Fw: [Aibec-l] Fw: AIBEc Fall 2004 Schedule UPDATE ON ADVANCED MARKETING

art franczek artf@online.ru
Mon, 13 Sep 2004 08:03:35 +0400


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DEAR AIBECERS:

I WOULD LIKE TO GIVE YOU AN UPDATE ON THE ADVANCED MARKETING COURSE:

1) THIS COURSE WILL CONSIST OF A NUMBER OF MARKETING TOPICS:

     - BRANDING AND OTHER MARKETING ISSUES TAUGHT BY DIMITRY VECHKANOV =
THE MARKETING MANAGER AT ALFABANK. THESE SESSIONS WILL BE VERY =
INTERESTING BECAUSE DIMITRY HAS BEEN DEEPLY INVOLVED IN BRANDING ISSUES =
AT ALFABANK.

     - A NUMBER OF  SESSIONS ON RELATIONSHIP MARKETING WILL BE TAUGHT BY =
NADYA KRYLOV. THIS IS A MOST INTERESTING AND IMPORTANT AREA OF =
MARKETING. THE INSTRUCTOR IS AN AMERICAN WHO CAME TO RUSSIA IN 1984. =
NADYA IS A PROFESSIONAL TRAINER AND CONSULTANT AND HAS A GREAT DEAL OF =
EXPERIENCE IN DOING TRAININGS ON RELATIONSHIP MARKETING. SHE IS A VERY =
DYNAMIC INSTRUCTOR WHO I HAVE BEEN TRYING TO SCHEDULE AT AIBEC FOR =
YEARS. I AM CONFIDENT THAT SHE WILL PROVIDE MOST INTERESTING AND =
MEANINGFUL SESSIONS FOR AIBEC'S STUDENTS.

    - PRODUCT DEVELOPMENT AND BRANDING ISSUES WILL BE TAUGHT BY GEORGE =
GORSHKOV THE VICE PRESIDENT OF MARKETING AT RUSSIAN STANDARD BANK. =
GEORGE HAS EXTENSIVE EXPERIENCE IN MARKETING AND WILL PROVIDE =
INTERESTING AND USEFUL INSIGHTS TO THESE ISSUES AS THEY RELATE TO THE =
RUSSIAN ENVIRONMENT. ( READ GEORGE'S INTERVIEW IN CAREER FORUM)

   - MARKETING RESEARCH SESSIONS WILL BE PRESENTED BY SVETLANA KIROLOVA. =
( TO BE CONFIRMED) . SVETA HAS A PHD FROM LBS AND IS CURRENTLY A =
PROFESSOR OF MARKETING RESEARCH AT LBS. SVETLANA WILL ALSO DISCUSS SOME =
BRANDING ISSUES.

I HAVE SPENT MANY HOURS ORGANISING THIS ADVANCED MARKETING COURSE AND I =
BELIEVE THAT THIS COURSE WILL INCLUDE SOME OF THE BEST AND MOST =
INTERESTING MARKETING ISSUES IN RUSSIA.

YOURS TRULY,
ART FRANCZEK


PS: PLEASE NOTE THAT PRINCIPLES OF MARKETING IS  A PREREQUISITE FOR =
STUDENTS WHO WISH TO TAKE ADVANCED MARKETING





=20

 Dear AIBEcers:

For your convenience AIBEc's office will be open until 9pm during the =
week and from 12pm to 5pm on Saturday Spt. 11th.

If you have any questions please call 438-0830 or 4381439. IN ORDER TO =
AVOID LONG LINES DURING THE FIRST WEEK OF CLASS AND TO BE ABLE TO =
PREPARE CLASS MATERIALS PLEASE REGISTER EARLY.

Yours truly,
Art Franczek



 =20

Dear AIBEcers:

Enclosed is the schedule of classes for the Fall 2004 semester. Please =
note the following:

1) In response to requests by many of AIBEc's students AIBEc is offering =
an Advanced Marketing course that includes Branding and Product =
Development. This course will be taught by leading marketing specialists =
in these areas.

2) In response to requests by students AIBEc is offering a course in =
Human Resources. This course will be taught by a very interesting =
Frenchman who has experience in many countries.

