GOLF FEDERATION IN ARMENIA

A1+
03:36 pm] 27 April, 2007

A golf federation has opened in Armenia. The federation was officially
registered in December, 2006.

Egor Melikyan, the president of the federation, says they are
presently negotiating with the World and European federations for
further membership.

"They fully realise that Armenia is a weak country from economic point
of view and they have fixed special membership dues for us. But matter
is not fully considered."

It is noteworthy that the Armenian people have recently become
interested in golf and the number of players has significantly
increased. Golf is the most profitable sports in many developed
countries. The annual income of many players exceeds $30 million.