I got this announcement from the IBO web page.....Can someone explain this to me?

IBO ANNOUNCES FITA ASSOCIATION
FOR IMMEDIATE RELEASE

Release Date: 01/21/02
Contact: J.R. Absher, Director of Communications
812.836.4444

3-D archery to be promoted worldwide

IBO/3DI and FITA announce ground-breaking international alignment


The International Bowhunting Organization (IBO) is pleased to announce the completion of an agreement with the International Archery Federation (FITA) to promote and expand 3-D archery competition worldwide.
With the IBO's formation of an independent organization, 3DI (3-D International), it will cooperate with FITA to join forces to hold 3-D tournaments and championships under international rules.
Under terms of the agreement, 3DI representatives will participate as members of a FITA 3-D Ad Hoc Committee to promote and encourage member associations in all 130 FITA member countries to join forces in expanding 3-D archery shooting.
"The joint promotional effort between FITA, the IOC-recognized International Sports Federation for archery, and 3DI as the experts of 3-D archery, will greatly increase the worldwide growth of 3-D archery. We are pleased to have 3DI affiliated with FITA," said Jim Easton, President of FITA.
As a result of the affiliation, FITA and 3DI will develop one set of rules for competitions and championships and develop plans for a FITA/3DI World 3-D team Archery Cup for each country.
"We at 3DI look forward to working with FITA in the coming years to develop 3-D archery on the world stage," said Ken Watkins, president of IBO and 3DI. "Although it's immensely popular in some parts of the world, 3-D competition has not been regularly exposed to potential participants in many sectors of the archery community. We welcome this opportunity to help develop participation in 3-D as well as all of archery's disciplines."

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With individual members, club and dealer affiliations, the IBO represents nearly 80,000 hunting archers. Since 1990, the IBO has dedicated more than $350,000--to the defense and promotion of bowhunting at all levels.
For information on individual or club associate IBO membership, contact the International Bowhunting Organization at P.O. Box 398, Vermilion, OH 44089 (440) 967-2137 (www.ibo.net).

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Jim Easton, President
FITA
Avenue de Cour 135
Lausanne, 1007
Switzerland

Ken Watkins, IBO President
3DI 3049 E. Liberty Ave.
Vermilion, OH 44089
440.967.2137