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<DIV style="FONT: 10pt arial"><SPAN id=hbblock><SPAN id=hbblock><SPAN
id=hbblock><FONT face="Arial Cyr" size=2><FONT face=Arial> DEAR
AIBECERS:</FONT></FONT></SPAN></SPAN></SPAN></DIV>
<DIV style="FONT: 10pt arial"><SPAN><SPAN><SPAN><FONT face="Arial Cyr"
size=2><FONT face=Arial></FONT></FONT></SPAN></SPAN></SPAN> </DIV>
<DIV style="FONT: 10pt arial"><SPAN><SPAN><SPAN><FONT face="Arial Cyr"
size=2><FONT face=Arial>AS YOU MAY ALREADY KNOW, AIBEC IS HOLDING ITS SEMIANNUAL
ENTRANCE EXAM ON DEC. 10TH 2005. IT WOULD BE GREATLY APPRECIATED IF YOU COULD
TELL YOUR FRIENDS AND COLLEAGUES ABOUT AIBEC AND HOW AIBEC WORKS WITH YOU TO
ADVANCE YOUR CAREERS.</FONT></FONT></SPAN></SPAN></SPAN></DIV>
<DIV style="FONT: 10pt arial"><SPAN><SPAN><SPAN><FONT face="Arial Cyr"
size=2><FONT face=Arial></FONT></FONT></SPAN></SPAN></SPAN> </DIV>
<DIV style="FONT: 10pt arial"><SPAN><SPAN><SPAN><FONT face="Arial Cyr"
size=2><FONT face=Arial>ALSO CAN YOU SEND THIS ANNOUNCEMENT TO YOUR FORMER
INSTITUTES OR UNIVERSITIES TO THOSE STUDENTS WHO MIGHT HAVE AN INEREST IN AN
MBA.</FONT></FONT></SPAN></SPAN></SPAN></DIV>
<DIV style="FONT: 10pt arial"><SPAN><SPAN><SPAN><FONT face="Arial Cyr"
size=2><FONT face=Arial></FONT></FONT></SPAN></SPAN></SPAN> </DIV>
<DIV style="FONT: 10pt arial"><SPAN><SPAN><SPAN><FONT face="Arial Cyr"
size=2><FONT face=Arial>THANKS,</FONT></FONT></SPAN></SPAN></SPAN></DIV>
<DIV style="FONT: 10pt arial"><SPAN><SPAN><SPAN><FONT face="Arial Cyr"
size=2><FONT face=Arial>ART FRANCZEK</FONT></DIV></FONT>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
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<P class=MsoNormal style="MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"
align=center><SPAN lang=EN-US
style="FONT-SIZE: 14pt; COLOR: #333399; FONT-FAMILY: Arial; mso-ansi-language: EN-US; mso-bidi-font-weight: bold">The
American Institute of Business and Economics, one of the oldest
business schools in </SPAN><st1:country-region><st1:place><SPAN
lang=EN-US
style="FONT-SIZE: 14pt; COLOR: #333399; FONT-FAMILY: Arial; mso-ansi-language: EN-US; mso-bidi-font-weight: bold">Russia</SPAN></st1:place></st1:country-region><SPAN
lang=EN-US
style="FONT-SIZE: 14pt; COLOR: #333399; FONT-FAMILY: Arial; mso-ansi-language: EN-US; mso-bidi-font-weight: bold">
announces </SPAN><SPAN lang=EN-US
style="FONT-SIZE: 14pt; COLOR: #333399; FONT-FAMILY: Arial; mso-ansi-language: EN-US; mso-bidi-font-weight: bold">its
Entrance Exam on December 10, 2005.</SPAN></P><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="COLOR: #333399; FONT-FAMILY: Arial; mso-ansi-language: EN-US">
<P class=MsoBodyText style="TEXT-ALIGN: center" align=center><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="COLOR: #333399; FONT-FAMILY: Arial; mso-ansi-language: EN-US">Join
Our High Quality International MBA Program </SPAN></B><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="COLOR: #333399; FONT-FAMILY: Arial; mso-ansi-language: EN-US">in
</SPAN></B><st1:City><st1:place><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="COLOR: #333399; FONT-FAMILY: Arial; mso-ansi-language: EN-US">Moscow!</SPAN></B></st1:place></st1:City><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="COLOR: #333399; FONT-FAMILY: Arial; mso-ansi-language: EN-US"><o:p></o:p></SPAN></B></P></SPAN></B>
<P class=MsoBodyText style="TEXT-ALIGN: justify"><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US">The American
Institute of Business and Economics (AIBEc) is one of the leading
MBA/Business Programs in </SPAN><st1:City><st1:place><SPAN
lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US">Moscow</SPAN></st1:place></st1:City><SPAN
lang=EN-US style="COLOR: #333399; mso-ansi-language: EN-US">. AIBEc
has a tradition of excellence in Business Training since 1989 and is
looking forward to being your partner in Business Training in the
future. On December 10</SPAN><st1:date Month="12" Day="7"
Year="2002"><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US">,
2005</SPAN></st1:date><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US">, AIBEc will be
holding its semiannual entrance exam, students who qualify on this
exam are entitled to pay a special rate of 450 s.u.per course
