Odyssey Marine Exploration issued the following press release today:
Odyssey Marine Exploration Announces Move To The NASDAQ Stock Market
TAMPA, FL - June 28, 2007 - Odyssey Marine Exploration, Inc. (currently
AMEX:OMR), the world leader in the field of deep-ocean shipwreck exploration,
announced today that its application for listing its common stock on The NASDAQ
Stock Market LLC? has been approved, and the transfer of trading from the
American Stock Exchange to NASDAQ will become effective on or about July 10,
2007. Odyssey Marine Exploration will trade under the symbol NASDAQ:OMEX.
"This decision was reached after careful consideration of capital market
alternatives and analysis of the electronic market model, which provides added
visibility to our investors," said John C. Morris, Odyssey Marine Exploration
CEO and co-founder. "We believe that NASDAQ's electronic multiple market maker
structure will provide Odyssey with enhanced exposure and liquidity, while at
the same time providing investors with the best prices, the fastest execution, and the lowest cost per trade. We
feel the move to NASDAQ is an important step towards future growth of the
Company."
About NASDAQ?
NASDAQ? is the largest U.S. electronic stock market. With approximately 3,200
companies, it lists more companies and, on average, its systems trade more
shares per day than any other U.S. market. NASDAQ is home to companies that are
leaders across all areas of business including technology, retail,
communications, financial services, transportation, media and biotechnology.
NASDAQ is the primary market for trading NASDAQ-listed stocks. For more
information about NASDAQ, visit the NASDAQ Web site at
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the NASDAQ NewsroomSM
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About Odyssey Marine Exploration
Odyssey Marine Exploration, Inc. is engaged in the exploration 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.
The Company recovered more than 51,000 silver and gold coins from the shipwreck
of the SS Republic at a depth of approximately 1700 feet. On May 18, 2007,
Odyssey announced the discovery and recovery of more than 500,000 coins from a
Colonial era site in the Atlantic Ocean code-named "Black Swan". Odyssey has
several other shipwreck projects in various stages of development around the
world and recently opened a shipwreck exhibit at Tampa's Museum of Science and
Industry called SHIPWRECK! Pirates & Treasure.
Additional information about Odyssey, the SS Republic shipwreck, the "Black
Swan" project and the company's other activities is available at
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www.shipwreck.net
# # #
Odyssey Marine Exploration believes the information set forth in this Press
Release may include "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that
could cause results to differ materially from those projected in the forward-looking
statements are set forth in "Risk Factors" in the Part I, Item 1A of the
Company's Annual Report on Form 10-K for the year ended December 31, 2006, which
has been filed with the Securities and Exchange Commission.
Odyssey Marine Exploration
P.O. Box 320057
Tampa, FL 33679-2057
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