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MISTgroup Launches VTSS-Advanced

Maritime Activity Reports, Inc.

September 14, 2004

MISTgroup announces the launch of VTSS-advanced, a configurable version of its flagship Vessel Terminal Synergy System (VTSS) software. VTSS-advanced provides the maritime community with a universal portal to store vessel and terminal data. The system enables a vessel and/or terminal to submit required data to Port Authorities, create automated questionnaires, and control access to proprietary data. VTSS-advanced has built in functionality to perform vessel and terminal evaluations, advanced queries, and trend analysis. The system is designed to enhance existing safety/quality assurance systems and provides distinguishable control between internal sensitive data versus shared accessibility. "VTSS-advanced was developed by MISTgroup in response to a clear need in the maritime industry for a flexible, highly functional, and cost-effective application for marine data management," commented John K. Miller, MISTgroup's Vice President of Global Marine Applications. "We spoke with many terminal owners and operators, vessel owners and operators, charterers/trading firms, port authorities/agents, pilot associations, and brokerage firms and incorporated their input regarding capabilities, usability, and design into VTSS-advanced," Mr. Miller said. VTSS-advanced is the next generation of MISTgroup's product line. VTSS-basic is the company's current product on the market. VTSS-basic is a free version of our user-friendly application, which helps to foster global collaboration and maintain data readiness for Vessel/Terminal Owner/Operators. The feedback received from users about VTSS-basic is very encouraging. Since the inception of VTSS-basic, the company has seen a steady increase in the subscription and utilization of the product, as well as an expansion of the data base. With VTSS-advanced, MISTgroup leads the marine industry in innovation and design. MISTgroup believes that VTSS-advanced and its dynamic flexibility to respond to market demands provides clear advantages over applications offered by other companies, such as Lloyd's Register - Fairplay SeaWeb, Q88, Maritime Data, and Clarksons. Based on proven technology and industry expertise, VTSS-advanced can be ported to any data platform and exchange data efficiently, accurately, and inexpensively. "The VTSS-advanced platform provides exceptional performance and secure data delivery that will allow users in the maritime industry to rapidly access and review accurate data. This will result in quicker, more informed decision-making," noted David Clark, MISTgroup's Chief Technical Officer. "Our IT team continues to enhance the robust architecture that is the foundation of VTSS-advanced: speed, reliability, and customized settings based upon end-user needs." "The marine industry is similar to other industries in that secure, accurate, and reliable data is a key factor to success," according to Jim Smith, MISTgroup's Chief Information Officer. "VTSS-advanced has an extraordinary data model that allows fast access while retaining extreme flexibility, where the database literally changes shape with the demands of its users and accommodates any new scenario presented by the user," continued Mr. Smith. "Our systems are capable of recording, tracking, querying, and viewing any form of data. MISTgroup can meet the data warehousing needs of every client."

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