RMS Titanic, Inc. Announces the Debut of the 'Titanic Experience' in Shanghai, China
July 20 2004 - 1:57PM
PR Newswire (US)
RMS Titanic, Inc. Announces the Debut of the 'Titanic Experience'
in Shanghai, China ATLANTA, July 20 /PRNewswire-FirstCall/ -- RMS
Titanic, Inc. (OTC:SOST) (BULLETIN BOARD: SOST) today announced its
first Chinese license arrangement, which will present an R.M.S.
Titanic Exhibition in Shanghai, China. The Exhibition will debut at
the Oriental Pearl Tower Exhibition Center beginning August 12th
and continuing through October 10th, 2004. The Exhibition was
licensed to International Trade Promotion Corporation, which is
presenting an extraordinary 4,000 square meter (40,000 square feet)
Exhibition that will extend throughout two floors of the Oriental
Pearl Tower Exhibition Center. 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, which have been 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 international presence while continuing to establish new
attendance records. Our partners in China are working diligently to
present an impressive Exhibition at this exciting and famous
Shanghai venue." Geller further added, "With our foreign licensing
strategy, we partner with local market experts and contract for a
fixed based monthly guarantee (including all related expenses)
versus a percentage of the revenues, preventing the Company from
financial exposure." 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
6,000 artifacts. International Trade Promotion Corporation is a
professional exposition company under the Shanghai Foreign Economic
Trade Committee and Shanghai Dong Hao International Service Trade
Corporation Ltd. ITPC is a comprehensive and multi-functional
service trade corporation dealing mainly with expositions as well
as advertising, transportation, import & export trade, and
more. ITPC is also producing the exhibit in conjunction with China
West Entertainment Inc. China West Entertainment's core business is
consultation on the presentation and production of concerts,
exhibitions, and other events throughout China. CWE focuses on
international entertainment, primarily from the USA, and works with
prominent local organizers to create exciting and successful
events. 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; or Investors,
Tony Schor of Investor Awareness Inc., +1-847-945-2222, or ; or
Media, Dan Luther of North Coast Advisors Inc., +1-585-218-7372, or
Web site: http://www.titanic-online.com/
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