Contact Information: Company Contact: Michael Gregos Chief Operating Officer Tel: +30-210-809-0514 E-mail: management@oceanfreightinc.com Investor Relations/Media: Nicolas Bornozis Capital Link, Inc. (New York) Tel: +1-212-661-7566 E-mail: nbornozis@capitallink.com
OceanFreight Inc. Announces Date for the Release of Third Quarter 2008 Results, Conference Call and Webcast
| Source: OceanFreight Inc.
ATHENS, GREECE--(Marketwire - November 7, 2008) - OceanFreight Inc. (NASDAQ : OCNF ), a global
provider of seaborne transportation services, today announced that it will
release its results for the third quarter ended September 30th, 2008 after
the close of the market in New York on Tuesday, November 11th, 2008. On
Wednesday, November 12th, 2008 at 10:00 A.M. EST, the Company's 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 (US Toll Free Dial In), 0800
953 0329 (UK Toll Free Dial In) or +44 (0) 1452 542 301 (Standard
International Dial In). Please quote "OceanFreight."
A telephonic replay of the conference call will be available until November
19th, 2008 by dialing 1 866 247 4222 (US Toll Free Dial In), 0800 953 1533
(UK Toll Free Dial In) or +44 (0) 1452 550 000 (Standard International Dial
In). Access Code: 7445162#.
Slides and audio webcast:
There will also be a simultaneous live webcast over the Internet through
the OceanFreight Inc. website (www.oceanfreightinc.com). Participants to
the live webcast should register on the website approximately 10 minutes
prior to the start of the webcast.
About OceanFreight Inc.
OceanFreight Inc. was incorporated in 2006 to acquire high quality
secondhand vessels and deploy them on medium and long term charters. The
Company began operations with the delivery of its first vessel in June 2007
and currently owns and operates a fleet of thirteen vessels, consisting of
one Capesize drybulk carrier, eight Panamax drybulk carriers, one Suezmax
tanker and three Aframax tankers with a total carrying capacity of
1,170,633 dwt.
OceanFreight's Inc. common stock is listed on the NASDAQ Global Market
where it trades under the symbol "OCNF."
Forward-Looking Statement
Matters discussed in this release may constitute forward-looking
statements. Forward-looking statements reflect our current views with
respect to future events and financial performance and may 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 forward-looking statements in this release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management's examination of historical
operating trends, data contained in our records and other data available
from third parties. Although OceanFreight Inc. believes 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, OceanFreight
Inc. cannot assure you that it will achieve or accomplish these
expectations, beliefs or projections.
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 changes in charterhire rates and vessel values, changes in demand
that may affect attitudes of time charterers to scheduled and unscheduled
drydocking, changes in OceanFreight Inc.'s operating expenses, including
bunker prices, dry-docking and insurance costs, or actions taken by
regulatory authorities, potential liability from pending or future
litigation, domestic and international political conditions, potential
disruption of shipping routes due to accidents and political events or acts
by terrorists.
Risks and uncertainties are further described in reports filed by
OceanFreight Inc. with the US Securities and Exchange Commission.
Visit our website at www.oceanfreightinc.com.