International Shipping Enterprises, Inc. to Hold Investor Conference Call Providing Business Update

International Shipping Enterprises, Inc. to Hold Investor
Conference Call Providing Business Update 


NEW YORK, May 27  /PRNewswire-FirstCall/ -- International Shipping Enterprises,
Inc. ("ISE") (OTC:ISHPU.OBOTC:ISHP.OBOTC:ISHPW.OB) (BULLETIN BOARD: ISHPU.OB,
ISHP.OB, ISHPW.OB)  announced today that it would hold a conference call on
Tuesday, May 31, 2005 at 8:30 am ET, at which time, Angeliki Frangou, Chairman,
President and CEO of ISE, will provide highlights of the first quarter 2005
operating results from Navios Maritime Holdings Inc. ("Navios"), and will
update the investment community on the status of the previously announced
definitive stock purchase agreement between Navios and ISE, as well as on the
pre-effective amendment no. 1 to Form S-4 filed with the SEC on May 27, 2005.

  The conference call details are as follows:

  Call Date/Time: Tuesday, May 31, 2005; 8:30 am (ET)

  Call Title: International Shipping Enterprises Conference Call

  US Dial In: 1-800-309-9171

  International Dial In: 706-643-3639

  Confirmation Call Number: 6636807

  This call will be simultaneously Web cast at the following Web address:
  http://phx.corporate-ir.net/playerlink.zhtml?c=187110&s=wm&e=1076989

  International Shipping Enterprises, Inc.


ISE is a Delaware corporation formed to serve as a vehicle for the acquisition
of an operating business or vessels in the dry bulk sector of the shipping
industry. ISE's initial business combination must be with a target whose fair
market value is at least equal to 80% of net assets at the time of such
acquisition.

Safe Harbor

This news release may contain forward-looking statements. Such statements are
valid only as of today, and we disclaim any obligation to update this
information. These statements, which include, but are not limited to, the
successful completion of a proposed transaction and the benefits expected to be
derived therefrom, are subject to known and unknown risks and uncertainties
that may cause actual future experience and results to differ materially from
the statements made. These statements are based on our current beliefs and
expectations as to such future outcomes.

   Public & Investor Relations Contact:
   International Shipping Enterprises, Inc.
   Investor Relations
   212-279-8820
   

DATASOURCE: International Shipping Enterprises, Inc.



CONTACT:  Investor Relations, [phone],  

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