Danica Diesel Ltd. Founded by Respected Marine Diesel Engine Specialist

West Vancouver – February 25, 2005 One of the marine industry’s respected diesel engine specialists, Holger Jacobsen, has announced the founding of Danica Diesel Ltd. (www.danicadiesel.com), a Canadian corporation, whose mission is to convert marine diesel engines into ECOengines to maximize performance and minimize pollution in order to provide ECOnomic and ECOlogical benefits for vessel operators. A West Vancouver-based company with a global reach, Danica Diesel plans to support vessel operators of large marine vessels around the world optimize engine performance.

Danica Diesel intends to leverage the high-level engine performance expertise of founder Holger Jacobsen through strategic alliances with industry players and innovative service and system integrations to service vessel operators worldwide. “We are in the vessel business,” remarks Jacobsen, “however what we really do is build bridges. We develop relationships with the best in the marine industry in order to provide the appropriate expertise, devices and systems to meet our clients’ needs to maximize vessel performance.” The company plans to service a burgeoning niche market in the marine industry; with the rapidly increasing fuel costs and pressure to reduce marine air pollution, as well as the reduced skill levels and manning on board, progressive vessel operators are realizing that monitoring and improving engine performance is an effective means to reduce operating and maintenance costs, as well as lower emissions.

Danica aims to develop a number of key strategic alliances with new technology innovators and manufacturers in order to provide the equipment components, systems and infrastructure required to service shipping companies worldwide. Well positioned to pull together the requisite resources, Danica Diesel will capitalize on its founder Holger Jacobsen’s extensive network of connections and relationships developed during Jacobsen’s extensive career as a marine diesel engine specialist, which includes 25 years senior management experience with MAN B&W Diesel the world's largest marine diesel engine designer and manufacturer, and Teekay Shipping, one of the world's leading energy shipping companies.

About Danica Diesel Ltd.

Danica Diesel Ltd. provides services and products that facilitate marine diesel engine performance excellence, thereby reducing operating and maintenance costs and benefit the environment. Danica aims to convert marine diesel engines into ECOengines, minimizing vessel pollution by maximizing engine performance, resulting in ECOnomic benefits for vessel operators. The company provides a variety of specialized technical consulting services to optimize engine performance including expert engine monitoring and diagnostics, and precision measuring equipment for ongoing engine performance.

Media Enquiries

Holger Jacobsen
Tel: 604-925-8340  Fax: 604-925-8350
Email: holger.jacobsen@danicadiesel.com
Website: www.danicadiesel.com

Forward-Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. All forward-looking statements are made as of the date hereof and are based on the information available to the parties as of such date. These forward-looking statements reflect our current expectations and are subject to a number of risks and uncertainties including, but not limited to, changes in technology, legislation, regulations and general market conditions. Due to the many risks and uncertainties, Danica Diesel Ltd. cannot assure that forward-looking statements that may be contained in this press release will be realized.