Armenia Fund, Inc.
111 North Jackson St. Ste. 205
Glendale, CA 91206

Tel: 818-243-6222
Fax: 818-243-7222
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PRESS RELEASE

Contact ~ Sarkis Kotanjian
info@armeniafund.org

Armenia Fund, Inc. Elects New President

Los Angeles, CA – Armenia Fund, Inc., the U.S. Western Region affiliate
of `Hayastan’ All-Armenian Fund, is pleased to announce the election of
its new president, Ara Aghishian, Esq

On Thursday, March 26, 2009, the Corporate Board of Armenia Fund, Inc.
unanimously elected Ara Aghishian to the post of Chairman/President. Mr.
Aghishian has been Vice President of the Fund since 2001.

Present at the meeting were the Honorable Grigor Hovhannisyan, Consul
General of the Republic of Armenia, Archbishop Hovnan Derderian, Primate
of the Western Diocese of the Armenian Apostolic Church, Archbishop
Moushegh Mardirossian, Prelate of the Western Prelacy of the Armenian
Apostolic Church, Fr. Antoine Saroyan of the Armenian Catholic Eparchy,
Rev. Joseph Matossian of the Armenian Evangelical Union of America, Mr.
Al Cabraloff of the Armenian Assembly of America, Mr. Avedik Izmirlian
of the Armenian Cultural Foundation, Dn. Vahe Charkhutian of the
Armenian General Benevolent Union SCDC, Ms. Sossie Poladian of the
Armenian Relief Society of Western USA, Dr. Hampig Sarafian of Nor
Serount Cultural Association, and Mr. Ara Aharonian of Tekeyan Cultural
Association.

Mr. Aghishian has been in private legal practice since 1988 in
California. He is admitted to practice law in all the courts of the
State, all Federal District Courts in California, the 9th U.S. District
Court of Appeal and the U.S. Supreme Court. Mr. Aghishian heads the Law
Offices of Ara Aghishian with offices in Encino, San Diego, and
Sacramento. His client base consists of Fortune 500 companies as well as
the City of Los Angeles.

He is a member of the California State Bar, the Los Angeles County and
American Bar Associations, as well as the Armenian Bar Association. He
has served as Judge Pro Tem of the Los Angeles Superior Court for
several years. Mr. Aghishian has received several commendations and
recognitions for his volunteer services to the legal profession.

For 15 years, Mr. Aghishian served as the Secretary of the Board of
Trustees of TCA Arshag Dickranian Armenian School in Hollywood, CA. He
is a former Chairman of the San Fernando Valley Chapter of the Armenian
General Benevolent Union. He is a former member of the AGBU Asbeds and
AGBU SCDC. Mr. Aghishian is a Godfather of the Mother Cathedral of the
Western Diocese of the Armenian Apostolic Church.

Mr. Aghishian is married to Julia Yeranossian and a proud father of a
daughter, Alexandra. In the spirit of philanthropy and furthering
Armenian studies, Mr. and Mrs. Aghishian have sponsored Armenian
language, culture and history programs at the University of California,
Los Angeles, the University of Southern California, and various Armenian
schools in the U.S. and Canada.

In 2008, Mr. and Mrs. Aghishian were the Honorary Presidents of the
Armenia Fund Canada (Montreal) chapter’s annual gala. Besides sponsoring
various other charitable causes, Mr. and Mrs. Aghishian have sponsored
various projects of the Armenia Fund U.S. Western Region.

Armenia Fund, Inc., is a non-profit 501(c)(3) tax-exempt corporation
established in 1994 to facilitate large-scale humanitarian and
infrastructure development assistance to Armenia and Nagorno Karabakh.
Since 1991, Armenia Fund has rendered more than $190 million in
development aid to Armenia and Nagorno Karabakh. Armenia Fund, Inc. is
the U.S. Western Region affiliate of `Hayastan’ All-Armenian Fund. Tax
ID# 95-448569