Contact Information: Company Contact: Andrew J. Simmons Chief Financial Officer STEALTHGAS INC. 011-30-210-6250-001 E-mail: simmons@stealthgas.com Investor Relations/Media: Nicolas Bornozis Capital Link, Inc. (New York) Tel. 212-661-7566 E-mail: nbornozis@capitallink.com
STEALTHGAS INC. Announces Date for the Release of Third Quarter and Nine Months 2007 Results, Conference Call and Webcast
Earnings Release: Tuesday, November 13, 2007, Before Market Opens; Conference Call and Webcast: Wednesday, November 14, 2007, at 10:00 A.M. EST
| Source: StealthGas Inc.
ATHENS, GREECE--(Marketwire - November 2, 2007) - STEALTHGAS INC. (NASDAQ : GASS ) (the
"Company"), a ship-owning company serving the liquefied petroleum gas (LPG)
sector of the international shipping industry, announced today that it will
release its third quarter and nine months results for the period ended
September 30, 2007 on Tuesday, November 13, 2007 before the opening of the
market in New York.
On the Wednesday, November 14, 2007 at 10:00 A.M. EST, the company's
management will host a conference call to discuss the results and the
company's operations and outlook.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time
using the following numbers: 1866 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 "STEALTHGAS."
In case of any problems with the above numbers, please dial 1866 223 0615
(US Toll Free Dial In), 0800 694 1503 (UK Toll Free Dial In) or +44 (0)
1452 586 513 (Standard International Dial In). Please quote "STEALTHGAS."
A telephonic replay of the conference call will be available until November
21, 2007 by dialing 1866 247 4222 (US Toll Free Dial In), 0800 953 1533 (UK
Toll Free Dial In) or +44 1452 550 000 (Standard International Dial In).
Access Code: 2201616#
Slides and audio webcast:
There will also be a live -- and then archived webcast of the conference
call, through the STEALTHGAS INC. website (www.stealthgas.com).
Participants to the live webcast should register on the website
approximately 10 minutes prior to the start of the webcast.
About STEALTHGAS INC.
Headquartered in Athens, Greece, STEALTHGAS INC. is a ship-owning company
serving the liquefied petroleum gas (LPG) sector of the international
shipping industry. STEALTHGAS INC. currently has a fleet of 36 LPG carriers
with a total capacity of 153,929 cubic meters (cbm). In addition, the
company has agreed to acquire one re-sale newbuilding LPG carrier expected
to be delivered to it in October 2007. It has also entered into agreements
to acquire two additional second-hand LPG carriers with expected delivery
of one in October 2007 and the other in February 2008. Once these
acquisitions are complete, STEALTHGAS INC.'s fleet will be composed of 39
LPG carriers with a total capacity of 171,629 cubic meters (cbm).
STEALTHGAS Inc.'s shares are listed on the NASDAQ Global Select Market and
trade under the symbol "GASS."
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
STEALTHGAS 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, STEALTHGAS 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 STEALTHGAS 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
STEALTHGAS INC. with the US Securities and Exchange Commission.
Visit our website at www.stealthgas.com