Euroseas Ltd. Declares Quarterly Dividend, and Sets Date for the Release of First Quarter 2011 Results, Conference Call and Webcast
News Release
Euroseas Ltd.
May 16, 2011
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<DIV><FONT size=2><FONT face=Arial><STRONG>05/16/11</STRONG> Maroussi, Athens,
Greece - May 16, 2011 - Euroseas Ltd., (NASDAQ:ESEA) an owner and operator of
drybulk carriers and container vessels and provider of seaborne transportation
for dry bulk and containerized cargoes, announced today that the Company's Board
of Directors has declared a dividend of $0.07 per common share for the first
quarter of 2011. The dividend is payable on June 10, 2011 to all shareholders of
record as of June 1, 2011. This is the 23rd consecutive quarterly dividend since
the company accessed the capital markets in August 2005 and represents an
increase of $0.01/share as compared to the dividend declared for the fourth
quarter of 2010. <BR><BR>Furthermore, the company announced today that it will
release its financial results for the first quarter ended March 31, 2011, on
Thursday, May 19, 2011, after the market closes in New York. The next day,
Friday, May 20, 2011, at 9:00 am EDT, the Company's management will host a
conference call and webcast to discuss the results. <BR><BR>Conference Call
details: <BR>Participants should dial into the call 10 minutes before the
scheduled time using the following numbers: 1 (866) 819-7111 (from the US),
0(800) 953-0329 (from the UK) or +(44) (0) 1452 542 301 (from outside the US).
Please quote "Euroseas." <BR><BR>A replay of the conference call will be
available until May 27, 2011. The United States replay number is 1(866)
247-4222; from the UK 0(800) 953-1533; the standard international replay number
is (+44) (0) 1452 550 000 and the access code required for the replay is:
6973591#. <BR><BR>Audio Webcast - Slides Presentation: <BR>There will be a live
and then archived audio webcast of the conference call, via the internet through
the Euroseas website (www.euroseas.gr). Participants to the live webcast should
register on the website approximately 10 minutes prior to the start of the
webcast. <BR><BR>The slide presentation on the first quarter results for the
period ended March 31, 2011 will also be available in PDF format 30 minutes
prior to the conference call and webcast accessible on the company's website
(www.euroseas.gr) on the webcast page. Participants to the webcast can download
the PDF presentation. </FONT></FONT><BR><BR></DIV></BODY></HTML>
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<DIV><FONT size=2><FONT face=Arial><STRONG>05/16/11</STRONG> Maroussi, Athens,
Greece - May 16, 2011 - Euroseas Ltd., (NASDAQ:ESEA) an owner and operator of
drybulk carriers and container vessels and provider of seaborne transportation
for dry bulk and containerized cargoes, announced today that the Company's Board
of Directors has declared a dividend of $0.07 per common share for the first
quarter of 2011. The dividend is payable on June 10, 2011 to all shareholders of
record as of June 1, 2011. This is the 23rd consecutive quarterly dividend since
the company accessed the capital markets in August 2005 and represents an
increase of $0.01/share as compared to the dividend declared for the fourth
quarter of 2010. <BR><BR>Furthermore, the company announced today that it will
release its financial results for the first quarter ended March 31, 2011, on
Thursday, May 19, 2011, after the market closes in New York. The next day,
Friday, May 20, 2011, at 9:00 am EDT, the Company's management will host a
conference call and webcast to discuss the results. <BR><BR>Conference Call
details: <BR>Participants should dial into the call 10 minutes before the
scheduled time using the following numbers: 1 (866) 819-7111 (from the US),
0(800) 953-0329 (from the UK) or +(44) (0) 1452 542 301 (from outside the US).
Please quote "Euroseas." <BR><BR>A replay of the conference call will be
available until May 27, 2011. The United States replay number is 1(866)
247-4222; from the UK 0(800) 953-1533; the standard international replay number
is (+44) (0) 1452 550 000 and the access code required for the replay is:
6973591#. <BR><BR>Audio Webcast - Slides Presentation: <BR>There will be a live
and then archived audio webcast of the conference call, via the internet through
the Euroseas website (www.euroseas.gr). Participants to the live webcast should
register on the website approximately 10 minutes prior to the start of the
webcast. <BR><BR>The slide presentation on the first quarter results for the
period ended March 31, 2011 will also be available in PDF format 30 minutes
prior to the conference call and webcast accessible on the company's website
(www.euroseas.gr) on the webcast page. Participants to the webcast can download
the PDF presentation. </FONT></FONT><BR><BR></DIV></BODY></HTML>