3) Busness Law will be taugt by Vladmir Lissniak. A particular focus of =
this course will be a comparison between US and Russian aspects of =
Business Law issues. Please note that the first session for this class =
will be SEPT. 21.

4) Business Development Strategies will be taught by Tom Nastas. This is =
an area in which Tom has a great deal of experience and this course will =
include guest speakers who are leading businesspeople in this field. =
Also BDS can be used to fulfil AIBEc course requirements i.e. you cna =
take either BDS or Strategic Management to fulfil the Strategic =
management requirement.BDS is also a requirement for a Certificate in =
Marketing.

PLEASE NOTE THAT STARTING MONDAY AUGUST 30TH AIBEC'S OFFICE WILL BE OPEN =
UNTIL 9PM FOR REGISTRATION . IF YOU ARE UNABE TO REACH THE AIBEC OFFICE =
BY CALLING 438-1439 PLEASE CALL LILIA AT 8 903 7175955.

YOURS TRULY,
ART FRANCZEK


      Course offerings, Fall Semester:
      September 13 - December 20, 2004
      =20

      Financial Accounting:  This course provides students with a =
thorough review of accounting issues of importance to most =
organizations, such as Accrual Accounting, Bad Debts, Inventories, =
Investments, Cash Flows and Ratio Analysis. US GAAP and IAS concepts are =
emphasized. Wednesdays 7pm to 10pm, Art Franczek=20

      Managerial Accounting:  This course provides students with a =
thorough review of most Managerial Accounting issues of importance to =
many organizations such as Cost Allocation, Activity Based Costing, =
Budgeting, Standard Costing, Just In Time Inventory and many other =
topics. Thursdays 7pm to 10pm, Art Franczek=20

      Comparative Taxation: This course provides students with a =
thorough review of tax systems of the U.S., Russia and other countries. =
The latest Russian Tax Reforms are discussed along with Offshore Tax =
Havens and many other current topics. Fridays 7pm to 10pm, Art Franczek

      Corporate Finance: This course is an introduction to allocation of =
capital over time, capital budgeting, financial management and other =
topics using basic mathematical models. Tuesdays 7pm to 10pm, Konstantin =
Kontor

      Takeovers, Restructuring and Corporate Governance: This course =
provides students with an exploration of Takeovers, Mergers, =
Divestitures, including strategies and empirical evidence, with examples =
drawn from International and Russian experience. Thursdays 7pm to 10pm, =
Konstantin Kontor

      Principles of Business Law: This course will cover Origins and  =
Theory of Law, Contract Law, Torts, the Court System and Procedure, =
Evidence, Debtor-Creditor Law, Negotiable Instruments and the Banking =
System, Property & Business Organizations. As a survey course, each area =
will be touched on briefly. The course book is based on American law, =
but where differences exist Russian law will be explained.  Tuesdays, =
7pm to 10pm, Vladimir Lissniak=20

      Principles of Marketing: This course provides students with an =
overview of marketing in a modern international business. The latest =
materials and case studies are used in this course. Mondays 7pm to 10pm, =
Tom Nastas=20

      Business Development Strategies (Entrepreneurship): This course =
provides students with many cases involving the development of new and =
continuing both in Russia and in other countries. Several leading =
business people will be guest speakers for this course. Wednesdays 7 pm =
to 10pm, Tom Nastas=20

      NEW! International Human Resource Management :  This new course =
aims at presenting the Human Resource Management theories and practices =
through a modern and international perspective for MBA students. With =
support of international case studies from leading business schools, the =
lectures will be interactive and fun and offer the students a broad =
spectrum of examples to develop their knowledge in this field. Although =
this course is designed for students with no prior knowledge of HRM, =
people familiar with this area will however gain from the Cross-Cultural =
insight distilled throughout the lectures. MONDAYS 7pm to 10pm, Jerome =
Dumetz=20

      NEW! Advanced Marketing: This course will include sections on =
Product Development, Branding and Marketing Research. This course will =
be taught by leading Marketing specialists in Moscow and will emphasize =
the Russian application of Marketing issues. SATURDAYS 10 AM TO 1 PM, =
Dimitry Vechkanov, George Gorshkov and representatives from Comcon.



