SOURCE: Pacific Exchange Inc.

June 01, 2005 18:39 ET

Pacific Exchange to Trade Excel Maritime Carriers Options

SAN FRANCISCO, CA -- (MARKET WIRE) -- June 1, 2005 -- The Pacific Exchange (PCX) announced that on Thursday, June 2, 2005, it will begin trading options on Excel Maritime Carriers Ltd (PCX: EXM).

Excel Maritime options will trade on the March expiration cycle with exercise limits set at 5,000,000 shares. The issue will be traded by lead market makers Steven D. Juno and Ethan Dorr of Cutler Group, LP.

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