May 15, 2006

OXENUK FINANCIAL CORP., Investment Division, announced the launch of its investment project with Martec Corp. (USA), and its further expansion with the opening of Martec Research, the new subdivision in Melbourne, Victoria, Australia. The mission of this project is to research and develop novel solutions in Ultra Wideband (UWB) communications, Radio Frequency Identification (RFID) systems, mobile positioning and high precision measurement technologies.

"Our global team brings together the business expertise, innovation and resilience needed to support our investments and to create the next generation technologies through the challenges of taking products fromconcept to market", said Vassili I. Oxenuk, President and Chairman of Oxenuk Financial Corp. "We strive to invest in entrepreneurs and companies that demonstrate an ability to gain a competitive advantage in the markets they serve".

"Development of UWB communication methods is becoming increasingly important", said Artem Muchkaev, President and Chairman of Martec Corp. "High multimedia data rates, mobile solutions demand, new services and the variety of applications inspire development and implementation of advanced wireless communication technologies. Recently we have patented the impulse RFID technology. Our near and long-term goals are to research and develop an indoor mobile positioning system and high precision methods of UHF and fiber-optic measurements".

Source: www.oxenuk.com