The Newly Appointed Ambassador Of Spain To Armenia Presented His Cre

ARMENIA – THE NEWLY APPOINTED AMBASSADOR OF SPAIN TO ARMENIA PRESENTED HIS CREDENTIALS TO PRESIDENT SERZH SARGSYAN

president.am
Sept 23 2009
Armenia

Today the newly appointed Ambassador of Spain to Armenia Juan Antonio
Mark Pujol (residence in Moscow) presented his credentials to President
Serzh Sargsyan.

The President of Armenia congratulated the Ambassador on his nomination
and expressed hope that during his tenure he would make a considerable
contribution to the development of bilateral cooperation in different
areas.

"Armenia and Spain share the same value system, have rich cultural
history, which creates excellent conditions for cooperation," President
Sargsyan said.

According to Ambassador Pujol, his country strives to raise its
relations with Armenia on a level which will correspond to constantly
changing requirements of the globalizing world.

The parties exchanged views on the possible areas of cooperation,
stressed the importance of energizing economic and trade relations and
creation of a necessary legal field. Among promising areas Ambassador
Pujol mentioned cooperation between universities which could become
a spiritual bridge between young people.

The President of Armenia and the Spanish Ambassador spoke also about
the Armenia-EU relations and possibilities of cooperation in that
framework. The Ambassador said that next year Spain would assume the
EU presidency and was intended to undertake serious steps towards
developing and deepening relations.

MMI: Tony Stewart-Built, Cary Agajanian-Approved

MMI: TONY STEWART-BUILT, CARY AGAJANIAN-APPROVED
Joe Menzer

Nascar.com
Sept 23 2009

Management company immersed in driver representation

MOORESVILLE, N.C. (and many points beyond) — The complex story of
Motorsports Management International begins in Los Angeles, winds
through Indianapolis and even parts of rural Ohio before coming
to rest, for now, at MMI’s spacious new office on the outskirts
of Charlotte.

What is MMI, exactly? It is a good question.

There is no one answer to it.

The simple and most popular answer is that MMI is the House That
Tony Stewart Built, an assumption that isn’t disputed even by Cary
Agajanian, who started the company and today splits his time mostly
between L.A. and the rural farm he and his wife own in Cambridge, Ohio,
with frequent side trips to tracks across America and the occasional
sojourn to the MMI home office in Charlotte. But it is an overly
simplified answer that neither explains where the company has been,
nor how powerful it has grown in NASCAR as it expands rapidly both
inside and outside of Stewart’s considerable shadow.

To even begin to understand the spider web of operations that is MMI
these days, a little history lesson is in order. No one can teach
it better than Agajanian, who has spent nearly five decades deeply
involved in all facets of American motorsports.

The No. 1 business in which MMI is immersed is driver representation
— and their roster of clients is deeper than any other company in
the arena. It includes not only Stewart, but also Kasey Kahne, Denny
Hamlin, Kyle Busch, David Reutimann, Jamie McMurray, Bill Elliott,
Reed Sorenson, David Stremme, Regan Smith, Aric Almirola, Landon
Cassill, Michael McDowell, Johnny Sauter, Bryan Clauson, Josh Wise,
Brian Scott, Ricky Stenhouse Jr. and Brad Sweet.

They also are involved in various efforts to bring corporate sponsors
into the sport on a wide variety of levels. Chris Newman, the company’s
director of marketing and consulting, said, "This may sound arrogant,
but it’s true. We don’t just read the news. We help make the news
everyone reads about."

Agajanian has assembled an impressive team of employees that has
grown from "two or three" when he formed MMI in 1995 to more than 25
today. Expansion has come so rapidly that he joked he met the most
recent hire during a recent flight layover at the Atlanta airport.

"I went through Atlanta the other day and was introduced. I was like,
‘Oh, you must be our new employee,’" Agajanian said with a chuckle.

THE HISTORY

The Agajanian story of involvement in motorsports begins not in 1995,
but 63 years earlier in 1932, when Cary’s late father, J.C. "Aggie"
Agajanian, was a race car owner and promoter in Southern California.

"My dad always enjoyed watching and assisting young drivers as they
came up in their careers," Cary Agajanian said. "Not in the exactly
same way that MMI does now, but he looked after the drivers who drove
for him as much as he could — or even drivers who drove in races he
promoted or just drivers he became friendly with over the years. I
always felt like that was the seed that had been planted in me."

For years the elder Agajanian, who is widely credited with coming up
with the term "sprint car," promoted races at Ascot Park, a popular
half-mile dirt track on the outskirts of Los Angeles that drew all
of the top driving talent in Southern California. J.C. Agajanian was
a character known for wearing his Stetson cowboy hat so often that
his own son — Cary’s brother J.C. Jr. — once joked, "I didn’t know
my father was bald until I was a teenager. He used to wear that hat
even when he sat down to breakfast."

J.C. Agajanian also was a prolific car owner at the time, having been
discouraged from driving by his father, an immigrant from Armenia
who threatened to kick J.C. out of the house if he got behind the
wheel himself. From 1948 through 1971, Agajanian’s cars won three
Indianapolis 500 poles and a pair of Indy 500 races.

