Odyssey Marine on Preliminary Russell 3000, Russell 2000, and Russell Microcap Index Lists; Russell Index Lists to be Formalized June 24th.TAMPA, Fla. -- 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. (AMEX AMEX See: American Stock Exchange :OMR (Optical Mark Reader) A scanner that reads marks on specific areas of the page. See mark sensing. OMR - Optical Mark Reader ), a leader in the field of deep-ocean 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 exploration, has been added to the preliminary lists of companies scheduled to become part of the Russell 3000, the Russell 2000, and the new Russell Microcap Indexes. The lists will be finalized when the Russell Investment Group Russell Investment Group is an investment firm with global reach, providing investment products and services to individuals and institutions in 44 countries. A pioneer in multi-manager investing, and the creator of Russell Indexes, Russell manages more than US$200 billion in assets formally reconstitutes its equity indexes on June 24, 2005. Russell has posted the annual list of preliminary index additions, which include Odyssey Marine Exploration, on www.russell.com. "Being added to the Russell equity indexes is an important milestone for the Company. Russell's unbiased, market-driven analyses for determining eligible stocks for these well-known indexes will enhance the profile of Odyssey Marine in the investment community, allowing us to tell our story to a larger group of investors and broaden our shareholder base. This is an important achievement for Odyssey as we continually strive to increase shareholder value," said John Morris, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Odyssey Marine Exploration. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $2.5 trillion in assets currently are benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index. Annual reconstitution of Russell indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. to create the Russell 3000. About Russell Investment Group Russell, a global leader in multi-manager investment services, provides investment products and services in more than 39 countries. Russell manages more than $135 billion in assets and advises clients worldwide representing $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. For more information, go to www.russell.com. About Odyssey Marine Exploration Odyssey Marine Exploration is an American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. Company with several shipwreck projects in various stages of development throughout the world. Additional information about Odyssey, its projects and methodologies, is available at www.shipwreck.net. For additional information, please contact John McNeilly, Odyssey's Manager of Corporate Communications, at 813-876-1776. |
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