RMS Titanic, Inc. Announces the Debut of the 'Titanic Experience' in Shanghai, China
RMS Titanic, Inc. (BULLETIN BOARD: SOST) today announced its first Chinese license arrangement, which will present an R.M.S. Titanic Exhibition in Shanghai, China. The Exhibition will debut at the Oriental Pearl Tower Exhibition Center beginning August 12th and continuing through October 10th, 2004. The Exhibition was licensed to International Trade Promotion Corporation, which is presenting an extraordinary 4,000 square meter (40,000 square feet) Exhibition that will extend throughout two floors of the Oriental Pearl Tower Exhibition Center.
This blockbuster Exhibition will take visitors on a chronological journey through the story of the Titanic. From construction of the legendary ship to life onboard, the Company authentically recreates many areas of the ship complete with real artifacts, which have been recovered from the wreck site at a depth of 12,500 feet.
Arnie Geller, President of RMS Titanic, Inc., said, “It’s an exciting time for us as we aggressively expand our international presence while continuing to establish new attendance records. Our partners in China are working diligently to present an impressive Exhibition at this exciting and famous Shanghai venue.” Geller further added, “With our foreign licensing strategy, we partner with local market experts and contract for a fixed based monthly guarantee (including all related expenses) versus a percentage of the revenues, preventing the Company from financial exposure.”
RMS Titanic, Inc. is in the business of touring multiple Titanic exhibitions of museum quality throughout the world. The Company is developing new exhibitions enabling the Company to leverage its business relationships and expertise. The Company 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 six research and recovery expeditions to the Titanic wreck site recovering approximately 6,000 artifacts.
International Trade Promotion Corporation is a professional exposition company under the Shanghai Foreign Economic Trade Committee and Shanghai Dong Hao International Service Trade Corporation Ltd. ITPC is a comprehensive and multi-functional service trade corporation dealing mainly with expositions as well as advertising, transportation, import & export trade, and more. ITPC is also producing the exhibit in conjunction with China West Entertainment Inc. China West Entertainment’s core business is consultation on the presentation and production of concerts, exhibitions, and other events throughout China. CWE focuses on international entertainment, primarily from the USA, and works with prominent local organizers to create exciting and successful events.
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 28, 2003, 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 terrorist attacks, competition from others, how much capital the Company may or may not receive from required financings, and whether or not, and to what extent, the Company consummates its planned leases to place exhibitions. We disclaim any obligation to update these forward- looking statements.
BeaBroda.com – your news source for the travel and tourism industry.