TBS International plc Announces Dates for the Release of the First Quarter Results, Conference Call and Webcast
06 Maggio 2011 - 11:16PM
Marketwired
TBS International plc (NASDAQ: TBSI) announced today that it will
release its results for the first quarter ended March 31, 2011 on
Monday, May 9, 2011.
On Wednesday, May 11, 2011 at 8:00 a.m. EDT, 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: 1-888-680-0878 (from the US) or
1-617-213-4855 (International Dial In). Participant Passcode:
28722627. Participants may pre-register for the call at
https://www.theconferencingservice.com/prereg/key.process?key=PXY4E9QAM.
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.
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.
Replay A telephonic replay of the
conference call will be available from 11:00 a.m. EDT on Wednesday,
May 11, 2011 until Wednesday, May 18, 2011 by dialing
1-888-286-8010 (from the US) or 1-617-801-6888 (International Dial
In). Access Code: 85763053. A replay of the webcast will be
available soon after the completion of the call.
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:
- the effects of severe and rapid declines in industry conditions
that have required the Company to restructure its outstanding
indebtedness;
- the Company's ability to maintain financial ratios and comply
with the financial covenants in its credit facilities;
- the Company's ability to effectively operate its business and
manage its growth while complying with operating covenants in its
credit facilities;
- the Company's ability to generate the significant amounts of
cash necessary to service its debt obligations;
- very high volatility in the Company's revenues and costs,
including volatility caused by increasing oil prices;
- excess supplies of dry bulk vessels in all classes and
resulting heavy pressure on freight rates;
- adverse weather conditions that may significantly decrease the
volume of many dry bulk cargoes;
- the stability and continued growth of the Asian and Latin
American economies and rising inflation in China;
- the Company's vessels exceeding their economic useful life and
the risks associated with operating older vessels;
- the Company's ability to grow its vessel fleet and effectively
manage its growth;
- impairments of the Company's long lived assets or
goodwill;
- compliance with environmental laws and regulations and the
implementation of new environmental laws and regulations; and
- other factors that are described in the "Risk Factors" sections
of the Company's reports filed with the Securities and Exchange
Commission;
About TBS International plc: TBS provides
worldwide shipping solutions to a diverse client base of industrial
shippers through its Five Star Service: ocean transportation,
projects, operations, port services, and strategic planning. The
TBS shipping network operates liner, parcel and dry bulk services,
supported by a fleet of multipurpose tweendeckers and handysize/
handymax bulk carriers, including specialized heavy-lift vessels
and newbuild tonnage. TBS has developed its franchise 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: Ferdinand V. Lepere Senior
Executive Vice President and Chief Financial Officer TBS
International plc 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
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