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IN A SOLID FINANCIAL POSITION AND DONATIONS ARE HEALTHY.  HE SAID
MEMBERSHIP NUMBERS ARE HOLDING STRONG, WITH MORE THAN 4,000 MEMBERS IN 76
COUNTRIES, AND THAT RECENT ADMINISTRATIVE MODERNIZATION HAS REDUCED
OVERHEAD COSTS BY MORE THAN 30.  VICE PRESIDENT DEVELOPMENT FRANK
KARNAUSKAS, N1UW, NOTED THAT, DESPITE AMSATS SOLID FINANCIAL STANDING,
ADDITIONAL FUNDS ARE NEEDED TO DESIGN, BUILD, AND LAUNCH SATELLITES.
CONSEQUENTLY, AMSAT IS RAMPING UP ITS GRANT WRITING EFFORTS, APPLYING FOR
GRANTS FROM PHILANTHROPIC ORGANIZATIONS AND CORPORATE SPONSORS.  BANKSTON
SAID AMSATS STRATEGIC PLAN PRIORITIZES PUTTING SATELLITES INTO HIGH EARTH
ORBITS.  HE ALSO SUMMARIZED THE GOLF GREATER ORBIT, LARGER FOOTPRINT
INITIATIVE AS PART OF ITS PLAN TO REACH HIGHER ORBITS.  HOWEVER, AMSAT WILL
NOT BE GIVING UP ON LOW EARTH SATELLITES FM CUBESATS.  FM SATELLITES ARE
VERY IMPORTANT AND CAN SERVE AS A STEPPING STONE TO MORE SOPHISTICATED
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