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Veson Nautical’s IMOS Selected by Neste Oil

Maritime Activity Reports, Inc.

October 2, 2006

Veson Nautical, the US-based maritime software developer that delivers outstanding chartering, operations and accounting solutions to marine cargo transportation managers across the globe, announced that Neste Oil Corporation has licensed Veson’s Integrated Maritime Operations System (IMOS). Neste Oil, an independent northern European oil refining and marketing company will leverage IMOS in its Shipping Division for all activities related to the company’s fleet of tankers. Veson Nautical’s solution was selected from among seven other providers after Neste conducted a thorough analysis of needs and internal processes to ensure the new operating system would be able to handle all current and future requirements. IMOS will help Neste Charterers, Operators and Accounting staff improve their time efficiency, enabling them to enhance their productivity. IMOS will interface with Neste’s accounting system and payments/receipts processing software that is currently installed. Veson’s IMOS installation is scheduled to be completed by December.

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