Therein lies the real key to what MMI has become today, according to
Cary Agajanian. Call it the Cautionary Tale of Two Drivers.

"Troy Ruttman won the Indy 500 in 1952 in one of my dad’s cars when
he was only 22 years old," Agajanian said. "My dad really liked him,
and had known him since he was 14 or 15 years old. He cut school one
day and drove over to my dad’s when he was 15, and told him he wanted
to drive for him. My dad didn’t know who he was, but he took him to
lunch and told him to go back and do his studies and that they’d get
back together one day. Amazingly, that’s what happened.

"He did keep racing and came back to my dad when he was 21, because
that’s how old you had to be back then. And my dad put him in his
car and they won the Indy 500."

What happened next was as sad as the beginning of the story was
amazing. Despite the advice of J.C. Agajanian to put money away while
the going was good, Ruttman failed to do so. Not long thereafter,
Ruttman suffered an arm injury in a wreck and suddenly his driving
career was never again to be as lucrative.

"When he passed away [of lung cancer in 1997], he didn’t have any
assets to speak of," Cary Agajanian said.

Although Ruttman, the older brother of NASCAR driver Joe Ruttman,
kicked around driving in various series for many more years —
including seven NASCAR Grand National series events between 1962 and
1964 — he was a case study for another of Agajanian’s Indy drivers
a decade after Ruttman’s own 500 victory.

That was Parnelli Jones, who won the Indy 500 in 1963 and listened
intently when J.C. Agajanian told him what had happened to Ruttman.

"Right away as soon as he started winning races, my dad explained
what Troy had done," Cary Agajanian said. "My dad bought property
with Parnelli. Every time they’d win a race or do well, my dad would
match the money and they would put it into their investments. Now,
Parnelli — and he probably wouldn’t want me to say it — but he’s
probably the richest guy in racing. As far as race car drivers go,
he did extremely well."

Agajanian said the intertwined, star-crossed stories of Troy Ruttman
and Parnelli Jones "almost defines our company" at MMI. First and
foremost, MMI is a driver management company that assists mostly NASCAR
drivers in all aspects of their careers — as much or as little as
they would like.

It also has expanded to build relationships with corporations who
venture into NASCAR on various levels, not only helping the driver
clients it represents build relationships with corporate sponsors but
helping teams and the corporations themselves find happy homes with
each other in the sport. But without the drivers, Agajanian is quick
to admit, MMI would not exist. In return for that, his pledge is that
none of the drivers represented by MMI will ever face a post-career
shortage of funds like Ruttman did.

"Race car drivers’ careers can be really short, like Troy Ruttman’s,
or they can be really long," Agajanian said. "What we try to do is make
sure that they put enough money away and make the proper investments,
so that when they want to retire or in some instances have to retire,
they will have plenty of assets and a nice little nest egg to take
care of themselves and their families."

‘YOU CAN’T RACE HERE’

Agajanian credits two of the biggest superstars in NASCAR history
with helping him come up with the idea of MMI as a full-service
management vehicle for drivers, and exceptional timing with what has
helped fuel phenomenal growth since then. Stewart is the first and
most widely credited of those superstars, but the truth is that MMI
never would have been formed as a company without Agajanian first
becoming involved with a young Jeff Gordon.

Gordon attempted to race at Ascot Park when he was 14 years old,
not long after J.C. Agajanian’s death. Cary Agajanian, by then
well-schooled both in common sense and armed with an undergraduate
degree in business and finance management as well as a law degree
after a total of seven years at the University of Southern California,
turned Gordon away.

"In those days — and in many ways still today — the sprint car was
and is the most powerful and most dangerous car in racing," Agajanian
said. "On a half-mile dirt track, it was really dangerous."

He gave the bad news to Gordon’s stepfather, John Bickford, telling
him: "John, we can’t let him race here. He’s only 14 years old."

It wasn’t a matter of questioning the young driver’s talent. It was
a matter of legality. Bickford said he understood. Later that winter
Agajanian was lecturing at a workshop when he was asked why Gordon
couldn’t race at Ascot Park.

"Well, his release isn’t really a valid document. So I don’t think
it’s legally the proper thing to do," Agajanian told other race-track
operators, citing that in the state of California the legal age of
consent was 18.

Suddenly, other tracks in California started turning Gordon and other
young drivers away as well. It led to Bickford eventually taking his
stepson to Florida and finally Indiana to continue grooming him for
a career that Gordon initially hoped would come in IndyCar racing.

"Basically, we ran him out of the state of California when he was 14,
15 years old," Agajanian said.

Bickford still laughs about it, according to Agajanian, who today
calls Bickford a close friend.

"If you hadn’t run us out of California, we probably never would have
ended up where we did," Bickford once told him.

Meanwhile, they stayed in touch — and when Gordon was offered his
first contract to race stock cars for Bill Davis Racing, it was
Agajanian who received a surprise phone call from Bickford.

