January 17, 2007 — OAKLAND PARK, FL. — It was announced yesterday, that Edgewater Technologies, Inc. is now doing business as GOST Marine. GOST Security Systems, a Canadian-based company, has given exclusive licensing rights to further develop the marine market and distribute certain GOST Security Systems marine products for all marine applications worldwide under the trademark GOST.

At the helm of GOST is industry veteran, Marc Curreri, formerly co-founder of Marine Professionals, Inc. (MPI), a world-class yacht maintenance organization established in 1997 and headquartered in Southeast Florida. He and his select team of industry professionals bring over 25 years of marine experience to the playing field in order to establish GOST products as standard names within the marine industry.

GOST also announced the selection of Coastar Marketing as it’s manufacturing representation firm for the Southeast USA. Marc Curreri, president, stated they have also recently added ComMar Sales, LLC for the manufacturing representation in the Northeast USA and Coast Marine Marketing for the manufacturing representation on the West Coast of the USA. While still growing its dealer base, GOST will utilize a pre-established network of marine dealers that sell its product throughout the USA. The organization plans to have its international sales and distribution network fully operational by March 1, 2007.

According to Jay Keenan, President of GOST,
“Our products have been developed by yacht owners who saw the need for an established security and monitoring system on their yachts from personal experience. GOST, developed our products to fill this void and the enthusiasm from both owners and dealers has been overwhelming.”

GOST first introduced the Marine Magellan to the marine marketplace in 2005, it was the first two-way voice, completely wireless security and monitoring system to utilize proven technology applied specifically to marine applications.Marine Magellan has 32 zone monitoring and the ability to remotely monitor such things as high water, low battery voltage and loss of shore power, all with voice reporting. It can also control several AC and DC vessel functions remotely through cellular or satellite communication.

In 2006, the Nav-Tracker GPS monitoring system was added to our product line, which tracks vessels and notifies owners if the vessel has breached the coordinates of a pre-determined safety zone (geofence). It can also determine the exact coordinates of a vessel at any given moment.

GOST Security Systems has been offering personalized service and innovative technology for over 18 years. They are a multinational company established in Montreal, Canada with a 170,000 square foot facility and employ over 400 people. GOST units are manufactured in Canada and sold in more than 108 countries around the globe. Each Marine Magellan unit is individually tested under stringent guidelines and carries a 1 year factory warranty.