Prime Resource and Broadband Maritime Sign Agreement and Plan of Merger

Tuesday, March 20, 2007
Prime Resource, Inc. and Broadband Maritime Inc., a privately held Delaware corporation offering turn key, always-on Internet access to commercial shipping fleets, today announced the signing of a second amendment to the merger agreement previously entered into by the companies on January 15, 2007 and amended on February 13, 2007. On March 16, 2007, Prime Resource, Inc. entered into a Second Amendment to the Agreement and Plan of Merger with Prime Acquisition, Inc., a wholly owned subsidiary of Prime and Broadband Maritime Inc. The Amendment amends the Agreement and Plan of Merger, dated as of January 15, 2007 among Prime, Merger Sub and Broadband Maritime, as amended by the First Amendment to the Agreement and Plan of Merger, dated February 13, 2007, as further set forth in the Second Amendment to change the Closing Date to as soon as practicable on or before March 31, 2007.
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