"Next thing you know they were calling me up and saying, ‘You’re the
only lawyer we know who understands racing. Would you look at this
contract Bill Davis is giving him?’ I guess I could say the rest is
history," said Agajanian, who re-drew the contract and turned it into
a mutual option that gave Gordon the ability the next year to accept
a better offer from Hendrick Motorsports.

The experience led Agajanian, who then was running his own law firm
out of Los Angeles after earlier spending 10 years as Deputy Attorney
for the city, to form MMI as a separate company that could handle
such details as contract negotiations for drivers. He had been giving
free advice to drivers for years, but the deal with Gordon opened his
eyes to the fact that there was more to be done than most realized
and the playing field rapidly was changing and becoming more complex
— not to mention more lucrative for all who grabbed a piece of the
financial pie.

"Before, most of the drivers were starving, so I would never charge
them for advice anyway," Agajanian said. "But when I saw what was
happening in NASCAR, especially with Jeff, I said to myself that
there was really a need with the amount of money that was being made
to help guide the drivers. And that philosophy really went all the
way back to the story of Troy Ruttman."

Assisted greatly by the late Gerry Tolman, who went on to fame as the
manager of the popular band Crosby, Stills and Nash, Agajanian set up
MMI "very similar to other management companies in other professional
sports and entertainment companies."

There was money to be made, but Agajanian had no illusions at first
of it growing into the behemoth it would become.

"If drivers were successful, we’d be successful. And if they weren’t,
we wouldn’t get paid — which happened more often than not," he
said. "I also always kept my law firm as a separate entity, so I
would always have a source of income."

The company plodded along until fate — in the form of Tony Stewart —
intervened late in 1995.

SEALED ON A NAPKIN

Stewart, then 24 years old, had just become the first driver in history
to win the United States Auto Club (USAC) Midget, Sprint Car and Silver
Crown championships in the same year. He was a hot commodity and was
beginning to field offers to drive for car owners in more prominent
series, including IndyCar and NASCAR. The legendary A.J. Foyt had
just had Stewart out to Phoenix to run a test session in an IndyCar.

Unsure of what to do next, Stewart turned to Agajanian. The two
knew each other from some races Stewart had run earlier as Ascot
Park before the facility closed in 1990, but they were only casual
acquaintances at best. Stewart’s initial phone call, asking for career
advice as folks were starting to show interest in the young driver,
caught Agajanian a little by surprise.

" This company was built on the backs of Cary and Tony for sure. It
was late nights every night.

" JEFF DICKERSONAgajanian told Stewart to stop at his Los Angeles
law office on his way to Australia, where Stewart was headed to race
sprint cars. Once there, Agajanian laid out the particulars of how
he had formed MMI for just this purpose — to assist young drivers
in all aspects of helping manage their careers. Then he did what he
never did previously with Gordon or anyone else. He presented Stewart
with a contract authorizing MMI to represent him.

Stewart readily agreed to sign it, and then boarded a plane for
Australia. Almost simultaneously, Agajanian was named executive vice
president of operations for the newly formed Indy Racing League.

"At that point, we were sitting around trying to figure out who was
going to run in our first race in the next few months," Agajanian
said. "They asked me about Tony. And I said, ‘Well, people are looking
at him in stock cars. But he loves IndyCars. I think he would love
to race in the Indy Racing League. Let me see what we can do.’

So Agajanian flew to Orlando, Fla., and met for dinner with Larry
Curry, a crew chief with owner John Menard’s teams.

"Larry, you really have to hire this kid Tony Stewart. He’s going to
be a great, great champion, I’m just telling you," Agajanian said.

"Well, yeah, I’ve heard of him," Curry admitted. "But I don’t know
that much about him and Menard will never hire him."

The two men began arguing about it back and forth. Finally, Curry said,
"Let’s call John right now."

They reached Menard, whose son Paul later would race in the Sprint Cup
Series, in Eau Claire, Wis. Agajanian could tell Menard wasn’t buying
into the idea of putting Stewart in one of his cars. He already had
two other cars he was running with veteran drivers in Eddie Cheever
and Scott Brayton and wasn’t thrilled about putting an untested rookie
in a third car.

Eventually, Curry handed the phone over to Agajanian.

"I can’t put him in our car," Menard said. "I mean, he’s a midget
driver. He’s gonna go crash my car and wreck. I want to support the
league and all that, but come on."

Agajanian was nonplussed.

"Well, we really need cars [in the IRL] — but most important, this is
a kid who is going to go and win races for you," he told Menard. "You
just need to give him a chance. I guarantee you he’ll do it for you."

Menard finally gave in, muttering: "Awright, awright. We’ll do it
for one race."

"Absolutely. Do it for one race," Agajanian replied. "If you don’t like
him, you can fire him on the spot as soon as the race is over. We’ll
write it up on the cocktail napkin right in front of us."

And so they did.

"As much as you read those stories, this one was true. I wrote up
a one-paragraph contract on the napkin with Curry right there and
then. And then I said, ‘I gotta go make a phone call.’ I walked right
out of the bar/restaurant and called Tony Stewart in Australia and
said, ‘You’d better get on a plane and get back to the States.’

