ATHENS, Greece, Aug. 10 /PRNewswire-FirstCall/ -- TOP Ships Inc. (Nasdaq: TOPS) will release its second quarter 2009 results on Monday, August 10, after market closing. The next day, Tuesday, August 11, at 10:00AM ET, management will host a conference call, which will be broadcast live over the Internet. Those interested in listening to the live webcast may do so by going to the Company's website at www.topships.org, or by going to www.investorcalendar.com.

The telephonic replay of the conference call will be available by dialing 1-877-660-6853 (from the US and Canada) or +1-201-612-7415 (from outside the US and Canada) and by entering account number 286 and conference ID number 330236. An online archive will also be available immediately following the call at the sites noted above. Both are available for one week, through August 17, 2009.

About TOP Ships Inc.

TOP Ships Inc., formerly known as TOP Tankers Inc., is an international provider of worldwide seaborne crude oil and petroleum products and drybulk transportation services. The Company operates a combined tanker and drybulk fleet as follows:

• A fleet of eight double-hull Handymax tankers, with a total carrying capacity of approximately 0.4 million dwt, of which 76% are sister ships. Two of the Company's Handymaxes are on time charter contracts with an average term of one year with both of the time charters including profit sharing agreements above their base rates. Six of the Company's Handymax tankers are fixed on a bareboat charter basis with an average term of 8.7 years.
• A fleet of five drybulk vessels with a total carrying capacity of approximately 0.3 million dwt, of which 47% are sister ships. All of the Company's drybulk vessels have fixed rate employment contracts for an average period of 26 months.
  

    Contact:  Michael Mason (investors)
              Allen & Caron Inc
              212 691 8087
              michaelm@allencaron.com

SOURCE TOP Ships Inc.