Press release from Nordic American Tankers (NYSE:NAT): Information from Nordic American Offshore (NYSE:NAO)
July 13 2017 - 6:38AM
Hamilton, Bermuda, July 13, 2017
For the interest it may have, below is a press release from
Nordic American Offshore Ltd. that was announced today.
Nordic American Tankers Limited owns 22.6% of the shares in NAO
and the immediate Hansson family owns 10.8% of the NAO shares.
------------------
Nordic American Offshore Ltd. (NYSE:NAO) - comments to an
article in Tradewinds
Hamilton, Bermuda, July 13, 2017
A maritime magazine (Tradewinds) writes today (July 13, 2017)
that NAO has a matter ongoing with Security and Exchange Commission
(SEC). This is not correct. The matter is closed. It is normal from
time to time that a stock listed company has communication with
SEC. NAO has no discussions with SEC.
The magazine is writing this in connection with Alexander
Hanssons' purchase of 300,000 shares in Nordic American Offshore
Ltd. yesterday. The immediate Hansson family is now
holding 10.8% of the shares in NAO.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
Matters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical
facts.
The Company desires to take advantage of the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 and is
including this cautionary statement in connection with this safe
harbor legislation. The words "believe," "anticipate," "intend,"
"estimate," "forecast," "project," "plan," "potential," "may,"
"should," "expect," "pending" and similar expressions identify
forward-looking statements.
The forward-looking statements in this press
release are based upon various assumptions, many of which are
based, in turn, upon further assumptions, including without
limitation, our management's examination of historical operating
trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were
reasonable when made, because these assumptions are inherently
subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond our control, we
cannot assure you that we will achieve or accomplish these
expectations, beliefs or projections. We undertake no obligation to
update any forward-looking statement, whether as a result of new
information, future events or otherwise.
Important factors that, in our view, could cause
actual results to differ materially from those discussed in the
forward-looking statements include the strength of world economies
and currencies, general market conditions, including fluctuations
in charter rates and vessel values, changes in demand in the PSV
market, as a result of changes in the general market conditions of
the oil and natural gas industry which influence charter hire rates
and vessel values, demand in platform supply vessels, our operating
expenses, including bunker prices, dry docking and insurance
costs, governmental rules and regulations or actions taken by
regulatory authorities as well as potential liability from pending
or future litigation, general domestic and international political
conditions, potential disruption of shipping routes due to
accidents or political events, the availability of financing and
refinancing, vessel breakdowns and instances of off-hire and other
important factors described from time to time in the reports filed
by the Company with the Securities and Exchange Commission.
Contacts:Herbjørn Hansson, Executive ChairmanNordic American
Offshore Ltd.Tel: +1 866 805 9504 or + 47 90 14 62 91
Web-site: www.nao.bm
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/c70d6193-344e-491c-8979-fee4bd75ace8
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