International Risk Group, LLC, Announces New Proprietary Political Risk Policy - Anti-Deficiency

Littleton, CO - April 28, 2003 International Risk Group announces a new, proprietary risk management product that provides an indemnity for Anti-Deficiency to contractors doing work for the Federal government. The Anti-Deficiency policy indemnifies the contractor for financial damages incurred as a result of its reliance on tasks (which have been approved and scheduled to be funded by a Federal government entity; i.e., the Department of Defense or the Department of Energy) scheduled to be ordered….but are not ordered due to appropriations being withdrawn for that task.

The Anti-Deficiency policy provides first party coverage. The policy term is usually the length of the contract or until all required tasks have been ordered. The policy pays only at the end of the policy period and when it is determined that the tasks in question are clearly not being ordered. It does not pay for delays during the policy period. The policy is non-cancelable by the Insurer or Insured.

Damages encompass economic loss to the contractor, not profit to the contractor because of reliance on a scheduled task; i.e., a sub-contractor may have given the prime contractor a discount on price in earlier scheduled tasks…to his detriment, when tasks planned for later are not ordered.

The Anti-Deficiency policy does not cover the failure of the subcontractor to complete a task, termination for cause or convenience or mid-term delays.

Typically, Rate on Line is 7% with minimum premium thresholds beginning at $350,000.

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