ATLANTA, Sept. 15, 2008 (GLOBE NEWSWIRE) -- Premier Exhibitions, Inc. (Nasdaq:PRXI) today announced that it has submitted revised covenants and restrictions in connection with its request for an in specie award for the remaining items of Titanic memorabilia that it does not already have clear ownership. This submission was made pursuant to the order issued by the US District Court in April, 2008 which instructed Premier to submit proposed covenants specifying conditions or limitations to be included in an in specie salvage award, should the court determine that one is appropriate.
As part of developing the revised covenants and restrictions, Premier engaged in consultative discussions with the US Government over the past several months. While there remain a number of unresolved differences, the Company feels the revised covenants and restrictions meet the criteria as previously outlined by the US District Court. At this time there is not a schedule for the Court to address the Company's request for an in specie salvage award.
About Premier Exhibitions, Inc.
Premier Exhibitions, Inc. (Nasdaq:PRXI) is located in Atlanta, GA and is a major provider of museum quality exhibitions throughout the world. The Company is a recognized leader in developing and displaying unique exhibitions for education and entertainment. The Company's exhibitions present unique opportunities to experience compelling stories using authentic objects and artifacts in diverse environments. Exhibitions are presented in museums, exhibition centers and other entertainment venues.
Forward-Looking Statements
Certain of the statements contained in this press release contain 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. Premier Exhibitions 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 contained in this press release may also include statements relating to Premier Exhibitions' anticipated financial performance, business prospects, new developments, new strategies and similar matters. Certain of the factors described in Premier Exhibitions' filings with the Securities and Exchange Commission, including the section of its Annual Report on Form 10-K for the year ended February 28, 2008 entitled "Risk Factors", may affect the future results of Premier Exhibitions and cause those results to differ materially from those expressed in the forward-looking statements. Premier Exhibitions disclaims any obligation to update any of its forward-looking statements, except as may be required by law.