ATHENS, GREECE--(Marketwire - January 2, 2008) - Seanergy Maritime Corp. (AMEX: SRG) (AMEX: SRG.U) (AMEX: SRG.W) announced today its first quarterly distribution to public shareholders for the period from the consummation of the Company's Initial Public Offering on September 28, 2007, through and including December 31, 2007.

The Company announced that it will pay a distribution, consisting of the interest earned in the Trust Account, subject to certain permitted adjustments, of $1,630,791 in total or $0.0706 per share for such period. This distribution will be paid on January 15, 2008 to public shareholders of record on January 9, 2008.

About Seanergy Maritime Corp.

Seanergy Maritime Corp. is a Business Combination Company™, or BCC™. A BCC™ is a blank check company formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination, an unidentified operating business. The Company intends to focus on identifying one or more businesses or assets in the maritime shipping industry, but will not be limited to pursuing acquisition opportunities only within that industry.

Forward-Looking Statements

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined by the United States Private Securities Litigation Reform Act of 1995. Any such forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations such as material adverse events affecting the Company, the ability of Company to satisfy the conditions to completion of the business combination and those other risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission.

Contact Information: For Further Information please contact: Seanergy Maritime Corp. Panos Zafet CEO and Co-Chairman of the Board 10, Amfitheas Avenue 17564 P. Faliro Athens, Greece Tel: 30 210 9406900 Fax: 30 210 9406933 Alexios Komninos Chief Financial Officer and Treasurer 10, Amfitheas Avenue 17564 P. Faliro Athens Greece Tel: 30 210 3726200 Fax: 30 210 3218847 Investor Relations / Financial Media: Capital Link, Inc. Paul Lampoutis 230 Park Avenue Suite 1536 New York, NY 10169 Tel. (212) 661-7566 E-mail: seanergy@capitallink.com