Mullen Files First Electronic Truck Manifest with Oceanwide

Montreal– October 27, 2005 –Oceanwide Inc. (http://www.oceanwide.com), a leading provider of on-demand software for international trade, announced the successful transmission of electronic truck manifest information to the CBP’s ACE system on behalf of Mullen Trucking, October 6th.

This will enable IMU agent partners and cargo insurance customers to issue electronic certificates of insurance and complete shipment and storage declarations online.

This submission was the first live manifest successfully submitted via a third party software provider since CBP began testing the electronic truck manifest in December 2004.

In order to meet the requirements of the 2002 Trade Act all trucks crossing into the US will need to submit Advance Manifest Information through the Editrade Truck e-Manifest (AMS) service. Truck AMS is the fourth installment of CBP’s automated manifest system, requiring truck carriers to submit electronic manifest information to CBP one hour before any truck arrives at a border crossing.

While CBP has launched an online portal for truck manifest filings, the portal offers no integration with Transportation Management Systems (TMS) and many truckers with large shipment volumes have opted to team up with approved third party vendors for e-truck manifest compliance.

Oceanwide has become one of the world’s largest providers of automated manifest solutions to the international trade community. Oceanwide’s software allows users to access a single interface for North American manifest compliance, completing and transmitting manifest data to US Customs for AMS or Canadian Customs for ACI. The manifest compliance software can be seamlessly integrated with Oceanwide’s ABI, TMS and WMS solutions as well as other internal or third party logistics management solutions.

Oceanwide has been providing electronic Air AMS submissions for more than 10 years as EDITRADE. It was the first company to actively and successfully test third party Truck AMS software with US Customs, receiving a certificate of appreciation from CBP this February and becoming one of the first software companies to be approved third party vendors of Truck AMS solutions in May 2005.

About Mullen Group

Mullen Group Income Fund is a broad-based transportation and service company providing management and financial expertise, technology and systems support to a network of subsidiary companies. The Mullen Group is recognized as the largest provider of specialized transportation and related services to the oil and gas industry in western Canada, as well as one of the leading suppliers of trucking and logistics services in Canada.

About Oceanwide Inc.

Oceanwide.com is a leading provider of vertically oriented business management solutions to the transportation and logistics community. Oceanwide.com provides on-line cargo insurance, customized messaging solutions, warehouse management, customs connectivity and freight fowarding software delivered online. Oceanwide's website is www.oceanwide.com