International Shipping Enterprises, Inc. Extends Closing Date for Acquisition of Navios Maritime Holdings Inc. NEW YORK, May 16 /PRNewswire-FirstCall/ -- International Shipping Enterprises, Inc. ("ISE") (OTC:ISHPU.OBOTC:ISHP.OBOTC:ISHPW.OB) (BULLETIN BOARD: ISHPU.OB, ISHP.OB, ISHPW.OB) announced today that it had sent a notice to the shareholders of privately held Navios Maritime Holdings Inc. extending the date by which a closing must occur of its previously announced definitive stock purchase agreement to June 15, 2005. Public & Investor Relations Contact: International Shipping Enterprises, Inc. Investor Relations 212-279-8820 DATASOURCE: International Shipping Enterprises, Inc. CONTACT: Investor Relations for International Shipping Enterprises, Inc., +1-212-279-8820,

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