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To: SargeK who wrote (64358)	4/14/2000 12:03:00 PM
From: SargeK	Read Replies (1) \| Respond to of 95453

Friede Goldman Halter Completes Sale of Trinity Yachts Division "GULFPORT, Miss.--(BUSINESS WIRE)--April 14, 2000--Friede Goldman Halter, Inc. (NYSE:FGH - news) today announced that it has completed the sale of the company's Trinity Yachts division to a group led by John Dane III, the company's former chief operating officer. The sale generated cash proceeds of approximately $5 million for Friede Goldman Halter. ``This sale is a continuation of our asset divestiture program that we announced at the merger closing,' said J. L. Holloway, chairman and chief executive officer of Friede Goldman Halter. ``It removes a source of operating losses and enables management to better focus on our core businesses.' In conjunction with the sale, Friede Goldman Halter's year-end 1999 backlog of $689.1 million will be reduced by approximately $29 million of Trinity Yachts backlog at December 31, 1999. The company's Halter Marine subsidiary will continue to market and build steel-hulled yachts at its Lockport, LA shipyard under the Halter Expedition Series brand." biz.yahoo.com Comment: This sell was pending at the time of the Conference Call. Mr. Holloway stated in the CC that this division had lost $15.0 million in the previous 3 years. Looks like a good move and the Company remains on track with its non-core divestiture program. SargeK