Navios Maritime Holdings Inc. Announces the Date for Release of First Quarter 2009 Financial Results

Conference Call and Webcast: Thursday, May 21, 2009, at 8:30 am EDT

PIRAEUS, Greece, May 18 /PRNewswire-FirstCall/ — Navios Maritime Holdings Inc. (“Navios Holdings”) (NYSE: NM) announced today that it will host a conference call on Thursday, May 21, 2009, at 8:30 am EDT, at which time members of senior management will provide highlights and commentary on the first quarter of 2009. The Company will announce earnings for the first quarter ended March 31, 2009 prior to the conference call.

A supplemental slide presentation will be available on the Navios Holdings website at http://www.navios.com under the “Investors” section at 7:30 am EDT on the day of the call.

    The conference call details are as follows:

    Call Date/Time: Thursday, May 21, 2009; 8:30 am EDT
    Call Title: Navios Maritime Holdings Inc. Q1 2009 Financial Results
                 Conference Call
        US Dial In: +1.888.694.4702
        International Dial In: +1.973.582.2741
        Conference ID: 9938 8364

    The conference call replay will be available shortly after the live call
    and remain available for one business week at the following numbers:
        US Replay Dial In: +1.800.642.1687
        International Replay Dial In: +1.706.645.9291
        Conference ID: 9938 8364

This call will be simultaneously Webcast at the following Web address: http://webcast.streamlogics.com/audience/index.asp?eventid=50158327. The Webcast will be archived and available at this same Web address for one month following the call.

About Navios Maritime Holdings Inc.

Navios Maritime Holdings Inc. is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

Navios Holdings may, from time to time, be required to offer certain owned Capesize and Panamax vessels to Navios Maritime Partners L.P. for purchase at fair market value according to the terms of the Omnibus Agreement. For more information please visit our website: www.navios.com.

Safe Harbor

This press release may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Maritime Holdings Inc. (Navios Holdings). Forward looking statements are statements that are not historical facts. Such forward looking statements, based upon the current beliefs and expectations of Navios Holdings’ management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The information set forth herein should be read in light of such risks. Navios Holdings does not assume any obligation to update the information contained in this press release.

Forward-Looking Statements – Safe Harbor

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and Navios Holdings’ growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. Such statements include comments regarding expected revenues and time charters. Although Navios Holdings believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Holdings. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for dry bulk vessels, competitive factors in the market in which Navios Holdings operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Holdings’ filings with the Securities and Exchange Commission. Navios Holdings expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Holdings’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    Public & Investor Relations Contact:
        Navios Maritime Holdings Inc.
        Investor Relations
        +1.212.279.8820
        investors@navios.com

SOURCE Navios Maritime Holdings Inc.