"He packed up, flew through Indianapolis, didn’t even sleep or stop
and got down to Orlando and got right in the race car. He ended up
second in the first IndyCar race he ever raced, and lapped both of
Menard’s other two cars. And he had Cheever and Brayton, who were
two great race car drivers.

John Menard approached Agajanian after the race and said, "I guess
we’d better draw up another contract."

"On real paper, this time," they mutually agreed.

At the same time, Lorin Ranier, then-car owner Harry Ranier’s son,
was eyeing Stewart for a NASCAR seat. He told his father that everyone
had missed out on Jeff Gordon at first and that "this Tony Stewart
is the same thing as Jeff Gordon." With Agajanian offering advice on
the driver’s end, Ranier ended up signing Stewart to run nine races
in what was then the Busch Series that same year, keeping open all
of Stewart’s options for the future.

Getty ImagesNo matter the series, Kyle Busch doesn’t celebrate a
victory without NOS Energy Drink.

FAST FORWARD

Fast forward nearly 15 years. It is less than three hours before the
Chevy Rock & Roll 400 at Richmond International Raceway, and Jeff
Dickerson is holding court in a motorhome that belongs to MMI.

Dickerson is the new poster boy for MMI. Cary Agajanian can spill
stories about the old days all night long, but he is the first to
admit that Dickerson and others such as executive vice president Rod
Moskowitz are the true lifeblood of the company these days.

A former driver himself on smaller circuits, Dickerson now manages
most facets of the career of Sprint Cup star Kyle Busch. In an odd
twist, he also serves as Busch’s spotter not only in his Cup races,
but also in the Nationwide Series and Camping World Truck Series.

Dickerson said his past experience helps him relate to today’s drivers
and he wears multiple hats not only in Busch’s own camp, but within
MMI itself, where he holds the title of vice president and is more
or less in charge of the all-important driver development program
that scours the nation for new talent to represent.

Kyle Busch celebrates a Nationwide win earlier this year at Texas.Of
his own midget/sprint car driving career, Dickerson laughed and said:
"I ran against Tony when he would come back to Indiana from the
IndyCar and Busch Series. I ran against (former Cup driver and USAC
champion) J.J. Yeley. I ran against [current Nationwide driver Jason]
Leffler. I couldn’t ever beat them, but I was fast enough that they
would at least talk to me."

This is no longer the era of contracts on cocktail napkins. This is
the era of contracts with race teams, personal-services contracts,
and contracts that determine the cuts drivers receive for all kinds
of licensed merchandise from hats to T-shirts to die-cast cars.

Then there are all kinds of other deals to be cut, from driver
development agreements that (hopefully) secure the future both of
the driver prospect and of the management company itself, to making
certain an already successful Cup driver has a deal with a beverage
sponsor so he can get paid to spray something when he reaches Victory
Lane (see: Kyle Busch and the MMI-forged relationship with NOS Energy
Drink that has blossomed in the past two years).

There also is the matter of insurance. Agajanian likes to tell the
story of going to England to insure Stewart’s entire contract with
Joe Gibbs Racing years ago, guarding against the dire prospect of
debilitating injury.

"We did that with Tony when he signed the first major contract with
Joe Gibbs Racing," Agajanian said. "We went to Lloyd’s of London
and I personally went up and down all the different of what they
call the benches, which basically is a conglomeration of hundreds
of underwriters. We took up the whole capacity of Lloyd’s for
disability. They only have a certain amount of millions of dollars
that they can insure for someone being injured — whether it’s a
soccer player or a Formula One driver or whatever.

"When I went over there, it opened their eyes — because they had
never seen anyone from America making that kind of money. They had
never seen a stock-car driver even come close. We had to go from place
to place and get $5 million here and $5 million. It went on and on
until we pieced enough together so that if Tony had gotten hurt,
the full amount of his contract that he had just signed with Joe
Gibbs would have been paid."

Agajanian and others at MMI are programmed not to call themselves or
really anyone in the company "agents," but Dickerson doesn’t care or at
least never received the memo. And while he refers often to himself as
one, he said it doesn’t mean much if there is no substance behind it.

1on1 Jeff Dickerson is one of the more interesting behind-the-scenes
operators in NASCAR these days, working as an agent (his company,
Motorsports Management International, prefers to call him "a manager")
and also as Kyle Busch’s spotter during races.

More "In the early days, you could just call yourself an agent,"
Dickerson said. "You could have the title and say, ‘Hey, look at
me.’ You wouldn’t make any money, but you could have the title."

And don’t get Dickerson going about driver development, another
aspect in which MMI seems to be ahead of the game when it comes
to other companies attempting to build their list of motorsports
clients. Dickerson sort of unofficially heads up MMI’s all-important
driver development program, which includes Lorin Ranier and others
who serve as full-time scouts, scouring the country for the next Tony
Stewart or even the next Landon Cassill.

"We could talk driver development all day long. But again, I think it’s
been hi-jacked. I think it’s been exploited," Dickerson said. "Other
companies say, ‘Hey, we’ll do driver development.’ And then they charge
parents to have their kids in their driver development program. That’s
not driver development."

