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| Box Ships Inc. Reports Quarter Ended March 31, 2013 Results And Declares Quarterly Dividend Of $0.12 Per Common Share |
ATHENS, Greece, April 25, 2013 – Box Ships Inc. (NYSE: TEU) (the “Company”), a global shipping company specializing in the seaborne transportation of containers, announced today its results for the quarter ended March 31, 2013. read more >>
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| Box Ships Inc. Announces Date Of Its First Quarter Ended March 31, 2013 Results And Conference Call. |
ATHENS, Greece, April 22, 2013 – Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, today announced plans to release its results for the first quarter ended March 31, 2013, after the market closes on Thursday, April 25, 2013. On Friday, April 26, 2013 at 8:00 am ET, a conference call and webcast will be held to review the results. Interested parties should call +1-877-317-6789 (USA) or +1-412-317-6789 (international), to access the call. You may also access this call via the Internet link, Webcast Presentation.
Web participants are encouraged to go to the website at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. The online archive will be available shortly after the conclusion of the call and continue for seven days.
For those unavailable to listen to the live broadcast, a replay will be available for seven days and can be accessed by dialing +1-877-870-5176 (domestic) and +1-858-384-5517 (international) and using passcode 10028125. The online archive will be available shortly after the conclusion of the call and continue for seven days. read more >>
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| Box Ships Inc. Prices Public Offering of its Common Shares |
ATHENS, Greece, March 13, 2013 – Box Ships Inc. (NYSE:TEU) today announced that it has priced its previously announced public offering of 4,000,000 of its common shares at $5.25 per share. The offering is expected to close on March 18, 2013. The Company has granted the underwriters a 30-day option to purchase an additional 600,000 of its common shares to cover over-allotments, if any. The gross proceeds from the offering before the underwriting discount and other offering expenses are expected to be approximately $21 million. The net proceeds of the offering are expected to be used by the Company for general corporate purposes, which may include the repayment of debt and the acquisition of vessels.
Global Hunter Securities is acting as lead managing underwriter and sole book-runner of the offering. Maxim Group LLC and National Securities Corporation are acting as co-managers for the offering.
This offering is being made only by means of a prospectus supplement and accompanying base prospectus. A preliminary prospectus supplement relating to the offering has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and is available on the SEC’s website located at www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus relating to this offering may be obtained from Global Hunter Securities, 777 Third Avenue, 22nd Floor, New York, NY 10017 (or by telephone at 646-264-5629 or by email to amcadams@ghsecurities.com).
A shelf registration statement relating to the shares was filed with the SEC and is effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Box Ships Inc.
Box Ships Inc. is an Athens, Greece-based international shipping company specializing in the transportation of containers. The Company's current fleet consists of nine containerships with a total carrying capacity of 43,925 TEU and a TEU weighted average age of 8.1 years. The Company's shares trade on the New York Stock Exchange under the symbol "TEU."
Forward-Looking Statements
Certain of the statements made in this press release are forward looking, such as those, among others, relating to the Company’s expectations regarding the completion of the proposed public offering. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include, without limitation, risks and uncertainties related to market conditions and the satisfaction of customary closing conditions related to the proposed public offering. There can be no assurance that the Company will be able to complete the proposed public offering on terms satisfactory to it, or at all.
Contacts
Box Ships Inc.
ir@box-ships.com
Allen & Caron Inc.
Michael Mason (Investors)
michaelm@allencaron.com
(212) 691-8087
Len Hall (Media)
len@allencaron.com (949) 474-4300
read more >>
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| Box Ships Inc. Announces Public Offering of $25,000,000 of its Common Shares |
ATHENS, Greece, March 12, 2013 – Box Ships Inc. (NYSE:TEU) today announced that it intends to offer and sell $25,000,000 of its common shares in an underwritten public offering. The Company intends to grant the underwriters a 30-day option to purchase an additional $3,750,000 of its common shares to cover over-allotments, if any. The net proceeds of the offering are expected to be used by the Company for general corporate purposes, which may include the repayment of debt and the acquisition of vessels.
Global Hunter Securities is acting as lead managing underwriter and sole book-runner of the offering.
This offering is being made only by means of a prospectus supplement and accompanying base prospectus. A prospectus supplement related to the offering will be filed with the U.S. Securities and Exchange Commission (the “SEC”) and will be available on the SEC’s website located at www.sec.gov. When available, copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained from Global Hunter Securities, 777 Third Avenue, 22nd Floor, New York, NY 10017 (or by telephone at 646-264-5629 or by email to amcadams@ghsecurities.com).
A shelf registration statement relating to the shares was filed with the SEC and is effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Box Ships Inc.
Box Ships Inc. is an Athens, Greece-based international shipping company specializing in the transportation of containers. The Company's current fleet consists of nine containerships with a total carrying capacity of 43,925 TEU and a TEU weighted average age of 8.1 years. The Company's shares trade on the New York Stock Exchange under the symbol "TEU."
Forward-Looking Statements
Certain of the statements made in this press release are forward looking, such as those, among others, relating to the Company’s expectations regarding the completion of the proposed public offering. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include, without limitation, risks and uncertainties related to market conditions and the satisfaction of customary closing conditions related to the proposed public offering. There can be no assurance that the Company will be able to complete the proposed public offering on terms satisfactory to it, or at all.
