ASSOCIATION OF AFRICAN AMERICAN FINANCIAL ADVISORS (AAAA)
INITIATES SCHOLARSHIP AND INTERNSHIP AWARDS PROGRAM
(Application Deadline Extended)

Bethesda, MD - The Association of African American Financial Advisors (AAAA) announces their 2007 scholarship and internship awards program.

The objective of the scholarship and internship program is to provide students with broad exposure to the financial services industry and to help them obtain valuable industry experience. The program will award scholarships to outstanding minority students pursuing undergraduate degrees in business, while demonstrating strong leadership abilities, integrity, and a commitment to their communities. The program will award five scholarships ranging from $200 to $1000; along with an internship with AAAA, and the opportunity for mentoring from AAAA members and corporate partners.

Eligible students must: be currently enrolled or accepted into an undergraduate program at a college or university in the US for the Spring 2007 school year; be a minority student of color; be a U.S. citizen or permanent resident; have a B- grade point average or higher (2.7 or above on a 4-point scale); and have taken at least one (1) college-level business related courses such as accounting, finance, or marketing.

The student essay will address issues surrounding college students and credit card debt. Applications are available on the AAAA website at www.AAAFA.org and must be postmarked by November 9, 2007. The scholarship awards will be presented at the organization's 2007 Scholarship and Awards Event, which will be held on Wednesday, December 5th at the Woodmoore County Club in Mitchellville, MD.

For more information on the scholarships, call 202-640-2491.

For more information on AAAA programs, please go to: www.AAAFA.org or contact Tyson Bellamy, Vice-President at 202-251-2609; or Lanta Evans, AAAA President, at 301-459-5515 .

The Association of African American Financial Advisors (AAAA) announces their first scholarship and internship awards program in celebration of the organization's five-year anniversary.

The Association of African American Financial Advisors (AAAA) Scholarship Program will be initiated in 2006. The objective of the scholarship and internship program is to provide students with broad exposure to the financial services industry and to help them obtain valuable industry experience. The program will award scholarships to outstanding minority students pursuing undergraduate degrees in business, while demonstrating strong leadership abilities, integrity, and a commitment to their communities. The program will award scholarships ranging from $500 to $1000; along with an internship with AAAA, and the opportunity for mentoring from AAAA members and corporate partners.

Eligible students must: be currently enrolled in an undergraduate program at a college or university in the greater Washington-Baltimore geographic area; be a minority student of color; be a U.S. citizen or permanent resident; have a B- grade point average or higher (2.7 or above on a 4-point scale); and have taken at least two (2) college-level business related courses such as accounting, finance, or marketing.

The student essay will address the following topic: "Numerous studies speak to the lack of minority (people of color) financial advisors within the financial services industry. What resources will be required to resolve the issue? How can corporations help to address the issue? How might the minority community assist in trying to resolve the issue? How might AAAA further its efforts to address the issue?"

Applications are available on the AAAA website at www.AAAFA.org and must be received by October 23, 2006. The scholarship awards will be presented at the organization's five-year anniversary event, which will be held on Thursday, November 16th in Washington, DC. Mr. Randall R. Eley, President of the Edgar Lomax Company, will be the keynote speaker for the event.

"We believe it is important to build a pipeline of persons of color who are poised to enter and succeed in the financial services industry" said LeCount Davis, Chairman of AAAA. "Our success as a nation depends on it". Mr. Davis is the first African-American awarded the CFP designation by the Certified Financial Planner Board of Standards, Inc. For more information on the scholarships, call Tamika Bishop at 301-474-0801, ext 27.

For more information on AAAA programs, please go to: www.AAAFA.org or contact Tyson Bellamy, Vice-President at 202-251-2609; or Lanta Evans, AAAA President, at 301-459-5515.

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Founded in 2001, the Association of African American Financial Advisors is a national organization headquartered in Bethesda, MD. The mission of the 501(c) 3 organization is to develop and foster professional relationships among minority professionals working in the financial advisory industry and provide financial education to underserved segments of the American population regarding personal finance and wealth accumulation. Members include financial advisors, accountants, tax advisors, insurance specialists, estate planners, loan officers, realtors, mortgage lenders, and estate attorneys located throughout the United States.