TOP Ships Announces Date of First Quarter 2008 Results Release and Conference Call

TOP Ships Announces Date of First Quarter 2008 Results Release and Conference
Call

ATHENS, Greece, June 6 /PRNewswire-FirstCall/ -- TOP Ships Inc.
(Nasdaq: TOPS) announced plans to release its first quarter 2008 results on
Thursday, June 12, 2008, before market opening. That same day, at 11:00 AM ET,
management will host a conference call, which will be broadcast live over the
Internet. Those interested in listening to the live webcast may do so by going
to the Company's website at http://www.topships.org, or by going to
http://www.investorcalendar.com.
The telephonic replay of the conference call will be available by dialing
1-877-660-6853 (from the US and Canada) or +1-201-612-7415 (from outside the
US and Canada) and by entering account number 286 and conference ID number
286450. An online archive will also be available immediately following the
call at the sites noted above. Both are available for one week, through
June 19, 2008.
About TOP Ships Inc.
TOP Ships Inc., formerly known as TOP Tankers Inc., is an international
provider of worldwide seaborne crude oil and petroleum products and of drybulk
transportation services. The Company operates a combined tanker and drybulk
fleet as follows:
-- a fleet of 17 tankers, consisting of 9 double-hull Suezmax tankers and
8 double-hull Handymax tankers, with a total carrying capacity of
approximately 1.7 million dwt, of which 83% are sister ships. Twelve of
the Company's 17 tankers are on time charter contracts with an average
initial term of over two years with all but three of the time charters
including profit sharing agreements above their base rates. In
addition, the Company has ordered six newbuilding product tankers,
which are expected to be delivered in the first half of 2009.

-- a fleet of five drybulk vessels. Four of the Company's five drybulk
vessels have period charter contracts for an average period of 20
months.

Forward Looking Statement
Certain statements and information included in this release constitute
"forward-looking statements" within the meaning of the Federal Private
Securities Litigation Reform Act of 1995. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for forward-looking
statements in order to encourage companies to provide prospective information
about their business. 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 Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The
words "believe," "anticipate," "intends," "estimate," "forecast," "project,"
"plan," "potential," "will," "may," "should," "expect," "pending" and similar
expressions identify forward-looking statements. The forward-looking
statements in this press release are based upon various assumptions, many of
which are based, in turn, upon further assumptions, including without
limitation, our management's examination of historical operating trends, data
contained in our records and other data available from third parties. Although
we believe 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, we cannot assure you that we will achieve or accomplish these
expectations, beliefs or projections.
In addition to these important factors, other important factors that, in
our view, could cause actual results to differ materially from those discussed
in the forward-looking statements include possible shareholder objections to
the settlement of the class action, possible shareholder opt outs from the
settlement, possible disapproval of the Court of the settlement, possible
shareholder class appeals of the settlement and adverse outcomes on appeal,
general market conditions, including fluctuations in charter rates and vessel
values, changes in the demand for our vessels, potential liability from
pending or future litigation, general domestic and international political
conditions, and other factors. Please see our filings with the Securities and
Exchange Commission for a more complete discussion of these and other risks
and uncertainties.
Contact: Michael Mason (investors) Stamatis Tsantanis, CFO
Allen & Caron Inc TOP Ships Inc.
212 691 8087 011 30 210 812 8199
michaelm@allencaron.com snt@topships.org

SOURCE TOP Ships Inc.

investors, Michael Mason of Allen & Caron Inc, +1-212-691-8087,
michaelm@allencaron.com, for TOP Ships Inc.; or Stamatis Tsantanis, CFO of TOP
Ships Inc., 011 30 210 812 8199, snt@topships.org