The recent developments in the U.S. state of Arizona have prompted many of you to query what ICA is going to do about our yearly conference in Phoenix, Arizona scheduled for 2012. I want all of you to know that we are monitoring the situation carefully and have been doing so since events unfolded last week.
At present, we are considering an array of possible solutions and alternatives. Though at this point we may be facing a hefty penalty should we break the contract to go to Phoenix, we are also aware that circumstances are unfolding as I write this. The mayor of Phoenix and the Arizona Tourism Bureau have already expressed dismay with the recent legislative action and are hoping to build momentum with their statements. We are also tracking developments in Washington to see if they have impact on the Arizona state legislature.
We will keep you posted as the situation becomes clearer.
