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<DIV><FONT face=Arial size=2>DEAR AIBECERS:</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>REGISTRATION FOR THE SUMMER SEMESTER THAT BEGINS
MONDAY MAY 16TH IS NOW OPEN. PLEASE REGISTER EARLY SO THAT MATERIALS CAN BE
PREPARED FOR CLASSES.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>YOURS TRULY,</FONT></DIV>
<DIV><FONT face=Arial size=2>ART FRANCZEK</FONT></DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>DEAR AIBECERS:</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>FOR YOUR CONVENIENCE REGISTRATION FOR THE SUMMER
SEMESTER WILL BE OPEN ON MAY 10TH FROM 12PM TO 9PM.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>YOURS TRULY,</FONT></DIV>
<DIV><FONT face=Arial size=2>ART FRANCZEK</FONT></DIV>
<DIV style="FONT: 10pt arial">
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV style="FONT: 10pt arial">
<DIV> DEAR AIBECERS;</DIV>
<DIV> </DIV>
<DIV>THE AIBEC OFFICE WILL BE CLOSED DURING THE MAY HOLIDAYS ( MAY 2ND TO MAY
9TH) . AIBEC'S OFFICE WILL BE OPEN ON MAY 10TH. AIBEC WISHES EVERYONE A HAPPY
MAY HOLIDAYS.</DIV>
<DIV> </DIV>
<DIV>YOURS TRULY,</DIV>
<DIV>ART FRANCZEK</DIV>
<DIV> </DIV>
<DIV>ALSO:</DIV>
<DIV> </DIV>
<DIV>THE JOB/CAREER WORKSHOP HAS BEEN RESCHEDULED TO SUNDAY MAY 22 AT 3PM ( IT
WAS PREVIOUSLY ANNOUNCED AS SAT. MAY 21)</DIV></DIV>
<DIV><BR></DIV>
<DIV><BR> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV style="FONT: 10pt arial"> DEAR AIBECERS:</DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial">REGISTRATION IS NOW OPEN FOR THE SUMMER 2005
SEMESTER THAT BEGINS ON MAY 16TH. AS YOU WILL NOTICE JOHN SPEIR ONE OF AIBEC'S
MOST POPULAR PROFESSORS WILL BE COMING TO AIBEC IN MAY. JOHN HAS BEEN TEACHING
AT AIBEC SINCE 1994 AND HAS ALREADY PURCHASED HIS PLANE TICKET TO MOSCOW.</DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial">IF YOU HAVE ANY QUESTIONS PLEASE CALL ME.</DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial">YOURS TRULY,</DIV>
<DIV style="FONT: 10pt arial">ART FRANCZEK<BR></DIV>
<DIV><FONT face=Arial size=2>
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style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="COLOR: #333399"><FONT
face="Times New Roman"> <o:p></o:p></FONT></SPAN></P></TD>
<TD
style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 1.5pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 1.5pt; PADDING-BOTTOM: 1.5pt; BORDER-LEFT: #ece9d8; WIDTH: 520.9pt; PADDING-TOP: 1.5pt; BORDER-BOTTOM: #ece9d8; BACKGROUND-COLOR: transparent"
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style="mso-bidi-font-style: normal"><SPAN style="COLOR: #333399"><FONT
face="Times New Roman">THE AMERICAN INSTITUTE OF BUSINESS AND
ECONOMICS<o:p></o:p></FONT></SPAN></I></P>
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<TBODY>
<TR
style="HEIGHT: 77.75pt; mso-yfti-irow: 0; mso-yfti-lastrow: yes">
<TD
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width="99%">
<H3 style="MARGIN: auto 0in; TEXT-ALIGN: center"
align=center><FONT face="Times New Roman"><SPAN
style="mso-tab-count: 1">
</SPAN><I><U><SPAN style="FONT-SIZE: 12pt; COLOR: red">Course
offerings, Summer
Semester:<o:p></o:p></SPAN></U></I></FONT></H3>
<H3 style="MARGIN: auto 0in; TEXT-ALIGN: center"
align=center><FONT face="Times New Roman"><I><U><SPAN
style="FONT-SIZE: 12pt; COLOR: red">May 16-
</SPAN></U></I><st1:date Month="8" Day="19"
Year="2004"><I><U><SPAN
style="FONT-SIZE: 12pt; COLOR: red">August 19,
2004</SPAN></U></I></st1:date></FONT></H3>
<H3 style="MARGIN: auto 0in; TEXT-ALIGN: center"
align=center><I><U><SPAN
style="FONT-SIZE: 12pt; COLOR: red"><FONT
face="Times New Roman">First Summer Semester: May 16 - July
2</FONT></SPAN></U></I></H3>
<P class=MsoNormal
style="MARGIN: 0in 0in 12pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; tab-stops: list .5in"><FONT
face="Times New Roman"><SPAN
style="FONT-SIZE: 7pt; mso-fareast-font-family: Symbol">
</SPAN><B><SPAN style="FONT-SIZE: 10pt"><A
href="../WINDOWS/Application Data/Microsoft/Word/fin_act.htm">Financial
accounting</A> 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. <EM>Tuesday-Thursday,
19.00-22.00.</EM> <I><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Franczek">Arthur
Franczek</A>.</I><o:p></o:p></SPAN></B></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 12pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; tab-stops: list .5in"><FONT
face="Times New Roman"><SPAN
style="FONT-SIZE: 7pt; mso-fareast-font-family: Symbol"> </SPAN><B><SPAN
style="FONT-SIZE: 10pt"><A
href="../WINDOWS/Application Data/Microsoft/Word/websidetax.htm">Managerial
Economics</A> Applications of microeconomic theory to business
decision making including pricing, demand estimation, cost
analysis, competitive and noncompetitive market structures.
