ATHENS, Greece, March 15, 2017 (GLOBE NEWSWIRE) -- TOP Ships Inc. (Nasdaq:TOPS) (“Top Ships” or the “Company”),
an international owner and operator of modern, fuel efficient “ECO” MR tanker vessels focusing on the transportation of petroleum
products, announced today that its annual report on Form 20-F for the year ended December 31, 2016 (the “Annual Report”) has been
filed with the U.S. Securities and Exchange Commission (the “Commission”). The Annual Report may be accessed through the Company’s
website, www.topships.org, or on the website of the Commission,
www.sec.gov.
Shareholders may also request a hard copy of the Annual Report, which includes the Company’s complete 2016
audited financial statements, free of charge by contacting the Company at the address below.
About TOP Ships Inc.
TOP Ships Inc. is an international ship-owning company. For more information about TOP Ships Inc., visit
its website: www.topships.org. The information contained on the
Company’s website does not constitute a part of this press release.
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to
provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements
of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe,"
"anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect" "pending" and similar
expressions identify forward-looking statements. 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, our management's examination
of historical operating trends, data contained in our records and other data available from third parties. Although we believe 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, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections.
Contacts: Alexandros Tsirikos Chief Financial Officer TOP Ships Inc. 1, Vassilissis Sofias Str. & Meg. Alexandrou Str. 151 24, Maroussi, Greece Tel: +30 210 812 8180 Email: atsirikos@topships.org
