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U.S.-UKRAINE FOUNDATION (USUF) Joins The U.S.-Ukraine Business Council (USUBC)

August 27, 2007

The Executive Committee of the Board of Directors of the U.S.-Ukraine Business Council (USUBC) has just approved the U.S.-Ukraine Foundation (USUF) as the 43rd member of the Council.

Nadia K. McConnell, Co-Founder and President of the Foundation, informed us about USUF's interest in becoming a member of the U.S.- Ukraine Business Council (USUBC).  John A. Kun is Vice-President/ Chief Operating Officer and Markian Bilynskyj is Vice-President/ Director of Field Operations in Ukraine.

The U.S.-Ukraine Foundation, a 501(c)(3) tax-exempt organization incorporated in 1991, is committed to the democratic and economic development of Ukraine.

With a network of offices in Washington, Kyiv, Cherkasy, Donetsk, Kherson and Lviv that aids in the implementation of comprehensive, national programs, the Foundation has launched numerous economic development initiatives incorporating communications, public policy reform, and training elements.

Through its USAID-funded U.S.-Ukraine Community Partnerships Project, for example, the Foundation incorporated training and education in economic development for Ukrainian cities throughout the country.

Within the Foundation's U.S.-Ukraine Policy Dialogue Project, sponsored by the U.S. Department of State, a Business and Economics focus area targeted specific issues related to Ukraine's economic development.

Along with an effective, on-the-ground operational system in Ukraine, the U.S.-Ukraine Foundation also has an expanding communications network.

This includes Internet websites, such as www.usukraine.org, www.businessinukraine.org, www.traveltoukraine.org, www.buyukraine.org, and www.exchangeusa.org, and e-newsletters, such as BizLinks and Update.

Realizing the importance of the Foundation's outreach assets, governmental agencies, companies and entrepreneurs have sought the assistance of the Foundation through various venues.

For example, within the past year, the Foundation webcasted a presentation on investment prospects in Ukraine by Natalie A. Jaresko, Managing Partner of Horizon Capital.

The Foundation has also focused attention on Ukrainian businessmen visiting  the U.S. in holding Business Roundtable Series events at the Embassy of Ukraine.

To promote an open exchange of information from corporate, government, educational and non-profit entities, the Foundation created the business site, www.businessinukraine.org.  The website includes business reports, upcoming business events, laws and regulations in Ukraine, economic statistical data and practical legal advice about doing business in Ukraine.

Understanding the importance of the travel sector to Ukraine's economy, the Foundation wanted to promote its further development by launching the website, www.traveltoukraine.org, this past year.  The site is a comprehensive informational resource for the business and pleasure traveler to Ukraine.

The Foundation's business communications incorporates the e-newsletter, BizLinks, a free publication promoting the 'market of Ukraine' by advertising events, conferences, employment opportunities and reports regarding business in Ukraine.

The Foundation will continue to seek initiatives in Ukraine that promote Ukraine's economic and democratic development.  It is currently working with the newly registered commercial operations arm of its Ukrainian sister organization, the Pylyp Orlyk Institute for Democracy (POID), to explore just such possibilities.

The U.S.-Ukraine Foundation appreciates the support and cooperation of the business community in pursuing its mission.

USUF is the 21th new member for the U.S.-Ukraine Business Council in the last eight months. The Council's goal is to double its membership in 2007 to at least 50 to 60 members.

The Council's membership is now the largest it has been since it was organized in 1995.