SOURCE: APS Financial Corporation

November 04, 2005 14:12 ET

APS Financial Corporation Updates Coverage of Great Lakes Dredge and Dock High Yield Notes

AUSTIN, TX -- (MARKET WIRE) -- November 4, 2005 -- APS Financial has updated coverage of Great Lakes Dredge and Dock Corp. High Yield Notes (bond symbol: GREATL). The Company is being covered by Senior Vice President & Director of High Yield Research, Joel D. Luton. For more information and a copy of the research report, please contact High Yield Associate Analyst Grant A. Wilbeck at gwilbeck@amph.com or toll free at (800) 248-0620.

APS Financial Corporation (APSF), a subsidiary of American Physicians Service Group (NASDAQ: AMPH), specializes in insurance company fixed income asset management, institutional and retail securities sales, and investment analysis. Established in 1981, APSF provides both institutions and high net worth individual investors with value-added, personalized investment advice and account services. Our staff includes experienced analysts, traders, and portfolio managers who are knowledgeable in all areas of the fixed income market. In addition to offering insurance asset management and reporting services, APSF is also extensively involved in the trading and analysis of high yield corporate bonds. We conduct our own proprietary research and have developed a large client base of high net worth individuals and institutional buyers.

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