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ARBITRARY & CAPRICIOUS

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ARBITRARY & CAPRICIOUS

Re: None

Tuesday, 11/19/2013 9:39:44 PM

Tuesday, November 19, 2013 9:39:44 PM

Post# of 17242
Mr. Ion G. Varouxakis, Chairman, President and Chief Executive Officer of the Company made the following comments: "We are pleased to announce the extinguishment of approximately $30 million of debt, representing approximately one third of the Company's total bank debt. This transaction will result in significant gains, which are presently estimated to exceed $12 million. As a result, our balance sheet will be completely transformed, resetting us in position for future growth."
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