Euroseas Ltd. Sets Date for the Release of First Quarter 2014 Results,
Conference Call and Webcast
MAROUSSI, ATHENS, GREECE -- (Marketwired) -- 05/14/14 -- 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 it will release its
financial results for the first quarter ended March 31, 2014, on
Tuesday, May 20, 2014, after the market closes in New York. The
following day, Wednesday, May 21, 2014 at 9:30 am ET, the Company's
management will host a conference call and webcast to discuss the
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 May 28, 2014.
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:
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 first quarter ended March 31, 2014,
will also be available in PDF format 10 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 Select Market under the ticker ESEA since
January 31, 2007.
Euroseas operates in the dry cargo, drybulk and container shipping
markets. Euroseas' operations are managed by Eurobulk Ltd., an ISO
9001:2008 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 15 vessels, including 4 Panamax drybulk
carriers and 1 Handymax drybulk carrier, 3 Intermediate
containership, 5 Handysize containerships and 2 Feeder
containerships. Euroseas 5 drybulk carriers have a total cargo
capacity of 338,540 dwt, its 10 containerships have a cargo capacity
of 17,587 teu. Euroseas has entered into agreements for the
construction of two 63,500 dwt Ultramax dry bulk vessels with
expected deliveries during the fourth quarter of 2015 and the first
quarter of 2016, respectively. Euroseas has also entered into
agreements for the construction of two 82,000 dwt Kamsarmax dry bulk
vessels with expected deliveries during the fourth quarter of 2015
and the fourth quarter of 2016, respectively.
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 and container ships, 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
Chief Financial Officer
11 Canterbury Lane,
Watchung, NJ 07069
Tel. (908) 301-9091
Investor Relations / Financial Media
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
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