By Marv Landon

I would like to report to all of our members; your Board and Committee members are working very hard for you. The last two board meetings have been very enthusiastic toward reaffirming our clubs direction. Tino Mingori and Tom Brockmiller have spent a lot of their time evaluating how our events work and should work. Tino gave a retrospective look plus a prospective assessment of what works and what we should stay away from. We have all agreed unanimously that Tino's review is quite accurate. Our mission statement in our bylaws states very accurately why we exist and how we should focus our efforts and direction.

BYLAWS OF SOUTHWEST REGION, FERRARI CLUB OF AMERICA, INC.

ARTICLE III - PRUPOSES AND LIMITATIONS

SECTION 3.01 PURPOSES

This corporation is nonprofit mutual benefit corporation and is not organized for the private gain of any person. It is organized under the California Nonprofit Mutual Benefit Corporation Law.

Such purposes for which this corporation is formed are pleasure, recreation, education and other nonprofitable purposes, which are:

To promote, encourage, foster, and cultivate the preservation, ownership and operation of Ferrari automobiles.

To provide technical information to its members; encourage careful and skillful driving of all types of vehicles; provide facilities for automotive competition among its members; encourage the technological development of automotive design and engineering; establish rules and regulations covering the activities of its members, and provide and regulate events and exhibitions for automobiles and their owners and drivers.

Although we are not a corporation for profit, we are also not for loss. We are budgeting our activities and involvement in supporting various Ferrari related events so we can preserve the club's financial soundness, as has been done to this point in the clubs short history. We welcome your participation, please be receptive when called upon for your help to support our efforts. Our calendar of events if filled with a lot of great activities across several types of events. Come out and drive your car, show your car and enjoy being with other enthusiasts.

I look forward to seeing you at our Board meeting and upcoming events.