NewLead Holdings Ltd. Updates Date on Press Release Dated September 29, 2015 Announcing Updates on Five Mile and Elk Valley Mines and Coal Supply Contracts
HAMILTON, Bermuda, Nov. 10, 2015 -- NewLead Holdings Ltd. (OTC: NEWL) ("NewLead" or the "Company") announced today that the date of January 17, 2014 referenced in the first paragraph of the press release, distributed on September 29, 2015, providing an update on the Five Mile and Elk Valley mines and coal supply contracts, should have been January 17, 2013, not January 17, 2014.
About NewLead Holdings Ltd.
NewLead Holdings Ltd. is an
international vertically integrated shipping, logistics and commodity
company providing ideal solutions for seaborne transportation of dry bulk
commodities and petroleum products through owned and managed vessels.
NewLead controls a fleet of ten vessels, including five dry bulk and five
tanker vessels and manages one third party tanker vessel. NewLead is a
Securities and Exchange Commission ("SEC") reporting Foreign Private Issuer
in compliance with applicable SEC rules and regulations and current in its
SEC reporting, utilizing U.S. Generally Accepted Accounting Principles'
financial reporting standards. NewLead's common shares are traded under the
symbol "NEWL" on the Over-the-Counter market. To learn more about
NewLead Holdings Ltd., please visit NewLead's renewed website at
www.newleadholdings.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995
This press release includes assumptions,
expectations, projections, intentions and beliefs about future events.
These statements, as well as words such as "anticipate," "estimate,"
"project," "plan," and "expect," are intended to be ''forward-looking"
statements. We caution that assumptions, expectations, projections,
intentions and beliefs about future events may vary from actual results and
the differences can be material. Forward-looking statements include, but
are not limited to, such matters as the creditworthiness of our
counterparties, the reliability of reserve reports, our ability to extract
or acquire coal to fulfill contracts, the consummation of conditional
contracts, future operating or financial results; our liquidity position
and cash flows, our ability to borrow additional amounts under our
revolving credit facility and, if needed, to obtain waivers from our
lenders and restructure our debt, and our ability to continue as a going
concern; statements about planned, pending or recent vessel disposals
and/or acquisitions, business strategy, future dividend payments and
expected capital spending or operating expenses, including dry-docking and
insurance costs; statements about trends in the product tanker and dry bulk
vessel shipping segments, including charter rates and factors affecting
supply and demand; expectations regarding the availability of vessel
acquisitions; completion of repairs; length of off-hire; availability of
charters; and anticipated developments with respect to any pending
litigation. 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 our records and other data
available from third parties. Although NewLead 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 our control, NewLead
cannot assure you that it will achieve or accomplish these expectations,
beliefs or projections described in the forward looking statements.
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 changes in charter rates and vessel values, failure of a seller
to deliver one or more vessels, and other factors discussed in NewLead's
filings with the U.S. Securities and Exchange Commission from time to time.
NewLead expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in NewLead's expectations with
respect thereto or any change in events, conditions or circumstances on
which any statement is based.
Investor and Media Relations:
Elisa Gerouki
NewLead
Holdings Ltd.
Telephone: + 30 213 014 8023
Email: egerouki@newleadholdings.com
SOURCE NewLead Holdings Ltd.
RELATED LINKShttp://www.newleadholdings.com
