TBS International plc Announces Dates for the Release of the First Quarter Results, Conference Call and Webcast
News Release
TBS International plc (TBS Ireland)
May 9, 2011
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<DIV><STRONG>Earnings Release: Monday, May 9, 2011; Conference Call: Wednesday,
May 11, 2011, at 8:00 a.m. EDT </SUBHEADLINE></STRONG>
<P>DUBLIN, IRELAND, May 06, 2011 (MARKETWIRE via COMTEX) --
<P>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. </P>
<P></P>
<P>On Wednesday, May 11, 2011 at 8:00 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: 1-888-680-0878 (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. </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
11:00 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. </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>-- 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;</PRE></DIV></BODY></HTML>
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<DIV><STRONG>Earnings Release: Monday, May 9, 2011; Conference Call: Wednesday,
May 11, 2011, at 8:00 a.m. EDT </SUBHEADLINE></STRONG>
<P>DUBLIN, IRELAND, May 06, 2011 (MARKETWIRE via COMTEX) --
<P>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. </P>
<P></P>
<P>On Wednesday, May 11, 2011 at 8:00 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: 1-888-680-0878 (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. </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
11:00 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. </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>-- 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;</PRE></DIV></BODY></HTML>