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STEALTHGAS Announces Quarterly Cash Dividend of $ 0.1875 Per Common Share

Posted on: Friday, 6 January 2006, 09:00 CST

STEALTHGAS INC. (NASDAQ: GASS) today announced that its Board of Directors declared the Company's first quarterly cash dividend of $ 0.1875 per common share, payable on January 25, 2006 to stockholders of record on January 17, 2006.

STEALTHGAS INC. also announced that it anticipates declaring quarterly dividends in February, May, August and November. The next dividend declaration is intended for May 2006.

CEO Harry Vafias commented: "We are very pleased to announce the payment of our first quarterly dividend since our company went public in October 2005. We are also very pleased with the company's development so far. As of today, we have expanded our fleet to 21 LPG carriers and have an agreement to acquire one additional vessel, with expected delivery in February 2006, thereby enhancing the revenue potential of STEALTHGAS."

About STEALTHGAS INC.

Headquartered in Athens, Greece, STEALTHGAS INC. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. STEALTHGAS INC. currently has a fleet of 21 LPG carriers, and intends to acquire 1 additional LPG carriers. Once this acquisition is completed, STEALTHGAS's fleet will be composed of 22 LPG Carriers with a total capacity of 95,416 cubic meters (cbm). STEALTHGAS's shares are listed on NASDAQ and trade under the symbol "GASS".

Forward-Looking Statement

Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although STEALTHGAS INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, STEALTHGAS INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in STEALTHGAS INC's operating expenses, including bunker prices, dry-docking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.

Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the US Securities and Exchange Commission.

Visit our website at www.stealthgas.com

 Company Contact: Andrew J. Simmons Chief Financial Officer STEALTHGAS INC. 011-30-210-6250-001 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=EF0799653E9EE90C  Investor Relations/Media: Nicolas Bornozis Capital Link, Inc.(New York) Tel. 212-661-7566 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=A5437F980C355B31  

SOURCE: STEALTHGAS INC.

Source: MARKET WIRE

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