Exhibit I
CRUDE CARRIERS CORP. REPORTS ADDITIONAL MANAGEMENT SHARE PURCHASES
ATHENS, Greece, March 25, 2010 — Crude Carriers Corp. (NYSE: CRU), a tanker company focusing on the maritime transportation of crude oil cargoes, announced today that on Wednesday, March 24, 2010, the Company’s Chairman and Chief Executive Officer, Mr. Evangelos Marinakis, purchased 15,000 shares of Crude Carriers’ common stock at a cost basis of $16.76 per share.
This purchase has brought the number of shares purchased by Mr. Evangelos Marinakis to a total of 115,000 shares. As previously announced, Mr. Evangelos Marinakis purchased 30,000 shares and 70,000 shares of Crude Carriers’ common stock at a cost basis of $16.22 per share and $16.63 per share, respectively. In addition, the Company’s President, Mr. Ioannis Lazaridis purchased 5,000 shares at a cost basis of $16.25 per share and the Company’s Chief Financial Officer, Mr. Jerry Kalogiratos, also purchased 3,000 shares of common stock at a cost basis of $16.21 per share, on March 22, 2010.
All transactions were completed on the open market.
About Crude Carriers Corp.
Crude Carriers Corp. (NYSE: CRU) is a newly formed Marshall Islands corporation focusing on the maritime transportation of crude oil cargoes. The company’s common shares trade on The New York Stock Exchange under the symbol “CRU”.
| For further information please contact: | ||
| Company contacts: | Investor Relations / Media: | |
| Ioannis Lazaridis, President | Nicolas Bornozis, President | |
| +30 (210) 4584 950 | Capital Link, Inc. | |
i.lazaridis@crudecarrierscorp.com | 230 Park Avenue — Suite 1536 | |
| New York, NY 10160, USA | ||
| Jerry Kalogiratos, CFO | Tel: (212) 661-7566 | |
| +30 (210) 4584 950 | Fax: (212) 661-7526 | |
j.kalogiratos@crudecarrierscorp.com | E-mail: crudecarriers@capitallink.com | |
| www.capitallink.com |