1. U. S. Army Corps Of Engineers Memphis District November 16, 2007

2. Contract Dredges 1- Cutterhead Harbors 1- Dustpan Miss. River

3. Cutterhead Dredge Miss. River Harbors and Construction of Northwest Tenn. Harbor Size Of Dredge Length Of Contract Average Yearly Earnings Solicitation Date 27” 4000 Hp 1 Year$8 to $9 Million Jan / Feb 2008 This Dredge is used to maintain the 8 Harbors along Miss. River from Mile 652 to 922 and the construction of the Northwest Tenn. Harbor, Mile 899.

4. MEMPHIS DISTRICT’S 8 HARBORS 1 - Construction begins FY08 24,800 Sq. Mi. TN KY MS IL AR MO Osceola 4 3 2 1 5 6 8 7 Helena MEMPHIS New Madrid Hickman W.G. Huxtable Pumping Plant Cairo St. Francis River Little River White River Caruthersville Wolf River Phillips County McKellar Lake 9 NWTH

5. Dustpan Dredge (Lower Miss. River) Size Of Dredge Length Of Contract Average Yearly Earnings Solicitation Date 38” 6800 Hp. 6 Year with 5 Year Option $12 M TBD Note: We are in the 7 th year. 2008 will be the 2 nd option year.

6. QUESTIONS ????