                                                         For more =
information:
      call at 438-1439, 438-0830; www.aibec.org; aibec@aibec.org

      =20

      =20
    =20

=20

=20




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<DIV><FONT face=3DArial size=3D2>&nbsp;</FONT></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>DEAR AIBECERS:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>I WOULD LIKE TO GIVE YOU AN UPDATE ON =
THE ADVANCED=20
MARKETING COURSE:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>1) THIS COURSE WILL CONSIST OF A NUMBER =
OF=20
MARKETING TOPICS:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;&nbsp;&nbsp;&nbsp; - BRANDING AND =
OTHER=20
MARKETING ISSUES TAUGHT BY DIMITRY VECHKANOV THE MARKETING MANAGER AT =
ALFABANK.=20
THESE SESSIONS WILL BE VERY INTERESTING BECAUSE DIMITRY HAS BEEN DEEPLY =
INVOLVED=20
IN BRANDING ISSUES AT ALFABANK.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;&nbsp;&nbsp;&nbsp; - A NUMBER OF=20
&nbsp;SESSIONS ON RELATIONSHIP MARKETING WILL BE TAUGHT BY NADYA KRYLOV. =
THIS IS=20
A MOST INTERESTING AND IMPORTANT AREA OF MARKETING. THE INSTRUCTOR IS AN =

AMERICAN WHO CAME TO RUSSIA IN 1984. NADYA IS A PROFESSIONAL TRAINER AND =

CONSULTANT AND HAS A GREAT DEAL OF EXPERIENCE IN DOING TRAININGS ON =
RELATIONSHIP=20
MARKETING. SHE IS A VERY DYNAMIC INSTRUCTOR&nbsp;WHO I HAVE BEEN TRYING =
TO=20
SCHEDULE AT AIBEC FOR YEARS. I AM CONFIDENT THAT SHE WILL PROVIDE MOST=20
INTERESTING AND MEANINGFUL SESSIONS FOR AIBEC'S STUDENTS.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;&nbsp;&nbsp; - PRODUCT =
DEVELOPMENT AND=20
BRANDING ISSUES WILL BE TAUGHT BY GEORGE GORSHKOV THE VICE PRESIDENT OF=20
MARKETING AT RUSSIAN STANDARD BANK. GEORGE HAS EXTENSIVE EXPERIENCE IN =
MARKETING=20
AND WILL PROVIDE INTERESTING AND USEFUL INSIGHTS TO THESE ISSUES AS THEY =
RELATE=20
TO THE RUSSIAN ENVIRONMENT. ( READ GEORGE'S INTERVIEW IN CAREER=20
FORUM)</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;&nbsp; - MARKETING RESEARCH =
SESSIONS WILL BE=20
PRESENTED BY SVETLANA KIROLOVA. ( TO BE CONFIRMED) . SVETA HAS A PHD =
FROM LBS=20
AND IS CURRENTLY A PROFESSOR OF MARKETING RESEARCH AT LBS. SVETLANA WILL =
ALSO=20
DISCUSS SOME BRANDING ISSUES.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>I HAVE SPENT MANY HOURS ORGANISING THIS =
ADVANCED=20
MARKETING COURSE AND I BELIEVE THAT THIS COURSE WILL INCLUDE SOME OF THE =
BEST=20
AND MOST INTERESTING MARKETING ISSUES IN RUSSIA.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>YOURS TRULY,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>ART FRANCZEK</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>PS: PLEASE NOTE THAT PRINCIPLES OF =
MARKETING=20
IS&nbsp; A PREREQUISITE FOR STUDENTS WHO WISH TO TAKE ADVANCED=20
MARKETING</FONT></DIV>
<DIV style=3D"FONT: 10pt arial">
<DIV>&nbsp;</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">
<DIV><BR>&nbsp;</DIV></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">
<DIV>&nbsp;Dear AIBEcers:</DIV>
<DIV>&nbsp;</DIV>
<DIV>For your convenience AIBEc's office will be open until 9pm during =
the week=20
and from 12pm to 5pm on Saturday Spt. 11th.</DIV>
<DIV>&nbsp;</DIV>
<DIV>If you have any questions please call 438-0830 or 4381439. IN ORDER =
TO=20
AVOID LONG LINES DURING THE FIRST WEEK OF CLASS AND TO BE ABLE TO =
PREPARE CLASS=20
MATERIALS PLEASE REGISTER EARLY.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Yours truly,</DIV>
<DIV>Art Franczek</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">
<DIV>&nbsp;&nbsp;</DIV></DIV>
<DIV style=3D"FONT: 10pt arial">&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">Dear AIBEcers:</DIV>
<DIV style=3D"FONT: 10pt arial">&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">Enclosed is the schedule of classes for =
the Fall=20
2004 semester. Please note the following:</DIV>
<DIV style=3D"FONT: 10pt arial">&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">1) In response to requests by many of =
AIBEc's=20
students AIBEc is offering an Advanced Marketing course that includes =
Branding=20
and Product Development. This course will be taught by leading marketing =

