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Marine & Oceanographic
Technology Network

E-mail: info@motn.org

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April 6 and May 2, 2005

New Wave Media
Greg Trauthwein, Associate Publisher
Tel: 212/477-6700; Fax: 212/254-6271
Email: trauthwein@marinelink.com

Marine Marketing Services
Maggie L. Merrill
Tel: 781 740 1456 Email: Martrep@aol.com

New Wave Media Acquires Marine Technology Reporter

Hingham, Mass. & New York, NY -- New Wave Media has acquired, for an undisclosed sum, Marine Technology Reporter (MTR), a twelve year old quarterly publication dedicated to reporting on the marine, environmental and engineering business from Marine Marketing Services of Hingham, Massachusetts. Marine Technology Reporter, and its twice monthly electronic, sister-publication, www.mtronline.net, is dedicated to keeping its global audience of readers abreast of information on the worldwide ocean industry through feature articles, company and products news, and a comprehensive events calendar.

The new Marine Technology Reporter – a four-color magazine printed on a coated paper stock – is set to debut this summer. It will be edited for an international audience of executives, scientists, engineering and technical personnel in industry, government, and educational institutions that are actively employed and engaged in undersea defense, oceanography, the marine sciences, offshore drilling, underwater exploration and survey, diving and construction.

“Marine Technology Reporter is a natural fit for our comprehensive line-up of leading marine industry publications,” said John O’Malley, president and CEO of New Wave Media. “As has been our strategy since 1939, we will combine the finest editorial coverage with an unrivaled circulation. We will deliver to our advertisers an exceptional marketing opportunity, offering them advertising options with the lowest cost per thousand in the industry, delivering their message directly to their customers: executives, program managers, scientists, engineering and technical personnel.”

“You all know that MTR has been a labor of love on my part for the past twelve years. MTR was founded at a time when the New England marine technology industry was coming together as a cohesive group, resulting in the formation of the Marine and Oceanographic Technology Network. With unwavering support from MOTN, The Marine Technology Society of New England and our impressive and loyal advertisers, we have grown to be recognized as a global player in the ocean market place. We successfully launched the web site and the twice-monthly news blasts just a year ago with an impressive team of industry experts. We increased distribution of the printed piece two years ago from 3500 to 7700 today. And we created an email list of 4100 (and growing) individuals who receive the twice-monthly email blasts directly to their desktops. It just made sense to join forces with New Wave Media to bring MTR to the next level. New Wave has many years of experience in maritime publishing and I am confident in their ability and commitment of resources to nurture MTR to become the world class publication it deserves to be,” said Maggie Linskey Merrill. I will look forward to assisting in what ever way necessary to facilitate a smooth transition,” said Maggie Linskey Merrill, former editor and publisher of Marine Technology Reporter. Merrill will serve as Editorial Consultant to New Wave Media for the first year of operations.

About New Wave Media
Founded in 1939, New Wave Media is a New York City-based media firm that publishes a wide range of print and electronic products covering the international maritime industry. Print publications include: Maritime Reporter & Engineering News; Marine News; Maritime Security Sourcebook; and The United States Coast Guard 2005 Annual Yearbook. Online and electronic products include: www.marinelink.com; www.maritimetoday.com; www.maritimejobs.com; and www.maritimeequipment.com.

Contact New Wave Media at: 118 E. 25th St., 2nd Floor, New York, NY 10010; tel: 212-477-6700; fax: 212-254-6271; Web: www.marinelink.com; e-mail: trauthwein@marinelink.com

About Marine Marketing Services
Founded in 1985, Marine Marketing Services provides marine organizations with a wide range of marketing services. In 1993 Marine Marketing Services, President and owner, Maggie Linskey Merrill established the Marine Technology Reporter as a quarterly publication that provided a “Connection for New England Marine, Environmental and Engineering Businesses”. Over the twelve years of operations, MTR has widened its scope to cover news and information about the ocean technology field across the globe. A year ago, a web site, www.MTRONLINE.NET was added along with a twice-monthly email distribution.

Contact: Marine Marketing Services at: P.O. Box 172, Hingham, Massachusetts 02043; Tel. 781-740 1456; Fax 781-74- 1120; email: Martrep@aol.com.