Nordic American Offshore (NYSE:NAO) - New CFO for NAO and Nordic American Tankers Limited (NAT) to join October 16, 2017
September 12 2017 - 7:41AM
Hamilton, Bermuda, September 12, 2017
In our message of September 1, 2017, we informed
the investor market about the appointment of our new Chief
Financial Officer (CFO), Mr. Bjorn Giaever. We are pleased to
inform you that Mr. Giaever will join us October 16,
2017.
Mr. Giaever joins NAT/NAO from the well reputed
firm of Fearnley Securities AS with main office in Oslo, Norway.
This is an investment bank with special focus on the maritime
sectors, where he served as a director and partner in the Corporate
Finance division. Mr. Giaever has served as a corporate advisor in
the John Fredriksen group in London, top rated Senior Shipping
Analyst in DNB Markets and partner in Inge Steensland AS,
specializing in gas related maritime matters.
The outgoing CFO, Turid M. Sorensen,
will leave her administrative duties in NAT/NAO before the end
of 2017, providing for a smooth transition. She will be suggested
as board member of NAT later.
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 Chairman Nordic
American Offshore Ltd. Tel: +1 866 805 9504 or +47 90 14
62 91
Gary J. Wolfe Seward & Kissel LLP New York, USA Tel: +1 212
574 1223
Web-site: www.nao.bm
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/571a91f6-f169-4e0a-baf8-01e216125d2b
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