specialists in these areas.</DIV>
<DIV style=3D"FONT: 10pt arial">&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">2) In response to requests by students =
AIBEc is=20
offering a course in Human Resources. This course will be taught by a =
very=20
interesting Frenchman who has experience in many countries.</DIV>
<DIV style=3D"FONT: 10pt arial">&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">3) Busness Law will be taugt by Vladmir =
Lissniak.=20
A particular focus of this course will be a comparison between US and =
Russian=20
aspects of Business Law issues. Please note that the first session for =
this=20
class will be SEPT. 21.</DIV>
<DIV style=3D"FONT: 10pt arial">&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">4) Business Development Strategies will =
be taught=20
by Tom Nastas. This is an area in which Tom has a great deal of =
experience and=20
this course will include guest speakers who are leading businesspeople =
in this=20
field. Also BDS can be used to fulfil AIBEc course requirements i.e. you =
cna=20
take either BDS or Strategic Management to fulfil the Strategic =
management=20
requirement.BDS is also a requirement for a Certificate in =
Marketing.</DIV>
<DIV style=3D"FONT: 10pt arial">&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">PLEASE NOTE THAT STARTING MONDAY AUGUST =
30TH=20
AIBEC'S OFFICE WILL BE OPEN UNTIL 9PM FOR REGISTRATION . IF YOU ARE =
UNABE TO=20
REACH THE AIBEC OFFICE&nbsp;BY CALLING 438-1439 PLEASE CALL LILIA AT 8 =
903=20
7175955.</DIV>
<DIV style=3D"FONT: 10pt arial">&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">YOURS TRULY,</DIV>
<DIV style=3D"FONT: 10pt arial">ART FRANCZEK</DIV>
<DIV style=3D"FONT: 10pt arial">&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial"><SPAN id=3Dhbblock>&nbsp;</DIV><LABEL =
id=3DHbSession=20
SessionId=3D"1485301322"></LABEL>
<DIV><FONT face=3D"Arial Cyr" size=3D2>
<TABLE class=3DMsoNormalTable=20
style=3D"BACKGROUND: #ffffc0; WIDTH: 429.2pt; mso-cellspacing: 1.5pt; =
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PADDING-BOTTOM: 3.75pt; WIDTH: 99.3%; PADDING-TOP: 3.75pt; HEIGHT: =
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    width=3D"99%">
      <H3 style=3D"TEXT-ALIGN: center" align=3Dcenter><FONT =
size=3D4><FONT=20
      face=3DArial><FONT color=3D#ff0000><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 12pt; mso-ansi-language: EN-US">
      <H3 style=3D"TEXT-ALIGN: center" align=3Dcenter><FONT =
size=3D5><FONT=20
      color=3D#ff0000><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 12pt; mso-ansi-language: EN-US"><EM>Course=20
      offerings,&nbsp;Fall =
Semester:<o:p></o:p></EM></SPAN></FONT></FONT></H3>
      <H3 style=3D"TEXT-ALIGN: center" align=3Dcenter><FONT =
size=3D4><FONT=20
      color=3D#ff0000><EM><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 12pt; mso-ansi-language: =
EN-US">September&nbsp;13=20
      -&nbsp;December 20, </SPAN><st1:date Year=3D"2003" Day=3D"21" =
Month=3D"8"><SPAN=20
      lang=3DEN-US=20
      style=3D"FONT-SIZE: 12pt; mso-ansi-language: =
EN-US">2004</SPAN></st1:date></EM></FONT></FONT></H3><SPAN=20
      lang=3DEN-US style=3D"FONT-SIZE: 10pt; mso-ansi-language: =
EN-US"><FONT=20
      color=3D#000000><SPAN style=3D"FONT-SIZE: 10pt"><SPAN lang=3DEN-US =

