Navios Maritime Acquisition Corporation Announces Adrian Wooldridge as Chief Commercial Officer

PIRAEUS, Greece, Nov. 5, 2010 /PRNewswire-FirstCall/ -- Navios Maritime Acquisition Corporation ("Navios Acquisition" or "the Company") (NYSE: NNA) announced today that Mr. Adrian Wooldridge will serve as the Company's Chief Commercial Officer, responsible for all chartering and related commercial activities.

Before joining the Company, Mr. Adrian Wooldridge worked for eight years at various divisions of Shell Oil where he most recently served as Freight Trading Manager for Shell Western Supply & Trading Ltd. in Barbados with overall responsibility for crude and refined petroleum products' trading.  Mr. Wooldridge holds a Master's in Business Administration from Warwick Business School in the UK and a degree from the Royal College of Music in London. He also is a Fellow of the Institute of Chartered Shipbrokers.

"We are pleased Mr. Wooldridge has joined our management team and believe that his 21 years of experience in the tanker sector will be a significant asset as we grow the company," said Ms. Angeliki Frangou, Chairman and CEO of Navios Maritime Acquisition Corporation.

About Navios Maritime Acquisition Corporation

Navios Acquisition is an owner and operator of tanker vessels focusing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.

For more information about Navios Acquisition, please visit our website: http://www.navios-acquisition.com.

Forward Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and Navios Acquisition's growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters.  Words such as "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements.  Such statements include comments regarding expected revenue and time charters. Although the Navios Acquisition believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct.  These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Acquisition.  Actual results may differ materially from those expressed or implied by such forward-looking statements.  Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for tanker vessels, competitive factors in the market in which Navios Acquisition operates; risks associated with operations outside the United States; and other factors listed from time to time in the Navios Acquisition's filings with the Securities and Exchange Commission.  Navios Acquisition 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 Navios Acquisition's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

SOURCE Navios Maritime Acquisition Corporation