<EM>Monday-Wednesday, 19.00-22.00.</EM> <EM><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Franczek">John
Speir</A></EM><o:p></o:p></SPAN></B></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; tab-stops: list .5in"><FONT
face="Times New Roman"><SPAN
style="FONT-SIZE: 7pt; mso-bidi-font-style: italic; mso-fareast-font-family: Symbol; mso-bidi-font-weight: bold">
</SPAN><B><SPAN style="FONT-SIZE: 10pt"><A
href="../WINDOWS/Application Data/Microsoft/Word/websidecontrol.html">Operations
Management</A><SPAN style="mso-spacerun: yes"> </SPAN>A
survey of production-related topics with which all managers
should be familiar, including inventory management, project
scheduling, quality assurance and others.
<EM>Tuesday-Thursday19.00-22.00 <A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Franczek">John
Speir</A></EM><o:p></o:p></SPAN></B></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; tab-stops: list .5in"><EM><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><FONT
face="Times New Roman">
</FONT><A
href="../WINDOWS/Application Data/Microsoft/Word/market.htm"><FONT
face="Times New Roman">Principles of Marketing</FONT></A><FONT
face="Times New Roman">. Provides an overview of the role of
marketing in a modern international business. The latest
materials and case studies are used in this course.
Monday-Wednesday 19.00-22.00. </FONT></SPAN></B></EM><EM><B
style="mso-bidi-font-weight: normal"><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Nastas"><FONT
face="Times New Roman">Tom Nastas</FONT></A><SPAN
style="mso-spacerun: yes"><FONT face="Times New Roman">
</FONT></SPAN></SPAN></B></EM><FONT
face="Times New Roman"><B><I><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN></I><SPAN
style="mso-spacerun: yes"> </SPAN></B><B
style="mso-bidi-font-weight: normal"><I><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><o:p></o:p></SPAN></I></B></FONT></P>
<H3 style="MARGIN: auto 0in; TEXT-ALIGN: center"
align=center><I><U><SPAN
style="FONT-SIZE: 12pt; COLOR: red"><FONT
face="Times New Roman">Second Summer Semester: July 4- August
19</FONT></SPAN></U></I></H3>
<P class=MsoNormal
style="MARGIN: 0in 0in 12pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; tab-stops: list .5in"><B><SPAN
style="FONT-SIZE: 10pt"><FONT face="Times New Roman">
</FONT></SPAN></B></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN></SPAN><FONT
face="Times New Roman"><SPAN
style="FONT-SIZE: 7pt; COLOR: black; mso-fareast-font-family: Symbol"> </SPAN><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><A
href="../WINDOWS/Application Data/Microsoft/Word/corpfin.htm">Corporate
Finance</A> This course is an introduction to allocation of
capital over time, capital <SPAN class=grame>budgeting
,</SPAN> financial management and other topics, using basic
mathematical models.<I> Tuesday-Thursday,
19.00-22.00.</I> <I><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Kontor">Konstantin
Kontor</A></I></SPAN></B><SPAN
style="COLOR: #3366ff"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><SPAN
style="COLOR: #3366ff"><FONT
face="Times New Roman"> <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol"><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN></SPAN></B><FONT
face="Times New Roman"><B
style="mso-bidi-font-weight: normal"><U><SPAN
style="FONT-SIZE: 10pt; COLOR: blue; mso-bidi-font-style: italic">Negotiations
and Dispute Resolution</SPAN></U></B><B><I><U><SPAN
style="FONT-SIZE: 10pt; COLOR: black">:
</SPAN></U></I></B><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><SPAN
style="mso-spacerun: yes"> </SPAN>This course covers the
theoretical and practical aspects of negotiations and
includes many case studies and
exercises. </SPAN></B><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> <EM>Monday-Wednesday,
19.00-22.00.</EM> <I><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Kontor">Vladimir
Lissniak</A></I></SPAN></B><SPAN
style="COLOR: #3366ff"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><A
href="../WINDOWS/Application Data/Microsoft/Word/market.htm"></A></SPAN></B><SPAN
style="COLOR: #3366ff"><FONT
face="Times New Roman"> <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><FONT
face="Times New Roman"><EM><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN></EM><STRONG><I><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN></I></STRONG><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> <A
href="../WINDOWS/Application Data/Microsoft/Word/manact.htm">Managerial
Accounting</A></SPAN></STRONG><EM><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black">
</SPAN></B></EM><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black">Accounting for costs
with applications to managerial
decision
making. This course reviews such issues as Cost Allocation,
Activity Based Costing, Budgeting, Standard Costing, Just in
Time Inventory and many other topics.
