Box Ships Appoints Allen & Caron for Investor Relations

ATHENS, Greece, Jan. 9, 2012 /PRNewswire/ -- Box Ships Inc. (NYSE: TEU) ("Box Ships"or the Company), a global shipping company specializing in the transportation of containers, announced today that it has appointed Allen & Caron Inc.("Allen & Caron"), in New York City with offices in Irvine, California and London, as its agency for investor relations.

Chairman, President and Chief Executive Officer Michael Bodouroglou said, "We selected Allen & Caron because of their well-established reputation and track record for helping growing companies develop effective communications and for increasing their exposure to institutional investors both in the US and in Europe. We look forward to working with them."

Joseph Allen, the Chairman and CEO of Allen & Caron commented, "The management team at Box Ships has extensive experience in the shipping industry, and we believe their chartering strategy is quite attractive to investors.  They focus on short- to medium-term time charters of one to five years with staggered maturities, which provides the benefit of stable cash flows while preserving the flexibility to capitalize on potentially rising rates when the current time charters expire."

About Box Ships Inc.
Box Ships is an Athens, Greece-based international shipping company specializing in the transportation of containers. The Company's current fleet consists of seven containerships with a total carrying capacity of 33,237 TEU and a TEU weighted average age of 4.1 years. The Company's shares trade on the New York Stock Exchange under the symbol "TEU."

For more information, visit www.box-ships.com. The information contained on the Company's website does not constitute part of this press release.

About Allen & Caron Inc.
Allen & Caron is a full-service corporate, investor and marketing communications agency serving the needs of public companies. The Allen & Caron international client base includes emerging growth companies in a range of industry segments. The firm has offices in Irvine, California; New York City and London; and has an affiliate relationship with a leading investor relations firm in Italy, which has offices in Milan and Rome.

For more information, visit:

 www.allencaron.com | www.smallcapworld.wordpress.com  | www.twitter.com/AllenCaron

Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include without limitation the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for container shipping capacity, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors, as well as other risks that have been included in filings with the Securities and Exchange Commission, all of which are available at www.sec.gov.

Contacts

Box Ships Inc. 
[email protected]  

Allen & Caron Inc.
Michael Mason (Investors)
[email protected]
(212) 691-8087

Len Hall (Media)
[email protected]
(949) 474-4300

SOURCE Allen & Caron Inc.