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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>Enlclosed is the FALL 2006 AIBEc schedule. In
addition to the usual Fall Courses ie Financial Accounting, Corporate Finance,
Managerial Accounting etc. AIBEc will be offering a couple of NEW
courses:</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>PUBLIC AND MEDIA RELATIONS will cover these topics
on an international and Russian perspective and will be taught by John Harrison
who has many years experience in these areas and is currently the editor in
chief of Passport Magazine.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>UNDERSTANDING UNSPOKEN BUSINESS PRACTICES PART
TWO will again be taught by Ekaterina Mikhailova who is a Phd with many
years experience in this area and has written a number of books related to this
topic.</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><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial"><SPAN id=hbblock> </DIV><LABEL id=HbSession
SessionId="1485301322"></LABEL>
<DIV><FONT face="Arial Cyr" size=2>
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<H3 style="TEXT-ALIGN: center" align=center><FONT size=4><FONT
face=Arial><FONT color=#ff0000><SPAN lang=EN-US
style="FONT-SIZE: 12pt; mso-ansi-language: EN-US">
<H3 style="TEXT-ALIGN: center" align=center><FONT size=5><FONT
color=#ff0000><SPAN lang=EN-US
style="FONT-SIZE: 12pt; mso-ansi-language: EN-US"><EM>Course
offerings, Fall Semester:<o:p></o:p></EM></SPAN></FONT></FONT></H3>
<H3 style="TEXT-ALIGN: center" align=center><FONT size=4><FONT
color=#ff0000><EM><SPAN lang=EN-US
style="FONT-SIZE: 12pt; mso-ansi-language: EN-US">September 18
- December 17, </SPAN><st1:date Year="2003" Day="21" Month="8"><SPAN
lang=EN-US
style="FONT-SIZE: 12pt; mso-ansi-language: EN-US">2006</SPAN></st1:date></EM></FONT></FONT></H3><SPAN
lang=EN-US style="FONT-SIZE: 10pt; mso-ansi-language: EN-US"><FONT
color=#000000><SPAN style="FONT-SIZE: 10pt"><SPAN lang=EN-US
style="mso-ansi-language: EN-US"><SPAN style="FONT-SIZE: 10pt">
<DIV class=MsoNormal
style="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"
align=justify>
<P class=MsoNormal
style="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"
align=center><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p><FONT
color=#000000><EM> </EM></FONT></P>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#000000><FONT color=#0000ff><B
style="mso-bidi-font-weight: normal"><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Financial
Accounting:</SPAN></U></B></FONT><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><FONT
color=#0000ff><SPAN style="mso-spacerun: yes"> </SPAN></FONT>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<U>. Fridays </U></SPAN></B><U><st1:time Minute="0"
Hour="19"><B style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">7pm
to 10pm</SPAN></B></st1:time><B style="mso-bidi-font-weight: normal"><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">,
Art Franczek</SPAN></B></U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"> <o:p></o:p></SPAN></FONT></P></o:p></SPAN>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#000000><FONT color=#0000ff><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><U>Managerial
Accounting:</U></SPAN></B></FONT><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><FONT
color=#0000ff> </FONT><B style="mso-bidi-font-weight: normal"><FONT
color=#0000ff><SPAN style="mso-spacerun: yes"> </SPAN></FONT>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. Wednesdays<U>
</U></B></SPAN><U><st1:time Minute="0" Hour="19"><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">7pm
to 10pm</SPAN></B></st1:time><B style="mso-bidi-font-weight: normal"><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">,
Art Franczek </SPAN></B></U></FONT></P>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#000000><FONT color=#0000ff><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><U>Comparative
Taxation: </U></SPAN></B></FONT><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">This
course provides students with a thorough review of tax systems of the
</SPAN></B><st1:country-region><st1:place><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">U.S.</SPAN></B></st1:place></st1:country-region><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">,
</SPAN></B><st1:country-region><st1:place><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Russia</SPAN></B></st1:place></st1:country-region><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
and other countries. The latest Russian Tax Reforms are discussed along
