SOURCE: Excel Maritime

May 10, 2006 08:50 ET

Excel Maritime Carriers Announces First Quarter 2006 Results Release Date, Conference Call and Webcast

Earnings Release: Wednesday, May 17, 2006, After 4:00 p.m. EDT Conference Call and Webcast: Thursday, May 18, 2006, at 10:00 a.m. EDT

ATHENS, GREECE -- (MARKET WIRE) -- May 10, 2006 -- Excel Maritime Carriers (NYSE: EXM) announced today that it will release its first quarter 2006 results for the period ended March 31, 2006 after the close of the market in New York on Wednesday, May 17, 2006.

The next day, Thursday, May 18, 2006 at 10:00 a.m. EDT, 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: 1-866-819-7111 (from the US), 0800-953-0329 (from the UK) or +44 (0)1452-542-301 (all other callers). Please quote "Excel Maritime."

In case of any problem with the above numbers, please dial 1-866-869-2352 (from the US), 0800-694-1449 (from the UK) or +44 (0)1452-560-304 (all other callers). Quote "Excel Maritime."

A telephonic replay of the conference call will be available until May 25, 2006 by dialing 1-866-247-4222 (from the US), 0800-953-1533 (from the UK) or +44 1452-550-000 (all other callers). Access Code: 1838801#

Slides and audio webcast:

There will also be a live -- and then archived -- webcast of the conference call, through the internet through the Excel Maritime Carriers website ( Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

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 17 vessels (ten Panamax and seven Handymax vessels) with a total carrying capacity of 1,004,930 dwt. The Company was incorporated in 1988 and its common stock has been listed on the American Stock Exchange (AMEX) since 1998, trading under the symbol EXM. 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

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 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 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.

Contact Information

  • Contact:
    Investor Relations / Financial Media:
    Nicolas Bornozis
    Capital Link, Inc.
    230 Park Avenue -- Suite 1536
    New York, NY 10160, USA
    Tel: (212) 661-7566
    Fax: (212) 661-7526

    Christopher Georgakis
    Chief Executive Officer
    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