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regs4yachts Announces New CEO

Maritime Activity Reports, Inc.

July 26, 2005

regs4yachts, experts in regulations and compliance for large yachts, announced the appointment of Nick Gladwell as Chief Executive. Nick will be starting in this role on the September 1, 2005. Until recently Nick was the Director of Safety & Survey at the Cayman Islands Shipping Registry (CISR). Before joining the CISR Nick was a Principal Surveyor with the MCA. He has served at sea as a Chief Engineer and has extensive experience as a Superintendent.

The Cayman Islands Shipping Registry is the largest super-yacht registry in the world and Nick is a renowned expert in building and operating yachts to the MCA Code. During his seven years at the CISR he assisted numerous yacht owners, operators, captains, engineers and project managers to resolve potentially costly problems. We are pleased to now be able to offer his expertise which will be supported by the existing regs4yachts skills in law, regulations, operations and IT.

regs4yachts provide a range of consultancy services and products designed to assist yacht owners to comply with codes and regulations. They support yacht owners and managers with ISM and ISPS compliance, supply new build project software and are engaged by many owners and managers for discrete problem-solving.

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