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GRUPO TMM ANNOUNCES PURCHASE OF NEW ANCHOR HANDLER TUG SUPPLY VESSEL
(Mexico City, September 27, 2006) – Grupo TMM, S.A. (NYSE: TMM and BMV: TMM A; “TMM” or the “Company”), a Mexican multimodal transportation and logistics company, announced today it has closed the purchase and taken delivery of a new anchor handler tug supply vessel (“AHTS”), which the Company had previously announced on its second quarter conference call. The AHTS is a newly built 150-ton bollard pull anchor handler. The purchase price of the vessel was $30.7 million, of which $25.4 million was financed. Javier Segovia, president of Grupo TMM said, “During 2006, the Company has significantly increased its owned offshore fleet, reducing the operating cost and at the same time building equity in these vessels. The Company’s offshore fleet in now comprised of 24 vessels working to support the increasing demand of offshore exploration and production activities in the Gulf of Mexico under the umbrella of Mexico’s Navigation Law.” Headquartered in Mexico City, TMM is a Mexican multimodal transportation Company. Through its branch offices and network of subsidiary companies, TMM provides a dynamic combination of ocean and land transportation services. Visit TMM’s web site at www.grupotmm.com. The site offers Spanish/English language options.
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| Included in this press release are certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; risks associated with the Company's reorganization and restructuring; the ability of the Company to reduce corporate overhead costs; the ability of management to manage growth and successfully compete in new businesses; and the ability of the Company to restructure or refinance its indebtedness. These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission. |
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