Contact Information: Investor Relations / Financial Media: Nicolas Bornozis President Capital Link, Inc. 230 Park Avenue - Suite 1536 New York, NY 10160, USA Tel: (212) 661-7566 Fax: (212) 661-7526 E-Mail: nbornozis@capitallink.com www.capitallink.com Company: Lefteris Papatrifon Chief Financial Officer c/o Excel Maritime Carriers Ltd. 17th Km National Road Athens-Lamia & Finikos Street 145 64 Nea Kifisia Athens, Greece Tel: 011-30-210-62-09-520 Fax: 011-30-210-62-09-528 E-Mail: info@excelmaritime.com http://www.excelmaritime.com
Excel Maritime Announces Rescheduled Fourth Quarter and Full Year 2007 Results Release Date
| Source: Excel Maritime
ATHENS, GREECE--(Marketwire - March 5, 2008) - Excel Maritime Carriers Ltd. (NYSE : EXM ), an
owner and operator of dry bulk carriers and a provider of worldwide
seaborne transportation services for dry bulk cargoes, announced today that
on Monday, March 17, 2008, after the close of the market in New York it
will release its results for the fourth quarter and year ended December 31,
2007, rather than the previously announced date of Wednesday, March 12,
2008.
The company's management will not host a conference call.
About Excel Maritime Carriers Ltd.
The Company is an owner and operator of dry bulk carriers and a provider of
worldwide seaborne transportation services for dry bulk cargoes, such as
iron ore, coal and grains, as well as bauxite, fertilizers and steel
products. The company's current fleet consists of 18 vessels (ten Panamax,
two Supramax and six Handymax vessels) with a total carrying capacity of
1,074,022 deadweight tons. The Company was incorporated in 1988 and its
common stock had been listed on the American Stock Exchange (AMEX) since
1998. As of September 15, 2005 Excel Maritime is listed on the New York
Stock Exchange (NYSE), trading under the symbol EXM. For more information
about the Company, please go to our corporate website
www.excelmaritime.com.
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,
the Company's planned acquisition of Quintana 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 which 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 the ability to satisfy the closing conditions of the
acquisition, 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.