He insisted that the way MMI does it sets the company apart from
everyone else.

"We invest in them. We put our resources behind them. We put our name
behind them," Dickerson said. "We don’t charge any of our drivers
anything until they sit in a Truck. It’s not pay-us-as-you-go. It’s
not, ‘Hey, give us $5,000 a month or $10,000 a month.’ That’s not
good for the sport."

Lorin Ranier, the man who once told his father he couldn’t ignore the
potential of Tony Stewart in a stock car, spearheads the efforts to
find new young talent that can be represented by MMI. One of those,
current Truck Series driver Brian Scott, stops by the Mooresville
offices of the company frequently and said he couldn’t be happier
with they way they have molded his fledgling career, calling MMI
"a great incubator of young talent."

As for Ranier, Dickerson said: "Him and three or four other guys,
that’s what they do every day, every weekend. They’re out there
preparing scouting reports. We’ve taken this to an entirely different
level. It’s slowed down for sure. But it doesn’t stop. We still have
to be prepared for when the curve comes back around for young drivers,
we want to make sure we’re positioned to get the right guys, and the
best guys."

They believe they are like no one else is, meaning their already
considerable stable of talent is likely to swell in the coming
years. What keeps them all motivated, said Dickerson, is remembering
the early days of the company.

"This company was built on the backs of Cary and Tony for sure. It
was late nights every night," said Dickerson, who came on board in
2001 when there were only two or three other employees. "You needed a
proposal or you needed this or you needed that. The whole management
thing hadn’t really taken off in the garage yet. So if a driver came
up to you and said he needed a proposal for something, you didn’t
say no to anything. This company really was built on Tony and on not
saying no.

"A guy needed a proposal? It didn’t matter who it was. You just
didn’t say no, because it was so fragile. Besides Tony, you didn’t
know where that next client was coming from."

They still don’t. But now there is less desperation and more beauty
in waiting to find out.

Getty ImagesMMI’s Rod Moskowitz talks with Kasey Kahne, one of the
company’s many driver clients.

HOME OFFICE

It is shortly after lunchtime when the phone rings in the busy
Mooresville office of Rod Moskowitz. On the other end of the line is
driver Denny Hamlin, who is seeking advice about an offer that just
was made on the Cornelius, N.C., home Hamlin is attempting to sell.

A few days later, there is Moskowitz again. This time he’s standing
behind driver Kasey Kahne in the garage at Richmond International
Raceway as Kahne talks with the media about driving Fords next year
instead of the Dodges he has driven his entire Cup career.

As with Dickerson or Eddie Jarvis or any of the others in MMI with
titles that vary from Jarvis’ "Special Consultant to the President"
to the client manager status held by Cary’s Agajanian’s son, Jacob,
and others, Moskowitz’s wide-ranging role, like MMI itself, is
hard to define in a simple sentence or two. To call him an agent or
manager would not be entirely inaccurate, but nor would it be entirely
accurate. Like MMI, he seems to be everywhere.

A former collegiate soccer player at Vanderbilt, he cut his teeth in
the representation arena when he was 18 or 19 years old and helped
establish the Tate George Foundation for the former NBA player. When
Moskowitz arrived in Charlotte to work in the first cramped office MMI
operated out of in Cornelius, N.C., he spent his nights sleeping on the
couch of former client and current Truck Series driver Ron Hornaday.

" I was pretty young when I started at MMI. And it was right around
when Tony burst onto the scene as a star. … All of a sudden we were
into all kinds of stuff.

" ROD MOSKOWITZMoskowitz previously worked for Advantage International
before joining MMI in 2000 and is into all sorts of ancillary stuff
these days. Ever wonder how Stewart’s dirt-track race from Eldora
Speedway, the Prelude to the Dream, ended up raising so much money
for charity via HBO Pay-Per-View? It was Moskowitz’s idea, as was
getting the Chili Bowl on national pay-per-view television.

He performs many duties for clients such as Hamlin and Kahne, helping
them with their foundations and putting on various charity events while
also advising them on a variety of money and general life matters.

"I was pretty young when I started at MMI, maybe 28 years old. And
it was right around when Tony burst onto the scene as a star,"
said Moskowitz, now 35. "Through Tony and working with Eddie Jarvis
[Stewart’s day-to-day client manager], who had the contacts and
relationships in the sport that I didn’t have, we were able to help
Tony and sign some other guys like Kasey Kahne and Jamie McMurray
and Denny Hamlin and Kyle Busch. It really just took off, especially
after Tony won the championship in 2002 — and all of a sudden we
were into all kinds of stuff."

Soon Moskowitz was able to move off Hornaday’s couch and into his
own place.

"I think I slept on his couch for about two months," he said. "Kevin
Harvick and Jimmie Johnson also slept on Hornaday’s couch. Maybe I’m
not as successful as those guys, but I guess I’ve done all right."

So has MMI. The company is preparing to move into a new,
state-of-the-art, 19,000-square-foot office in Mooresville that will
include a spacious lounge for their driver clients, complete with
elaborate video-game systems and flat-screen televisions.

