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ABS Group Inc. and EQE International, Inc. Merge to Become World's Premier Risk Management Company, ABS Consulting

July 2, 2001

As of July 1, 2001, EQE International, Inc., one of the world's leading independent providers of risk assessment and risk management services, and ABS Group Inc., consolidated as ABSG Consulting Inc. Marketing under the name ABS Consulting, the unified Company will be the premier risk management consulting company in the world.

"The name change signals to both ABS Group Inc.'s and EQE's clients around the world that they are now being served by one company with greatly expanded capabilities in the provision of risk management and engineering services, along with safety, quality and environmental management services," said Frank Iarossi, Chairman of ABS Group of Companies. The Houston-based conglomerate maintains a worldwide network of offices providing these services to industry, governments and business with particular emphasis on the Global 500 and in process, power, transportation and energy sectors.

The change in the name represents the evolution of ABS Consulting toward a more holistic approach to client needs. This expanded capacity enables the Company to assist clients in identifying, characterizing and quantifying business, operational and asset risks arising from their operations. The enterprise-wide approach positions ABS Consulting to deliver rational solutions that blend effective management controls, state-of-the-art engineering analysis and design, practical loss-control measures and innovative risk-transfer options.

The synergies between traditional risk-based and engineering services and the safety, quality and environmental management and engineering expertise yield a very comprehensive array of services from enterprise risk management and business continuity planning to securitization and management systems.

 


ABSG Consulting Inc., marketing under ABS Consulting, (www.absconsulting.com) provides rational engineering-based solutions that blend state-of-the-art technology with practical loss-control measures and innovative risk-transfer options. Headquartered in Houston, Texas, ABS Consulting is an affiliate of ABS, one of the world's largest providers of classification services to the international marine and offshore industries.

For more information contact:

Rebecca Rieansnider
Senior Marketing Communications Specialist - ABS Consulting
1-281-673-2948 | rrieansnider@absconsulting.com