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AMERICAN ISRAEL ECONOMIC WITHDRAWS SPONSORSHIP OF TELLER TRIBUTE DINNER

AMERICAN ISRAEL ECONOMIC WITHDRAWS SPONSORSHIP OF TELLER TRIBUTE DINNER
 NEW YORK, Aug. 25 /PRNewswire/ -- The American Israel Economic Corporation announced today that it has withdrawn its sponsorship and participation as a co-host of the International Tribute Dinner in honor of Dr. Edward Teller at the Waldorf Astoria in New York on Sept. 21, 1992.
 The decision was reached by the board of directors of A.I.E.C. following the failure of the president of Teller Foundation to agree to the initial understanding of A.I.E.C. and the Teller Foundation with respect to the organization and administration of the event,.
 The A.I.E.C. has devoted its resources and hard work for over a year, without any renumeration, to initiate and organize the dinner. The purpose of the dinner was to raise funds for the establishment of the Edward Teller Institute of Technology and seed money for the exploration of high technology projects to integrate Soviet engineers and scientists into the economy of Israel.
 The A.I.E.C. conducted a conference on that on that latter subject last year in New York.
 The A.I.E.C. regrets to have taken this decision despite its highest esteem for Dr. Edward Teller, one of the world's most renowned scientists in our generation and sincere friends of Israel.
 -0- 8/25/92
 /CONTACT: M. Salinger of the American Israel Economic Corporation, 718-847-3004/ CO: American Israel Economic Corporation ST: New York IN: FIN SU:


SH-TS -- NY011 -- 2879 08/25/92 08:36 EDT
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Date:Aug 25, 1992
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