(December 14, 2012) In an effort to honor our commitment to shareholders to reduce operating costs, the team at Koniag has been working to eliminate unnecessary expenditures.  For the past several years our annual Christmas gatherings in Seattle, Anchorage and Kodiak have been increasing in popularity, but we recognize that only a small percentage of our shareholders are able to participate.  In working through this period of transition where we are lessening our reliance on government contracting and making substantial investments in new industries, we need to demonstrate the corporation’s determination to improve our financial performance.  As a result, we have decided to cancel our Shareholder Christmas Parties this year and we look forward to continuing these important seasonal events at some point in the future.  Please do not hesitate to contact us if you have any questions.