Samuel Israel III

Section 304 Petition for Assistance in Insolvency Proceedings in the Cayman Islands by Gordon MacRae and James Cleaver, as the Foreign Representatives of Bayou Offshore Master Fund Ltd., at the U. S. Bankruptcy Court for the District of Connecticut.

An offshore company that provided Know Your Customer services to the financial industry has stopped operating."KYCOS Limited has announced today that they will cease local operations here in the Isle of Man, the Channel Islands and the Republic of Ireland effectively 30th June 2005," stated the firm in a press release issued on July 1, 2005.