How to send pm to all the members of the forum

[ahmar2]

Hi all
  Is there any  mod or method that as a forum admin I can pm all the members of the forum at a time lets say a announcement or important news. As it will take ours if you send pm one by one and have 1000 members.

[H]

Admin area > News and newsletters

You can send newsletters as a PM instead of e-mail