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March 9th, 2000

Globe Wireless® enhances customer support and software development teams

Globe Wireless, a leading provider of maritime communications solutions, is pleased to announce the addition of six new members of its Customer Support and Software Development Teams.

Roger Chiu - previously responsible for technical customer support and installations with Rydex Industries. Mr. Chiu will work in the area of technical customer support and shipboard installations for Globe Wireless.

Vernon Harvey - previously responsible for development and maintenance of the critical elements of several Rydex products including the Rydex Mail Manager with Rydex Industries. Mr. Harvey will work as a senior developer on several key software components of the Globe Wireless system.

Patrick Reagan - previously responsible for customer support and installations throughout Europe for Rydex Industries. Mr. Reagan will head up the operations organization in the Globe Wireless Liverpool Operations Center. Shane Rossbacher - previously Director of Operations at Rydex Industries, and principle designer of several key Rydex products. Mr. Rossbacher will be Director of Satellite Services for Globe Wireless, and will assist in design and development of new products.

Patrick Tong - previously Director of Asia at Rydex Industries. Mr. Tong will assume a similar role and lead the Globe Wireless sales, installations and customer support effort in Northern Asia, including Japan.

Park Wong - previously head of worldwide customer support for Rydex Industries. Mr. Wong will assume a senior role and work in the area of technical customer support and shipboard installations for Globe Wireless.

"We are extremely pleased to have this highly talented group join the Globe Wireless team," stated Frank Coles, Managing Director of Globe Wireless, and former CEO of Rydex Industries. "They will be instrumental in assisting Globe as we provide outstanding customer support and products to our customers. Each of these people acquired an excellent reputation while working at Rydex, and we are thrilled to have them on board."

Globe Wireless is 100% dedicated to serving the maritime community. The Company offers complete communications solutions by combining service and technology to simplify maritime communications. Advanced satellite and digital radio technology is used to transmit messages and data files to and from vessels anywhere in the world. Globe Wireless currently offers worldwide sales, 24-hour customer support, and global installation and repair services. Products include the Globe Communications Center(TM), the GlobeEmail® electronic messaging system for sending and receiving all types of written communications, GlobeTransfer(TM) for automatically moving data files to and from shore, special accounts for Crew messaging, Ship's Bulletin News and the GlobeOffshore® workboat management system.


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