Certain statements in this press release are forward-looking
statements within the meaning of the Private Securities
Litigation Act of 1995. These forward-looking statements are
based on our current expectations and beliefs and are subject to
a number of risk factors and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. The Company disclaims any obligation
to publicly update or revise these statements whether as a result
of new information, future events or otherwise, except as
required by law. Such risks and uncertainties include, without
limitation, the strength of world economies and currencies,
general market conditions, including fluctuations in charter
rates and vessel values, changes in demand for dry bulk shipping
capacity, changes in our operating expenses, including bunker
prices, dry-docking and insurance costs, the market for our
vessels, availability of financing and refinancing, charter
counterparty performance, ability to obtain financing and comply
with covenants in such financing arrangements, changes in
governmental rules and regulations or actions taken by regulatory
authorities, potential liability from pending or future
litigation, general domestic and international political
conditions, potential disruption of shipping routes due to
accidents or political events, vessels breakdowns and instances
of off-hires and other factors, as well as other risks that have
been included in filings with the Securities and Exchange
Commission, all of which are available at www.sec.gov.