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FirstWave And A&P Form Alliance

Maritime Activity Reports, Inc.

May 11, 2000

FirstWave and A&P Group have laid the foundation for the first global network dedicated to marine repair. This alliance will initially capitalize on the multi-site facilities and knowledge of both companies in offshore vessel maintenance, rig repairs and complex conversions. The joint venture also allows both companies to combine marketing and share project management expertise for the delivery of repair and conversion services for clients in the North Sea and Gulf of Mexico. In addition, the alliance is formulating to extend its services into West Africa by year-end.

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