Oceanex announces its purchase of new 53' containers

    MONTREAL, Feb. 7 /CNW Telbec/ - Captain Sid Hynes, Executive Chairman of
Oceanex Inc., is pleased to announce the purchase of 150 - 53 feet long
containers for delivery in the first quarter of 2008. These new high cube
containers will provide the equivalent cargo handling capability to that
provided by 150 tractor trailers and are expected to be in service by March
2008. "While these units will be used primarily to serve our Newfoundland
customers, this investment further demonstrates our commitment to meet client
requirements throughout Eastern Canada".
    These new units will provide Oceanex with an ability to meet its future
growth targets while maintaining industry leading cycle times between its
terminals and inland operations.

    Oceanex Inc, a privately owned corporation, is a leading player in the
east coast transportation industry. Oceanex operates from St. John's,
Montreal, Halifax and Corner Brook, utilizing three vessels, an inland
trucking service from its four operating ports and is a full inter-modal
transportation service provider between any point in North America and the
island of Newfoundland.
    Oceanex Inc is committed to growing its position in Eastern Canada.

For further information:

For further information: Captain Sidney J. Hynes, Oceanex Inc., (709)
722-6280, (709) 726-2507 (Fax), sid@oceanex.com, www.oceanex.com

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