Nordic American Tanker Shipping Ltd. - (NYSE:NAT) NAT Chairman & CEO on CNBC today February 12, 2010
(Thomson Reuters ONE) - Hamilton, Bermuda, February 12, 2010In connection with the release of the 4Q09 dividend report today Friday February12, 2010, the Chairman & CEO of Nordic American has been invited by CNBC for aninterview with Jim Cramer. The interview is expected to be on a program todaystarting at 6 pm US Eastern Time. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSMatters discussed in this press release may constitute forward-lookingstatements. The Private Securities Litigation Reform Act of 1995 provides safeharbor protections for forward-looking statements in order to encouragecompanies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives,goals, strategies, future events or performance, and underlying assumptions andother statements, which are other than statements of historical facts.The Company desires to take advantage of the safe harbor provisions of thePrivate Securities Litigation Reform Act of 1995 and is including thiscautionary statement in connection with this safe harbor legislation. The words"believe," "anticipate," "intend," "estimate," "forecast," "project," "plan,""potential," "will," "may," "should," "expect," "pending" and similarexpressions identify forward-looking statements.The forward-looking statements in this press release are based upon variousassumptions, many of which are based, in turn, upon further assumptions,including without limitation, our management's examination of historicaloperating trends, data contained in our records and other data available fromthird parties. Although we believe that these assumptions were reasonable whenmade, because these assumptions are inherently subject to significantuncertainties and contingencies which are difficult or impossible to predict andare beyond our control, we cannot assure you that we will achieve or accomplishthese expectations, beliefs or projections. We undertake no obligation toupdate 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 differmaterially from those discussed in the forward-looking statements include thestrength of world economies and currencies, general market conditions, includingfluctuations in charter rates and vessel values, changes in demand in the tankermarket, as a result of changes in OPEC's petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, includingbunker prices, drydocking and insurance costs, the market for our vessels,availability of financing and refinancing, changes in governmental rules andregulations or actions taken by regulatory authorities, potential liability frompending or future litigation, general domestic and international politicalconditions, potential disruption of shipping routes due to accidents orpolitical events, vessels breakdowns and instances of off-hires and otherimportant factors described from time to time in the reports filed by theCompany with the Securities and Exchange Commission, including the prospectusand related prospectus supplement, our Annual Report on Form 20-F, and ourreports on Form 6-K.Contacts: Scandic American Shipping Ltd Rolf Amundsen Manager for: Investor Relations Nordic American Tanker Shipping Ltd. Nordic American Tanker Shipping Ltd. P.O Box 56, 3201 Sandefjord, Norway Tel: +1 800 601 9079 or + 47 908 26 906 Tel: + 47 33 42 73 00 E-mail: nat(at)scandicamerican.com
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Datum: 12.02.2010 - 04:59 Uhr
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