Nordic American Offshore Ltd. Announces First Quarter 2019 Earnings Release on June 6, 2019
31 May 2019 - 6:42AM
MONACO, MAY 30, 2019 (GLOBE NEWSWIRE)
– Nordic American Offshore Ltd. (NYSE:NAO) ("NAO," or the
"Company") announced today that the Company plans to issue its
financial results for the first quarter 2019 before the open
of trading in the U.S. on Thursday, June 6, 2019.
About the Company
NAO is an offshore support vessel company that
owns 23 vessels consisting of 10 platform supply vessels, or PSVs,
two anchor handling tug supply vessels, or AHTS vessels and 11 crew
boats. The Company’s vessels primarily operate in the North
Sea or the West Coast of Africa. Additional information about
the Company is available at the Company's website www.nao.bm, which
is not a part of this press release.
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," "expect," "anticipate," "estimate," "intend,"
"plan," "target," "project," "likely," "may," "will," "would,"
"could" 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, management’s examination of historical operating
trends, data contained in the Company’s records and other data
available from third parties. Although management 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, there can be no assurance that the
Company will achieve or accomplish these expectations, beliefs or
projections. The Company undertakes no obligation, and specifically
declines any obligation, except as required by law, to publicly
update or revise any forward‐looking statements, whether as a
result of new information, future events or otherwise.
Important factors that, in the Company’s 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 offshore support vessel (OSV) market, changes
in charter hire rates and vessel values, demand in platform supply
vessels, the Company’s 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:
Nordic American Offshore Ltd. + 377 9798 5717 (Monaco) + 1 646
432 3315 (New York) Web-site: www.nao.bm
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