SOURCE: NASDAQ

March 16, 2006 12:00 ET

FreeSeas Inc. [FREE] Co-CEOs to Ring The NASDAQ Stock Market Closing Bell

Company Celebrates Initial Public Offering

-- (MARKET WIRE) -- March 16, 2006 --


What:

Mr. George Gourdomichalis, Chairman and President, Ion Varouxakis, CEO and Secretary and Mr. Stathis Gourdomichalis, CFO and Treasurer of FreeSeas Inc. (NASDAQ: FREE) will preside over the closing bell to celebrate its initial public offering.

Where:

NASDAQ MarketSite -- 4 Times Square -- 43rd & Broadway -- Broadcast Studio

When:

Friday, March 17th, 2006 at 4:00 p.m. EST

Feed Information:

The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About:

FreeSeas Inc. is a Marshall Islands corporation with principal offices in Piraeus, Greece. FreeSeas is engaged in the transportation of dry bulk cargos through the ownership and operation of drybulk vessels. Currently, it has a fleet of three Handysize vessels. FreeSeas' common stock and warrants trade on the Nasdaq Stock Market under the symbols (NASDAQ: FREE), (NASDAQ: FREEW) and (NASDAQ: FREEZ) respectively. Risks and uncertainties are described in reports filed by FreeSeas Inc. with the US Securities and Exchange Commission, which can be obtained free of charge on the SEC's website at www.sec.gov. For more information about FreeSeas Inc. please go to our corporate website www.freeseas.gr.

Contact Information

  • Contacts:
    Stathis D. Gourdomichalis
    Chief Financial Officer
    185 38 Piraeus, Greece
    Tel: 011-30-210-45-28-770
    E-Mail: Email Contact
    Email Contact

    Investor Relations / Financial Media:
    Nicolas Bornozis
    President
    Capital Link, Inc.
    Tel: (212) 661-7566
    E-Mail: Email Contact

    NASDAQ MarketSite:
    Stephanie Lowenthal
    646.441.5220