      style=3D"mso-ansi-language: EN-US"><SPAN style=3D"FONT-SIZE: =
10pt">
      <DIV class=3DMsoNormal=20
      style=3D"COLOR: #3366ff; TEXT-ALIGN: justify; mso-margin-top-alt: =
auto; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt; =
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      align=3Djustify>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 35.7pt; TEXT-INDENT: =
-17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-list: l0 =
level1 lfo1; tab-stops: list 36.0pt"=20
      align=3Dcenter><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><o:p><FONT=20
      color=3D#000000><EM>&nbsp;</EM></FONT></P>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT=20
      color=3D#000000><FONT color=3D#0000ff><B=20
      style=3D"mso-bidi-font-weight: normal"><U><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">Financial=20
      Accounting:</SPAN></U></B></FONT><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><FONT=20
      color=3D#0000ff><SPAN style=3D"mso-spacerun: yes">&nbsp; =
</SPAN></FONT>This=20
      course provides students with a thorough review of accounting =
issues of=20
      importance to most organizations, such as Accrual Accounting, Bad =
Debts,=20
      Inventories, Investments, Cash Flows and Ratio Analysis. US GAAP =
and IAS=20
      concepts are emphasized<U>. Wednesdays </U></SPAN></B><U><st1:time =

      Minute=3D"0" Hour=3D"19"><B style=3D"mso-bidi-font-weight: =
normal"><SPAN=20
      lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">7pm=20
      to 10pm</SPAN></B></st1:time><B style=3D"mso-bidi-font-weight: =
normal"><SPAN=20
      lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">,=20
      Art Franczek</SPAN></B></U><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: =
12.0pt">&nbsp;<o:p></o:p></SPAN></FONT></P></o:p></SPAN>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT=20
      color=3D#000000><FONT color=3D#0000ff><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><U>Managerial=20
      Accounting:</U></SPAN></B></FONT><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><FONT=20
      color=3D#0000ff> </FONT><B style=3D"mso-bidi-font-weight: =
normal"><FONT=20
      color=3D#0000ff><SPAN style=3D"mso-spacerun: =
yes">&nbsp;</SPAN></FONT>This=20
      course provides students with a thorough review of most Managerial =

      Accounting issues of importance to many organizations such as Cost =

      Allocation, Activity Based Costing, Budgeting, Standard Costing, =
Just In=20
      Time Inventory and many other topics. <U>Thursdays=20
      </U></B></SPAN><U><st1:time Minute=3D"0" Hour=3D"19"><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">7pm=20
      to 10pm</SPAN></B></st1:time><B style=3D"mso-bidi-font-weight: =
normal"><SPAN=20
      lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">,=20
      Art Franczek </SPAN></B></U></FONT></P>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT=20
      color=3D#000000><FONT color=3D#0000ff><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><U>Comparative=20
      Taxation: </U></SPAN></B></FONT><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">This=20
      course provides students with a thorough review of tax systems of =
the=20
      </SPAN></B><st1:country-region><st1:place><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: =
12.0pt">U.S.</SPAN></B></st1:place></st1:country-region><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">,=20
      </SPAN></B><st1:country-region><st1:place><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: =
12.0pt">Russia</SPAN></B></st1:place></st1:country-region><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">=20
      and other countries. The latest Russian Tax Reforms are discussed =
along=20
      with Offshore Tax Havens and many other current topics. <U>Fridays =

