COSCO Publishes Chinese Web-Site

24.02.2006

Mr. Andrew Male, Vice President & Director of COSCO ESP, Inc., the “Company”, is pleased to announce that the Company has published a Mandarin version of its English website.

COSCO Publishes Chinese Web-Site

(COSCO).

The Chinese version may be accessed through the Company’s website at www.coscoesp.com.

COSCO has been pursuing a number of business opportunities in China for the past few years and it is now necessary to integrate our existing and future Chinese activities with a website that will enhance our sales and management activities.

These activities include the manufacturing of certain Electric Submersible Pump components that has been achieved with certain Chinese partners. The Company will continue to purchase reliable parts and accessories, while at the same time look to increase our manufacturing activities in China. At present the Company enjoys a strong relationship with many Stakeholders in China and its direct neighbors.

As well COSCO continues to be a “Qualified Bidder” on projects in China in addition to many other regions around the world. The introduction of the Chinese version of the website outlining COSCO’S products and services will support the efforts of the Company as it continues to extend its efforts even farther into the region.

According to COSCO President, Mark Dorin; “Having the ability to offer our services in Chinese will most definitely help in our sales efforts and in turn extend our intentions of completing the acquisition of certain technology and manufacturing abilities in China.”

COSCO will continue to work with our Chinese counterparts to maintain and update our website so that is it as comprehensive as possible.

COSCO ESP Inc. is an established manufacturer and service provider of down-hole Electric Submersible Pump related equipment in the oil and gas industry. The Company’s advanced technology oilfield pumping and monitoring equipment allows for more efficient extraction of oil from new and existing underground oil reservoirs. COSCO is active in several countries in the Middle East as well as Africa, Russia, China and Southeast Asia.

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