Exhibit 99.1
Contact: |
| Randall J. Larson, CEO |
|
| Gregory J. Pound, President |
|
| Frederick W. Boutin, CFO |
|
| 303-626-8200 |
TRANSMONTAIGNE PARTNERS L.P. DECLARES DISTRIBUTION
Friday, January 18, 2008 | Immediate Release |
Denver, Colorado— TransMontaigne Partners L.P. (NYSE:TLP) announced that on January 18, 2008 it declared a distribution of $0.52 per unit for the period from September 1, 2007 through December 31, 2007. This distribution is payable on February 5, 2008 to the unitholders of record on January 31, 2008. The increase in the distribution to $0.52 per unit from $0.50 per unit is due principally to favorable operating results in the Partnership’s facilities owned and operated throughout calendar 2007.
TransMontaigne Partners L.P. is a terminaling and transportation company based in Denver, Colorado with operations along the Gulf Coast, in Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Midwest. We provide integrated terminaling, storage, transportation and related services for companies engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products. Light refined products include gasolines, diesel fuels, heating oil and jet fuels; heavy refined products include residual fuel oils and asphalt. We do not purchase or market products that we handle or transport. News and additional information about TransMontaigne Partners L.P. is available on our website: www.transmontaignepartners.com.
Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Although the company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Important factors that could cause actual results to differ materially from the company’s expectations and may adversely affect its business and results of operations are disclosed in “Item 1A. Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2006, filed with the Securities and Exchange Commission on March 16, 2007, and in “Risk Factors” in the company’s Prospectus Supplement dated May 17, 2007 to the Prospectus dated May 10, 2007, as filed with the Securities and Exchange Commission on May 18, 2007 (Securities Act File No. 333-142108).
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1670 Broadway • Suite 3100 • Denver, CO 80202 • 303-626-8200 (phone) • 303-626-8228 (fax)
Mailing Address: P. O. Box 5660 • Denver, CO 80217-5660
www.transmontaignepartners.com