Glancy Prongay & Murray LLP Commences Investigation On Behalf Of Top Ships Inc. Investors

Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of Top Ships Inc. ("Top Ships" or the "Company") (NASDAQ: TOPS) investors concerning the Company and its officers' possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Top Ships investigation page on our website at www.glancylaw.com/case/top-ships-inc.

The investigation follows allegations that Top Ships' CEO, Evangelos J. Pistolis, caused the Company to engage in a series of manipulative share issuance and sales transactions with Kalani and related entities. Mr. Pistolis would purportedly cause Top Ships to sell common shares to Kalani at a significant discount compared to market price and would then file registration statements so that Kalani could resale those shares into the market.

If you purchased Top Ships securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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