Contact Information: Contacts: Christopher Thomas Chief Financial Officer Paragon Shipping Inc. 15 Karamanli Ave. GR 166 73 Voula, Greece Tel: +30 (210) 8914 600 Investor Relations / Media Capital Link, Inc. Paul Lampoutis 230 Park Avenue Suite 1536 New York, NY 10169 Tel. (212) 661-7566 E-mail: paragon@capitallink.com
Paragon Shipping Inc. Announces Date for the Release of Fourth Quarter and Full Year 2009 Results, Conference Call and Webcast
Earnings Release: Monday, February 22, 2010, After Market Close; Conference Call and Webcast: Tuesday, February 23, 2010, at 10:00 a.m. EST
| Source: Paragon Shipping Inc.
ATHENS, GREECE--(Marketwire - February 9, 2010) - Paragon Shipping Inc. (NASDAQ : PRGN ), a
global shipping transportation company specializing in drybulk cargoes,
announced today that it will release its results for the fourth quarter and
full year ending December 31, 2009, after the market closes in New York on
Monday, February 22, 2010. Paragon's management team will host a conference
call to discuss the Company's financial results on Tuesday, February 23,
2010, at 10:00 a.m. Eastern Standard Time (EST).
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 "Paragon"
A replay of the conference call will be available until March 2, 2010. 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: 55939564#
Slides and audio webcast:
There will also be a simultaneous live webcast over the Internet, through
the Paragon Shipping website (www.paragonship.com). Participants to the
live webcast should register on the website approximately 10 minutes prior
to the start of the webcast.
About Paragon Shipping Inc.
Paragon Shipping Inc. is an Athens, Greece-based international shipping
company specializing in the transportation of drybulk cargoes. The
Company's current fleet consists of eleven vessels with a total carrying
capacity of 719,273 dwt.
Cautionary Statement Regarding Forward-Looking Statement
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides
safe harbor protections for forward-looking statements in order to
encourage companies to provide prospective information about their
business. Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of
historical facts.
The Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The
words "believe," "anticipate," "intends," "estimate," "forecast,"
"project," "plan," "potential," "may," "should," "expect," "pending" and
similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available
from third parties. Although we believe that these assumptions were
reasonable when made, because these assumptions are inherently subject to
significant uncertainties and contingencies which are difficult or
impossible to predict and are beyond our control, we cannot assure you that
we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in
our view, could cause actual results to differ materially from those
discussed in the forward-looking statements include the strength of world
economies and currencies, general market conditions, including fluctuations
in charter rates and vessel values, changes in demand for drybulk shipping
capacity, changes in our operating expenses, including bunker prices,
drydocking and insurance costs, the market for our vessels, availability of
financing and refinancing, charter counterparty performance, ability to
obtain financing and comply with covenants in such financing arrangements,
changes in governmental rules and regulations or actions taken by
regulatory authorities, potential liability from pending or future
litigation, general domestic and international political conditions,
potential disruption of shipping routes due to accidents or political
events, vessels breakdowns and instances of off-hires and other factors.
Please see our filings with the Securities and Exchange Commission for a
more complete discussion of these and other risks and uncertainties.