ABAX, Inc.

ABAX has performed interior renovation work in multifamily housing units (generally four to six stories in height) under many contracts with the NYC Housing Preservation Department on a continuous basis since the mid - 1990's. Each of our HPD contracts has been in the range of $1 million and have numbered between three and six in number at any given point in time; each of these contracts has been extended to the maximum extent possible by the New York City Housing Preservation & Development, which we feel attests to the professionalism of ABAX's field crews and our overall organization over a period of many years. Pursuant to our HPD contract obligations, we have simultaneously had crews working at up to fifty different HPD locations scattered in all five boroughs of New York City on a given day. We feel reference to our work in the residential community is important because it combines the needs for working with people who occupy an area on a cooperative basis (as is the case with most residential apartment work) with the critical need to make sure all work is completed within the period allowed. We strive for minimal disruption to occupants, owners on all of our projects whether they be small or large, commercial or residential, public or private.