SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
January 31, 2005
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Date of Report (date of earliest event reported)
ODYSSEY MARINE EXPLORATION, INC.
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Exact name of Registrant as Specified in its Charter
NEVADA 1-31895 84-1018684
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State or Other Jurisdiction Commission File IRS Employer Identification
of Incorporation Number Number
5215 West Laurel Street
Tampa, Florida 33607
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Address of Principal Executive Offices, Including Zip Code
(813) 876-1776
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Registrant's Telephone Number, Including Area Code
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On January 31, 2005 Odyssey Marine Exploration, Inc. (the "Company")
entered into two agreements with RBK Architects, Inc., ("RBK") Tampa, Florida,
for the development and fabrication of two traveling exhibits. The exhibits
will showcase the history, personal stories, artifacts, coins and images from
the SS Republic and other shipwrecks. Interactive elements and exhibits will
present the science and technology the Company uses to conduct deep ocean
shipwreck searches and archaeological excavations. Further information about
the exhibits is included in the press release attached as Exhibit 99.1. RBK
has no material relationship with the Company or any of its affiliates.
One of the exhibits will have approximately 5,000 square feet and the
other will have 8,000 square feet. The contract for the 5,000 square foot
exhibit provides for a maximum price of $1,332,000. The contract for the
8,000 square foot exhibit provides for a maximum price of $1,887,000. The
contractual amounts do not include the initial creative and design of the
project concept, video development costs or the fixtures and equipment
necessary after exhibits are installed.
The Company anticipates the funding for these two contracts will come
from bank financing or through revenue generated from the sale of recovered
cargoes. The two exhibits are expected to be completed by mid 2005.
ITEM 7.01 REGULATION FD DISCLOSURE
On February 2, 2005, Odyssey Marine Exploration, Inc. issued a press
release clarifying a media report concerning coin sales. A copy of that press
release is attached as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit is not to be considered "filed" under the
Securities Act of 1934, as amended ("Exchange Act"), and shall not be
incorporated by reference into any of Odyssey Marine Exploration, Inc.'s
previous or future filings under the Securities Act of 1933, as amended, or
the Exchange Act.
(c) EXHIBITS.
99.1 Press Release dated February 2, 2005
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, hereunto duly authorized.
ODYSSEY MARINE EXPLORATION, INC.
Dated: February 4, 2005 By: /s/ Michael J. Holmes
Michael J. Holmes
Chief Financial Officer