Providing a driver’s lounge with video-game hookups is new school,
and MMI has it covered. Agajanian, who represents old school, has the
other end covered. Chief Operating Officer William Anthony, Dickerson,
Moskowitz, Jarvis and a host of others seem to have everything in
between blanketed.

In the end, the goals are simple. Sure, MMI wants to make money and
expand its growing empire, especially on the corporate end where
already it has teamed with Dollar General, LifeLock, NOS Energy Drink
and others on countless ventures and promotions related to NASCAR. But
what Agajanian really wants is to ensure that none of the drivers
his company represents ever go the misguided route of a Troy Ruttman.

"One of our drivers who used to be famous for spending money, we wrote
into his contract — and his owner couldn’t have been happier — that
a pretty good portion of his money went straight into an investment
fund," Agajanian said. "He never saw it or touched it. And he’s got
a lot of money in the bank right now."

Joe Menzer is the author of "The Great American Gamble: How the 1979
Daytona 500 Gave Birth to a NASCAR Nation." Click here to purchase.

Cary Agajanian Cary Agajanian, 67, has done practically everything
in racing except get behind the wheel. He’s been a pit-crew member,
car owner, track promoter, sanctioning body director, event producer,
legal counsel, sponsorship consultant, rules committee member and
driver manager.

In fact, Cary has represented or advised nearly every major motorsports
sanctioning body in the U.S., including NASCAR, the IRL, CART and USAC.

MMI was formed out of Agajanian Enterprises, the family’s motorsports
promotion and racing team operation.

Just like its founder, MMI is a one-stop resource for the racing
industry, offering full services in driver management and motorsports
consulting.

Cary, in combination with his two brothers, J.C. Jr. and Chris, also
have been recognized as motorsports pioneers in the areas of track
ownership, event promotion, media production, and legal consultation.

They are best known for making Ascot Park, a Los Angeles-area dirt
track, the most famed short-track venue in the United States during
its time.

During the past 50 years, the Agajanians have promoted more than
4,000 auto racing and motorcycle racing events, including the annual
"Turkey Night Grand Prix," still one of USAC’s premier races, and
the first of many Evel Knievel stunts at high-profile venues like
the Los Angeles Coliseum.

Cary’s two sons are continuing the family’s legacy: Josh Agajanian
as a media producer and Jacob Agajanian as a client manager for MMI.

As always, you can usually catch Cary along pit road before the race.

Armenian PM To Leave For Russia

ARMENIAN PM TO LEAVE FOR RUSSIA

ARMENPRESS
SEPTEMBER 23, 2009
YEREVAN

YEREVAN, SEPTEMBER 23, ARMENPRESS: Armenian Prime Minister Tigran
Sargsyan will leave for Russian Federation September 24 on a two-day
working visit to take part in the 11th session of the Armenian-Russian
inter-governmental economic cooperation commission which will take
place in the town of Yaroslavle.

Governmental press service told Armenpress that the delegation headed
by the prime minister will consists of the head of the government’s
staff David Sargsyan, Armenian Finance Minister Tigran Davtyan,
Economy Minister Nerses Yeritsyan, Chairman of the State Revenue
Committee Gagik Khachatryan, and other officials.

Decentralized Cooperation Between Armenia, France Important

DECENTRALIZED COOPERATION BETWEEN ARMENIA, FRANCE IMPORTANT

armradio.am
23.09.2009 10:28

On September 22 Foreign Minister Edward Nalbandian received the
delegation of the French city of Arnouville-lès-Gonesse headed by
Mayor Michel Aumas.

Greeting the guest, Minister Nalbandian expressed gratitude to
the Mayor Aumas for his efforts towards reinforcement of the
Armenian-French friendship.

Michel Aumas informed that his town intended to become the sister-city
of Nubarashen, which would contribute to the further development of
ties with Armenia.

Minister Nalbandian attached importance to direct cooperation between
the cities and regions of Armenia and France. According to him, the
decentralized cooperation creates a good basis for further deepening
of friendly relations between the two countries.

The parties emphasized the high-level relations and close relations
between Armenia and France.

Armenia: Which Way Is Up For The Armenian Economy?

ARMENIA: WHICH WAY IS UP FOR THE ARMENIAN ECONOMY?
Marianna Grigoryan

Eurasia Insight
ticles/eav092209a.shtml
9/22/09

The Armenian government is predicting the imminent return of sunny days
for the country’s economy. But talk to Armenians outside the capital
of Yerevan and their forecast calls for extended periods of gloom.

The village of Sarchapet, a hamlet of 3,000 people some 170 kilometers
north of Yerevan, is perhaps representative of the plight outside the
capital. The lack of work abroad has made for an "extremely severe"
situation in Sarchapet, according to Artavazd Baroian, the deputy
head of the village’s administration.

"Except for the old men, 90 percent of the men in our village support
their families by working abroad," Baroian elaborated. "People cannot
send their children to school, they have no money to buy clothing and
shoes for them. Village people cannot find work abroad, nor can they
come back home to their families."

