I stumbled across this free HTML Newsletter resource via the good folks over at the 8 Bit Network. I have already begun using it and it seems to do the job if you have a list under 500 people. I would recommend you try MailChimp for your e-news or event announcement needs.
I have previously used Constant Contact which did the trick as well but of course was a fee based system though I am sure they too have a free or trial component but perhaps not as generous as MailChimp.
You can sign up to start using MailChimp for free here.
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