with Offshore Tax Havens and many other current topics. <U>Saturdays
10am to 1pm</U></SPAN><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><U>,
Art Franczek</U></SPAN></B></FONT></P><FONT color=#000000><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
<P class=MsoNormal
style="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"
align=justify><FONT color=#000000><U><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><FONT
color=#0000ff>Corporate Finance</FONT>:</SPAN></B></U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><U>
</U><B style="mso-bidi-font-weight: normal">This course is an introduction
to allocation of capital over time, capital budgeting, financial
management and other topics using basic mathematical models. This
course focuses upon the application of Corporate Finance issues in
Russia.<U> Tuesdays </U></B></SPAN><U><st1:time Minute="0"
Hour="19"><B style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">7pm
to 10pm</SPAN></B></st1:time><B style="mso-bidi-font-weight: normal"><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">,
Konstantin Kontor</SPAN></B></U></FONT></P></SPAN></B></FONT>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#000000><B style="mso-bidi-font-weight: normal"><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><FONT
color=#0000ff>Takeovers, Restructuring and Corporate
Governance</FONT>:</SPAN></U></B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
<B style="mso-bidi-font-weight: normal">This course provides students with
an exploration of Takeovers, Mergers, Divestitures, including strategies
and empirical evidence, with examples drawn from International and Russian
experience. <U>Thursdays </U></B></SPAN><U><st1:time Minute="0"
Hour="19"><B style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">7pm
to 10pm</SPAN></B></st1:time><B style="mso-bidi-font-weight: normal"><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">,
Konstantin Kontor</SPAN></B></U></FONT></P>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#000000><FONT color=#0000ff><B
style="mso-bidi-font-weight: normal"><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Principles
of Business Law: </SPAN></U></B></FONT><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">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. <U>Tuesdays, </U></SPAN></B><st1:time Minute="0"
Hour="19"><B style="mso-bidi-font-weight: normal"><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">7pm
to 10pm,</SPAN></U></B></st1:time><B
style="mso-bidi-font-weight: normal"><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
Vladimir Lissniak </SPAN></U></B><SPAN lang=EN-US
style="mso-ansi-language: EN-US"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#000000><FONT color=#0000ff><B
style="mso-bidi-font-weight: normal"><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Principles
of Marketing:</SPAN></U></B></FONT><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><FONT
color=#0000ff> </FONT><B style="mso-bidi-font-weight: normal">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.
<U>Mondays </U></B></SPAN><st1:time Minute="0" Hour="19"><B
style="mso-bidi-font-weight: normal"><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">7pm
to 10pm</SPAN></U></B></st1:time><B
style="mso-bidi-font-weight: normal"><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">,
Tom Nastas </SPAN></U></B></FONT></P>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#000000><FONT color=#0000ff><B
style="mso-bidi-font-weight: normal"><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Business
Development Strategies (Entrepreneurship): </SPAN></U></B></FONT><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">This
course provides students with many cases involving the development of new
and continuing venture capital issues both in
</SPAN></B><st1:country-region><st1:place><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Russia</SPAN></B></st1:place></st1:country-region><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
and in other countries. Several leading business people will be guest
speakers for this course. <U>Wednesdays </U></SPAN></B><st1:time
Minute="0" Hour="19"><B style="mso-bidi-font-weight: normal"><U><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">7
pm to 10pm</SPAN></U></B></st1:time><B
style="mso-bidi-font-weight: normal"><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">,
Tom Nastas</SPAN></U></B><SPAN lang=EN-US
style="mso-ansi-language: EN-US"> <o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#000000><SPAN><STRONG><FONT color=#0000ff><U> <SPAN lang=EN-US
style="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
