MAROUSSI, ATHENS, GREECE -- (Marketwire) -- 09/24/09 -- Euroseas Ltd. (NASDAQ: ESEA), an
owner and operator of drybulk and container carrier vessels and provider of
seaborne transportation for drybulk and containerized cargoes, announced
today that Tasos Aslidis, Chief Financial Officer of Euroseas will be
presenting at the Maxim Group 3rd Annual Growth Conference on Tuesday,
September 29, 2009 at 9:00 am EDT in New York City.
A PDF version of the presentation will be available in the Investor
Relations section of the Euroseas Ltd. website at www.euroseas.gr.
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.
Visit our website www.euroseas.gr
