International Risk Group, LLC, securitizes the environmental liability and completes the mold remediation related to the acquisition of the Centre Port II Building located at 4200 Amon Carter Parkway in Fort Worth, TX.

Littleton, CO - February 6, 2003 - IRG Environmental, LLC, a subsidiary of International Risk Group, LLC, recently securitized the environmental liability related to the acquisition of the Centre Port II building located at 4200 Amon Carter Parkway in Fort Worth, TX. The buyer is a large private equity fund based in the USA. The site is a former call center facility near DFW International Airport.

IRG Environmental, LLC, provided due diligence, risk management and insurance brokerage services. IRG Environmental, LLC, secured a 5-year, $5 million in environmental insurance, with specific coverages related to mold risk, to cover potential cost overruns or other unforeseen environmental liability.

IRG Assumption, a subsidiary of International Risk Group, LLC, provided liability management services which successfully directed the remediation of the mold contamination within 90 days and on budget. All areas have passed the final clearance criteria outlined below:

• Air samples are collected inside each negative-pressure containment. Should the entire structure be a contained area, random air samples are collected in the structure at sample locations selected by the Industrial Hygienist. A representative number of air samples are collected to assess microbial concentrations in the entire structure. The total number of samples to be collected is a judgment made by the Industrial Hygienist on the inspection date.
• The indoor air sample results are compared to the results for air samples collected outside the structure. Outdoor sample locations typically include the upwind and downwind sides of a building.
• The air quality is determined to be acceptable if the airborne microbial species present in each test area are generally representative of the fungal species present in the outdoor environment. Indoor fungal spore concentrations should be less than the average outdoor concentrations. Under most situations, no one (1) microbial species should comprise greater than 80% of the total indoor fungal spore count for each sample. In addition, indoor microbial sampling should not yield air sample results that contain known toxigenic or pathogenic microbial organisms in a concentration greater than 21 spores per cubic meter of air.

IRG Assumption developed and will manage an annual Mold Operations and Maintenance Plan, which has been implemented for the entire facility to reduce the potential for future water incursion and mold impacts.

International Risk Group, LLC, is an impaired asset investment banking and environmental risk management firm headquartered in Denver, Colorado with offices in New Jersey, Houston, Pittsburgh and San Francisco. The firm specializes in acquisitions, divestitures, mergers, liability assumptions, public to private transfers, valuations and impaired asset advisory services for assets with valuations between $1 million and $1 billion and with liabilities between $1 million and $300 million.

International Risk Group, LLC, headquarters is located at 7991 Shaffer Parkway, Suite 300, Littleton, CO 80127. Phone: 303.972.6633 Fax: 303.948.4155