Friede Goldman Halter Announces Plan to Retain Investment Banking Firm
GULFPORT, Miss.–(BUSINESS WIRE)–Sept. 26, 2001
Friede Goldman Halter, Inc., (OTCBB: FGHLQ), announced today that it plans to retain, subject to Bankruptcy Court approval, the services of Houlihan Lokey Howard & Zukin.
Houlihan Lokey Howard & Zukin is an international investment banking firm providing a wide range of services including mergers and acquisitions, financial restructuring, private placements of debt and equity capital, business and securities valuations, financial opinions, litigation support, and merchant banking services. In the last decade Houlihan Lokey Howard & Zukin’s financial restructuring professionals have consummated over $30 billion in transactions. FGH will draw upon the firm’s diverse industry experience, extensive talent base, and resources to coordinate and execute a successful financial restructuring.
The company also announced today the appointment of Bob Shepherd to the position of Senior Vice President, Administration. Shepherd brings 24 years of experience in the shipbuilding and offshore industries to the position. He succeeds Charles DeCuir who recently resigned.
Friede Goldman Halter designs and manufactures equipment for the maritime and offshore energy industries. Its operating units are Friede Goldman Offshore (construction, upgrade and repair of drilling units, mobile production units, and offshore construction equipment), Halter Marine (construction of ocean-going vessels for commercial and governmental markets), FGH Engineered Products Group (design and manufacture of cranes, winches, mooring systems, and marine deck equipment), and Friede & Goldman Ltd. (naval architecture and marine engineering).
Note: This press release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of Section 27A of The Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Friede Goldman Halter expects, believes or anticipates will or may occur in the future, are forward-looking statements. These statements are based on certain assumptions and analyses made by Friede Goldman Halter, Inc. in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Friede Goldman Halter and which are discussed in Friede Goldman Halter’s Registration Statement on Form S-3, the 1999 Annual Report on Form 10-K, and subsequent Forms 10-Q. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.
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