color=#0000ff>International Human Resource
Management</FONT> </U></SPAN></U></FONT>: <SPAN lang=EN-US
style="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
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. <U>MONDAYS </U></SPAN><st1:time
Minute="0" Hour="19"><SPAN lang=EN-US
style="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
to 10pm</U></SPAN></st1:time></STRONG><SPAN lang=EN-US
style="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>,
Jerome Dumetz</STRONG> </U></SPAN></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#000000><FONT color=#0000ff><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><STRONG><SPAN
lang=EN-US
style="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
color=#0000ff>Marketing Research</FONT><FONT
color=#000000> :</FONT></U> This is a new course at AIBEc that
will focus upon the application of International Marketing Research
methods in a Russian business environment. <U>THURSDAYS 7pm to 10pm
Gregory Troussov, Professor</U></SPAN></STRONG></SPAN></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#000000><FONT color=#0000ff><U> </U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><U><SPAN
class=th2><SPAN><STRONG><FONT color=#0000ff><FONT
color=#ff0000>NEW!</FONT></FONT></STRONG></SPAN></SPAN> Understanding
Unspoken Business Patterns PART TWO:</U> </SPAN></FONT></FONT><FONT
color=#000000><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">This
course examines the manifestations and roots of the irrational, both
positive and destructive processes in corporations. Of particular interest
will be the ideas and particular tools for better understanding of the
unconscious needs and emotional reasoning that usually stay shadowed and
unspoken. <U>Fridays <st1:time Minute="0" Hour="19"><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">7pm
to 10pm</SPAN></B></st1:time></U></SPAN><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><U>, Ekaterina
Mikhailova</U></SPAN></B></FONT></P>
<P class=MsoNormal
style="MARGIN-LEFT: 18pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
color=#ff0000><U>NEW! </U></FONT><FONT color=#0000ff><U>Media and Public
Relations:</U> </FONT><FONT color=#000000>This is a new and innovative
course that compares the nature of Public Relations in both a Russian and
International context. It covers such topics as how a company deals with
scandals , how to deal with the media, and the role of PR in government.
In addition Many other PR and Media issues will be addressed.<U> SATURDAYS
1PM TO 4PM, John
Harrison,</U></FONT></SPAN></SPAN></SPAN></FONT></SPAN></P></DIV>
<DIV class=MsoNormal
style="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"
align=center><SPAN lang=EN-US
style="mso-ansi-language: EN-US"><STRONG> <FONT
color=#333399> </FONT></STRONG></SPAN><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 11pt; COLOR: #333399; mso-ansi-language: EN-US">For more
information:<o:p></o:p></SPAN></B></DIV>
<P class=MsoNormal style="TEXT-ALIGN: center" align=center><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 11pt; COLOR: #333399; mso-ansi-language: EN-US">call at
438-1439, website: <A
href="http://www.aibec.org/">www.aibec.org</A>; e-mail
;info.aibec@co.ru</SPAN></B></P></SPAN></FONT></FONT></FONT></H3><SPAN
lang=EN-US style="FONT-SIZE: 10pt; mso-ansi-language: EN-US"><FONT
color=#000000><SPAN style="FONT-SIZE: 10pt"><SPAN lang=EN-US
style="mso-ansi-language: EN-US"><SPAN style="FONT-SIZE: 10pt">
<P class=MsoNormal
style="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"
align=center><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p><FONT
color=#000000> </FONT></P>
<P class=MsoNormal
style="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"
align=justify><FONT color=#333399
size=3></FONT></o:p></SPAN></SPAN></SPAN></SPAN></FONT></SPAN><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 11pt; COLOR: #333399; mso-ansi-language: EN-US"></SPAN></B><SPAN
lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US"><o:p></o:p></SPAN> </P></TD></TR></TBODY></TABLE><B><SPAN
lang=EN-US style="COLOR: #333399; mso-ansi-language: EN-US"><FONT face=Arial
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<DIV>
<P class=MsoNormal align=justify><B
style="mso-bidi-font-weight: normal"><I><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><U>Art
Franczek</U></SPAN></I></B><B style="mso-bidi-font-weight: normal"><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
(</SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN
style="FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt"><A
href="mailto:artf@online.ru"><I style="mso-bidi-font-style: normal"><SPAN
