Marathon Acquisition Corp (MAQ) Comments on Dividend Outlook After Closing Merger with Global Ship Lease

August 14, 2008 10:27 AM EDT

Marathon Acquisition Corp. (AMEX: MAQ) announced the closing of the merger with Global Ship Lease, Inc. Global Ship Lease's common stock, warrants, and units will begin trading on the New York Stock Exchange under the symbol "GSL," "GSL.WS," and "GSL.U," respectively, on Friday, August 15, 2008. Marathon's common stock, warrants, and units will continue to trade on the American Stock Exchange on Thursday, August 14, 2008.

Michael Gross, Chairman and Chief Executive Officer of Marathon, commented, "We are pleased with Global Ship Lease's listing on the New York Stock Exchange and are extremely optimistic about the Company's future prospects. With an experienced management team and strong balance sheet, Global Ship Lease is in a strong position to take advantage of favorable long-term industry fundamentals and meet its growth objectives while providing shareholders with sizeable and growing quarterly dividends."

Marathon Acquisition Corp is a blank check company formed for the purpose of acquiring, through a merger, stock exchange, asset acquisition, reorganization or similar business combination, one or more operating businesses. [SM]

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