Exhibit 99.1
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| NEWS RELEASE for January 20, 2005 at 8:00 AM EDT | | |
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| Contact: | | Allen & Caron Inc | | World Fuel Services Corporation |
| | | Jesse Deal (Investors) | | Francis X Shea |
| | | jesse@allencaron.com | | fshea@wfscorp.com |
| | | (212) 691-8087 | | (305) 428-8000 |
WORLD FUEL SERVICES CORPORATION ANNOUNCES
TWO-FOR-ONE STOCK SPLIT
MIAMI (January 20, 2005) … World Fuel Services Corporation (NYSE:INT) announced today that its Board of Directors has approved a two-for-one split of its common stock. The record date for the stock split is February 1, 2005. Stockholders of record on that date will receive one new share of common stock for every share owned. The distribution of the shares to be issued pursuant to the stock split will be made on or about February 15, 2005.
“The stock split provides an opportunity to broaden our base of investors and improve the liquidity of our stock, both of which we believe to be in the best interests of our shareholders.” said Paul H. Stebbins, Chairman and Chief Executive Officer of the Company.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services Corporation is a global leader in the downstream marketing and financing of aviation and marine fuel products and related services. As the marketer of choice in the aviation and shipping industries, World Fuel Services provides fuel and services at more than 2,500 airports and seaports worldwide. With 42 offices strategically located throughout the world, World Fuel Services offers its customers a value-added outsource service for the supply, quality control, logistical support and price risk management of marine and aviation fuel.
The company’s global team of market makers provides deep domain expertise in all aspects of marine and aviation fuel management. World Fuel Services’ aviation customers include commercial, passenger and cargo operators as well as corporate clientele. The company’s marine customers include premier blue-chip companies from all segments of the market. For more information, call (305) 428-8000 or visit www.worldfuel.com.
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With the exception of historical information in this news release, this document includes forward-looking statements that involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results, the management of growth, fluctuations in world oil prices or foreign currency, major changes in political, economic, regulatory, or environmental conditions, the loss of key customers, suppliers or key members of senior management, uninsured losses, competition, credit risk associated with accounts and notes receivable, and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ materially from any forward-looking statements set forth herein.
