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Aries Maritime Transport Ltd

Aries Maritime Announces Preliminary Results for Second Quarter 2008

expects to report net income of $13.1 million, or $0.46 per basic and diluted common share, for the second quarter of 2008, which includes a $13.6 million gain on the sale of three vessels. The Company expects to report revenues of

$19.3 million and net operating income of approximately $2.1 million from continuing operations for the three months ended June 30, 2008.

Aries also announced it has suspended payment of its quarterly dividend, effective immediately. The decision follows the new management's strategic review of the Company's business and reflects the...

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