S$4.4 million in work orders

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Muda Production PlatformContracts secured include CP services for SMOE?s

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orders for tools and hardwareTo supply to Labroy for its rig building projects with

Singapore, 25 January 2008 ?

its subsidiaries (the ?Group?), a leading services provider for corrosion prevention,

infrastructure engineering, and supply and distribution services to the marine and

offshore oil and gas industries, is pleased to announce the Group has secured a total of

S$4.4 million in work orders from key customers.

The contracts secured are for the Corrosion Prevention (?CP?), Infrastructure

Engineering (?IE?) and Supply & Distribution (?SD?) divisions.

Under the CP division,

SMOE Pte Ltd?s offshore projects - Muda Production Platform (approximately S$1.9

million). For the IE division, work orders secured from FACI Asia Pacific Pte Ltd includes

turnkey services, engineering, fabrication and installation of process pipes and

equipment in Jurong Island (approximately S$1.5 million). As for the SD division, the

Group will be supplying tools and hardware to one of Labroy Marine Limited?s

subsidiaries for its rig building projects in Batam (approximately S$1.0 million).Beng Kuang Marine Limited (?BKM?) or ?明光海事? andBKM will be providing corrosion prevention services for one of

?With the new contracts, there is a clear indication of our existing customers?

confidence in our services. We will continue our dedication to deliver quality and

timely services as we engage in active discussions for future contracts. Barring

unforeseen circumstances, the Group expects positive revenue contribution from

these contracts in 2008/9.?

Mr Chua Beng Kuang

Managing Director