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PIRAEUS, Greece, Dec. 16 /PRNewswire-FirstCall/ -- Navios Maritime Holdings Inc. ("Navios") (Nasdaq: BULK, BULKU, BULKW), one of the leading global brands in dry bulk shipping, today announced that its warrants will become exercisable upon the effectiveness of the F-1 registration statement filed on November 2, 2005 for that purpose. Upon the effectiveness of the registration statement, Navios will issue a press release.

About Navios Maritime Holdings Inc.

Navios Maritime Holdings, Inc. is one of the leading global brands in seaborne dry bulk shipping and is a trusted partner for industrial end users, shipowners, financial business partners, agents and brokers. As a public company, Navios is committed to providing best-in-class service to both customers and business partners. Navios maintains offices in South Norwalk, Connecticut; Piraeus, Greece, and Montevideo, Uruguay. Navios's stock is listed on the NASDAQ's National Market System where its Units, Common Shares and Warrants trade under the symbols "BULK", "BULKU", "BULKW." Risks and uncertainties are described in reports filed by Navios Maritime Holdings Inc. with the United States Securities and Exchange Commission.

Safe Harbor

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Maritime Holdings Inc. (Navios). Forward looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Navios's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The information set forth herein should be read in light of such risks. Navios does not assume any obligation to update the information contained in this press release.

    Public & Investor Relations Contact:
    Navios Maritime Holdings Inc.
    Investor Relations
    212-279-8820
    investors@navios.com


SOURCE  Navios Maritime Holdings Inc.
    -0-                             12/16/2005
    /CONTACT:  Investors: Navios Maritime Holdings Inc., +1-212-279-8820,
investors@navios.com /
    (BULK BULKU BULKW)

CO:  Navios Maritime Holdings Inc.
ST:  Greece
IN:  MAR
SU:

KO-JC
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8249 12/16/2005 08:00 EST http://www.prnewswire.com