Safe Bulkers, Inc. Sets Date for Fourth Quarter and Full Year 2011 Results, Dividend Announcement, Conference Call and Webcast
January 31 2012 - 8:00AM
Marketwired
Safe Bulkers, Inc. (the Company) (NYSE: SB), an international
provider of marine drybulk transportation services, announced today
that it will release its results for the fourth quarter and full
year ended December 31, 2011 after the market closes in New York on
Tuesday, February 14, 2012.
The Company also expects to announce the declaration of a
dividend for the fourth quarter 2011 at that time.
On Wednesday, February 15, 2012 at 08:30 A.M. EST, the Company's
management team will host a conference call to discuss the
financial results.
Conference Call
Participants should dial into the call 10 minutes before the
scheduled time using the following numbers: 1 (866) 819-7111 (US
Toll Free Dial In), 0(800) 953-0329 (UK Toll Free Dial In) or +44
(0)1452-542-301 (Standard International Dial In). Please quote "Safe Bulkers" to
the operator.
A telephonic replay of the conference call will be available
until February 24, 2012 by dialing 1 (866) 247-4222 (US Toll Free
Dial In), 0(800) 953-1533 (UK Toll Free Dial In) or +44 (0)1452
550-000 (Standard International Dial In). Access Code: 1859591#
Slides and audio webcast:
There will also be a live, and then archived, webcast of the
conference call, available through the Company's website
(www.safebulkers.com). Participants to the live webcast should
register on the website approximately 10 minutes prior to the start
of the webcast.
About Safe Bulkers, Inc. The Company is an
international provider of marine drybulk transportation services,
transporting bulk cargoes, particularly coal, grain and iron ore,
along worldwide shipping routes for some of the world's largest
users of marine drybulk transportation services. The Company's
common stock is listed on the NYSE, where it trades under the
symbol "SB." The Company's current fleet consists of 18 drybulk
vessels, all built post-2003, and the Company has contracted to
acquire 10 additional drybulk newbuild vessels to be delivered at
various times through 2014.
Forward-Looking Statements This press
release contains forward-looking statements (as defined in Section
27A of the Securities Exchange Act of 1933, as amended, and in
Section 21E of the Securities Act of 1934, as amended) concerning
future events, the Company's growth strategy and measures to
implement such strategy, including expected vessel acquisitions and
entering into further time charters. Words such as "expects,"
"intends," "plans," "believes," "anticipates," "hopes," "estimates"
and variations of such words and similar expressions are intended
to identify forward-looking statements. Although the Company
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 that are inherently subject to
significant uncertainties and contingencies, many of which are
beyond the control of the Company. 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, changes in the demand
for drybulk vessels, competitive factors in the market in which the
Company operates, risks associated with operations outside the
United States and other factors listed from time to time in the
Company's filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligations or undertaking to
release any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
For further information please contact: Company
Contact: Dr. Loukas Barmparis President Safe Bulkers, Inc.
Athens, Greece Tel.: +30 (210) 899-4980 Fax: +30 (210) 895-4159
E-Mail: directors@safebulkers.com Investor Relations / Media
Contact: Matthew Abenante Capital Link, Inc. 230 Park Avenue,
Suite 1536 New York, N.Y. 10169 Tel.: (212) 661-7566 Fax: (212)
661-7526 E-Mail: safebulkers@capitallink.com
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