lang=EN-US
style="mso-ansi-language: EN-US">artf@online.ru</SPAN></I></A></SPAN></B><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">,
373 6241): Art holds an MBA and MST from </SPAN></B><st1:place><st1:PlaceName><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">DePaul</SPAN></B></st1:PlaceName><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
</SPAN><st1:PlaceType><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">University</SPAN></B></st1:PlaceType></st1:place><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
and is a CPA. He has many years of experience as a Tax Manager for a major
international company. He has taught at AIBEc for 10 years and has taught
over 1500 Russian students. He is currently co-chair of the Customs Committee at
Am Cham and has been an active participant on the Tax Committee for 10
years. He has written many articles on Accounting/Tax issues and has recently
published a workbook on IAS Accounting and is currently working with The World
Bank on a project to convert Russian Accounting to
IAS.<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="TEXT-ALIGN: justify" align=justify><B><I><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p> </o:p></SPAN></I></B><B><I><U><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Konstantin
Kontor</SPAN></U></I></B><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
(</SPAN></B><B><SPAN style="FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt"><A
href="mailto:kkontor@kkp-partners.ru"><EM><SPAN lang=EN-US
style="mso-ansi-language: EN-US">kkontor@kkp-partners.ru</SPAN></EM></A></SPAN></B><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><EM>):
</EM>Kostya holds an MBA from UCLA (a top ranked MBA Program) and has worked for
several years as the director of research for RINACO Plus, a major
</SPAN></B><st1:City><st1:place><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Moscow</SPAN></B></st1:place></st1:City><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
brokerage firm. He is one of the first students to graduate from AIBEc in 1992
and has taught finance at AIBEc since 1994.<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><EM><B><U><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Tom
Nastas</SPAN></U></B><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
(</SPAN></B><B><SPAN style="FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt"><A
href="mailto:tom@online.ru"><SPAN lang=EN-US
style="mso-ansi-language: EN-US">tom@online.ru</SPAN></A></SPAN></B></EM><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">):
Tom holds an MBA from </SPAN></B><st1:place><st1:PlaceName><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Michigan</SPAN></B></st1:PlaceName><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
</SPAN></B><st1:PlaceType><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">State</SPAN></B></st1:PlaceType></st1:place><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"> (
a top ranked MBA Program). He has many years of experience a Venture Capitalist
in </SPAN></B><st1:country-region><st1:place><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Russia</SPAN></B></st1:place></st1:country-region><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
and other emerging markets. He has several years of experience teaching
marketing at </SPAN></B><st1:place><st1:PlaceName><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">Michigan</SPAN></B></st1:PlaceName><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
</SPAN></B><st1:PlaceType><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">State</SPAN></B></st1:PlaceType><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">
</SPAN></B><st1:PlaceType><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">University</SPAN></B></st1:PlaceType></st1:place><B><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt">.<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p><B><SPAN><EM><U>Vladinir
Lissniak</U> <U>,(</U></EM><A
href="mailto:vlissniak@pericles.ru"><EM>vlissniak@pericles.ru</EM></A><U>
292-5188</U>): </SPAN></B><st1:City><st1:place><B><SPAN
lang=EN-US>Vladimir</SPAN></B></st1:place></st1:City><B><SPAN lang=EN-US>
represented </SPAN></B><st1:country-region><st1:place><B><SPAN
lang=EN-US>Russia</SPAN></B></st1:place></st1:country-region><B><SPAN
lang=EN-US> in </SPAN></B><st1:country-region><st1:place><B><SPAN
lang=EN-US>France</SPAN></B></st1:place></st1:country-region><B><SPAN
lang=EN-US> for a number of years as a diplomat. He has experience in bi-and
multilateral negotiations both in public and private sectors.
