ShipNet Expands Local Presence

ShipNet is embarking on an aggressive expansion strategy to establish and develop regional branch offices worldwide. Branch offices are subsidiaries of one of the three ShipNet companies (ShipNet AS, ShipNet USA, ShipNet Asia). The intention is to enable higher levels of proactive Account Management, Customer Support and the provision of local Consultancy Services.

The first two of these offices will be established in Athens and London. The branch office in Athens will be fully operational by the end of Q2 2005. In London, the office will be operational on Account Management during Q1 and fully operational by the end of 2005. ShipNet will continue to evaluate and identify in what geographical areas additional branch offices can deliver the most value to the ongoing development of our customer base and existing customers’ utilization of their ShipNet solutions.