Prime Minister Tigran Sargsyan recently expressed optimism that
the economy, which has taken a beating during the global financial
crisis, would begin to rebound by the end of 2009. [For background
see the Eurasia Insight archive] Sarchapet residents, however, have
little reason to believe that a turnaround is at hand. "I don’t know
what kind of anti-crisis program they [government officials] are
implementing in Yerevan, but villagers’ bank accounts are absolutely
empty," Baroian said.

Villagers now rely on barter to obtain necessary goods, he said. For
example, they exchange potatoes, cabbages, and dairy products for soap,
flour and sugar in shops.

Even in Yerevan, a return to a pre-crisis standard of living
appears a long way off. Where a construction boom once provided
an abundance of jobs, some residents are now scrambling to unload
properties. Others are being forced to hunt for high-interest loans
to save their residences. Grocery stores, meanwhile, have slashed
supplies of higher priced items, such as meat. Some businesses are
shuttered. Where fancy new office and apartment towers were being
built a few years ago, all is now still. The construction industry
has contracted by 55.5 percent, according to the National Statistical
Service. Defaults on bank loans are up by five to six times, added
Emil Soghomonian, the president of the Banks of Armenia Association.

The government insists that an anti-crisis program implemented
in early 2009 is working well. The program focuses on support for
investment, exports and small-and-medium businesses, but recently has
concentrated its efforts on providing government financial guarantees
to construction companies.

While Prime Minister Sargsyan believes the country will soon enter a
"recovery cycle," he nevertheless has stated that Armenia probably will
"close this year with a 12-percent" decline in Gross Domestic Product.

Data published by the National Statistical Service, however, is
painting a much more distressing picture of the economy’s performance,
indicating that the downturn is only worsening. That is, in turn,
prompting some analysts to forecast a 20 percent economic decline
this year.

"I believe the recessionary trends still persist, and I would be happy
if they were halted by mid-2010," said economist Tatul Manaserian,
an advisor to National Assembly Chairperson Hovik Abrahamian. "If
next year we see even zero growth, I would call it very optimistic."

Labor migration, which has long buoyed the Armenian economy, continues
to languish. The number of people going abroad in search of work has
fallen to some 30,000 to 35,000, according to estimates provided by
the Ministry of Territorial Administration’s Migration Agency. Roughly
150,000 Armenians in Russia alone lost their jobs this year, the
agency estimates.

The Central Bank’s most recently published figures show that private
cash remittances decreased by 33.2 percent in June, compared with
the same month last year. The June figures actually marked a slight
improvement over May, which saw a 36.5 percent decline in remittances.

As economic indicators have fallen, crime statistics have
soared. According to official figures, the country recorded a
71-percent increase in overall crime during the first half of this
year. Violent crime, including murder and assault, rose by 48.3
percent; fraud and household robbery have also experienced a drastic
increase.

"We knew that an increase in crimes would be recorded parallel to the
economic crisis," said police spokesperson Sayat Shirinian. "This is
a crisis."

The economic crisis could soon start having political
repercussions. Sociologist Aharon Adibekian, director of the polling
center Sociometer, suggested that lingering hardship was fueling
anti-government sentiment.

Dwindling domestic support could end up severely restricting the
government’s room for maneuver as it pursues a rapprochement with
Yerevan’s long-time foe, Turkey. "If your economy is registering such
rates of decline, your foreign policy cannot be taken seriously,"
explained independent political analyst Yervand Bozoian. [For
background see the Eurasia Insight archive]

Editor’s Note:Marianna Grigoryan is a freelance reporter based
in Yerevan.

http://www.eurasianet.org/departments/insightb/ar

Turkmenistan: Ashgabat Draws Closer To China

TURKMENISTAN: ASHGABAT DRAWS CLOSER TO CHINA

Eurasianet

9/22/09

Turkmenistan and China have developed a five point proposal to
strengthen bilateral cooperation.

Energy and security concerns were at the heart of the plan discussed
by President Gurbanguly Berdymukhamedov and Chinese President Hu
Jintao in New York on September 21.

Bilateral cooperation plans are being built around the Turkmen-Chinese
energy export pipeline. [For background see the Eurasia Insight
archive]. "China stands ready to work with Turkmenistan to ensure
the commission and completion of the project according to schedule,"
the Chinese news agency Xinhua reported.

The sides pledged to "formulate long-term cooperation programs" for
industries other than oil and gas, as well as promote cultural and
education exchanges, the Xinhua report added.

http://www.eurasianet.org

Press-Secretary Of Armenian President: Allegedly An ‘Exclusive Inter

PRESS-SECRETARY OF ARMENIAN PRESIDENT: ALLEGEDLY AN ‘EXCLUSIVE INTERVIEW’ OF ARMENIAN PRESIDENT AT ‘MOSKOVSKIY KOMSOMOLETS’ WEB SITE IS NOTHING ELSE THAN A PRODUCT OF DEFORMED IMAGINATION OF ‘CORRESPONDENT’ OF THIS NEWSPAPER

ArmInfo
2009-09-22 12:52:00

Arminfo. The allegedly an of Armenian President Serzh Sargsyan at web
site is nothing else than a product of deformed imagination of of this
newspaper Ekaterina Sazhneva. Armenian president gave no interview
to this correspondent or in general to newspaper, press-secretary
of the president Samvel Farmanyan said. This correspondent, among
dozen of others, took part in the reception at Armenian president’s
residence within the frames of the event . The questions mentioned
in the were not sounded at the meeting at all. As for the words of
President Sargsyan, they are fully distorted and are quoted breaking
elementary rules of the journalistic ethics.

