Bollinger Responds to JOC Allegations

• STATEMENT OF BOLLINGER SHIPYARDS LOCKPORT, L.L.C.

Since its founding, Bollinger Shipyards has operated on the principle that “quality is remembered long after the price is forgotten.” Three generations of the Bollinger family have earned a spotless record for honest and fair dealing with every customer, including the U.S. Navy and Coast Guard, our largest client. Since 1984, Bollinger has built every patrol boat the Coast Guard has purchased; to date some 122 have been delivered.

We are disappointed with the Department of Justice’s decision to file a complaint related to work completed in 2006. Throughout this process, Bollinger has been open and cooperative with the government, and we remain committed to providing the government all necessary information and assistance to bring this matter to a close. Bollinger has tried to find a way to resolve this matter short of litigation, but we are fully prepared to defend our good name aggressively in a court of law.

As we have for the last 65 years, Bollinger will continue to deliver the highest quality and contract-compliant products to the United States Coast Guard and to each and every customer.