Governor Arnold Schwarzenegger and Mayor Michael Bloomberg Lead Off Prop 11 Fund-Raiser at Los Angeles Home of iCrete Chairman Gary Winnick

    - Speakers also urged renewed investment in the American economy.

    - Said Winnick: 'This is not a time for us to bury our heads in the sand.
    This has been a great country to all of us and now is our time to buy in
    and show our support.'

    LOS ANGELES, Oct. 17 /CNW/ -- Mayor Michael Bloomberg was in California
on Wednesday to appear with Governor Arnold Schwarzenegger at a fund-raiser
hosted by financier and philanthropist Gary Winnick at his Los Angeles home. 
Winnick is chairman and founder of iCrete, the advanced concrete technology
company which is revolutionizing the world's second largest industry, and the
founder of Global Crossing and the Global Crossing Network, which now spans a
total of 130,000 miles worldwide and connects six continents.
    The event at Winnick's home in Los Angeles raised money to support
Proposition 11, the re-districting reform initiative on the November ballot in
California.  Both Bloomberg and Schwarzenegger spoke in support of Proposition
11, which would create a 14-member independent citizen commission to redraw
state legislative district lines based on strictly non-partisan rules.
    The California governor and Winnick also both commented favorably on
early results from the sale of short-term bonds by the State of California as
an encouraging and positive signal to the broader financial markets.
    "This is not a time for us to bury our heads in the sand," Winnick said
in introducing Schwarzenegger.  "This has been a great country to all of us
and now is our time to buy in and show our support."
    Added Winnick: "In times of crisis, we can hope that it will all pass us
by.  That never works.  Or we can call forth leaders like Michael Bloomberg
and Arnold Schwarzenegger to bring us through."
    Financier and philanthropist Gary Winnick is chairman and chief executive
officer of Pacific Capital Group, a diversified private equity investment
firm, which funded both iCrete, the advanced concrete technology company, and
the building of the Global Crossing telecommunications network.  Winnick,
whose career in international investing and venture capital extends across
three decades, is today a member of the board of the Museum of Modern Art
(MOMA) and the Simon Wiesenthal Center.  He is the recipient of the coveted
Wiesenthal Center Humanitarian Award and holds an honorary doctorate from Long
Island University.
    iCrete is a state-of-the-art technology company that is revolutionizing
the concrete industry with its patented iCrete(R) System.  The iCrete System
dramatically increases the quality and performance of ready mix and precast
concrete, reduces greenhouse gas emissions, and brings significant cost
efficiencies across the board. For any concrete producer anywhere in the
world, iCrete offers an optimized concrete-mix design technology, as well as
an advanced production and quality system.  Visit us at
on the Web.

For further information:

For further information: Steve Solomon of Rubenstein Associates,
+1-212-843-8042,, for iCrete Web Site:

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