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SailorNews Collaborates with Rydex

Maritime Activity Reports, Inc.

March 24, 2003

SailorNews Services (P) Ltd and Rydex Corporation announced an agreement for the provision of news services to Rydex customers enabling seafarers to remain conveniently in touch with their families, and remain abreast with happenings at home and the rest of the world. Under the terms of the agreement, SailorNews will provide news exclusively to the clients of Rydex. With a worldwide network of agents and offices, Rydex currently provides ship-shore communications software and services to ships worldwide. Part of the Inmarsat Ventures plc group since 2000, Rydex enjoys the support of the leading global mobile satellite communications company.

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