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Corporate Profile for Odyssey Marine Exploration Inc., dated May 29, 1998.


--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-

Published Date:   May 29, 1998

Company Name:     Odyssey Marine Exploration Inc.

Address:          3507 Frontage Road #100
                  Tampa, FL 33607

Main Telephone
 Number:          813/282-0855

Internet Home
 Page Address
  (URL):          www.shipwreck.net

President and
 Co-founder:      John C. Morris

Vice President
 and Co-founder:  Greg Stemm

Investor Relations
 Contact:         John C. Morris
 Business number: 813/282-0855 ext. 54
 e-mail address:  jcmorris@shipwreck.net

Public/Media
 Relations
 Contact:         Laura Lionetti Barton
 Business number: 813/282-0855 ext. 57
 e-mail address:  llb@shipwreck.net

Trading Symbol/
 Exchange:        OMEX/OTC BULLETIN BOARD

Industry:         Deep-ocean commercial shipwreck archaeology



Company description: Odyssey Marine Exploration Odyssey Marine Exploration, Inc. is engaged in the salvage of deep-water shipwrecks and uses innovative methods and state-of-the-art technology to conduct extensive deep-ocean search and recovery operations around the world.  Inc. (www.shipwreck shipwreck, complete or partial destruction of a vessel as a result of collision, fire, grounding, storm, explosion, or other mishap. In the ancient world sea travel was hazardous, but in modern times the number of shipwrecks due to nonhostile causes has steadily .net) specializes in researching, permitting, financing and marketing deep-ocean commercial shipwreck archaeology archaeology (ärkēŏl`əjē) [Gr.,=study of beginnings], a branch of anthropology that seeks to document and explain continuity and change and similarities and differences among human cultures.  projects on a worldwide basis. Led by industry pioneers John Morris and Greg Stemm, the company combines cutting edge technology with extensive research and sound archaeological practices.

Prior to the creation of Odyssey Odyssey (ŏd`ĭsē): see Homer.

Odyssey

Homer’s long, narrative poem centered on Odysseus. [Gk. Lit.: Odyssey]

See : Epic


Odyssey
, Morris and Stemm became well-known as trailblazers in the shipwreck recovery industry for the following reasons:

-- They were founders of the first (and still the only) company in the world to ever successfully complete a deep ocean historical archaeological excavation.

-- They ran the first offshore operation to successfully find and recover Colonial shipwrecks This list of shipwrecks is of those ships whose have been located. Africa
East Africa
  • Globe Star grounded off Mombasa, Kenya in April 1973
  • H.M.S.
 in deep water.

-- They managed the first "for-profit" shipwreck company to develop a close and mutually beneficial Adj. 1. mutually beneficial - mutually dependent
interdependent, mutualist

dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture"
 relationship with the archaeological community.

-- They have developed an extensive pool of researchers as well as political and technological affiliations in the shipwreck business throughout the world.

-- They have been leaders in the establishment of the Professional Shipwreck Explorers Association, a non-profit group comprised of the world's foremost shipwreck explorers. Greg Stemm is currently a director and the international president of the organization.

The company currently has several shipwreck projects in various stages of development throughout the world.

Odyssey maintains a web site (www.shipwreck.net) that includes company background information, current project updates, shipwreck research aids including a dictionary of Colonial Spanish The Colonial Spanish is a horse breed descended from the original Spanish stock brought to the Americas. The breed encompasses many strains found in North America. Its status is considered critical and the horses are registered by several authorities.  Nautical nau·ti·cal  
adj.
Of, relating to, or characteristic of ships, shipping, sailors, or navigation on a body of water.



[From Latin nauticus, from Greek nautikos, from
 and Shipwreck Terms, press release and newsletter archives, video clips A short video presentation.  and other interesting features.

CONTACT: Odyssey Marine Exploration Inc., 813/282-0855
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 29, 1998
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