This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

FairBoss Corporation Announces Executive Resignations

06 6 2003

MAPLEWOOD, NJ, -- November 4, 2003 -- FairBoss Corporation today announced the resignation of executives Timothy Peoton and Keith Schwab from all positions held by them at the Corporation and its subsidiary Cambridge Risk Reinsurance Intermediaries LLC, and announced the departure of Mark Miller from all positions held by him at the Corporation and its subsidiary FairBoss Underwriters Inc.

Mr. Schwab and Mr. Peoton were appointed to the board of directors of the Corporation on November 26, 2002. Approximately 60 to 90 days thereafter disputes related to compensation, equity participation, composition of the board of directors and other matters arose. The board elected November 26, 2002 did not publicly release any financial information or issue any press releases during its term of service ending April 24, 2003.

The Corporation intends to announce replacement director and officer information and release updated financial information promptly.

For further information on FairBoss Corporation and subsidiaries, please contact the company at (973) 763-2100.