Navios Maritime Acquisition Corporation Announces Appointment of Eleni Warren to Board
June 30 2017 - 8:00AM
Navios Maritime Acquisition Corporation ("Navios Acquisition")
(NYSE:NNA) announced today the appointment of Mrs. Eleni Warren to
its Board of Directors.
Mrs. Eleni Warren, a lawyer by training, was a
partner in a leading law firm in Greece practicing banking and
finance. Mrs. Warren was a member of the Athens Bar for
the period beginning in 1981 and ending in 2017. Mrs. Warren earned
a bachelor’s degree in Law from the Faculty of Law of the
University of Athens and a bachelor’s degree in Political Science
from the Panteion University.
Commenting on Mrs. Warren’s appointment to the
Board of Directors, Ms. Frangou, Chairman and CEO of Navios
Maritime Acquisition Corporation, stated: “We look forward to
Mrs. Warren’s contribution to our company and believe that Navios
Acquisition will benefit from her significant legal and commercial
experience.”
Navios Acquisition has also announced that John
Koilalous, who has been appointed as a director of Navios
Acquisition in June 2008, has retired. Ms. Frangou commented, “We
thank Mr. Koilalous for his valuable contribution and his good
service to the Company.”
About Navios Acquisition
Navios Acquisition (NYSE:NNA) is an owner and
operator of tanker vessels focusing on the transportation of
petroleum products (clean and dirty) and bulk liquid
chemicals.
For more information about Navios Acquisition,
please visit our website: www.navios-acquisition.com.
Forward Looking
Statements
This press release contains forward-looking
statements (as defined in Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended) concerning future events and expectations,
including with respect to Navios Acquisition’s future dividends,
2017 cash flow generation and Navios Acquisition’s growth strategy
and measures to implement such strategy; including expected vessel
acquisitions and entering into further time charters. Words such as
"may," "expects," "intends," "plans," "believes," "anticipates,"
"hopes," "estimates," and variations of such words and similar
expressions are intended to identify forward-looking statements.
Such statements include comments regarding expected revenue and
time charters. These forward-looking statements are based on the
information available to, and the expectations and assumptions
deemed reasonable by, Navios Acquisition at the time these
statements were made. Although Navios Acquisition believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of Navios
Acquisition. Actual results may differ materially from those
expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include, but
are not limited to, the creditworthiness of our charterers and the
ability of our contract counterparties to fulfill their obligations
to us, tanker industry trends, including charter rates and vessel
values and factors affecting vessel supply and demand, the aging of
our vessels and resultant increases in operation and dry docking
costs, the loss of any customer or charter or vessel, our ability
to repay outstanding indebtedness, to obtain additional financing
and to obtain replacement charters for our vessels, in each case,
at commercially acceptable rates or at all, increases in costs and
expenses, including but not limited to: crew wages, insurance,
provisions, port expenses, lube oil, bunkers, repairs, maintenance
and general and administrative expenses, the expected cost of, and
our ability to comply with, governmental regulations and maritime
self-regulatory organization standards, as well as standard
regulations imposed by our charterers applicable to our business,
potential liability from litigation and our vessel operations,
including discharge of pollutants, general domestic and
international political conditions, competitive factors in the
market in which Navios Acquisition operates; risks associated with
operations outside the United States; and other factors listed from
time to time in the Navios Acquisition's filings with the
Securities and Exchange Commission, including its Form 20Fs and
Form 6Ks. Navios Acquisition expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in Navios Acquisition’s expectations with respect thereto or any
change in events, conditions or circumstances on which any
statement is based. Navios Acquisition makes no prediction or
statement about the performance of its common stock.
Public & Investor Relations Contact:
Navios Maritime Acquisition Corporation
+1.212.906.8644
info@navios-acquisition.com
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