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<br />Preferred Freezer Services <br />Narrative for Tax Abatement <br /> <br />1. Introduction of the Company <br /> <br />A. Describe the Company's business activities, locations, primary markets, history <br />(when and where incorporated), headquarters location, parent or subsidiary <br />companies, etc. <br /> <br />Preferred Freezer Services started in 1989 in Perth Amboy, NJ. Preferred Freezer <br />Services was formed with intentions of becoming a leader in the cold storage <br />warehousing industry. Owner and President/CEO John Galiher acquired a 3 <br />million cubic foot freezer in Perth Amboy that had 26 full time employees and <br />generated $3.6 million dollars in sales. As of August 2006 Preferred Freezer <br />Services operates fourteen (14) cold storage warehouses with a total 74 million <br />cubic feet of space. Sales for the 14 facilities generated $79 million in 2005. The <br />fourteen (14) current Preferred Freezer Services cold storage warehouses are in <br />the New Y orklNew Jersey metropolitan surrounding area, Boston-Massachusetts <br />surrounding area, Los Angeles-California surrounding area, Miami-Florida and <br />Chicago-lllinois. <br /> <br />Headquarters: Preferred Freezer Services <br />360 Avenue P <br />Newark, NJ 07105 <br />(973) 820-4040 <br />(973) 820-4004-fax <br /> <br />B. Names of Chief Officers: <br /> <br />John Galiher-President/Chief Executive Officer <br />Dan Coon-Chief Operating Officer <br />Greg Robinson-Chief Financial Officer <br /> <br />C. Provide copy of annual report or financial statements, as detailed in <br />"Instructions" . <br /> <br />2005 Audited Financial Report is attached. <br />