RMS Titanic, Inc. Debuts in Salt Lake City
May 21 2004 - 9:00AM
PR Newswire (US)
RMS Titanic, Inc. Debuts in Salt Lake City ATLANTA, May 21
/PRNewswire-FirstCall/ -- RMS Titanic, Inc. (BULLETIN BOARD: SOST)
who recently disclosed its plans to take-over Titanic Exhibition
operations from Clear Channel Communications, Inc. (CCU) announced
today the launch of Titanic: The Artifact Exhibition to debut at
the Utah Museum of Natural History, The Annex at the ZCMI Center on
May 29, 2004 and runs through January 8, 2005. This blockbuster
exhibition will take visitors on a chronological journey through
the story of the Titanic. From construction of the legendary ship
to life onboard, the Company authentically recreates many areas of
the ship complete with real artifacts recovered from the wreck site
at a depth of 12,500 feet. Arnie Geller, President of RMS Titanic,
Inc. said, "It's an exciting time for us as we aggressively expand
our Exhibition Division while expecting to break attendance records
with our five Titanic Exhibitions in the United States and in
foreign markets." Geller further added, "With our developing plans
for new exhibitions, coupled with the direction of our recently
expanded managerial team, we expect to see improved fiscal
performance over the coming year." RMS Titanic, Inc. is in the
business of touring multiple Titanic exhibitions of museum quality
throughout the world. The Company is developing new exhibitions
enabling the Company to leverage its business relationships and
expertise. The Company is the only company permitted by law to
recover objects from the wreck of the Titanic. The Company was
granted salvor-in- possession rights to the wreck of the Titanic by
a United States Federal Court in 1994 and has conducted six
research and recovery expeditions to the Titanic wreck site
recovering approximately 6000 artifacts. Certain of the above
statements contained in this press release are forward-looking
statements that involve a number of risks and uncertainties. Such
forward-looking statements are within the meaning of that term in
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. The Company
has based these forward-looking statements on its current
expectations and projections about future events, based on the
information currently available to it. The forward-looking
statements include statements relating to the Company's anticipated
financial performance, business prospects, new developments, new
strategies and similar matters. The following important factors, in
addition to those described in the Company's filings with the
Securities and Exchange Commission, including its Annual Report on
Form 10-K for the year ended February 28, 2003, especially in the
Risk Factors and the Management's Discussion and Analysis sections,
and its Quarterly Reports on Form 10-Q and its Current Reports on
Form 8-K (each of which is available upon request from the
Company), may affect the future results of the Company and cause
those results to differ materially from those expressed in the
forward-looking statements; material adverse changes in the
economic conditions in the Company's markets, including terrorist
attacks, competition from others, how much capital the Company may
or may not receive from required financings, and whether or not,
and to what extent, the Company consummates its planned leases to
place exhibitions. We disclaim any obligation to update these
forward- looking statements. For additional Information: Company:
Gerald Couture, CFO, 404-842-2600 Investor Relations: Investor
Awareness Inc: Tony Schor, 847-945-2222, Media Relations: North
Coast Advisors Inc.: Dan Luther, 585-218-7372 DATASOURCE: RMS
Titanic, Inc. CONTACT: Gerald Couture, CFO of RMS Titanic, Inc.,
+1-404-842-2600; Investor Relations, Tony Schor of Investor
Awareness Inc, +1-847-945-2222,or ; Media Relations, North Coast
Advisors Inc., Dan Luther, +1-585-218-7372, or Web site:
http://www.titanic-online.com/
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