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www.marinelink.com MN51shore then transported to Dulac, La., the once downed platform had to be modified in the air and positioned ona barge to fit under a bridge leadingto the recycling facility. Oil spill recovery was performed on the water during the lifting cycle from the ocean floor and during transport when contaminants leaked onto thecontainment barge ? no oil from the base went into the water. AMPOL worked to contain the spill and clean the barge. Before final transportation to Amelia, La. additional cleaningwas performed on the barge and plat- form. The crew for the job included eight on the boat, four on the boomsand five for cleaning. www.ampol.net RESOLVE Marine Group Acquires EBDG New Orleans office RESOLVE Marine Group, Inc. (RESOLVE)has acquired the staff and assets of the Elliott Bay Design Group?s (EBDG) New Orleans, Louisiana office. The addition of for- PEOPLE & COMPANY NEWS SeaArk Marine Temporarily Discontinues Taking New Orders Military and industrial aluminum boat manufacturer SeaArk Marine, Inc. of Monticello, Arkansas will temporarily suspend acceptance of new boat orders until further notice. Due to sporadic and low (new construction) sales figures for nearly 24 straight months, the company began an overhead reduction plan in an attempt to ?ride out? the effects of the current market until substantial improvement in the government & industrial marine sec- tor appeared more apparent. SeaArk Marine, Inc. is not completely shutting down its operations. The company currently has several boats on order that will continue in con- struction until those are completed and delivered with factory support and full warranty coverage. The company will also continue fulfilling spare parts orders indefinitely. New orders for repair/refurbish work with short turn- around cycles will continue to be accepted until January 1st, 2012. ?Obviously, this is a very emotional decision for everyone concerned? said John McClendon, President and CEO. ?We have recently worked our way down to the minimum amount of fixed overhead we could and still proper- ly serve the market that we compete in. Typical construction time for our products can be fairly long ? up to a year or more for some of the larger ves- sels. This means that very small contracts and ones that continue to be stretched far apart have the potential to keep pushing cash consumption fur- ther and further out; eventually beyond financially sound limits.? ?The situation is that SeaArk Marine, Inc. is currently in a positive cash position, no debt whatsoever, and has the ability to keep our employees and vendors paid rapidly. We wanted to be able to continue that position and control those elements long before it became any sort of crisis to manage. Company ownership has struggled with this decision for some time, but this sales downturn is the most severe experienced in the company?s 52 year his- tory. We would not accept a situation where we couldn?t live up to our obli- gations to our customers or our vendors.? McClendon continued, ?Financially this is clearly the best option and I would rather ?hunker down? now under a well controlled plan - with the real possibility of coming back strong in the future - than to just keep rolling the dice that things are going to improve quickly enough to make remain- ing 100% operational right now a good business decision.? SeaArk Marine, Inc. (formerly MonArk Boat Co.) has been in continuous operation in Monticello, AR since 1959. The company has delivered boats to all 50 states, every U.S. held territory, and over 70 countries around the world. SeaArk Boats, the recreational aluminum boat builder also located in Monticello and operated by Robin McClendon (John McClendon?s sister) currently enjoys steady sales and is unaffected by SeaArk Marine?s decision. Each company serves distinctly different product markets with completely separate sales and distribution methods. www.seaark.com MN#9 (50-57):MN 2011 Layouts 9/6/2011 3:54 PM Page 51