(Atlantic Highlands, NJ)—It’s a done deal. SeaStreak, the Atlantic Highlands-based commuter ferry
service that brings thousands of people to and from Manhattan every day, has been acquired by New
England Fast Ferry. The deal closed on March 31st. The company had been owned by Sea Containers
Limited.

James A. Barker, the new President of SeaStreak, said his priorities include safety, preventative
maintenance to keep the boats running on schedule and improved customer communication. “I want to
reassure the many commuters who use our boats from our Highlands and Atlantic Highlands terminals
that we are committed to frequent and reliable service. We do not want anyone to worry about their
transportation to and from work every day. SeaStreak remains absolutely committed to ensuring that
the boats will run according to schedule.”

Additional improvements being planned for the future include:

• Upgrades for passenger safety to ramps, docks and transfer platforms
• Enhanced and cleaner restrooms
• Seating repairs and upgrades
• Installation of new flat screens
• Paint jobs for the boats

Another priority the company is looking at is how to keep fuel costs under control.  SeaStreak presently
burns more than 2 million gallons of low sulfur diesel fuel a year which represents approximately 50% of
its total cost.Low sulfur fuel has increased over one dollar a gallon in recent months and may necessitate
a price adjustment.  New England Fast Ferry will be transferring one of its New Bedford/Martha’s Vineyard
Ferries to SeaStreak during the fall, winter and spring months to work the off peak runs as another way to
save fuel.

Barker added that he is impressed with the Jersey Shore area and New England Fast Ferry is committed to continuing SeaStreak’s premier ferry service. “New England Fast Ferry is a family-run business. I’ve spent
more than 20 years in marine operations. I look forward to working with the SeaStreak staff and professional mariners in this excitingendeavor.   We have the best boats on the East Coast and the best people and we
look forward to providing outstandingservices to the public.  We are committed to our riders and hope that
the riding public will respond with their continued support.”

For more information, call 1-800 BOATRIDE or visit www.seastreak.com.