</SPAN></STRONG><EM><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black">Tuesday-Thursday,
19.00-22.00. </SPAN></B></EM><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Franczek"><EM>Arthur
Franczek</EM></A></SPAN></STRONG><EM><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN></EM><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN><SPAN
style="COLOR: #3366ff"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><SPAN
style="COLOR: #3366ff"><FONT
face="Times New Roman"> <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><FONT
face="Times New Roman"><EM><B><U><SPAN
style="FONT-SIZE: 10pt; COLOR: blue; mso-bidi-font-size: 12.0pt">Sales
Management: </SPAN></U></B></EM><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black">This course
</SPAN></STRONG></FONT><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Tahoma; mso-bidi-font-size: 12.0pt">covers
both theoretical and practical aspects of sales management,
including topics such as sales forecasting, demand
forecasting, types of sales and other sales issues. It is
planned that this course will have some highly qualified guest
speakers on this topic.</SPAN></STRONG><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><FONT
face="Times New Roman"> </FONT></SPAN></STRONG><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Tahoma">Monday-Wednesday</SPAN></STRONG><FONT
face="Times New Roman"><EM><B><U><SPAN
style="FONT-SIZE: 10pt; COLOR: black">
</SPAN></U></B></EM><st1:time Hour="19"
Minute="0"><STRONG><I><U><SPAN
style="FONT-SIZE: 10pt; COLOR: black; mso-bidi-font-size: 12.0pt">7
pm to 10
pm</SPAN></U></I></STRONG></st1:time><STRONG><I><U><SPAN
style="FONT-SIZE: 10pt; COLOR: black; mso-bidi-font-size: 12.0pt">,
Tom Nastas, Professor.</SPAN></U></I></STRONG><EM><SPAN
style="FONT-SIZE: 10pt; COLOR: black">
<o:p></o:p></SPAN></EM></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><SPAN
style="COLOR: #3366ff"><FONT
face="Times New Roman"> <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><FONT
face="Times New Roman"><SPAN
style="FONT-SIZE: 10pt; COLOR: black">
</SPAN><SPAN
style="COLOR: #3366ff"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><FONT
face="Times New Roman"><EM><B><SPAN
style="COLOR: #3366ff"> </SPAN></B></EM><STRONG><SPAN
style="COLOR: #333399">
</SPAN></STRONG><B style="mso-bidi-font-weight: normal"><SPAN
style="FONT-SIZE: 11pt; COLOR: #333399">For more
information:<o:p></o:p></SPAN></B></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"
align=center><B style="mso-bidi-font-weight: normal"><SPAN
style="FONT-SIZE: 11pt; COLOR: #333399"><FONT
face="Times New Roman">call at 438-1439, 438-0830; </FONT><A
href="http://www.aibec.org/"><FONT
face="Times New Roman">www.aibec.org</FONT></A><FONT
face="Times New Roman">;
aibec@aibec.org</FONT></SPAN></B><SPAN
style="COLOR: #333399"><o:p></o:p></SPAN></P></TD></TR></TBODY></TABLE>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><B><SPAN
style="COLOR: #333399"><FONT
face="Times New Roman"> <o:p></o:p></FONT></SPAN></B></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="COLOR: #333399"><o:p><FONT
face="Times New Roman"> </FONT></o:p></SPAN></P></TD></TR></TBODY></TABLE>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"
align=center><B><SPAN style="COLOR: #333399"><o:p><FONT
face="Times New Roman"></FONT></o:p></SPAN></B></P></TD></TR></TBODY></TABLE>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="COLOR: black"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></P></FONT></DIV>
<P>
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