International Risk Group, LLC, Securitizes the Environmental Liability Related to the Acquisition of the LTV Steel Hazelwood site by Almono, LP

Littleton, CO - October 3, 2002 - International Risk Group, LLC, securitized the environmental liability related to the acquisition of the former LTV Steel site in the Hazelwood section of Pittsburgh, PA by Almono, LP. Almono, LP is a partnership of four Pittsburgh-based foundations. The managing partner of Almono, LP is the Pittsburgh-based Regional Industrial Development Corporation of Southwestern Pennsylvania. Almono, LP plans to transform the site into a mixed used re-development including, but not limited to, offices and light industrial buildings. The purchase price was $9.94 million.

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