January 16, 2003

(Houston, TX---) ABS Nautical Systems, the leading provider of fleet management software for the marine and offshore industries, announces personnel changes in its Piraeus, Greece, office further strengthening the structure of its market coverage in Europe and the Middle East.

• Evangelos Valsamis has been promoted to Manager of Sales and Business Development for ABS Nautical Systems for Europe/Middle East. An engineer, Valsamis has been able to work in collaboration with clients to develop an analytical approach that will work best for each client’s needs. With his technical background as a Mechanical Engineer and his experience in the Nautical Systems SafeNet suite of products, he is able to provide both technical as well as training support. His pragmatic approach assures the greatest value with each system implemented.
  
  
• Theodore Lagudis has been promoted to Manager of Operations for ABS Nautical Systems for Europe/Middle East. Mr. Lagudis has played a key role as Senior Product Consultant responsible for installations, training and overall software support. In his new capacity he will be working even more closely with clients providing them proven IT solutions for their individually unique marine and offshore business challenges. Also an engineer, his ability to comprehend each client’s specific needs has proven invaluable in the implementation process across the full scope of the ABS-NS product line.
  
  
• Demetrios Koutrokois joins the ABS Nautical Systems staff as Consultant focusing on support services for Europe/Middle East clients. His wide range of software experience with companies like Dell and MicroSoft combined with his Master’s of Science in Engineering uniquely positions him to work with clients integrating the entire suite of ABS-NS software modules to maximize its business impact. Koutrokois will report to Lagudis.

ABS-NS SafeNet is one of the leading fleet management software packages available to the marine and offshore industries. It offers a fully integrated, modular approach to managing all the principal operational expenses associated with a vessel or offshore rig, ranging from crew payroll to purchasing, to maintenance and repair. SafeNet is currently installed aboard several thousand vessels ranging from tug boats to vlccs.

For More Information, Contact:

Susan V. Gonzalez,
ABS Corporate Communications
1-281- 877-5853
sgonzalez@eagle.org

ABS Nautical Systems
1-281-877-5720
ns-info@abs-ns.com