Ambridge Partners Introduces Successor Liability Insurance Policy 4/14/2003 (New York, April 14, 2003) Ambridge Partners LLC (“Ambridge”) today introduced its Successor Liability Insurance policy. This policy can respond to concerns of purchasers or transferees of assets that by entering into a transaction they will unintentionally assume certain legal liabilities or obligations despite the fact that they are expressly excluded in the relevant documents to the transaction. “In these uncertain economic times, where many sellers or assets are experiencing financial difficulties, this product can be an effective transactional tool, allowing our clients to focus their due diligence efforts on the risks associated with the business asset being purchased rather than on specific unintended ‘successor liabilities,’” said Jeffrey Cowhey, Ambridge’s President. The Successor Liability Insurance policy can be purchased at the time a transaction closes or to facilitate the timely release of escrow funds or purchase price holdbacks if the purchaser or transferee continues to have a concern about the ongoing specific potential “successor liability” exposures, and as such declines to release escrow funds or holdbacks. Ambridge’s policy can provide a more cost-effective and efficient solution to address the potential exposures surrounding an asset sale of a business than the continued application of funds held in escrow or holdbacks. For more information about this issue to which the product is designed to respond, policy forms, applications or broker informational packets, please contact Ambridge at 212.871.5400 or email us at info@ambridgepartners.com.