Contact Information: Contacts: 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: oceanautinc@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 Date of Conference Call to Discuss the Proposed Acquisition of the Nine Dry Bulk Carriers
| Source: Oceanaut
ATHENS, GREECE--(Marketwire - November 2, 2007) - Oceanaut, Inc., (AMEX : OKN ) (AMEX : OKN.U )
(AMEX : OKN.WS ) (the "Company" or "Oceanaut") today announced that members
of its management, along with a representative of the Restis family, will
hold a conference call on Thursday, November 08, 2007 at 10:00 a.m. EST for
its shareholders concerning the proposed acquisition of the nine dry bulk
carriers from companies associated with members of the Restis family,
including four secondhand vessels and five newbuildings, all as more fully
described in the preliminary proxy statement filed on October 24, 2007 with
the Securities and Exchange Commission.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time
using the following numbers: 1866 819 7111 (from the US), 0800 953 0329
(from the UK) or +44 1452 542 301 (from outside the US). Please quote
"Oceanaut."
In case of any problem with the above numbers, please dial 1 866 223 0615
(from the US), 0800 694 1503 (from the UK) or +44 1452 586 513 (from
outside the US). Quote "Oceanaut."
A telephonic replay of the conference call will be available until November
15, 2007 by dialing 1866 247 4222 (from the US), 0800 953 1533 (from the
UK) or +44 1452 550 000 (from outside the US). Access Code: 23271374#
Slides and audio webcast:
There will also be a live slides webcast of the conference call, through
the Oceanaut website (www.oceanautinc.com). The webcast and the slides will
remain archived on the website in the Investor Relations section under
Presentations.
Participants to the webcast should register on the website approximately 10
minutes prior to the start of the webcast.
About Oceanaut, Inc.
Oceanaut, Inc. (AMEX : OKN ) (AMEX : OKN.U ) (AMEX : OKN.WS ) 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, 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.
Additional Information
In connection with the proposed transaction and required shareholder
approval, Oceanaut will file with the SEC a definitive proxy statement that
will be mailed to the shareholders of Oceanaut. Oceanaut's shareholders are
urged to read the proxy statement and other relevant materials when they
become available as they will contain important information about the
transaction and related matters. Shareholders will be able to obtain a copy
of the definitive proxy statement, without charge, by directing a request
to: Oceanaut, Inc., 17th Km National Road Athens-Lamia & Finikos Street,
145 64 Nea Kifisia, Athens, Greece. Once filed, investors and security
holders will be able to obtain free copies of these documents through the
website maintained by the SEC at http://www.sec.gov.
Oceanaut and its officers and directors may be deemed to be participating
in the solicitation of proxies from the Oceanaut shareholders in favor of
the approval of the proposed transaction. Information concerning Oceanaut's
directors and officers is set forth in the publicly filed documents of
Oceanaut. Shareholders may obtain more detailed information regarding the
direct and indirect interests of Oceanaut and its directors and executive
officers in the transaction and related financing by reading the
preliminary and definitive proxy statements regarding the proposed
acquisition, which will be filed with the SEC.