HAMILTON, BERMUDA, Nov 06 (MARKET WIRE) --
TBS International Limited (NASDAQ: TBSI) announced today that it will
release its results for the third quarter ended September 30, 2009 before
the market opens in New York on Monday, November 9, 2009.
The next day, Tuesday, November 10, 2009 at 10:00 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: 1-888-713-4213 (from the US) or
1-617-213-4865 (International Dial In). Participant Passcode: 15507133.
Participants may pre-register for the call at
https://www.theconferencingservice.com/prereg/key.process?key=PBCT9PARM.
Pre-registrants will be issued a PIN number to use when dialing into the
live call which will provide quick access to the conference by bypassing
the operator upon connection.
Replay:
A telephonic replay of the conference call will be available from 1:00
p.m. EST on Tuesday, November 10, 2009 until Tuesday, November 17, 2009 by
dialing 1-888-286-8010 (from the US) or 1-617-801-6888 (International Dial
In). Access Code: 58940943. A replay of the webcast will be available soon
after the completion of the call.
Webcast:
There will also be a live -- and then archived -- slides and audio webcast
of the conference call on the company's website www.tbsship.com, which can
be accessed by clicking on the webcast link. As soon as practicable, the
webcast and the corresponding slides will be archived and will also be
accessible on our website.
Forward-Looking Statements "Safe Harbor" Statement under the Private
Securities Litigation Reform Act of 1995
This press release contains forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are based on management's
current expectations and observations.
Included among the factors that, in the company's view, could cause actual
results to differ materially from the forward-looking statements
contained in this press release are the
following:
-- changes in demand for the company's services, which are increasingly
difficult to predict due to the current economic downturn and the
widespread reduction of business activity generally;
-- a decline in rates in the shipping market will continue for a
prolonged period;
-- the effect of a decline in vessel valuations;
-- the company's ability to maintain financial ratios and satisfy
financial covenants in its credit facilities;
-- changes in rules and regulations applicable to the shipping industry,
including, without limitation, legislation adopted by international
organizations such as the International Maritime Organization and the
European Union or by individual countries;
-- actions taken by regulatory authorities;
-- changes in trading patterns significantly impacting overall vessel
tonnage requirements;
-- changes in the typical seasonal variations in charter rates;
-- increases in costs, including changes in production of or demand for
oil and petroleum products, crew wages, insurance, provisions, repairs and
maintenance, generally or in particular regions;
-- the risk that financial counterparties will default;
-- changes in general domestic and international political conditions;
-- changes in the condition of the company's vessels or applicable
maintenance or regulatory standards, which may affect, among other things,
its anticipated drydocking or maintenance and repair costs;
-- increases in the cost of the company's drydocking program or delays in
its anticipated drydocking schedule;
-- China Communications Construction Company Ltd./Nantong Yahua
Shipbuilding Group Co., Ltd.'s ability to complete and deliver the vessels
on the anticipated schedule and the ability of the parties to satisfy the
conditions in the shipbuilding agreements; and
-- other factors listed from time to time in the company's filings with
the Securities and Exchange Commission, including, without limitation, its
Annual Report on Form 10-K for the period ended December 31, 2008 and its
subsequent reports on Form 10-Q and Form 8-K.
About TBS International Limited
TBS is a fully-integrated transportation service company that offers
customers the TBS Five Star Service consisting of: ocean transportation,
operations, logistics, port services, and strategic planning. TBS offers
liner, parcel and bulk services, supported by a fleet of multipurpose
tweendeckers and handysize and handymax bulk carriers, including
specialized heavy-lift vessels and newbuild tonnage. TBS has developed its
business around key trade routes between Latin America and China, Japan
and South Korea, as well as select ports in North America, Africa, the
Caribbean and the Middle East.
Visit our website at www.tbsship.com
For more information, please contact:
Company Contact:
Ferdinand V. Lepere
Executive Vice President and Chief Financial Officer
TBS International Limited
Tel. 914-961-1000
InvestorRequest@tbsship.com
Investor Relations / Media:
Nicolas Bornozis
Capital Link, Inc. New York
Tel. 212-661-7566
E-mail: tbs@capitallink.com
Copyright 2009, Market Wire, All rights reserved.
-0-
