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Labroy Shipbuilding Purchases Autoship System

Maritime Activity Reports, Inc.

June 23, 2004

Autoship Systems Corporation (ASC) has sold CAD/CAM software to Labroy Shipbuilding and Engineering Pte Ltd (Labroy) of Singapore. Labroy's network installation of Autoship Pro, Autopower, Autohydro Pro, Autoplate and Autostructure will undergo a major transformation.

First, existing software will be upgraded to present versions, and another seat of each of Autoship Pro and Autostructure will be added. The sale will also augment Labroy's software suite with three seats of Production Manager (ASC's nesting and stock management program). Lastly, to ensure that Labroy's marine engineers will enjoy the very latest in software features, the sale includes a maintenance and support package as well as a 10-day training seminar.

Labroy Shipbuilding and Engineering Pte Ltd http://www.labroy.com.sg together with its wholly-owned subsidiary PT Nanindah Mutiara Shipyard, operate the largest shipyard in Batam, Indonesia (about thirty minutes southeast of Singapore). The shipyard provides shipbuilding, ship repair and ship conversion services.

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