Message from Dr. Penley to the Thunderbird Community

To the Members of our Thunderbird Community:

As you know, the Board of Trustees has been meeting on campus over the last three days where they have continued their deliberations regarding potential partners.

Having just concluded the meeting, I wanted to send a message as soon as possible. I can tell you that we continue to make progress.

We expect to conclude this process within the next few weeks.

Larry Edward Penley