Oceanwide Inc. Joins Profit 100 Ranking

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Fastest growing company in Quebec, eighth fastest growing company in Canada.

Montreal-based Oceanwide Inc. (http://www.oceanwide.com), a leading provider of on-demand software for international trade and cargo insurance, is pleased to be recognized with a top ten ranking in Profit Magazine’s annual PROFIT 100.

Operating as Oceanwide Inc. with offices in Montreal, Miami and Antwerp, the company serves a customer base of over 1000 Freight Forwarders, Customs Brokers, importers, and container freight stations as well as many of the world’s leading Cargo Insurance Brokers and Underwriters.

Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country’s most successful growth companies. Published in the June issue of PROFIT and online at PROFITguide.com, the Profit 100 is Canada’s largest annual celebration of entrepreneurial achievement.

Oceanwide posted a five year revenue growth rate of 3,645% to merit eighth overall in the 2005 edition and the fastest growing company in the province of Quebec.

“The Web-based collaborative software distribution model has proven an ideal fit in our target markets,” said Mitchell Wasserman, President and CEO. “We feel this recognition validates our company-wide emphasis on customer service and satisfaction.”

“Oceanwide partners with its customers, leveraging its ASP model to share the risks and value associated with its software,” adds Mr. Wasserman, “Our fees are directly tied to our customers’ usage and satisfaction. As a result, we are more responsive to emerging industry challenges and more attuned to helping customers implement successfully and this has set us apart from traditional software providers in a very time-sensitive market.

“We’re happy to welcome the 2005 PROFIT 100 winners to the most prestigious group of entrepreneurial businesses in Canada,” says Ian Portsmouth, editor. “Canada’s Fastest-Growing Companies are succeeding by knowing what customers really want, then delivering it.”

About PROFIT Magazine:

PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT—which currently reaches more than 400,000 readers nationally—hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs. Visit PROFITguide.com.

About Oceanwide:

Oceanwide.com is a leading provider of Internet e-commerce business solutions to the transportation and logistics community. Oceanwide.com provides on-line cargo insurance, customized messaging solutions, warehouse management, custom connectivity and online software for freight forwarders. The company’s Web site is http://www.oceanwide.com.

Contact:

(888) 289-7744 (Canada)

(800) 695-5677 (U.S.A.)

jparker@oceanwide.com

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Jamie Parker
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