September 19, 2005 ATHENS, GREECE – DryShips Inc. (NASDAQ: DRYS)
announced today that its Board of Directors has declared the Company's
quarterly cash dividend of $0.20 per common share, payable October 31,
2005 to stockholders of record on September 30, 2005.
"We are pleased to announce the payment of our second quarterly dividend
payment and the continuance of our quarterly dividend policy as announced in
our IPO Prospectus." commented Mr. George Economou, Chairman and
Chief Executive Officer of the Board.
About DryShips Inc.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers
that operate worldwide. As of the day of this Release, DryShips owns a fleet
of 27 drybulk consisting 4 Capesize, 21 Panamax and 2 Handymax vessels,
with a combined deadweight tonnage of approximately 2.3 million. DryShips is
the second largest Panamax operator in the world.
DryShips Inc.'s common stock is listed on NASDAQ National Market where it
trades under the symbol "DRYS".
Forward-Looking Statements
Matters discussed in this release may constitute forward-looking statements.
Forward-looking statements reflect our current views with respect to future
events and financial performance and may 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 forward-looking statements in this release
are based upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, management's examination
of historical operating trends, data contained in our records and other data
available from third parties. Although DryShips Inc. 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 our control, DryShips Inc.
cannot assure you that it will achieve or accomplish these expectations,
beliefs or projections. 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 changes in charterhire rates and vessel values,
changes in demand that may affect attitudes of time charterers to scheduled
and unscheduled drydocking, changes in DryShips Inc.'s operating expenses,
including bunker prices, dry-docking and insurance costs, or actions taken by
regulatory authorities, potential liability from pending or future litigation,
domestic and international political conditions, potential disruption of shipping
routes due to accidents and political events or acts by terrorists.
Risks and uncertainties are further described in reports filed by DryShips Inc.
with the US Securities and Exchange Commission.
Visit our website at www.dryships.com
Company Contact:
Christopher J. Thomas
Chief Financial Officer
DryShips Inc.
011-30-210-809-0570
E-mail: finance@dryships.com
Investor Relations / Media:
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel. 212-661-7566
E-mail: nbornozis@capitallink.com |
