Released on = December 6, 2005, 11:13 pm

Press Release Author = Marshall Islands Company Incorporation

Industry = Financial

Press Release Summary = The Republic of the Marshall Islands becomes the
jurisdiction of choice for publicly trade companies in the USA.

Press Release Body = For the past couple of years, Marshall Islands companies have
led the way in new shipping company IPOs (initial public offerings) on both the NYSE
and NASDAQ in New York. With a dozen Marshall Islands shipping companies now
publicly trading and more to come, it is clear that professionals, such as lawyers,
bankers and underwriters, trust the reputation of the Marshall Islands Corporate
Registry and the corporate law of the Marshall Islands. This corporate law, known
as the Republic of the Marshall Islands Business Corporations Act, is modeled on the
corporate law of the U.S. state of Delaware, which is widely regarded as the most
progressive and successful onshore corporate jurisdiction in the world.

Lawyers in particular appreciate the flexibility and dependability of the Marshall
Islands corporate program. According to Mr. Antonios Backos, who is a partner at
the successful New York law firm of Healy & Baillie, LLP, the Marshall Islands has
become the jurisdiction of choice for offshore public companies because “As
corporate governance issues increase in importance for public and private companies
alike, having a set of rules in an offshore jurisdiction that is more akin to
current Delaware law facilitates boards and their advisors in developing best
corporate practices.\"

The Marshall Islands presents the best of all worlds for those interested in an
offshore jurisdiction that can meet all of their needs. Since the Marshall Islands
has a statutory provision in its law that exempts all offshore Marshall Islands
companies from taxation in the Marshall Islands, Marshall Islands offshore companies
enable investors and other professionals to save a tremendous amount of money while
they can be assured that the legal system of the Marshall Islands will continue to
be recognized and respected worldwide.

More information can be found at:

http://www.register-iri.com.hk

Marshall Islands Company Incorporation Information:

http://www.register-iri.com.hk/company-incorporation.html



Web Site = http://www.register-iri.com.hk

Contact Details = International Registries has 11 offices worldwide and provide 24
hour service. When our Asian offices are closed, our American and European offices
are open for business. Our vast experience, coupled with a global presence, yields a
unique market awareness that will serve you well.