Contacts
Box Ships Inc.
ir@box-ships.com
Allen & Caron Inc.
Michael Mason (Investors)
michaelm@allencaron.com
(212) 691-8087
Len Hall (Media)
len@allencaron.com (949) 474-4300 read more >>
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| BOX SHIPS INC. ANNOUNCES AVAILABILITY OF 2012 ANNUAL REPORT ON FORM 20-F |
ATHENS (March 8, 2013) … Box Ships Inc. (NYSE: TEU) a global shipping company specializing in the transportation of containers, announced today that has filed its Annual Report on Form 20- F for the fiscal year ended December 31, 2012 (the “Annual Report”) with the Securities and Exchange Commission (the "SEC"). The report may also be accessed through the Investor Relations section of the Company's website at http://www.box-ships.com/sec-fillings.php.
Shareholders may also request a hard copy of the Annual Report, which includes the Company’s complete 2012 audited financial statements, free of charge, by contacting Allen & Caron Inc., the Company’s investor relations advisor, using the contact details provided below. read more >>
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| BOX SHIPS INC. REPORTS FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2012 RESULTS AND DECLARES QUARTERLY DIVIDEND OF $0.22 PER COMMON SHARE |
ATHENS, Greece, February 19, 2013 – Box Ships Inc. (NYSE: TEU) (the “Company”), a global shipping company specializing in the seaborne transportation of containers, announced today its results for the fourth quarter and year ended December 31, 2012. read more >>
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| BOX SHIPS INC. ANNOUNCES DATE OF ITS FOURTH QUARTER AND FULL YEAR 2012 RESULTS AND CONFERENCE CALL |
ATHENS, Greece, February 13, 2013 – Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, today announced plans to release its results for the fourth quarter and year ended December 31, 2012, before the market opens on Tuesday, February 19, 2013 and host a conference call and webcast the same day at 8:00 am ET, to review the results. Interested parties should call +1-877-317-6789 (USA) or +1-412-317-6789 (international), to access the call. You may also access this call via the Internet by visiting the website
http://services.choruscall.com/links/box130219.html
Web participants are encouraged to go to the website at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. The online archive will be available shortly after the conclusion of the call and continue for seven days.
For those unavailable to listen to the live broadcast, a replay will be available for seven days and can be accessed by dialing +1-877-344-7529 (domestic) and +1-412-317-0088 (international) and using passcode 10025326. The online archive will be available shortly after the conclusion of the call and continue for seven days.
read more >>
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| BOX SHIPS INC. ANNOUNCES REVISION OF CALCULATION OF EARNINGS PER COMMON SHARE FOR THE THIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2012 |
ATHENS, Greece, February 8, 2013 – Box Ships Inc. (NYSE: TEU) (the “Company”), a global shipping company specializing in the seaborne transportation of containers, announced today that it has revised its calculation of earnings per common share (EPS) for the third quarter and nine months ended September 30, 2012. The revision relates to the redemption of 692,641 Series B Preferred Shares that took place in July 2012. This correction reflects application of U.S. Securities and Exchange Commission guidance that any premium paid on redemption represents a return similar to a dividend to the preferred shareholders which should be deducted from net income to arrive at income available to common shareholders in the EPS calculation. For the three months ended September 30, 2012, the Company reported basic and diluted EPS of $0.16 per common share. After applying the above guidance, basic and diluted EPS for the three months ended September 30, 2012, is revised to $0.07. For the nine months ended September 30, 2012, the Company reported basic and diluted EPS of $0.54 per common share. After applying the above guidance, basic and diluted EPS for the nine months ended September 30, 2012, is revised to $0.44 per common share.
There is no effect on the Company’s previously-announced Adjusted EPS due to the one-time nature of this redemption. The application of the SEC guidance referred to above also has no effect on the Company’s net income for the third quarter and nine months ended September 30, 2012, which was $3,654,227 and $10,302,601, respectively.
You can find attached relevant report. read more >>
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| BOX SHIPS INC. REPORTS THIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2012 RESULTS AND DECLARES QUARTERLY DIVIDEND OF $0.22 PER COMMON SHARE |
ATHENS, Greece, November 7, 2012 – Box Ships Inc. (NYSE: TEU) (the “Company”), a global shipping company specializing in the seaborne transportation of containers, announced today its results for the third quarter and nine months ended September 30, 2012.
You can find attached relevant report. read more >>
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| BOX SHIPS INC. ANNOUNCES DATE OF ITS THIRD QUARTER RESULTS AND CONFERENCE CALL |
ATHENS, Greece, October 30, 2012 – Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, today announced plans to release its results for the third quarter and nine months ended September 30, 2012, before the market opens on Wednesday, November 7, 2012 and host a conference call and webcast at 10:00 am ET, to review the results. Interested parties should call 1-877-317-6789 (USA) or +1-412-317-6789 (international), to access the call. You may also access this call via the Internet by visitingthe link, Webcast Presentation.
Web participants are encouraged to go to the website at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. The online archive will be available shortly after the conclusion of the call and continue for seven days.
For those unavailable to listen to the live broadcast, a replay will be available for seven days and can be accessed by dialing 1-877-344-7529 (domestic) and +1-412-317-0088 (international) and using passcode 10020300. The online archive will be available shortly after the conclusion of the call and continue for seven days. read more >>
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