PIRAEUS, Greece, Jan. 20, 2015 /PRNewswire/ -- Aegean Marine
Petroleum Network Inc. ("Aegean" or "the Company") (NYSE: ANW)
today announced that it will commence immediate marketing
operations in Russia.
Aegean's operations in this region will include a marketing and
business development office located in St. Petersburg, dedicated to sales and
marketing of marine petroleum products across all Russian
ports. With the assistance of five seasoned industry
professionals, previously employed by OW Bunker, the Company
expects to gain important local market intelligence, while
providing enhanced service to clients at all Russian
ports.
E. Nikolas Tavlarios, the
Company's President, commented, "We remain committed to meeting the
increasing demand of our growing global customer base. This
expansion is consistent with our opportunistic efforts to diversify
our operations and enhance our global footprint. We believe
that our expansion into Russia,
combined with our recent entry into the U.S. Gulf Coast, U.S. West
Coast, and German markets, demonstrates our continued actions to
strengthen the Aegean network around the world. We are
confident that Aegean is well positioned for continued growth,
success and value creation in 2015."
About Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc. is an international marine
fuel logistics company that markets and physically supplies refined
marine fuel and lubricants to ships in port and at sea. The Company
procures product from various sources (such as refineries, oil
producers, and traders) and resells it to a diverse group of
customers across all major commercial shipping sectors and leading
cruise lines. Currently, Aegean has a global presence in 30
markets, including Vancouver,
Montreal, Mexico, Jamaica, Trinidad
and Tobago, Gibraltar,
U.K., Northern Europe, Piraeus,
Patras, the United Arab Emirates,
Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Panama, Hong
Kong, Barcelona, the U.S.
East Coast, Los Angeles,
Long Beach, Algeciras, the
Gulf of Mexico and Germany. The Company has also entered into a
strategic alliance to extend its global reach to China. To learn more about Aegean, visit
http://www.ampni.com.
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," "intend,"
"anticipate," "estimate," "project," "forecast," "plan,"
"potential," "may," "should," "expect" 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, our management's examination of historical
operating trends, data contained in our records and other data
available from third parties. Although we believe 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, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors
that, in our view, could cause actual results to differ materially
from those discussed in the forward-looking statements include our
ability to manage growth, our ability to successfully consummate
and integrate acquisitions, maintain our business in light of
our proposed business and location expansion, our ability to obtain
double hull secondhand bunkering tankers, the outcome of legal, tax
or regulatory proceedings to which we may become a party, adverse
conditions in the shipping or the marine fuel supply industries,
our ability to retain our key suppliers and key customers, material
disruptions in the availability or supply of crude oil or refined
petroleum products, changes in the market price of petroleum,
including the volatility of spot pricing, increased levels of
competition, compliance or lack of compliance with various
environmental and other applicable laws and regulations, our
ability to collect accounts receivable, changes in the political,
economic or regulatory conditions in the markets in which we
operate, and the world in general, our failure to hedge certain
financial risks associated with our business, our ability to
maintain our current tax treatments and our failure to comply with
restrictions in our credit agreements and other factors.
Please see our filings with the Securities and Exchange Commission
for a more complete discussion of these and other risks and
uncertainties.
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SOURCE Aegean Marine Petroleum Network Inc.