A Special Thank You

TO RETIRING ARES BOARD OF DIRECTORS MEMBERS

WHO HAVE COMPLETED THEIR TERM

 The ARES Board wants to take this opportunity to thank

Susan Cannon of DePaul University

Ronald W. Kaiser of Bailard, Inc.

Zhong Y. Tong of U.S. Department of Treasury

Elaine Worzala of Clemson University

for their devoted service as members of the ARES Board of Directors over their five-year terms, 2006-2011. They have been pro-active members and leaders of ARES for many years of its 28-year history.

AND CONGRATULATIONS TO OUR NEWLY ELECTED

BOARD OF DIRECTORS MEMBERS

who will serve a five-year term on the Board, 2011-2016:

John Williams of Morehouse College

Sean Salter of Middle Tennessee University

Elaine Worzala of Clemson University