New Bluefin Distribution Agreements

Chief Operating Officer Robert J. Grieve commented that Bluefin has provided AUV technologies for military and commercial applications worldwide for years. These new distribution agreements reflect a significant change in the Company's philosophy from the use of a completely internally-based sales force to the addition of representative-based sales outside of the U.S. Bluefin likes to have local representation wherever possible, in order to provide the fastest and most direct response possible for sales as well as customer support. This is a significant expansion of its global sales and support coverage, and we believe that it will contribute considerably toward sales growth on an immediate basis.

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