Stock Alert for Excel Maritime Carriers Ltd. Issued by MicroStockProfit


DALLAS, May 20, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Excel Maritime Carriers Ltd. (NYSE:EXM).  The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision. 

The full report is available at: www.microstockprofit.com/ads/EXM

Excel Maritime Carriers Ltd. (EXM) is a provider of worldwide sea borne transportation services for dry bulk cargo, including among others, iron ore, coal and grain, collectively referred to as major bulks, and steel products, fertilizers, cement, bauxite, sugar and scrap metal, collectively referred to as minor bulks. EXM's fleet is managed by one of its wholly owned subsidiaries, Maryville Maritime Inc. (Maryville).  As of April 27, 2009, the Company owned a fleet of 40 vessels, and together with seven Panamax vessels under bareboat charters, operates 47 vessels, five Capesize, 14 Kamsarmax, 21 Panamax, two Supramax and five Handymax, with a total carrying capacity of approximately 3.9 million deadweight tons (dwt).  On April 15, 2008, the Company completed its acquisition of Quintana Maritime Ltd. (Quintana).  As a result of the acquisition, Quintana operates as a wholly owned subsidiary of EXM under the name Bird. 

Message Board Search for EXM: http://www.boardcentral.com/boards/EXM

In the report, the analyst notes:

"EXM reported net profit for the first quarter at $67.3 million or $0.82 per weighted average diluted share compared to a net profit of $118.0 million or $2.57 per weighted average diluted share in the first quarter of 2009. 

"EXM's stated business strategy is to expand its fleet and to make its dry bulk carrier business more cost effective and more attractive to customers.  In accordance with this strategy, the Company intends to acquire additional vessels in the open market, as market conditions warrant."

To read the entire report visit: www.microstockprofit.com/ads/EXM

See what investors are saying about EXM at penny stock forum

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