SOURCE: Capital Link Shipping

July 17, 2008 08:15 ET

Douglas Mavrinac of Jefferies Interview With Barry Parker on DryShips

Available as of 8:30 a.m. EDT on Thursday, July 17, 2008; Access Through Audio Webcast at www.CapitalLinkShipping.com

NEW YORK, NY--(Marketwire - July 17, 2008) - Barry Parker of Bdp1 Consulting interviews Douglas Mavrinac, Senior Equity Research Analyst and Maritime Group Head of Jefferies & Company on the development and prospects of DryShips, Inc. (NASDAQ: DRYS).

The interview is available as of 8:30 a.m. EDT today as an audio webcast on www.CapitalLinkShipping.com where it will remain archived under "Interviews."

In a recent note on DryShips, Douglas Mavrinac expresses the opinion that DryShips shares are attractively valued with DryShips' underlying dry bulk shipping business currently valued at essentially less than 1.0 times 2009 EPS and 2009 CFPS based on the upcoming UDW spin-off value of approximately $67 per share.

The interview focuses on the valuation of the UDW business unit, as well as on the fundamentals and outlook of the Ultra Deep Water Drilling and the Dry Bulk Shipping sectors. Also, on DryShips' positioning in these two sectors and on the company's valuation and prospects.

Anyone interested can request a transcript at no cost through the event page at www.CapitalLinkShipping.com. The transcript will be available in about 24 hours after the interview.

ABOUT www.CapitalLinkShipping.com:

Capital Link Shipping is a web based resource whose objective is to facilitate investor knowledge and understanding of shipping and its listed companies, and to facilitate the exchange of information among listed companies, industry participants and investors. The site provides information on the major shipping and stock market indices, as well as on all shipping stocks. It also features industry reports from major industry participants and interviews with CEOs, analysts and other market participants.

The information on the website is not an offer to buy or sell any kind of securities nor does it constitute investment advice of any kind. Capital Link does not represent or warrant the accuracy of the information in this site. The user of the site acknowledges that he/she accesses the information at his/her own risk and cannot hold Capital Link liable for any matter in any way and will use the website in accordance with the Terms and Conditions specified on the website.

The website is operated by Capital Link, a New York based Investor Relations and Financial Communications firm with a strategic focus on shipping. Capital Link provides Investor Relations and Financial Communications services to several listed shipping companies including DryShips.

Contact Information