November 12, 2004

Dr. Janos Koka
Minister of the Economy
and Transportation
Budapest, Hungary

Dear Dr. Koka, kedves János:

The American-Hungarian Executive Circle (AHEC) warmly congratulates you on your appointment as Hungary’s Minister of the Economy and Transportation.

You have demonstrated the talent to successfully manage large organizations and lead businesses. Your role in the new government ensures the dynamics of today’s business and technology will not be overlooked as Hungary vies to become more competitive in an increasingly complex and competitive world.

As you may know, AHEC is closely allied with IVSZ. AHEC’s mission is to foster closer business ties among Americans of Hungarian ethnicity, through programs to bring them into contact with each other, and with other Hungarians and business executives everywhere. AHEC seeks to mutually advance and strengthen American-Hungarian business relationships.

In your efforts to strengthen the ITDH and attract more US investment, please know that your friends at AHEC remain dedicated to their mission. Recalling our fruitful alliance with IVSZ in development of the Hungarian Technology Enterprise Center, we would be delighted to work with your new team in making Hungary an attractive partner for US companies.

Very truly yours,

Michael R. Geroe, Laszlo Horvath, Arpad G. Toth
Board of Directors