diff --git a/html/BigTIFFProposal.html b/html/BigTIFFProposal.html
index ba4f3763..0a86e38a 100644
--- a/html/BigTIFFProposal.html
+++ b/html/BigTIFFProposal.html
@@ -5,6 +5,8 @@
 </head>
 <body>
   <h1>Proposal to Implement BigTIFF Support in LibTiff</h1>
+  <p><b>NEWS:</b> We have located all four required sponsors. There are no more 
+    open slots. We will issue appropriate press release early January 2007.</p>
   <h2>0. Summary</h2>
   <p>BigTIFF logically extends the original TIFF file format (referred to as 
     'ClassicTIFF' from this point on), breaking the 4 gigabyte boundary, in theory 
