 The article quoted a report by Strategem Consulting International, an independent firm hired by the United Nations, which stated “between 2003 and 2005, life in Karakert, known as Children of Armenia’s first model village, improved dramatically.”

In 2004, Armen became a recipient of the prestigious Ellis Island Medal of Honor for his humanitarian efforts in Armenia as well as his exceptional contributions to American society.In 2002, Ernst & Young recognized him as the NYC Biotechnology Entrepreneur of the Year.