The registry was proud to be able to make this contribution to the alpaca community. The following paragraph is reprinted from the May 1998 special edition of the ARI Newsletter on the closure issue. Closure of the registry amounts to an 83.3 percent revenue reduction without affecting the cash reserves, providing that the Alpaca Registry Journal, the ARI Newsletter, management fees, and other expenses are severely cut. Your present ARI board of directors has not yet acted upon Carl Henderson's assessment of ARI's financial standing.
Further study is under way.
See the President's Message in this issue for more information.