Contact Information: Company Contact: Paul J. Cornell Chief Financial Officer Tel. 713-751-7525 E-mail: pcornell@quintanamaritime.com Investor Relations / Financial Media: Paul Lampoutis Capital Link, Inc, New York Tel. 212.661.7566 E-mail: plampoutis@capitallink.com
Quintana Maritime Limited Announces Date for the Release of First Quarter 2007 Results, Dividend Declaration, Conference Call and Webcast
Earnings Release: Monday, May 7th, 2007, Before Market Opens
Conference Call and Webcast: Monday, May 7th, 2007, at 10:00 am EDT
| Source: Quintana Maritime Limited
ATHENS, GREECE -- (MARKET WIRE) -- April 26, 2007 -- Quintana Maritime Limited (NASDAQ : QMAR )
announced today that it will release its results for the first quarter
ended March 31, 2007 before the open of the market on Monday, May 7th,
2007.
The declaration of the Company's dividend for the first quarter of 2007
will also be announced at that time.
On Monday, May 7, 2007 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 (US Toll Free Dial In), 0800
953 0329 (UK Toll Free Dial In) or +44 (0)1452 542 301 (Standard
International Dial In). Please quote "Quintana."
In case of any problems with the above numbers, please dial 1 866 223 0615
(US Toll Free Dial In), 0800 694 1503 (UK Toll Free Dial In) or +44 (0)1452
586 513 (Standard International Dial In). Quote "Quintana."
A telephonic replay of the conference call will be available until May
14th, 2007 by dialing 1 866 247 4222 (US Toll Free Dial In), 0800 953 1533
(UK Toll Free Dial In) or +44 (0)1452 550 000 (Standard International Dial
In). Access Code: 1859591#
Slides and audio webcast:
There will also be a live, and then archived, webcast of the conference
call, available through Quintana Maritime's website
(www.quintanamaritime.com). Participants for the live webcast should
register on the website approximately 10 minutes prior to the start of the
webcast.
ABOUT QUINTANA MARITIME LIMITED
Quintana Maritime Limited, based in Greece, is an international provider of
dry bulk cargo marine transportation services. As of today, the company
owns and operates a fleet of 29 vessels, including 14 Kamsarmax bulkers, 11
Panamax size vessels and 4 Capesize vessels with a total carrying capacity
of 2,473,881 dwt and an average age of 4.0 years on a dwt weighted average.
In addition, Quintana is a 42.8% owner in a joint venture that has recently
ordered a Capesize newbuilding of an aggregate capacity of 180,000 dwt with
expected delivery ex-yard in March 2010. In addition, Quintana will hold a
50% interest in two joint ventures that will own two Capesize newbuildings
of an aggregate capacity of 362,000 dwt with expected delivery ex-yard in
fourth quarter 2010. In addition, Quintana has recently entered into an
agreement to acquire an additional newbuild Capesize vessel with 180,000
dwt cargo capacity with expected delivery ex-yard in fourth quarter 2008.
Once all acquisitions and newbuild orders are completed and assuming no
vessel disposals, Quintana will have a fleet of 33 dry bulk vessels,
including 8 Capesize vessels, 11 Panamax vessels and 14 Kamsarmax vessels,
with a total capacity of 3,366,043 dwt. The deadweight average age of the
whole fleet, including the Capesize vessels on order, currently is 2.5
years.
Forward-Looking Statements
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.
Such statements include comments regarding expected revenues and time
charters. 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.