CARACAS, Venezuela (EMWNews) July 28, 2008 —

Gustavo

Cisneros, Chairman and Chief Executive Officer of the Cisneros

Group of Companies, said today that the triumph of Dayana Mendoza, Miss

Venezuela 2007, in the Miss Universe pageant held on July 14 is yet

another of the many triumphs of Venezuelan women in all areas of public

life.

In an interview broadcast by the Venezuelan national television network

Venevisión, and hosted by former beauty queen,

television host and entertainer Mayte Delgado, Cisneros noted that Miss

Venezuela’s victory represents another great

step forward for Venezuelan women on the world stage and that these

talented and accomplished women are outstanding ambassadors of their

country.

Dayana

Mendoza, a 22 year old Elite agency model, was crowned Miss Universe

in a competition held in Nha Trang, Vietnam. She is the fifth Miss

Venezuela to hold the international title. As Miss Universe, Mendoza

will travel worldwide for the next year and act as an advocate for

public health issues. In part, she will serve as the public face of a

global campaign against HIV and AIDS.

“While it is true that this is a triumph in a

specific part of public life, it is representative of something much

bigger: the productivity, progress and success of Venezuelan women in

all fields,” Gustavo Cisneros said.

Cisneros added that after his organization acquired the Miss Venezuela

Organization in 1981, the pageant was developed into one of the most

successful pop culture and entertainment events in Venezuela. Winners of

the Miss Venezuela pageant have gone on to compete with great success in

international competitions. A number of companies in the Cisneros Group,

including Venevisión and FISA beauty products,

contribute to the success of the Miss Venezuela Organization. That point

was emphasized by the chairman, calling the pageant an example of the

synergies at work within the Cisneros Group.

“The Miss Venezuela pageant is a product of

the training we offer young Venezuelan women, the talent of our

producers in creating the magic of a great show, and the professional

management capabilities of the Venevisión

team,” said Gustavo Cisneros.

Cisneros said he is proud of all the young women who, throughout the

last 27 years, have represented Venezuela internationally. He praised

Mayte Delgado as one of those women, and thanked her for her dedication

to a professional and artistic career. Finally, he wished Dayana Mendoza

much success and happiness in carrying out her role as Miss Universe

2008.

About Cisneros Group of Companies

The Cisneros Group of Companies is one of the largest privately held

media, entertainment, telecommunications and consumer products

organizations in the world. The Cisneros Group owns or holds interests

in companies ranging from broadcast television, television production,

and telecommunications to beverage businesses and travel resorts.

Through its diverse businesses and world-class partnerships, the

Cisneros Group of Companies delivers some of the top brands and

highest-quality services to the 550 million Spanish- and

Portuguese-speaking consumers in the Americas and Europe. The Cisneros

Group sells TV programming and other media content on five continents

and in over 90 countries.

The Cisneros Group’s holdings include majority

and minority interests that may be held directly or indirectly through

partnerships, joint ventures or alliances. Some of the Cisneros Group’s

holdings include interests in Venevisión, the

leading television network in Venezuela; Venevision International, a

global Spanish-language entertainment company; Venevision Productions, a

supplier of top-tier telenovelas for North American and international

markets; Cervecería Regional, the

second-largest brewery and beer distributor in Venezuela, and Los Leones

del Caracas, Venezuela’s championship baseball

team.

For more information, visit www.cisneros.com

Keyword Tags: cisneros group, gustavo cisneros, miss Venezuela,

miss universe, dayana Mendoza