Nordic American Offshore (NYSE:NAO) - New CFO for NAO and Nordic American Tankers Limited (NAT) to join October 16, 2017
September 12 2017 - 07:40AM
YASTEST
Hamilton, Bermuda, September 12, 2017
In our message of September 1,
2017, we informed the investor market about the appointment of our
new Chief Financial Officer (CFO), Mr. Bjorn Giaever. We are
pleased to inform you that Mr. Giaever will join us October 16,
2017.
Mr. Giaever joins NAT/NAO from the
well reputed firm of Fearnley Securities AS with main office in
Oslo, Norway. This is an investment bank with special focus on the
maritime sectors, where he served as a director and partner in the
Corporate Finance division. Mr. Giaever has served as a corporate
advisor in the John Fredriksen group in London, top rated Senior
Shipping Analyst in DNB Markets and partner in Inge Steensland AS,
specializing in gas related maritime matters.
The outgoing CFO, Turid M.
Sorensen, will leave her administrative duties in NAT/NAO
before the end of 2017, providing for a smooth transition. She will
be suggested as board member of NAT later.
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," "anticipate," "intend," "estimate," "forecast,"
"project," "plan," "potential," "may," "should," "expect,"
"pending" 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. We
undertake no obligation to update 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 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 PSV market, as a result of changes in the general
market conditions of the oil and natural gas industry which
influence charter hire rates and vessel values, demand in
platform supply vessels, our 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:
Herbjørn Hansson, Executive Chairman
Nordic American Offshore Ltd.
Tel: +1 866 805 9504 or +47 90 14 62 91
Gary J. Wolfe
Seward & Kissel LLP
New York, USA
Tel: +1 212 574 1223
Web-site: www.nao.bm
Press release (PDF)
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Nordic American Offshore Ltd via
Globenewswire
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