For Immediate Release ~ February 28, 2011

Contact: Sarkis Kotanjian ~ 818-243-6222

Los Angeles, CA – Armenia Fund, Inc., the U.S. Western Region affiliate of “Hayastan” All-Armenian Fund, is pleased to announce the re-election of its Chairman, Ara Aghishian, Esq.

On Wednesday, February 23, 2011, the Corporate Board of Armenia Fund, Inc. unanimously re-elected Ara Aghishian to the post of Chairman/President. Mr. Aghishian had been at this position since March 2009 and previously served as Vice-President of the Fund since 2001.

Present at the meeting were the Honorable Grigor Hovhannissian, Consul General of the Republic of Armenia, Archbishop Hovnan Derderian, Primate of the Western Diocese of the Armenian Apostolic Church, Father Gomidas Torossian representing His Eminence Archbishop Moushegh Mardirossian, Prelate of the Western Prelacy of the Armenian Apostolic Church, Pastor Krikor Chahinian of the Armenian Catholic Eparchy, Rev. Joseph Matossian of the Armenian Evangelical Union of America, Mr. Al Cabraloff of the Armenian Assembly of America, Ms. Anahid Stepanian representing Mr. Avedik Izmirlian of the Armenian Cultural Foundation, Mr. Haig Messerlian of the Armenian General Benevolent Union WDC, Ms. Arousyak Melkonian of the Armenian Relief Society of Western USA, Mr. Vasken Khodanian of Nor Serount Cultural Association, and Mr. Hagop Nazarian of Tekeyan Cultural Association.

Mr. Ara Boyajian of Toronto, Canada, a member of the Armenia Fund International Board of Trustees, was present at the meeting as a guest and congratulated Ara Aghishian on behalf of the International Board and wished him a productive and successful term.

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 of California, 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.

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 $200 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# 95-4485698