NewLead Holdings Ltd. Announces the Date of Release of First Quarter 2010 Financial Results and Conference Call Information

PIRAEUS, Greece, May 13 /PRNewswire-FirstCall/ -- NewLead Holdings Ltd. (Nasdaq: NEWL) ("NewLead") announces its financial results for the first quarter ended March 31, 2010 are scheduled to be released before the opening of the U.S. financial markets on Thursday, May 20, 2010. That same morning at 8:30 ET, NewLead's senior management will hold a conference call to discuss highlights and details of the first quarter financial results.  

To access the conference call, dial 1 (888) 694-4702 from the US or Canada or 1 (973) 582-2741 from all other locations. The conference ID is 7556 1004.

Following the teleconference, a replay of the call may be accessed by dialing 1 (800) 642-1687 from the US or Canada, or 1 (706) 645-9291 from all other locations. The conference ID is 7556 1004. The replay will be available through June 3, 2010.

The conference call will also be broadcast live over the Internet. To access the live webcast, please go to the Investor Relations tab on the Company's website: www.newleadholdings.com.

About NewLead Holdings Ltd.

NewLead Holdings Ltd. is an international shipping company that owns and operates product tankers and dry bulk vessels. NewLead's common stock is listed on the NASDAQ Global Select Market where it trades under the symbol "NEWL". To learn more about NewLead, please visit its new website at www.newleadholdings.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

This press release includes assumptions, expectations, projections, intentions and beliefs about future events. These statements, as well as words such as "anticipate," "estimate," "project," "plan," and "expect," are intended to be ''forward-looking" statements. We caution that assumptions, expectations, projections, intentions and beliefs about future events may vary from actual results and the differences can be material. Forward-looking statements include, but are not limited to, such matters as future operating or financial results; statements about planned, pending or recent acquisitions and business strategy. The forward-looking statements in this press 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 NewLead 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, NewLead cannot assure you that it will achieve or accomplish these expectations, beliefs or projections described in the forward looking statements. 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 charter rates and vessel values, failure of a seller to deliver one or more vessels, and other factors discussed in NewLead's filings with the U.S. Securities and Exchange Commission from time to time. NewLead 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 NewLead's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

SOURCE NewLead Holdings Ltd.