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Los Angeles, CA -- New Mexico Governor Bill Richardson announced yesterday he is ending the exploratory phase of his campaign and is officially seeking the 2008 Democratic Presidential nomination. With his wife Barbara by his side, the Governor made the announcement during a news conference at the Millennium Biltmore Hotel in Los Angeles, California.

"The United States faces huge challenges, but also huge opportunities. I am running for President because these times call for a leader with a proven track record, and a demonstrated ability to bring people together to tackle our problems at home and abroad," said Governor Richardson. "I am that person, not because I say so, but because of what I have done, and what I can do for the American people."

Governor Richardson has devoted more than 25 years to public service, including 7 terms as a US Congressman, as US Ambassador to the United Nations, as Secretary of Energy, and is now in his second term as Governor of New Mexico.

"This Presidential election is unlike any other we've ever seen. From day 1, we have to repair the damage done here at home and to our reputation abroad. And that all starts with restoring diplomacy as the primary instrument of our foreign policy ... and basic fairness as the primary means for problem solving in Washington," said the Governor. "There are a lot of candidates in this race with good ideas. But coming up with a good idea is only half the job. The other half is bringing people together to get it done. I'm proud of my record of getting things done. And I'll put that record up against anyone's."