Pyxis Tankers Inc. Announces Completion of Sale of Pyxis Delta
January 15 2020 - 5:10AM
Maroussi, Greece, January 15, 2020 – Pyxis Tankers Inc. (NASDAQ
Cap Mkts: PXS), (the “Company” or “Pyxis Tankers”), an emerging
growth pure play product tanker company, today announced that it
has completed the sale of the Pyxis Delta, a 2006-built 46,616 dwt
product tanker. The sale proceeds will be used to repay outstanding
indebtedness secured by the vessel and for general corporate
purposes.
Valentios Valentis, our Chairman and CEO
commented:
“This transaction furthers our operating
strategy to focus on modern eco-MR tankers and reflects a more
efficient allocation of capital resources to improve our financial
condition. We are well-positioned to generate significant
cash flows from an improving market primarily due our staggered
time charters and our continued cost discipline. We continue
to be optimistic about the prospects for the product tanker sector,
and this sale enhances our financial flexibility to take advantage
of potential growth opportunities.”
About Pyxis Tankers Inc.
We currently own a modern fleet of five tankers
engaged in seaborne transportation of refined petroleum products
and other bulk liquids. We are focused on growing our fleet of
medium range product tankers, which provide operational flexibility
and enhanced earnings potential due to their “eco” features and
modifications. We are positioned to opportunistically expand and
maximize our fleet due to competitive cost structure, strong
customer relationships and an experienced management team whose
interests are aligned with those of its shareholders. For more
information, visit: http://www.pyxistankers.com. Information
contained in the Company website does not constitute part of this
press release.
Forward Looking Statements
This press release includes “forward-looking
statements” intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995
in order to encourage companies to provide prospective information
about their business. These statements include statements about our
plans, strategies, goals financial performance, prospects or future
events or performance and involve known and unknown risks that are
difficult to predict. As a result, our actual results, performance
or achievements may differ materially from those expressed or
implied by these forward-looking statements. In some cases, you can
identify forward-looking statements by the use of words such as
“may,” “could,” “expects,” “seeks,” “predict,” “schedule,”
“projects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “potential,” “likely” and variations of these terms
and similar expressions, or the negative of these terms or similar
expressions. Such forward-looking statements are necessarily based
upon estimates and assumptions. Although the Company believes 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 the Company’s control, the Company cannot assure you that it
will achieve or accomplish these expectations, beliefs or
projections. The Company’s actual results may differ, possibly
materially, from those anticipated in these forward-looking
statements as a result of certain factors, including changes in the
Company’s financial resources and operational capabilities and as a
result of certain other factors listed from time to time in the
Company’s filings with the U.S. Securities and Exchange Commission.
For more information about risks and uncertainties associated with
our business, please refer to our filings with the U.S. Securities
and Exchange Commission, including without limitation, under the
caption “Risk Factors” in our Annual Report on Form 20-F for the
fiscal year ended December 31, 2018. We caution you not to place
undue reliance on any forward-looking statements, which are made as
of the date of this press release. We undertake no obligation to
update publicly any in information in this press release, including
forward-looking statements, to reflect actual results, new
information or future events, changes in assumptions or changes in
other factors affecting forward-looking statements, except to the
extent required by applicable laws.
Company
Pyxis Tankers Inc.59 K. Karamanli StreetMaroussi 15125
Greeceinfo@pyxistankers.com
Visit our website at www.pyxistankers.com
Company Contact
Henry WilliamsChief Financial OfficerTel: +30 (210) 638 0200 /
+1 (516) 455-0106Email: hwilliams@pyxistankers.com
Source: Pyxis Tankers Inc.
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