at AIBEc. AIBEc looks forward to seeing you participate in this exam
and qualifying for this special rate. This would provide you
with the highest quality Business Training at the most affordable
cost. Please read the following for details on this
exam:<o:p></o:p></SPAN></P>
<P class=MsoNormal
style="MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">1)
The students who pass this entrance exam will qualify as regular
AIBEc students and be entitled to the special rate
of 450s.u. per course (for an MBA).</SPAN></B><B><SPAN
lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US"><o:p></o:p></SPAN></B></P>
<P class=MsoNormal
style="MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">2)
The exam will take place at </SPAN></B><st1:time Minute="0"
Hour="10"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">10am</SPAN></B></st1:time><B><SPAN
lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">
(until </SPAN></B><st1:time Minute="30" Hour="12"><B><SPAN
lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">12:30</SPAN></B></st1:time><B><SPAN
lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">)
at AIBEc 23, Miklukho-Maklaya on December 10</SPAN></B><st1:date
Month="12" Day="7" Year="2002"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">,
2005</SPAN></B></st1:date><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">.<o:p></o:p></SPAN></B></P>
<P class=MsoNormal
style="MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">3)
The exam will be similar to a GMAT/TOEFL i.e. Grammar, Reading
Comprehension, Critical Reasoning, Math such as Geometry, Algebra
and Arithmetic, there will be 60 questions and students will have 2
hours to complete the exam.</SPAN></B><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US"><o:p></o:p></SPAN></B></P>
<P class=MsoNormal
style="MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">4)
Registration for the exam is at AIBEc from </SPAN></B><st1:time
Minute="0" Hour="11"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">10am</SPAN></B></st1:time><B><SPAN
lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">
to </SPAN></B><st1:time Minute="0" Hour="21"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">9pm</SPAN></B></st1:time><B><SPAN
lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">
Mon through Friday, the registration fee is 400 rubles and 2
photo are needed. YOU CAN ALSO REGISTER ONLINE OR BY
FAX.</SPAN></B></P>
<P class=MsoNormal
style="MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">5)
Results of the exam will be provided on Saturday
</SPAN></B><st1:date Month="12" Day="14" Year="2002"><B><SPAN
lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">December
17, 2005</SPAN></B></st1:date><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">
and at that time students will have an opportunity to register for
classes to be given in the Spring
Semester.<o:p></o:p></SPAN></B></P>
<P class=MsoNormal
style="MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">6)
Scholarships are available to those who demonstrated top scores on
the exam.</SPAN></B><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US"><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">7)
Call at 438-1439, 438-0830; e-mail: info.aibec@co.ru, or check out
AIBEc's web-site </SPAN></B><B><SPAN
style="COLOR: #333399; mso-bidi-font-size: 10.0pt"><A
href="http://www.aibec.org"><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US">www.aibec.org</SPAN></A></SPAN></B><B><SPAN
lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US; mso-bidi-font-size: 10.0pt">
for further details.</SPAN></B><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US"><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US"> <o:p></o:p></SPAN></B></P>
<P class=MsoNormal><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US"><o:p> </o:p></SPAN></P></TD></TR></TBODY></TABLE>
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style="COLOR: #333399; mso-ansi-language: EN-US"><o:p></o:p></SPAN></B></P></TD></TR></TBODY></TABLE>
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style="mso-ansi-language: EN-US"><o:p> </o:p></SPAN></P></FONT></DIV></SPAN>
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