Tom Fargo Appointed as President and Chief Executive Officer

April 25, 2008

Honolulu - Hawaii Superferry, Inc. announced today that the Board of Directors has appointed Admiral Thomas B. Fargo, USN (Ret.) as President and Chief Executive Officer beginning April 28. Admiral Fargo, who has resided in Hawaii for the past nine years, served as both the Commander of the U.S.

Pacific Command and as Commander-in-Chief of the U.S. Pacific Fleet. In addition to his responsibilities as a Managing Director of J.F. Lehman & Company, Admiral Fargo is a member of the boards of Hawaiian Airlines, Hawaiian Electric Industries and USAA. He was previously President of Trex Enterprises Corporation, a privately held technology firm with significant operations in Hawaii. Admiral Fargo serves the community on the boards of Iolani School, Hawaii Pacific University and the Japan-America Society.

"We are excited to have such a talented leader as Admiral Fargo join our Hawaii Superferry management team," said Tig H. Krekel, Vice Chairman of J.F. Lehman & Company, the majority investor in Hawaii Superferry. "During his 35 years of naval service, Tom was an outstanding manager of complex maritime operations and facilities."

In conjunction with Admiral Fargo's appointment, John L. Garibaldi will become Vice Chairman and continue to serve on the Board of Directors of the company. "Having brought Hawaii Superferry from an idea six years ago to its successful realization today, John will continue to provide strategic leadership in building Hawaii Superferry to better serve the people of Hawaii," says Krekel.

Hawaii Superferry currently has one voyage daily from Oahu to Maui and from Maui to Oahu. Beginning May 9, a second voyage will be added four days a week operating on Sundays, Mondays, Wednesdays and Fridays. Visit http://www.HawaiiSuperferry.com for schedules.
 
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Media Contact:

Lori Abe
McNeil Wilson Communications
(808) 282-4398
labe@mcneilwilson.com