FAR: FAR & Megerian Rugs enter partnership to stimulate Econ Growth

PRESS RELEASE
Fund for Armenian Relief / Megerian Rugs
630 Second Avenue
New York, NY 10016;
Tel: (212) 889-5150
email: [email protected]
Web:

Megerian Rugs and the Fund for Armenian Relief enter partnership to
further stimulate economic growth in Armenia.

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Megerian Rugs and the Fund for Armenian Relief (FAR) are joining
together to foster the cultural traditions of Armenia, rebuild
infrastructure, and create stable jobs in far-reaching regions and
villages throughout the country.

"By partnering with FAR, the Megerian family seeks to build programs
that strengthen the labor force and facilitate economic growth and
social stability in Armenia" said John Megerian, the CEO of Megerian
Rugs.

The Megerian family has been involved in the buying, selling,
restoration, and production of fine oriental rugs for over four
generations. Inspired by traditional aesthetics, the Megerians create
hand-made rugs by delicately modifying antique designs and updating
color combinations to reflect modern trends and contemporary
style. Megerian also maintains environmentally conscious objectives
and utilizes only eco-friendly dyes and processes in their new lines
of luxury rugs. Using organic dyes that can only be extracted from
plants found in the Armenian highlands, Megerian implements their own
special weaving techniques with centuries-old Armenian artisanship to
create rugs of stunning quality and durability. Production of their
fine rugs also takes place in Egypt, Romania, Afghanistan, Pakistan,
and China.

Megerian Rugs is currently unveiling their new Armenian contemporary
collection designed by one of America’s top up-and-coming designers,
Barry Dixon. A part of the proceeds from this distinguished
collection will go to FAR to stimulate economic development,
facilitate the creation of jobs in far- reaching regions in Armenia,
and further healthcare and education programs in the country.

"We are very proud to work with Megerian Rugs to further our mission
and support innovative economic development in regions where jobs are
scarce," said Garnik Nanagoulian, the Executive Director of FAR.
"Megerian has revitalized the rug industry within Armenia by
bolstering traditional Armenian creativity and combining this
resourcefulness with innovative production standards. We are certain
that our partnership will do the same for the development of jobs in
Armenia."

FAR is a four-star rated (Charity Navigator 2008,
) non-profit charitable organization
based in New York, with offices in Yerevan, Gyumri, and
Stepankert. Founded in response to the 1988 earthquake, FAR has served
millions of people through more than 220 relief and development
programs in Armenia, Karabagh, and Georgia. FAR has utilized more than
$265 million, providing short-term emergency relief and implementing
long-term education, health, social, and economic development
programs.

"FAR is dedicated to realizing the dream of a free, democratic,
prosperous, and culturally rich Armenia", said Garnik
Nanagoulian. "This partnership, which will stimulate economic growth,
brings us one step closer to our goal."

With over 2,000 employees in 22 weaving facilities in Armenia,
Megerian always takes into consideration the social and environmental
implications of all their decisions. The cooperation between Megerian
and FAR will help to sustain Armenian production by promoting Armenian
rugs, encouraging their purchase, and funding various socio-economic
programs in Armenia. Together, Megerian and FAR hope to stimulate
economic growth while conserving Armenia’s history of weaving and
preserving Armenian tradition and national identity.

"Rug weaving has been an important part of Armenian society for
thousands of years, and the Megerian family seeks to uphold the
traditions that have been such a cultural phenomenon", said John
Megerian.

For more information about Megerian Rugs, visit
or contact at 262 Fifth Avenue, New York,
NY 10001; Tel: (877) MEGERIAN or email: [email protected]

For more information on FAR or to send donations, visit
or contact at 630 Second Avenue, New York, NY 10016;
Tel: (212) 889-5150 or email: [email protected]

Photographs – hHk39xU-CQ4BKxM7I8uwZ0nG63CL_J7TZTazSUEKs-pMVepYjg ZV-UYti5DX2l-36LNTKyIEhSyEXl2SRP0GapOGwNSBAcsBUb9T zteJeGMHJVQQ3aj6g0pyRQ6mMqFdnf3ZLj2GfsnuxA2TCFrBTD 10IFy80Sg==

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Fund for Armenian Relief
Garnik A. Nanagoulian
Executive Director
email: [email protected]
phone: (212) 889-5150
Megerian Rugs
Elaine Szumanski
Marketing Assistant
email: [email protected]
phone: (212) 684-7188

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