ValuShip, Ltd. Engages Independent Business Development Consultant

Investor Relations and Corporate Development Stated As Primary Focus

(PRWEB) July 18, 2003 -- Valuship, Ltd. (OTC BB: VUSPF) announced today that it has engaged the services of Mr. Gordon E. Wick to assist Valuship, Ltd., regarding Public Disclosure Inc., in further refining its strategy, restructuring its business units and capital structure, identify potential merger candidates and other related advisory services.

Mr., Wick is a, Vancouver British Columbia, based Independent Business Consultant who specializes in emerging growth and micro-cap companies, and whose services include preparing client companies for the fund raising process, orchestrating reverse mergers, advising on corporate restructurings, corporate and investor communications and providing other business and financial advisory services.

Mr. Karim Rahemtulla, President of Valuship, Ltd., stated, "We recently embarked on a new strategy aimed at rebuilding value in our company. Due to a number of factors relating to our business operations and current market conditions, we believe that further refinement and execution of this strategy will benefit greatly from the assistance of Mr. Wick, Our objective is to work closely with Mr. Wick and to move quickly through this process."

About ValuShip, Ltd.
ValuShip Ltd. (OTC: VUSPF) has completed an agreement with various parties, including its President, Karim Rahemtulla, whereby it has acquired the business plan and related assets necessary to establish a financial and corporate information dissemination services company. To this end, ValuShip has incorporated a wholly owned Nevada subsidiary known as Public Disclosure Inc." that will hold the business assets.

About Public Disclosure, Inc.
Public Disclosure, Inc. will be a financial and corporate information dissemination services company, targeting clients throughout North America. The company will give the customer a one-stop solution to Regulation FD, Sarbanes-Oxley Act and Corporate Governance compliance issues merging new media technologies with material financial information.

Note: Any statements released by Valuship, Ltd. and Public Disclosure Inc., that are forward-looking, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission.