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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