SOURCE: DryShips Inc.

November 08, 2006 16:41 ET

DryShips Inc. Announces Date for the Release of Third Quarter and Nine Months 2006 Results, Conference Call and Webcast

Earnings Release: November 20, 2006, after 4:00 p.m. EST; Conference Call and Webcast: November 21, 2006, at 9:30 a.m. EST

ATHENS, GREECE -- (MARKET WIRE) -- November 8, 2006 -- DryShips Inc. (NASDAQ: DRYS) announced today that it will release its third quarter and nine months 2006 results after the market closes in New York on Monday, November 20, 2006.

The next day, Tuesday, November 21, 2006, at 9:30 am 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: 1866 819 7111 (from the US), 0800 953 0329 (from the UK) or +44 1452 542 301 (Std International Dial In). Please quote "DryShips."

In case of any problem with the above numbers, please dial 1866 869 2352 (from the US), 0800 694 1449 (from the UK) or +44 1452 560 304 (Std International Dial In). Quote "DryShips."

A telephonic replay of the conference call will be available until November 28, 2006, by dialling 1866 247 4222 (from the US), 0800 953 1533 (from the UK) or +44 1452 550 000 (from outside the US). Access Code: 2133051#

Slides and audio webcast:

Slides will be available on the DryShips Inc. website (www.dryships.com) 30 minutes before the commencement of the conference call.

There will also be a live webcast of the conference call, through the DryShips Inc. website (www.dryships.com). Participants to the webcast should register on the website approximately 10 minutes prior to the start of the webcast.

About DryShips Inc.

DryShips Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide. As of the day of this Release, DryShips owns a fleet of 34 drybulk carriers consisting of 4 Capesize, 27 Panamax and 3 Handymax vessels, with a combined deadweight tonnage of approximately 2.7 million. DryShips maintains its executive offices in Greece. The company has also two Panamax new buildings on order with deliveries scheduled for the end of 2009 and beginning of 2010.

DryShips Inc.'s common stock is listed on NASDAQ National Market where it trades under the symbol "DRYS."

Visit our website at www.dryships.com

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