Swift Group to Acquire Divcon, LLC

For immediate release: Apr 16, 2010

Swift Group, a member of Apex Group of Companies, signed an MoU to acquire DivCon, LLC, an underwater services company. They are headquartered in Morgan City, LA with offices in Owensboro, KY and Lake Wales, FL.

“This is another feather in our cap. There is humongous potential in oil & gas and maritime industries for an under water specialty company such as the DivCon. With our Apex Global platform, we will give this company an instant boost to elevate them in a short frame of time” said Lutfi Hassan, CEO of Apex Group.

DivCon, LLC is a producer of divers and under water services in the United States. Their success is based on economic and efficient commercial diving and consulting capabilities.

DivCon is uniquely equipped to offer problem solving strategies in any commercial diving project. They provide quick assessments of situations and identify marine developments problems that make Divcon the effective solution to the diving needs of the oil & gas and maritime industries. They handle projects whether large or small, inland or offshore. DivCon has been in business since 1991.

With Apex and Swift Group’s involvement, DivCon will likely grow to a employ over one hundred employees within the next few months from the seventy employees deployed currently.