International Risk Group announces the acquisition of Affinity Insurance Partners

Littleton, CO - January 5, 2004 - International Risk Group, LLC, (IRG) is pleased to announce the acquisition of Affinity Insurance Partners, LLC, (AIP) of Colorado. The combined entities will operate as IRG - Affinity Insurance Partners (IRG-AIP).

AIP is a retail insurance agent-broker serving privately owned businesses in Colorado and the surrounding states. The combined insurance staff's expertise centers in construction, manufacturing, real estate and hospitality risks. William R. (Bill) Greer, President of AIP, will continue as the Director of Commercial Insurance for IRG-AIP.

Lee Dartois, President of IRG-AIP, reflected that "The acquisition of Affinity Insurance Partners gives IRG the foundation for its venture into the commercial insurance arena. We are proud to do business with the AIP clients and have someone of Bill's caliber leading our commercial insurance initiative."

Dr. Wayne Dorband, Chairman of IRG, stated that "IRG-AIP will allow IRG to provide even more valuable financial and risk management solutions for our clients in complex corporate and real estate transactions."

International Risk Group, LLC, is an impaired asset investment banking and environmental risk management firm headquartered in Denver, Colorado. 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.

IRG-Affinity Insurance Partners, LLC is located at 7991 Shaffer Parkway, Suite 300, Littleton, CO 80127. Phone: 303.972.6633 Fax: 303.948.4155

Contact Lee Dartois at ldartois@irgco.com for more information.