Contact Information: Contact: Visit our website www.euroseas.gr Company Contact Tasos Aslidis Chief Financial Officer Euroseas Ltd. 11 Canterbury Lane, Watchung, NJ 07069 Tel. (908) 301-9091 E-mail: aha@euroseas.gr Investor Relations / Financial Media Nicolas Bornozis President Capital Link, Inc. 230 Park Avenue, Suite 1536 New York, NY 10169 Tel. (212) 661-7566 E-mail: nbornozis@capitallink.com
Euroseas Ltd. Sets Date for the Release of Second Quarter 2009 Results, Conference Call and Webcast
| Source: Euroseas
MAROUSSI, ATHENS, GREECE--(Marketwire - August 5, 2009) - Euroseas Ltd. (NASDAQ : ESEA ),
owner and operator of drybulk carriers and container vessels and provider
of seaborne transportation for drybulk and containerized cargoes, announced
today that it will release its second quarter and six month results for the
period ended June 30, 2009, on Tuesday, August 11, 2009, after the market
closes in New York.
The following day, Wednesday, August 12, 2009, at 10:00 am EDT, the
Company's management will host a conference call and webcast to discuss the
results.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time
using the following numbers: 1 (866) 819-7111 (from the US), 0(800)
953-0329 (from the UK) or +(44) (0) 1452 542 301 (from outside the US).
Please quote "Euroseas."
A replay of the conference call will be available until August 19, 2009.
The United States replay number is 1(866) 247-4222; from the UK 0(800)
953-1533; the standard international replay number is (+44) (0) 1452 550
000 and the access code required for the replay is: 6973591#.
Audio Webcast -- Slides Presentation:
There will be a live and then archived audio webcast of the conference
call, via the internet through the Euroseas website (www.euroseas.gr).
Participants to the live webcast should register on the website
approximately 10 minutes prior to the start of the webcast.
The slide presentation on the second quarter results for the period ended
June 30, 2009 will also be available in PDF format 30 minutes prior to the
conference call and webcast accessible on the company's website
(www.euroseas.gr) on the webcast page. Participants to the webcast can
download the PDF presentation.
About Euroseas Ltd.
Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of
the Marshall Islands to consolidate the ship owning interests of the Pittas
family of Athens, Greece, which has been in the shipping business over the
past 136 years. Euroseas trades on the NASDAQ Global Market under the
ticker ESEA.
Euroseas operates in the dry cargo, drybulk and container shipping markets.
Euroseas' operations are managed by Eurobulk Ltd., an ISO 9001:2000
certified affiliated ship management company, which is responsible for the
day-to-day commercial and technical management and operations of the
vessels. Euroseas employs its vessels on spot and period charters and
through pool arrangements.
The Company has a fleet of 17 vessels, including 4 Panamax drybulk
carriers, 1 Handymax drybulk carrier, 1 Handysize drybulk carrier, 3
Intermediate container ships, 5 Handysize container ships, 2 Feeder
container ships and a multipurpose dry cargo vessel. Euroseas' 6 drybulk
carriers have a total cargo capacity of 370,499 dwt, its 10 container ships
have a cargo capacity of 17,787 teu and its 1 multipurpose vessel has a
cargo capacity of 22,568 dwt or 950 teu.
Forward-Looking Statement
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 the Company's 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. Although the Company
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 that are inherently
subject to significant uncertainties and contingencies, many of which are
beyond the control of the Company. 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 the Company operates; risks associated with
operations outside the United States; and other factors listed from time to
time in the Company's filings with the Securities and Exchange Commission.
The Company 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 the Company's expectations with
respect thereto or any change in events, conditions or circumstances on
which any statement is based.