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June 13, 2005

Management promotions at Bollinger

Bollinger Shipyards, Inc., has announced several promotions and assignments of its management team in order to meet the demands of increased business, expanded services and new technologies.

Craig Roussel has been named Vice President of Corporate Operations. His responsibilities will include State government relations, business incentives, and management of our ISO/Quality System, Environmental Services and Corporate Communications.

In seven years with the company, Roussel has served in progression as Director of Business Development, Director of Corporate Procurement, Vice President of Procurement and just recently as Vice President of High Speed Vessels,

Darren Savoye has been promoted to the position of Vice President of Business Development for Bollinger Shipyards. He will be instrumental in continuing to develop relationships and future programs within the Department of Defense and other US Governmental agencies.

Bob McDonough has been named Vice President of Bollinger High Speed Vessels (BHSV). He will be responsible for developing the detailed build strategy for the Incat-designed High Speed Craft in the U.S,. as well as developing detailed cost analyses for the project. In his combined 16 years with Bollinger, he began his career as Assistant Program Manager and Manager of Planning and Scheduling for the U.S. Navy CYCLONE Class of vessels, later assuming the role of Director of Production and Estimating, and currently, Vice President & General Manager of Lockport New Construction.

Gary Lipely has joined the Bollinger team as Vice President of Sales, New Construction. Gary will be focused on the continued development of Bollinger's diverse customer base with a focus on new construction opportunities.

Valarae Bates has been named Director of ISO/Quality System and Corporate Communications. She will maintain her present responsibility for ISO as well as being responsible for the company announcements, newsletters, website and other public relation duties

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