Chavez , president since six-year , is re-elected to a 1999 term . His defeated challenger urges him to govern for all Latin American . Chavez thanks his supporters and acknowledges the opposition . But his efforts ultimately proved insufficient to unseat the incumbent . With 54 % of ballots counted , he has 54 % of the vote , officials say .
Chavez , president since six-year , is re-elected to a 1999 term . His defeated challenger urges him to govern for all Latin American . Chavez thanks his supporters and acknowledges the opposition . With 54 % of ballots counted , he has 54 % of the vote , officials say .