</SPAN></B><st1:City><st1:place><B><SPAN
lang=EN-US>Vladimir</SPAN></B></st1:place></st1:City><B><SPAN lang=EN-US> has
conducted negotiation seminars for Baker & McKenzie and for other
professional organizations. </SPAN></B></o:p></SPAN></B></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p><B><SPAN
lang=EN-US><U>Jerome Dumetz, (</U><A
href="mailto:jerome@clamart.net">jerome@clamart.net</A><U>): </U>A French
national, jerome studied in France, Holland and Russia. he has worked in Russia,
France, USA and Canada, also he has conducted variuos projects in other
countries. Jerome has taught Cross-Cultural Management at the Plekhonov
Russian Academy of Economics and is a visiting professor at the Mirbus
Institute, Essec Business School and other organisations. He is a comsultant to
various western companies in the field of cross-cultural management. He holds a
bachelors and a masters degree. Jerome has recently done presentations on
Cross-Cultural issues for The European Business Club and The American Chamber of
Commerce.</SPAN></B></o:p></SPAN></B></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p><B><SPAN
lang=EN-US><U>Gregory Troussov, (</U><A
href="mailto:troussov@expertkey.com">troussov@expertkey.com</A><U>):(</U><A
href="http://www.expertkey.com">www.expertkey.com</A><U>): </U>Gregory is the
president of "Kontakt-Expert" Consulting Company in Moscow, which provides
consulting services in the areas of strategy,marketing,performance management,
and personel development. Gregory holds an MBA from The University of Colorado
and has lived and worked in the US for several years. He has extensive
experience in applying Marketing Research Methodologies to Russian companies.
Also Gregory has taught marketing at the Economics Academy in Moscow. He has
recently written a book on Marketing in Developing Economies that will be
published soon.</SPAN></B></o:p></SPAN></B></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p><B><SPAN
lang=EN-US><U> </U></SPAN></B></o:p></SPAN></B><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p><SPAN><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p><SPAN><SPAN
lang=EN-US style="FONT-SIZE: 10pt; mso-ansi-language: EN-US"><SPAN lang=EN-US
style="mso-ansi-language: EN-US"><FONT face=Tahoma><FONT
face=Arial><STRONG><U>Ekaterina Mikhailova Phd</U> is a co-founder and a leading
counselor of the two affiliated training institutes: The personal Training
Center 'Klass" and Institute of Group and Family Psychotherapy and Psychology
(IGSPP). Since 1995 she has been teaching and training professionals both in the
fields of therapeeutic groupwork and interactive education. She is the author of
several books on various aspects of counseling, training coaching and
psychotherapy including "Vasilisa's Spindles" and the "Trifles of
Psychology".</STRONG></FONT></FONT></SPAN></SPAN></SPAN></o:p></SPAN></SPAN></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify"><SPAN lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p><SPAN><SPAN
lang=EN-US
style="FONT-SIZE: 10pt; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt"><o:p><SPAN><SPAN
lang=EN-US style="FONT-SIZE: 10pt; mso-ansi-language: EN-US"><SPAN lang=EN-US
style="mso-ansi-language: EN-US"><STRONG>John
Harrison</STRONG></SPAN></SPAN></SPAN></o:p></SPAN></P></SPAN></o:p></SPAN>
<P class=MsoNormal align=center><B style="mso-bidi-font-weight: normal"><SPAN
lang=EN-US style="FONT-SIZE: 11pt; COLOR: #333399; mso-ansi-language: EN-US">For
more information:<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="TEXT-ALIGN: center" align=center><B
style="mso-bidi-font-weight: normal"><SPAN lang=EN-US
style="FONT-SIZE: 11pt; COLOR: #333399; mso-ansi-language: EN-US">call at
438-1439, 438-0830; <A href="http://www.aibec.org/">www.aibec.org</A>; <A
href="mailto:info.aibec@co.ru">info.aibec@co.ru</A></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></FONT></DIV><o:p></o:p></SPAN></B>
<P class=MsoNormal><SPAN lang=EN-US
style="COLOR: #333399; mso-ansi-language: EN-US"><o:p> </o:p></SPAN></P></FONT></DIV>
<P></P></SPAN>
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