Oceanaut, Inc. Postpones Date for Special Meeting for Shareholder Approval to Liquidate and Dissolve

Athens, Greece – February 27, 2009 – Oceanaut, Inc., (AMEX: OKN; OKN.U; OKN.WS; the “Company” or “Oceanaut”) announced today that its board of directors has decided to postpone the special meeting of Oceanaut’s shareholders to vote on a plan of liquidation and dissolution of the Company, originally scheduled for March 16, 2009, to April 6, 2009. The record date for the special meeting is still February 27, 2009.

The Company intends to prepare and file with the Securities and Exchange Commission for mailing to its shareholders, as soon as practicable, a definitive proxy statement seeking approval to effect the orderly liquidation and dissolution of the Company.

About Oceanaut, Inc.
Oceanaut, Inc. (AMEX: OKN; OKN.U; OKN.WS) is a blank check company formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination, vessels or one or more operating businesses in the shipping industry.

Oceanaut Inc.