      </U></SPAN></B><U><st1:time Minute=3D"0" Hour=3D"19"><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">7pm=20
      to 10pm</SPAN></B></st1:time><B style=3D"mso-bidi-font-weight: =
normal"><SPAN=20
      lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">,=20
      Art Franczek</SPAN></B></U></FONT></P><FONT color=3D#000000><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; COLOR: #3366ff; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list =
36.0pt; mso-margin-bottom-alt: auto"=20
      align=3Djustify><FONT color=3D#000000><U><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><FONT=20
      color=3D#0000ff>Corporate Finance</FONT>:</SPAN></B></U><SPAN =
lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><U>=20
      </U><B style=3D"mso-bidi-font-weight: normal">This course is an =
introduction=20
      to allocation of capital over time, capital budgeting, financial=20
      management and other topics using basic mathematical models.<U> =
Tuesdays=20
      </U></B></SPAN><U><st1:time Minute=3D"0" Hour=3D"19"><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">7pm=20
      to 10pm</SPAN></B></st1:time><B style=3D"mso-bidi-font-weight: =
normal"><SPAN=20
      lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">,=20
      Konstantin Kontor</SPAN></B></U></FONT></P></SPAN></B></FONT>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT=20
      color=3D#000000><B style=3D"mso-bidi-font-weight: normal"><U><SPAN =
lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><FONT=20
      color=3D#0000ff>Takeovers, Restructuring and Corporate=20
      Governance</FONT>:</SPAN></U></B><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">=20
      <B style=3D"mso-bidi-font-weight: normal">This course provides =
students with=20
      an exploration of Takeovers, Mergers, Divestitures, including =
strategies=20
      and empirical evidence, with examples drawn from International and =
Russian=20
      experience. <U>Thursdays </U></B></SPAN><U><st1:time Minute=3D"0"=20
      Hour=3D"19"><B style=3D"mso-bidi-font-weight: normal"><SPAN =
lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">7pm=20
      to 10pm</SPAN></B></st1:time><B style=3D"mso-bidi-font-weight: =
normal"><SPAN=20
      lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">,=20
      Konstantin Kontor</SPAN></B></U></FONT></P>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT=20
      color=3D#000000><FONT color=3D#0000ff><B=20
      style=3D"mso-bidi-font-weight: normal"><U><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">Principles=20
      of Business Law: </SPAN></U></B></FONT><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">This=20
      course will cover Origins and &nbsp;Theory of Law, Contract Law, =
Torts,=20
      the Court System and Procedure, Evidence, Debtor-Creditor Law, =
Negotiable=20
      Instruments and the Banking System, Property &amp; Business =
Organizations.=20
      As a survey course, each area will be touched on briefly. The =
course book=20
      is based on American law, but where differences exist Russian law =
will be=20
      explained.&nbsp;&nbsp;<U>Tuesdays, </U></SPAN></B><st1:time =
Minute=3D"0"=20
      Hour=3D"19"><B style=3D"mso-bidi-font-weight: normal"><U><SPAN =
lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">7pm=20
      to 10pm,</SPAN></U></B></st1:time><B=20
      style=3D"mso-bidi-font-weight: normal"><U><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">=20
      Vladimir Lissniak </SPAN></U></B><SPAN lang=3DEN-US=20
      style=3D"mso-ansi-language: EN-US"><o:p></o:p></SPAN></FONT></P>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT=20
      color=3D#000000><FONT color=3D#0000ff><B=20
      style=3D"mso-bidi-font-weight: normal"><U><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">Principles=20
      of Marketing:</SPAN></U></B></FONT><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><FONT=20
      color=3D#0000ff> </FONT><B style=3D"mso-bidi-font-weight: =
normal">This course=20
      provides students with an overview of marketing in a modern =
international=20
      business. The latest materials and case studies are used in this =
course.=20
      <U>Mondays </U></B></SPAN><st1:time Minute=3D"0" Hour=3D"19"><B=20
      style=3D"mso-bidi-font-weight: normal"><U><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">7pm=20
      to 10pm</SPAN></U></B></st1:time><B=20
      style=3D"mso-bidi-font-weight: normal"><U><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">,=20
      Tom Nastas </SPAN></U></B></FONT></P>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT=20
      color=3D#000000><FONT color=3D#0000ff><B=20
      style=3D"mso-bidi-font-weight: normal"><U><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">Business=20
      Development Strategies (Entrepreneurship): =
</SPAN></U></B></FONT><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">This=20
      course provides students with many cases involving the development =
of new=20
      and continuing both in =
</SPAN></B><st1:country-region><st1:place><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: =
12.0pt">Russia</SPAN></B></st1:place></st1:country-region><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">=20
      and in other countries. Several leading business people will be =
guest=20
      speakers for this course. <U>Wednesdays </U></SPAN></B><st1:time=20
      Minute=3D"0" Hour=3D"19"><B style=3D"mso-bidi-font-weight: =
normal"><U><SPAN=20
      lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">7=20
      pm to 10pm</SPAN></U></B></st1:time><B=20
      style=3D"mso-bidi-font-weight: normal"><U><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt">,=20
      Tom Nastas</SPAN></U></B><SPAN lang=3DEN-US=20
      style=3D"mso-ansi-language: EN-US"> <o:p></o:p></SPAN></FONT></P>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT=20
      color=3D#000000><SPAN><STRONG><FONT color=3D#0000ff><U><FONT=20
      color=3D#ff0000>NEW!</FONT> <SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-weight: bold; =
mso-bidi-font-style: italic; mso-fareast-font-family: 'Times New Roman'; =
mso-fareast-language: RU; mso-bidi-language: AR-SA"><U><FONT=20
      color=3D#0000ff>International Human Resource=20
      Management</FONT>&nbsp;</U></SPAN></U></FONT>:&nbsp; <SPAN =
lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-weight: bold; =
mso-bidi-font-style: italic; mso-fareast-font-family: 'Times New Roman'; =
mso-fareast-language: RU; mso-bidi-language: AR-SA">This=20
      new course aims at presenting the Human Resource Management =
theories and=20
      practices through a modern and international perspective for MBA =
students.=20
      With support of international case studies from leading business =
schools,=20
      the lectures will be interactive and fun and offer the students a =
broad=20
      spectrum of examples to develop their knowledge in this field. =
Although=20
      this course is designed for students with no prior knowledge of =
HRM,=20
      people familiar with this area will however gain from the =
Cross-Cultural=20
      insight distilled throughout the lectures. <U>MONDAYS =
</U></SPAN><st1:time=20
      Minute=3D"0" Hour=3D"19"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-weight: bold; =
mso-bidi-font-style: italic; mso-fareast-font-family: 'Times New Roman'; =
mso-fareast-language: RU; mso-bidi-language: AR-SA"><U>7pm=20
      to 10pm</U></SPAN></st1:time></STRONG><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-weight: bold; =
mso-bidi-font-style: italic; mso-fareast-font-family: 'Times New Roman'; =
mso-fareast-language: RU; mso-bidi-language: AR-SA"><U><STRONG>,=20
      Jerome Dumetz</STRONG> </U></SPAN></SPAN></FONT></P>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT=20
      color=3D#000000><SPAN><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-weight: bold; =
mso-bidi-font-style: italic; mso-fareast-font-family: 'Times New Roman'; =
mso-fareast-language: RU; mso-bidi-language: =
AR-SA"></SPAN></SPAN></FONT><FONT=20
      color=3D#000000><FONT color=3D#0000ff><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><STRONG><SPAN=20
      lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-style: italic; =
mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: RU; =
mso-bidi-language: AR-SA"><U><FONT=20
      color=3D#0000ff><FONT color=3D#ff0000>NEW!</FONT> Advanced=20
      Marketing</FONT>:</U> T</SPAN><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-style: italic; =
mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: RU; =
mso-bidi-language: AR-SA">his=20
      course will include sections on Product Development, Branding and=20
      Marketing Research. This course will be taught by leading =
Marketing=20
      specialists in </SPAN><st1:City><st1:place><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-style: italic; =
mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: RU; =
mso-bidi-language: AR-SA">Moscow</SPAN></st1:place></st1:City><SPAN=20
      lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-style: italic; =
mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: RU; =
mso-bidi-language: AR-SA">=20
      and will emphasize the Russian application of Marketing issues.=20
      <U>SATURDAYS </U></SPAN><st1:time Minute=3D"0" Hour=3D"10"><SPAN =
lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-style: italic; =
mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: RU; =
mso-bidi-language: AR-SA"><U>10=20
      AM TO 1 PM</U></SPAN></st1:time><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-ansi-language: EN-US; mso-bidi-font-style: italic; =
mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: RU; =
mso-bidi-language: AR-SA"><U>,=20
      Dimitry Vechkanov, George Gorshkov and representatives from=20
      Comcon</U>.</SPAN></STRONG></SPAN></FONT></FONT></P>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT=20
      color=3D#000000></FONT></SPAN></SPAN></SPAN></FONT></SPAN><SPAN =
lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US"><FONT=20
      color=3D#000000><SPAN style=3D"FONT-SIZE: 10pt"><SPAN lang=3DEN-US =

