Contact Information: Contact: Investor Relations/Financial Media: Capital Link, Inc. Nicolas Bornozis President 230 Park Avenue Suite 1536 New York, NY 10169 Tel. (212) 661-7566 E-mail: nbornozis@capitallink.com www.capitallink.com Company: Oceanaut, Inc. Christopher Georgakis President & Chief Executive Officer Oceanaut, Inc. 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@oceanautinc.com www.oceanautinc.com
Oceanaut, Inc. Announces Separate Trading of Common Stock and Warrants
| Source: Oceanaut, Inc.
ATHENS, GREECE -- (MARKET WIRE) -- April 4, 2007 -- Oceanaut Inc., (AMEX : OKN.U ) (the "Company")
today announced that it has been notified by Citigroup Global Markets Inc.,
the sole book-running manager for its initial public offering which was
consummated on March 1, 2007, that, commencing today, the holders of the
Company's units may separately trade the common stock and warrants included
in such units. The symbols for the common stock, warrants and units are
OKN, OKN.WS and OKN.U, respectively.
About Oceanaut, Inc.
Oceanaut, Inc. (AMEX : OKN.U ) is a blank check company formed for the
purpose of acquiring, through a merger, capital stock exchange, asset
acquisition, stock purchase or other similar business combination, vessels
or one or more operating businesses in the shipping industry.
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.
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.