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ABS Reports All Employees Evacuated Safely From World Trade Center Office

Maritime Activity Reports, Inc.

September 12, 2001

ABS confirms that all employees of its New York Executive Office, located on the 91st floor of One World Trade Center, evacuated safely from the building.

The office normally staffs 22 people. At the time of tragedy 16 employees were either in the office or in transit to the office. All 16 employees are accounted for. Physical injuries were limited to minor cuts and abrasions.

"It is miraculous given the point of impact of the aircraft was immediately above the ABS offices," said ABS Chairman and CEO Frank J. Iarossi.

"Saddened as we are by the tragedy, we are greatly relieved that every one of the ABS family survived."

Day to day operations of ABS are unaffected by the loss of the New York office which will temporarily relocate to New Jersey and is expected to reopen on September 17 . "We continue to provide uninterrupted service to our clients around the world," confirmed Iarossi, speaking from the organization's Houston, Texas, World Headquarters.

ABS moved its corporate headquarters from the New York World Trade Center to Houston, Texas, in September 1999.

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