Titanic Expedition 2004 Yields Rare Artifacts
September 20 2004 - 3:13PM
PR Newswire (US)
Titanic Expedition 2004 Yields Rare Artifacts ATLANTA, Sept. 20
/PRNewswire-FirstCall/ -- RMS Titanic, Inc. (OTC:SOST) (BULLETIN
BOARD: SOST) today announced the completion of its seventh research
and recovery expedition that rescued over 75 important historic
artifacts from the Titanic wreck-site. The Company will continue
its recovery work by planning future expeditions to the Titanic
wreck site as it intends to maintain its sole and exclusive rights
as Salvor-in-Possession as ordered by the U.S. Federal District
Court. Expedition 2004 departed from Halifax, Nova Scotia, Canada
on August 25, 2004 and for the first time allowed the Company to
rely exclusively on a deep ocean Remotely Operated Vehicle (ROV)
that permitted the expedition to utilize round-the-clock underwater
operations. The mission objectives for Expedition 2004, in addition
to recovering important historical objects and identifying
artifacts for future recovery, were to inspect the wreck-site for
alleged harm caused by previous visitors and, if necessary, the
Company would establish guidelines for future visitation. Arnie
Geller, Expedition Leader and Company President said, "I am pleased
to report that Expedition 2004 accomplished all of its objectives
in addition to discovering a new debris field where remnants of the
First Class A la Carte Restaurant were found. As a result, several
important artifacts were located and those rescued will certainly
fascinate visitors attending the Company's public exhibition
program." RMS Titanic, Inc. 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 seven
research and recovery expeditions to the Titanic wreck-site and
recovered approximately 6,000 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 29, 2004, 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 as a result
of terrorist attacks, competition from others, how much capital the
Company may receive or may not receive from required financings and
whether or not the Company consummates its planned leases to place
the exhibits. 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 ; 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/
Copyright