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Marport Named One of Canada’s Top 5 Fastest Growing Companies

ST. JOHN’S, NEWFOUNDLAND - June 2, 2010 — Marport Deep Sea Technologies Inc., a leading ocean technology company, announced today that it has been ranked as Canada’s 5 th fastest growing company in the 22nd annual PROFIT 100 by PROFIT Magazine.

The PROFIT 100 profiles Canada’s most successful growth companies and ranks the country’s fastest-growing companies by five-year revenue growth. Marport was selected based on the company’s 5,234% compound revenue growth from 2004 to 2009. Published in the June issue of PROFIT and online at PROFIT100.com, the PROFIT 100 is Canada’s largest annual celebration of entrepreneurial achievement.

Karl Kenny, Marport’s President & CEO, said; "We’re very honoured that Marport has been recognized for our growth and success. Our innovative and game-changing marine technologies result from the hard work and dedication of the entire Marport team. I congratulate our board of directors, management team and employees, and extend sincere thanks to our customers, partners and investors for their role in this achievement."

"Canada’s fastest growing companies are the poster children for entrepreneurship, innovation and pure tenacity," says Ian Portsmouth, editor of PROFIT. "They demonstrate what it takes to succeed in today’s highly competitive, technology-driven global economy."

About Marport

Marport is Canada’s largest sonar company and a world leader in the design and development of Software Defined Sonar® and marine robotics for underwater defence, commercial fisheries, offshore energy and ocean science. For more information, visit www.marport.com

About PROFIT Magazine

PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 28 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.profitmagazine.ca.

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