Contact Information: Contact: Investor Relations / Media: Nicolas Bornozis Capital Link, Inc., New York Tel. 212-661-7566 E-mail: oceanfreight@capitallink.com
OceanFreight Inc. Announces Date for the Release of Fourth Quarter and Year-End 2007 Results, Dividend Declaration, Conference Call and Webcast
Earnings Release: Tuesday, February 12, 2008, After Market Close
Conference Call: Wednesday, February 13, 2008, at 8:30 A.M. EST
| Source: OceanFreight Inc.
ATHENS, GREECE--(Marketwire - February 6, 2008) - OceanFreight Inc., (NASDAQ : OCNF ), a global
provider of seaborne transportation services announced today that it will
release its results for the fourth quarter and year ended December 31, 2007
after the close of the market in New York on Tuesday, February 12, 2008.
The declaration of the Company's dividend for the fourth quarter of 2007
will also be announced at that time.
On Wednesday, February 13, 2008 at 8:30 A.M. EST, 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 "OceanFreight"
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 "OceanFreight"
A telephonic replay of the conference call will be available until February
20, 2008 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: 7445162#
Slides and Audio webcast:
There will also be a live, and then archived, webcast of the conference
call, available through OceanFreight's website (www.oceanfreightinc.com).
Participants for the live webcast should register on the website
approximately 10 minutes prior to the start of the webcast.
OceanFreight, Inc. is a global provider of seaborne transportation services
through the ownership and operation of vessels in various shipping sectors.
The Company owns a fleet of 11 vessels, consisting of 1 Capesize bulk
carrier, 8 Panamax bulk carriers, 1 Suezmax and 1 Aframax tanker with a
total carrying capacity of approximately 1 million deadweight tons.
The Company's shares are listed on the NASDAQ Global Select Market and
trade under the symbol "OCNF."
Visit our website at www.oceanfreightinc.com
Forward Looking Statements
Matters discussed in this release may constitute forward looking
statements. Forward looking statements reflect our current views with
respect to future events and financial performance and may include
statements concerning plans, objectives, goals, strategies, future events
or performance, and underlying assumptions and other statements, which are
other than statements of historical facts.
The forward looking statements in this release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management's examination of historical
operating trends, data contained in our records and other data available
from third parties. Although OceanFreight Inc. believes that these
assumptions were reasonable when made, because these assumptions are
inherently subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond our control, OceanFreight
Inc. cannot assure you that it will achieve or accomplish these
expectations, beliefs or projections.
Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include
the strength of world economies and currencies, general market conditions,
including changes in charter rates and vessel values, failure of a seller
to deliver one or more vessels to us or delay in taking delivery of one or
more vessels, default by one or more charterers of our vessels, changes in
demand that may affect attitudes of time charterers, scheduled and
unscheduled drydocking, changes in OceanFreight Inc.'s operating expenses,
length and number of off-hire periods and dependence on third-party
managers, dry-docking and insurance costs, changes in governmental rules
and regulations or actions taken by regulatory authorities, potential
liability from pending or future litigation, domestic and international
political conditions, potential disruption of shipping routes due to
accidents, international hostilities and political events or acts by
terrorists.
Risks and uncertainties are further discussed in documents filed by
OceanFreight Inc. with the U.S. Securities and Exchange Commission.