Contact Information: Contacts Public & Investor Relations Contact: Navios Maritime Partners L.P. Nicolas Bornozis Capital Link, Inc. Tel. (212) 661-7566 E-mail: naviospartners@capitallink.com
Navios Maritime Partners L.P. Announces Appointment of Mr. Serafeim Kriembardis to Board of Directors
| Source: Navios Maritime Partners L.P.
PIRAEUS, GREECE--(Marketwire - December 10, 2009) - Navios Maritime Partners L.P. ("Navios
Partners") (NYSE : NMM ) announced today the appointment of Serafeim
Kriembardis to its Board of Directors.
Mr. Serafeim Kriembardis previously served as the Head of Shipping of
Piraeus Bank and Emporiki Bank of Greece. Mr. Kriembardis is an accountant
by training and holds a Bachelor's degree in Economics from the Athens
University of Economics and Business and a Master's degree in management
from the McGill University of Canada.
"We are delighted Mr. Kriembardis has joined our board and believe that his
expertise and counsel will be significant assets as we continue to grow the
company," said Ms. Angeliki Frangou, Chairman and CEO of Navios Maritime
Partners L.P.
Mr. Serafeim Kriembardis fills the seat made vacant by the resignation of
Mr. Leonidas Korres. Mr. Korres had been a director of Navios Partners
since October 2007. Ms. Frangou commented, "Mr. Korres played an important
role in the success of Navios Partners and we thank him for his years of
good service."
ABOUT NAVIOS MARITIME PARTNERS L.P.
Navios Maritime Partners L.P. (NYSE : NMM ), a publicly traded master limited
partnership formed by Navios Maritime Holdings Inc. (NYSE : NM ) is an owner
and operator of dry cargo vessels.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and Navios Partners' growth strategy and measures to implement such
strategy; including expected vessel acquisitions and entering into further
time charters. Words such as "expects," "intends," "plans," "believes,"
"anticipates," "hopes," "estimates," and variations of such words and
similar expressions are intended to identify forward-looking statements.
Such statements include comments regarding expected revenue and time
charters. Although Navios Partners believes that the expectations reflected
in such forward-looking statements are reasonable, no assurance can be
given that such expectations will prove to have been correct. These
statements involve known and unknown risks and are based upon a number of
assumptions and estimates which are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control of
Navios Partners. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that could cause
actual results to differ materially include, but are not limited to changes
in the demand for dry bulk vessels, competitive factors in the market in
which Navios Partners operates; risks associated with operations outside
the United States; and other factors listed from time to time in the Navios
Partners' filings with the Securities and Exchange Commission. Navios
Partners expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in Navios Partners' expectations
with respect thereto or any change in events, conditions or circumstances
on which any statement is based.