--PRESS RELEASE :: 11th July 2005--

SRO Solutions to promote Rydex's renowned ship-to-shore communication solutions to the UK Maritime market.

Manchester, UK (July 11th 2005): SRO Solutions Ltd today announced it has signed an agency agreement with Rydex Corporation Ltd. Under the terms of the agreement, SRO will promote Rydex's ‘rmx2' data communication product suite in the UK.

"We are very pleased with our new partnership with Rydex", said Steve Driver, SRO's Director. "As a new Company, right from the start we set out to "add value" and this agreement complements our business objectives exactly". He continued, "Over the last few months we have investigated and compared many systems in the market but the technical advantages of the Rydex products combined with their independence from any communication channel supplier means we can genuinely concentrate on maximizing the benefits for our customers whilst reducing their overall costs of communication".

Rydex provide a complete communications solution for ship owners and managers requiring the ultimate in functionality and flexibility. The Rydex email client software offers solutions in either a Public, Private or ASP form via Rydex hubs situated in Vancouver, Singapore and the UK. Rydex rmx2 can use Microsoft Outlook, Outlook Express, Lotus Notes or any SMTP/POP3 email client as its messaging interface and will optimize connections via a host of satellite and cellular networks such as Inmarsat, Iridium and GSM.

"Over the past 18 months Rydex have been expanding their product range and services to the Maritime market including a dedicated and wholly independent crew mail solution via traditional e-mail and SMS Text and a Document, Intranet or even an Internet replication solution applicable to narrow bandwidth but scalable to higher bandwidths in the future", said Paul Jolley, Sales Director for Rydex.

"This expansion further confirms our reputation as a Maritime Data Solutions provider and not merely an e-mail or communications software provider". He continued, "Rydex is committed to developing and delivering data solutions for the Marine industry and therefore our partnership with SRO will allow both companies to benefit from our respective strengths and industry expertise which in turn will benefit our respective customers. Being a predominantly technical company our preferred route to market has always been via Agents and Partners rather than direct. Therefore, with their wealth of market knowledge, credibility and reputation, SRO Solutions make an ideal partner to grow sales of our solutions within the UK market".

About SRO Solutions

SRO Solutions Ltd specialise in Maintenance & Purchase systems (CMMS) and ship-to-shore communications, covering the complete 'life-cycle', from software selection through installation, implementation, training and support. To further compliment the software services, SRO also provides database activities and customised development as well as being able to advise on other value-added systems such as predictive maintenance (CBM), e-commerce, V-Sat/Broadband and Knowledge Management.

About Rydex - www.rydex.com

Part of the Inmarsat Ventures plc group since 2000, Rydex enjoys the support of the leading global mobile satellite Communications Company and has been exclusively committed to developing and delivering high quality data solutions for the marine industry since 1991. With a worldwide network of agents and offices, the company currently provides ship-shore communications software and services to over 2,000 deep-sea vessels.