Server: Microsoft-IIS/2.0 Date: Thu, 20 Nov 1997 18:59:05 GMT Content-Type: text/html Accept-Ranges: bytes Last-Modified: Tue, 02 Sep 1997 13:17:04 GMT Content-Length: 6152 Halter Marine Group, Inc. - Press Release

PRESS RELEASE
For release: August 4, 1997
Contact: A. J. Rizzo
Tel: 504-248-2237

 

HALTER EXECUTIVE, HARVEY WALPERT ELECTED LOUISIANA STATE PRESIDENT OF THE NAVY LEAGUE OF THE UNITED STATES.

 

Harvey B. Walpert, senior vice-president, corporate affairs of the Halter Marine Group, Inc. (AMEX:HLX) Gulfport, Miss. has been elected Louisiana state president of the Navy League of the United States for the year beginning July 1. He succeeds Robert Acomb of New Orleans.

The Navy League is a civilian maritime organization founded in 1902, which is dedicated to educating Americans about sea power. Its 70,000 members in 330 councils worldwide engage in activities supportive of the U. S. Navy, Marine Corps, Coast Guard and Merchant Marine.

Walpert maintains offices in New Orleans and at Halter's corporate offices in Gulfport, Miss. Halter Marine Group, Inc. is the nation's largest builder of small to medium sized ocean going ships. The company reported fiscal year 1997 revenues of $406.7 million and a $570 million backlog as of June 30, 1997.

Halter, which builds a wide variety of vessels for commercial, energy and government/military markets has 17 shipyards: six in Texas; five each in Louisiana and Mississippi, and one in Florida. The company recently reached an agreement to acquire Bludworth Bond Shipyard, Inc.'s two shipyards in Houston and Texas City, Texas.

Walpert is the immediate past chairman of the New Orleans chapter of the Navy League. He is a past chairman of the American Waterways Shipyard Conference, a group of 55 shipyards employing 15,000 and is the current president of the Southeast Shipyard Association. He has 18 years of significant management experience at Halter Marine Group, Inc. and its predecessor companies, and 21 years with the Electric Boat Division of General Dynamics. He holds a B. S. in Engineering from Johns Hopkins University and an M. B. A. from Columbia University.

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