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June 2006

Release Date: June 5, 2006

Kara Receives First Fender Fellowship Honor

Dr. S. Murat Kara, an associate professor of economics, has been appointed to the first Johnny Fender Fellowship in Community Economic Development at Angelo State University.

The fellowship was established in honor of Fender by former classmate and business associate Jorge Ellis to benefit economic development in the Concho Valley. Fender, an ASU finance instructor since 1994, is a former San Angelo mayor and commander at Goodfellow Air Force Base.

Kara joined the ASU faculty in 2000. He is an authority in macroeconomics, economic analysis, managerial economics and financial management. He has been a finalist for ASU’s Teaching Excellence Award.

A selection committee composed of Dr. Tom Bankston, head of the Department of Accounting, Economics and Finance; Dr. Tom Badgett, head of the Department of Management and Marketing; Dr. Bill McKinney, assistant professor of real estate; and Michael Dalby, president of the San Angelo Chamber of Commerce, picked Kara for the fellowship.

Bankston said that Kara was selected to encourage an emerging scholar to pursue research in local community development. Kara also expressed interest in conducting research on the issues surrounding the public schools and their impact on the community development in San Angelo.

Kara received his Ph.D. and master of arts degrees from Texas Tech University. He holds a master’s degree from Georgia State University as well as a bachelor’s degree from Karadeniz Tech University in Turkey.

Fellowship benefactor Ellis, the president and CEO of Data Management, Inc., (DMI) in San Angelo, established the honor to be awarded annually to a deserving ASU faculty member in either the Department of Accounting, Economics and Finance or the Department of Management and Marketing.

A retired Air Force Colonel, Fender originally came to San Angelo as the base commander at Goodfellow. After 30 years of service in the Air Force, he retired in 1986 in San Angelo where he served as mayor between 1997 and 2001.

Ellis and Fender were ASU classmates, each earning a master of business administration degree in 1988. That same year, they formed DMI and were partners for several years before Fender sold his share of the company to Ellis. They have remained friends throughout their acquaintance.

DMI develops and markets TimeClock Plus™ Time and Attendance Solutions. In October 2005, for the second year in a row, DMI was named by the worldwide accounting firm Deloitte & Touche to the prestigious Technology Fast 500, recognizing the 500 fastest growing technology companies in North America. Earlier last year, DMI was named 23rd in the Texas Fast 50, Deloitte’s determination of the 50 fastest growing technology companies in Texas. Previously, DMI had been selected as Business of the Year by the Texas Association of Business and Chambers of Commerce.