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USET Responds To Filing Of Arbritration by USA Equestrian

Gladstone, NJ—August 30, 2002— As it has repeatedly threatened, on August 29, 2002, USA Equestrian filed for arbitration against the United States Olympic Committee (USOC) and the United States Equestrian Team (USET) in an attempt to overturn the USOC Board’s decision regarding the equestrian NGB challenge.

The USET’s officers, with authorization from the USET Executive Committee, have determined that the best interests of equestrian sport and the USET require that a protective demand for arbitration be filed solely to preserve the USET’s rights to present evidence of its preparedness and willingness to assume the responsibilities of NGB should USAE’s status as NGB be revoked, as recommended by the USOC.

“Sadly, USAE has made this step necessary in order for the USET to protect its right to make a defense and be able to re-argue the merits of the Challenge. It is unfortunate, but not unexpected, that USAE is even unable to accept the final recommendation of the USOC -- the very body to which USAE is responsible – in this matter. As the officers of USAE continue to defy the USOC and spend even more of its members’ money on legal maneuvering, we are hopeful that USAE’s board will seize the opportunity finally to act in the best interests of our sport. The personal interests of one individual should not come at the expense of our athletes,” said USET President Armand Leone, Jr. “Because of the USA Equestrian action, we have no choice but to take this step.”

The United States Equestrian Team is a non-profit organization that selects, trains, equips and finances equestrians of the highest possible standard to represent our country in major international competition, including the Olympic Games and the World Championships. To accomplish this, the USET seeks out and nurtures the development of talented athletes - riders, drivers and horses - and provides the support and guidance they need to help them attain their fullest potential. For more information on the USET, please call (908) 234-1251, or visit USET ONLINE at www.uset.org

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Updated: October 2005.