FOR IMMEDIATE RELEASE

(NOVEMBER 02, 2005)

Ms. Annie Ng has been appointed as Managing Director of International Registries (Far East) Ltd. (IRFE).

Ms. Ng is based in the company’s regional office in Hong Kong and is responsible for the company’s maritime and corporate registry business in the Asian region.

“I am very pleased with the opportunity I have been given, we have an excellent team in Asia and we have worked hard to achieve impressive growth during the last few years. I am confident we can continue to build on this success in the future,” said Ms. Ng.

On announcing the appointment Bill Gallagher, President of International Registries, Inc. (IRI) said, “Annie Ng has played a major role in the success of IRI’s growth in the Far East during the last six years and she has been instrumental in establishing a network of offices around the region. This network in the Far East includes offices in Singapore, Shanghai and Tokyo. She is currently in the process of opening an office in Dalian.”

Ms. Ng graduated from the University of British Columbia with a Bachelor of Arts degree in Economics in 1995. She joined IRFE in 1999 as a Corporate Administrator. Ms. Ng was promoted to Corporate Manager in 2000 and was subsequently appointed as General Manager of IRFE in 2004.