      style=3D"mso-ansi-language: EN-US"><SPAN=20
      style=3D"FONT-SIZE: =
10pt"></SPAN></SPAN></SPAN></FONT></SPAN>&nbsp;</P></DIV>
      <DIV class=3DMsoNormal=20
      style=3D"COLOR: #3366ff; TEXT-ALIGN: justify; mso-margin-top-alt: =
auto; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt; =
mso-margin-bottom-alt: auto"=20
      align=3Dcenter><SPAN lang=3DEN-US=20
      style=3D"mso-ansi-language: =
EN-US"><STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT=20
      =
color=3D#333399>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;&nbsp;</FONT></STRONG></SPAN><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 11pt; COLOR: #333399; mso-ansi-language: =
EN-US">For more=20
      information:<o:p></o:p></SPAN></B></DIV>
      <P class=3DMsoNormal style=3D"TEXT-ALIGN: center" =
align=3Dcenter><B=20
      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 11pt; COLOR: #333399; mso-ansi-language: =
EN-US">call at=20
      438-1439, 438-0830; <A =
href=3D"http://www.aibec.org/">www.aibec.org</A>; <A=20
      =
href=3D"mailto:aibec@aibec.org">aibec@aibec.org</A></SPAN></B><SPAN=20
      lang=3DEN-US=20
      style=3D"COLOR: #333399; mso-ansi-language: =
EN-US"><o:p></o:p></SPAN></P></SPAN></FONT></FONT></FONT></H3><SPAN=20
      lang=3DEN-US style=3D"FONT-SIZE: 10pt; mso-ansi-language: =
EN-US"><FONT=20
      color=3D#000000><SPAN style=3D"FONT-SIZE: 10pt"><SPAN lang=3DEN-US =

