celebrities and community
leaders. Open to the public, the summit will take place on Sept. 12, 2009 at
the Greensboro Coliseum, 1921 West Lee Street Greensboro, N.C.  27403. Doors
open at 12:00 p.m.  

Financial literacy is critical as multicultural communities are
disproportionately impacted by the economic downturn. The African-American job
loss exceeds one million as a result of the recession, representing more than
60 percent of the total increase in the number of those unemployed. The
national unemployment rate for African-Americans reached 15 percent in April,
its highest rate since June of 1986. According to North Carolina State
University economist Michael Walden, North Carolina's unemployment rate was
already one of the lowest in the United States at 11.1 percent, the rate will
peak at an unprecedented 13 percent in the first quarter of 2010 before
beginning to improve. Russell Simmons, chairman and co-founder of HSAN,
pointed out, "Hip-Hop is about empowerment and transformation. Financial
literacy is a fundamental key to financial empowerment. The 'Get Your Money
Right' Hip-Hop Summit in Greensboro will be an excellent opportunity to
receive invaluable information."

Walmart is the presenting sponsor of the "Get Your Money Right!" Summits in
Greensboro, N.C. and in Houston, Texas on Oct. 17. A special in-store
promotion of the summit will be held on Friday, Sept. 11 at the Walmart
Superstore at 4:30 p.m. located at 4424 W. Wendover Ave. 

At Walmart, we strive to provide our customers with resources and products at
affordable prices to help individuals gain control of their personal finances
during these economic times," said David Carmon, regional general manager and
vice president, Southeast Division, Walmart. "Our partnership with HSAN in
this event and ongoing financial literacy programs, along with expanded
financial products, services and locations, are an extension of our dedication
to helping people save money so that they can live better." 

Confirmed artists and celebrities scheduled to participate in the Hip-Hop
Summit on Financial Empowerment in Greensboro include; Russell Simmons, Rocsi
of BET's 106 & Park, Lil Mo and Dr. Benjamin Chavis. 102 Jamz FM is the
exclusive radio-partner for the Hip-Hop Summit in Greensboro.

Chavis, president and co-founder of HSAN, concluded, "During these difficult
financial times, having basic financial literacy is most important. The 'Get
Your Money Right' Hip-Hop Summit in Greensboro will help make a positive
difference. We are pleased to partner with Walmart to bring this unique and
informative event to the state of North Carolina."

The Kellogg Foundation is also a proud supporter of the Greensboro Hip-Hop
Summit along with community partners the Winston-Salem Urban League, the Urban
League of the Central Carolinas, the Student Government Associations of
Bennett College, North Carolina Agricultural and Technical State University,
and the University of North Carolina at Greensboro.

About the Hip-Hop Summit Action Network
Founded in 2001 by Russell Simmons and Dr. Benjamin Chavis, HSAN is the
largest non-profit, global coalition of hip-hop artists, entertainment
industry leaders, education advocates, civil rights proponents, and youth
leaders united in the belief that hip-hop is an influential agent for positive
social change.  Dedicated to harnessing the cultural relevance of hip-hop
music to serve as a catalyst for education advocacy and other societal
concerns, HSAN provides educational programs on financial literacy, health
education, civic engagement and personal development. For more information, go
to www.hsan.org.

About Walmart
Every week, millions of customers visit Walmart stores, Neighborhood Markets,
and Sam's Club locations across America or log on to its online store at
www.walmart.com. The company and its Foundation are committed to a philosophy
of giving back locally. Walmart (NYSE: WMT) is proud to support the causes
that are important to customers and associates right in their own
neighborhoods, and last year gave more than $378 million to local communities
in the United States. More information about Walmart can be found by visiting
www.walmartstores.com.


SOURCE  Hip-Hop Summit Action Network

Randi Friedman, BNC, +1-212-253-4646, rfriedman@bncpr.com; Daniel Morales,
Walmart, +1-800-331-0085
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.