STEALTHGAS INC. ANNOUCES DATE FOR THE RELEASE OF SECOND QUARTER 2008 RESULTS, CONFERENCE CALL AND WEBCAST
Earnings Release: Tuesday, August 19, 2008, Before Market Opens
Conference Call and Webcast: Tuesday, August 19, 2008, at 11:00 am EDT
ATHENS, GREECE, August 04, 2008. STEALTHGAS INC. (NASDAQ: GASS) (the âCompanyâ), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its second quarter results for the period ended June 30, 2008 on Tuesday, August 19, 2008 before the opening of the market in New York.
On Tuesday, August 19, 2008 at 11:00 A.M. EDT, the companyâs management will host a conference call to discuss the results and the companyâs operations and outlook.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1877 491 0064 (US Toll Free Dial In) or 0500 101630 (UK Toll Free Dial In). Please quote "4194344".
In case of any problems with the above numbers, please dial +1 334 323 6201 (US Toll Dial In), or +44 (0)20 7162 0025 (Standard International Dial In). Please quote "STEALTHGAS".
A telephonic replay of the conference call will be available until September 19, 2008 by dialing 1888 365 0240 (US Toll Free Dial In), 0800 358 1860 (UK Toll Free Dial In) or +44 (0)20 7031 4064 (Standard International Dial In). Access Code: 4307550#
Slides and audio webcast:
There will also be a live and then archived webcast of the conference call, through the STEALTHGAS INC. website (www.stealthgas.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.
About STEALTHGAS INC.
Headquartered in Athens, Greece, STEALTHGAS INC. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. STEALTHGAS INC. currently has a fleet of 37 LPG carriers with a total capacity of 165,286 cubic meters (cbm) and two M.R. type Product Carriers. The Company has entered into agreements to acquire one additional second-hand LPG carrier with expected delivery in September, 2008: three new resale LPG carriers with expected delivery from October 2008 until June 2009, five new building LPG carriers with expected delivery from September 2010 through December 2011 and one new resale M.R. type Product Carrier with expected delivery in April 2009. Once these acquisitions are completed, STEALTHGAS INC.âs fleet will be composed of 46 LPG carriers with a total capacity of 210,499 cubic meters (cbm) and 3 M.R. type Product Carriers with a total capacity of 141,000 deadweight tons (dwt).. STEALTHGAS Incâs shares are listed on the NASDAQ Global Select Market and trade under the symbol âGASSâ.
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 STEALTHGAS 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, STEALTHGAS 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 charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in STEALTHGAS INC.'s operating expenses, including bunker prices, dry-docking and insurance costs, 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 and political events or acts by terrorists.
Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the US Securities and Exchange Commission.
Visit our website at www.stealthgas.com
Andrew J. Simmons
Chief Financial Officer