      style=3D"mso-ansi-language: EN-US"><SPAN style=3D"FONT-SIZE: =
10pt">
      <P class=3DMsoNormal=20
      style=3D"MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 35.7pt; COLOR: #3366ff; =
TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; =
mso-list: l0 level1 lfo1; tab-stops: list 36.0pt; mso-margin-bottom-alt: =
auto"=20
      align=3Dcenter><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 10pt; mso-ansi-language: EN-US; =
mso-bidi-font-size: 12.0pt"><o:p><FONT=20
      color=3D#000000>&nbsp;</FONT></P>
      <P class=3DMsoNormal=20
      style=3D"MARGIN-LEFT: 18pt; COLOR: #3366ff; TEXT-ALIGN: justify; =
mso-margin-top-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list =
36.0pt; mso-margin-bottom-alt: auto"=20
      align=3Djustify><FONT color=3D#333399=20
      size=3D3></FONT></o:p></SPAN></SPAN></SPAN></SPAN></FONT></SPAN><B =

      style=3D"mso-bidi-font-weight: normal"><SPAN lang=3DEN-US=20
      style=3D"FONT-SIZE: 11pt; COLOR: #333399; mso-ansi-language: =
EN-US"></SPAN></B><SPAN=20
      lang=3DEN-US=20
      style=3D"COLOR: #333399; mso-ansi-language: =
EN-US"><o:p></o:p></SPAN>&nbsp;</P></TD></TR></TBODY></TABLE>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: justify"><B><SPAN lang=3DEN-US =

style=3D"COLOR: #333399; mso-ansi-language: =
EN-US">&nbsp;<o:p></o:p></SPAN></B></P>
<P class=3DMsoNormal><SPAN lang=3DEN-US=20
style=3D"COLOR: #333399; mso-ansi-language: =
EN-US"><o:p>&nbsp;</o:p></SPAN></P></FONT></DIV>
<P></P></SPAN>
<P></P></BODY></HTML>

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