FreeSeas Makes Debut in New York

FreeSeas a provider of sea borne transportation services for dry bulk commodities through the ownership and operation of dry bulk vessels, completed an action packed two-week period in New York City. On Friday, March 17 the company held its Quarterly Board Meeting in New York City approving among other topics the fourth quarter and full year 2005 results and accounts. On the same day, the company's management rang the Closing Bell at NASDAQ, which was featured on the home page of NASDAQ's websites and broadcasted by major financial channels such as Bloomberg and CNBC thereby augmenting the company's visibility among the US investment community. On the evening of the same day, FreeSeas held a dinner at the Thalassa Restaurant in Lower Manhattan in New York City to celebrate its transition into a public company and its listing on NASDAQ.