TBS International plc Announces Dates for the Release of the Second Quarter 2010 Results, Conference Call and Webcast
News Release
TBS Shipping Services Inc.- New York
August 6, 2010
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<DIV><STRONG>Earnings Release: Friday, August 6, 2010 Before the Market Opens;
Conference Call: Friday, August 6, 2010, at 8:30 a.m. EDT
</SUBHEADLINE></STRONG>
<P>DUBLIN, IRELAND, Aug 04, 2010 (MARKETWIRE via COMTEX) --
<P>TBS International plc (NASDAQ: TBSI) announced today that it will release its
results for the second quarter ended June 30, 2010 before the market opens in
New York on Friday, August 6, 2010. </P>
<P></P>
<P>On the same day, at 8:30 a.m. EDT, the company's management will host a
conference call to discuss the results. </P>
<P>Conference call details: Participants should dial into the call 10 minutes
before the scheduled time using the following numbers: 1-888-713-4216 (from the
US) or 1-617-213-4868 (International Dial In). Participant Passcode: 84822225.
Participants may pre-register for the call at
https://www.theconferencingservice.com/prereg/key.process?key=PYMVNDCHM.
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. </P>
<P>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. </P>
<P>Replay: A telephonic replay of the conference call will be available from
11:30 a.m. EDT on Friday, August 6, 2010 until Friday, August 13, 2010 by
dialing 1-888-286-8010 (from the US) or 1-617-801-6888 (International Dial In).
Access Code: 24376532. A replay of the webcast will be available soon after the
completion of the call. </P>
<P>Forward-Looking Statements "Safe Harbor" Statement under the Private
Securities Litigation Reform Act of 1995 </P>
<P>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. </P>
<P>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: </P><PRE>-- changes in demand for the company's services, which are increasingly
difficult to predict due to economic conditions and uncertainty;
-- the effect of a decline in vessel valuations;
-- the company's ability to maintain financial ratios and satisfy
financial covenants required by its credit facilities, as amended;
-- the company's ability to finance its operations and raise additional
capital on commercially reasonable terms or at all;
-- changes in rules and regulations applicable to the shipping industry,
including 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, which may significantly affect overall
vessel tonnage requirements;
-- changes in the typical seasonal variations in charter rates;
-- volatility 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;
-- default by financial counterparties;
-- a material decline or weakness in shipping rates, which may occur if
the economic recovery is not sustainable;
-- 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, the Company's 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
remaining multipurpose tweendeckers on the anticipated schedule and
the ability of the parties to satisfy the conditions in the
shipbuilding agreements;
-- the possible effects of pending and future legislation in the United
States that may limit or eliminate potential U.S. tax benefits
resulting from the Company's jurisdiction of incorporation;
-- Irish corporate governance and regulatory requirements which could
prove different or more challenging than currently expected; and
-- other factors that are described in the "Risk Factors" sections of
reports filed with the Securities and Exchange Commission.
</PRE>
<P>About TBS International plc TBS is a fully-integrated transportation service
company that provides worldwide shipping solutions to a diverse client base of
industrial shippers. Through the TBS Five Star Service consisting of ocean
transportation, operations, logistics, port services, and strategic planning,
TBS offers total project coordination and door-to-door supply chain management.
The TBS shipping network operates liner, parcel and dry 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.</P></DIV></BODY></HTML>
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<DIV><STRONG>Earnings Release: Friday, August 6, 2010 Before the Market Opens;
Conference Call: Friday, August 6, 2010, at 8:30 a.m. EDT
</SUBHEADLINE></STRONG>
<P>DUBLIN, IRELAND, Aug 04, 2010 (MARKETWIRE via COMTEX) --
<P>TBS International plc (NASDAQ: TBSI) announced today that it will release its
results for the second quarter ended June 30, 2010 before the market opens in
New York on Friday, August 6, 2010. </P>
<P></P>
<P>On the same day, at 8:30 a.m. EDT, the company's management will host a
conference call to discuss the results. </P>
<P>Conference call details: Participants should dial into the call 10 minutes
before the scheduled time using the following numbers: 1-888-713-4216 (from the
US) or 1-617-213-4868 (International Dial In). Participant Passcode: 84822225.
Participants may pre-register for the call at
https://www.theconferencingservice.com/prereg/key.process?key=PYMVNDCHM.
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. </P>
<P>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. </P>
<P>Replay: A telephonic replay of the conference call will be available from
11:30 a.m. EDT on Friday, August 6, 2010 until Friday, August 13, 2010 by
dialing 1-888-286-8010 (from the US) or 1-617-801-6888 (International Dial In).
Access Code: 24376532. A replay of the webcast will be available soon after the
completion of the call. </P>
<P>Forward-Looking Statements "Safe Harbor" Statement under the Private
Securities Litigation Reform Act of 1995 </P>
<P>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. </P>
<P>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: </P><PRE>-- changes in demand for the company's services, which are increasingly
difficult to predict due to economic conditions and uncertainty;
-- the effect of a decline in vessel valuations;
-- the company's ability to maintain financial ratios and satisfy
financial covenants required by its credit facilities, as amended;
-- the company's ability to finance its operations and raise additional
capital on commercially reasonable terms or at all;
-- changes in rules and regulations applicable to the shipping industry,
including 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, which may significantly affect overall
vessel tonnage requirements;
-- changes in the typical seasonal variations in charter rates;
-- volatility 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;
-- default by financial counterparties;
-- a material decline or weakness in shipping rates, which may occur if
the economic recovery is not sustainable;
-- 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, the Company's 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
remaining multipurpose tweendeckers on the anticipated schedule and
the ability of the parties to satisfy the conditions in the
shipbuilding agreements;
-- the possible effects of pending and future legislation in the United
States that may limit or eliminate potential U.S. tax benefits
resulting from the Company's jurisdiction of incorporation;
-- Irish corporate governance and regulatory requirements which could
prove different or more challenging than currently expected; and
-- other factors that are described in the "Risk Factors" sections of
reports filed with the Securities and Exchange Commission.
</PRE>
<P>About TBS International plc TBS is a fully-integrated transportation service
company that provides worldwide shipping solutions to a diverse client base of
industrial shippers. Through the TBS Five Star Service consisting of ocean
transportation, operations, logistics, port services, and strategic planning,
TBS offers total project coordination and door-to-door supply chain management.
The TBS shipping network operates liner, parcel and dry 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.</P></DIV></BODY></HTML>