Contact Information: Contact: Visit our website www.euroseas.gr Company Contact Tasos Aslidis Chief Financial Officer Euroseas Ltd. 2693 Fair View Drive Mountainside, NJ 07092 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 Announces First Quarter 2007 Results Release Date, Conference Call and Webcast
| Source: Euroseas
ATHENS, GREECE -- (MARKET WIRE) -- May 23, 2007 -- Euroseas Ltd. (NASDAQ : ESEA ), an owner and
operator of drybulk carriers, container ship and multipurpose vessels and
provider of seaborne transportation for dry bulk and containerized cargoes,
announced today it will release its first quarter results for the period
ended March 31, 2007, after the close of the financial markets in New York
on Tuesday, May 29, 2007. On Wednesday, May 30, 2007, at 11:00 a.m. EDT,
Euroseas' management will host a conference call 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), 0800 953 0329
(from the UK) or +44 (0)1452 542 301 (international standard dial in).
Please quote "Euroseas."
In case of any problems with the above numbers, please dial 1 866 223 0615
(from the US), 0800 694 1503 (from the UK) or +44 (0)1452 586 513
(international standard dial in). Quote "Euroseas."
A recording of the conference call will be available until June 8, 2007 by
dialing 1 866 247 4222 (from the US), 0800 953 1533 (from the UK) or +44
(0)1452 550 000 (international standard dial in). Access Code: 6973591#
Audio and slides webcast:
There will be a live and then archived audio and slides webcast of the
conference call available on 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.
A slide presentation of the First Quarter 2007 Results in PDF format will
also be available 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. As of January 31, 2007, Euroseas trades on the NASDAQ
Global Market under the ticker ESEA (previously it traded on the Over The
Counter Bulletin Board under the ticker symbol EUSEF.OB).
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 10 vessels, including 2 Panamax drybulk
carriers, 2 Handysize drybulk carriers, 1 Intermediate container ship, 2
Handysize container ships, 2 Feeder container ships and a multipurpose dry
cargo vessel. Euroseas' 4 drybulk carriers have a total cargo capacity of
212,443 dwt, its 5 container ships have a cargo capacity of 7,487 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.