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SpecTec Italy Extends Agreement With SNAM

Maritime Activity Reports, Inc.

August 3, 2000

SpecTec Italy has signed a contract extension with SNAM, Italy's leading gas transportation and distribution company. According to the terms outlined in the deal, SpecTec Italy will provide SNAM with training services, technical support and customized software. In 1999, SpecTec Italy installed AMOS Maintenance and AMOS Purchase in 20 SNAM gas-pumping stations located throughout Italy. The new contract, valued $2 million, will service these installations for an additional 24 months.

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