Farmanyan said. – press-secretary of the Armenian president said.

BAKU: Unsolved conflicts may resume at any time: French MP

Trend, Azerbaijan
Sept 18 2009

Unsolved conflicts may resume at any time: French MP

Azerbaijan, Baku, Sept.18. / Trend News corr J. Babayeva /

French MP Tierri Mariani believes the Azerbaijani-Armenian conflict
can no longer continue.

"Unsolved conflicts may resume with renewed vigor at any time. It is
doubtless that they are threatening the security of the region. It is
time for dialogue to resolve the Nagorno-Karabakh conflict," said
Mariani, MP of the French National Assembly, member of the French
delegation to the CE Parliamentary Assembly.

According to Mariani, although the French parliament recognized the
so-called "Armenian genocide", France condemns the occupation of 20
percent of the Azerbaijani territory.

The conflict between the two South Caucasus countries began in 1988
when Armenia made territorial claims against Azerbaijan. Armenian
armed forces have occupied 20 percent of Azerbaijan since 1992,
including the Nagorno-Karabakh region and 7 surrounding
districts. Azerbaijan and Armenia signed a ceasefire agreement in
1994. The co-chairs of the OSCE Minsk Group – Russia, France, and the
U.S. – are currently holding the peace negotiations.

Singapore: Armenians Keen on Success

Sep 19, 2009

Armenians keen on success

MM relates Spore’s experience in response to questions

By Leslie Koh

YEREVAN (Armenia): SHORTLY after Sir Stamford Raffles founded
Singapore in
1819, Armenian merchants made their way to its shores, seeing business
opportunities at South-east Asia’s newest port.
They went on eventually to make significant contributions to the young
city, setting up businesses, including the iconic Raffles Hotel, and
adding to
its economic, social and physical landscape.
Fast-forward to the present, the people of Armenia are once again
seeing opportunities in Singapore, but of a different sort: They want
to learn how it achieved its economic success, and how to apply it in
their country.
Their interest was reflected in the range of questions directed at
Minister Mentor Lee Kuan Yew on Friday.
The first Singapore leader to visit Armenia, MM Lee arrived in the
capital
Yerevan this week on the second leg of a three-country visit. He
started off in Britain on Sept 13, flew here on Sept 17, and leaves
for Russia on Saturday.
The Armenian media have credited the Minister Mentor for Singapore’s
economic miracle. At Friday’s meetings with the country’s leaders and
businessmen, the question of how Singapore had achieved its strong
economic growth came up repeatedly.
‘What are the key economic, political and social fundamentals, as well
as cultural driving forces, that Armenia needs to achieve similar
success to that which East Asia has experienced?’ asked one
businessman. ‘What is the role of the government in achieving
progress? Should it just be setting policies, or taking an active
role?’ asked another.
They likely saw similarities between the two countries. Armenia, a
landlocked country in Caucasus, has a small population of about three
million.
MM Lee posed a question in reply. ‘Where is your wider hinterland? Is
it your neighbours? Is it the CIS states of the former Soviet Union?
Or is it… Europe, America and other developed countries?’
‘I would believe that your best growth prospects would come from
leapfrogging the region… make your connections with Western Europe,
America and I would say East Asia, because that is the growth region
for the 21st century.’
Read the full story in Saturday’s edition of The Straits Times
[email protected]

Copyright © 2007 Singapore Press Holdings. All rights
reserved. Privacy Statement & Condition of Access

Vahram Atanesyan: Russia Project Theoretically Feasible

VAHRAM ATANESYAN: RUSSIA PROJECT THEORETICALLY FEASIBLE

PanARMENIAN.Net
17.09.2009 11:35 GMT+04:00

/PanARMENIAN.Net/ "I think Russia Project is theoretically
feasible. But real though it may be, Armenia and Karabakh are very
unlikely to join Russian Union, NKR Parliament’s Foreign Relations
Committee Chair Vahram Atanesyan told a PanARMENIAN.Net reporter.

"Considering tense Russian-Georgian relations which will hardly
normalize in visible future, we can rule out possibility of
Russia’s establishing ties with Armenia via Georgian territory,"
NKR parliamentarian noted.

Earlier, Italian Limes magazine disseminated information on the so
called Russia Project allegedly elaborated by Mr. Putin and Medvedev. A
periodical specialized in geopolitics, the magazine reported that the
project aimed at re-annexing Transdniestria, South-Eastern Ukraine and
Kyrgyzstan to Russian Federation. The project proposes the idea of
creating a "Russian Union" with the involvement of Belarus, Central
Ukraine, Armenia, Nagorno Karabakh, Kazakhstan and Tajikistan. It
also envisages an agreement on a military union with Uzbekistan.