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Corbett & Holt and Gallagher Marine Announce Merger

Maritime Activity Reports, Inc.

October 5, 2001

Corbett & Holt, LLC and Gallagher Marine Systems, Inc. announced that they have reached agreement on a merger that will combine the two companies. This move is designed to join two of the premier providers of Qualified Individual and spill management team services and compliance support for the U.S. Oil Pollution Act of 1990 (OPA 90) and other U.S. state and national oil and hazardous substance pollution laws and regulations. The companies will continue to operate as Gallagher Marine Systems and Corbett & Holt under a joint management team. The joint management team will be made up of Biff Holt as managing director, Jack Gallagher as Director of response operations, and Charles Corbett as director of technical services.

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