NEW YORK, NY - We regret the actions of His Beatitude in filing a lawsuit against the Armenian General Benevolent Union (AGBU). We believe that His Beatitude has not been fully informed of the true position with regard to AGBU's operation of the Melkonian Educational Institute. AGBU remains committed to serve and pursue the best interests of the Armenian nation and not the particular interests of the few, no matter how vocal. The decision to close the Melkonian Educational Institute was carefully considered and is fully permitted under the terms of the unconditional grant made to AGBU. In addition, contrary to the allegations made, through the years AGBU has paid to the Patriarchate of Constantinople, pursuant to Garabed Melkonian's wishes, all sums provided for by him and much more, as evidenced by receipts and other documents. As throughout our history, AGBU will continue to honor the vision of its many generous benefactors including the late Garabed Melkonian, for the benefit of all Armenians worldwide.

AGBU CENTRAL BOARD OF DIRECTORS