SOURCE: Seanergy Maritime

October 20, 2008 09:27 ET

Seanergy Announces Appointment of New Chief Financial Officer

ATHENS, GREECE--(Marketwire - October 20, 2008) - Seanergy Maritime Corp. (the "Company") (NASDAQ: SHIP) announced today that Mr. Alexis Komninos, the current Chief Financial Officer of the Company, will resign to concentrate on his other business activities. Upon the resignation of Alexis, the Company is pleased to announce that Ms. Christina Anagnostara will be appointed as the new Chief Financial Officer of the Company. Alexis will remain as a Director of the Company and will assist in an advisory capacity. This transition is expected to take place in November 2008.

About Christina Anagnostara: Christina Anagnostara has served as Chief Financial Officer and Board member in Global Oceanic Carriers Ltd (GO Carriers), a dry bulk shipping company listed on AIM of the London Stock Exchange, since February 2007. She has over 14 years of experience in consulting, auditing and financial services. In the last 8 years, prior to joining GO Carriers, she has held a senior management position in EFG Audit & Consulting services, the auditors of the Geneva based EFG Group. During her career, Christina has been involved in a number of business and process audits and consulting assignments, due diligence, special reviews and investigations. Prior to EFG Group, she worked for 2 years in the internal audit group of Eurobank EFG, a bank with a leading position in Greece; and 3 years as a senior auditor in Ernst & Young, the international auditing firm. Christina studied Economics in Greece and is a Certified Chartered Accountant since 2002.

Dale Ploughman, the Company's Chief Executive Officer, stated: "We would like to welcome Christina as our new Chief Financial Officer. We believe that with her extensive background in finance coupled with her experience as Chief Financial Officer of another publicly listed shipping company will greatly benefit Seanergy as we continue to grow our Company. We would also like to thank Alexis Komninos for his services to our Company as CFO and Director and record our appreciation for his contribution during his tenure as CFO of Seanergy. His knowledge and experience with initial public offerings, the securities markets and investment management, have been instrumental in helping establish Seanergy and through to the successful conclusion of the business combination. We are also pleased that he will remain on the Board of Directors of our Company thereby enabling us to continue benefiting from his advice and expertise."

About Seanergy Maritime Corp.

Seanergy Maritime is a Marshall Islands corporation with its principal offices in Athens, Greece. Seanergy purchased and took delivery of six dry bulk carriers from companies associated with members of the Restis family pursuant to the Master Agreement dated May 20, 2008. Its current fleet is comprised of two Panamax, two Supramax and two Handysize dry bulk carriers with a combined cargo-carrying capacity of 317,743 dwt and an average fleet age of approximately 10.5 years.

Seanergy's common stock and warrants trade on the NASDAQ Global Market under the symbols SHIP and SHIPW respectively. Prior to October 15, 2008, Seanergy's common stock, warrants and units traded on the NYSE Alternext US LLC (formally known as AMEX) under the symbols SRG, SRG.W and SRG.U respectively.

Risks and uncertainties are described in reports filed by Seanergy Maritime Corp. with the U.S. Securities Exchange Commission, which can be obtained free of charge on the SEC's website www.sec.gov.

For further information please visit our website at www.seanergymaritime.com.

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. 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, the scope and timing of SEC and other regulatory agency review, 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

  • For further information please contact:

    Seanergy Maritime Corp.
    Alexis Komninos
    Chief Financial Officer
    Tel: 30 210 3726200
    E-mail: Kalexis@Komninos.gr

    Investor Relations / Media:
    Capital Link, Inc.
    Paul Lampoutis
    230 Park Avenue Suite 1536
    New York, NY 10169
    Tel. (212) 661-7566
    E-mail: seanergy@capitallink.com