Re: [Archport] [Fwd: Odyssey Provides "Black Swan" ShipwreckInformation Update]

["Marta Diaz-Guardamino" <marta_diaz_guardamino@hotmail.com>]

Acho que um nome mais apropiado para a dita empresa seria ..

Odyssey Marine "Expoliation", Inc.

disculpen, mais o tema é demasiado surreal

saludos, marta dg





> From: Luis Sebastião <l.sebastiao@gmail.com>
> To: archport@lserv.ci.uc.pt
> Subject: [Archport] [Fwd: Odyssey Provides "Black Swan" 
> ShipwreckInformation Update]
> Date: Tue, 22 May 2007 00:32:47 +0100
>
> Odyssey Marine Exploration "news"...
>
> Cumprimentos,
> LS
>
> -------- Original Message --------
> Subject: 	Odyssey Provides "Black Swan" Shipwreck Information Update
> Date: 	Mon, 21 May 2007 18:14:54 -0400
> From: 	Odyssey Marine Exploration <ShipwreckUpdate@shipwreck.net>
> Organization: 	Odyssey Marine Exploration
> To:
>
>
> Odyssey Marine Exploration issued the following press release today:
>
> Odyssey Provides "Black Swan" Shipwreck Information Update
>
> Tampa, FL - May 21, 2007- Since the announcement by Odyssey Marine 
> Exploration, Inc. (AMEX:OMR) of the recovery of over 500,000 coins from the 
> shipwreck code-named "Black Swan", intense international media coverage has 
> led to many questions that the Company would like to address.
>
> In addition to the following questions and answers, additional information 
> on the shipwreck can be accessed in the "Black Swan Question and Answer" 
> section of Odyssey's website at www.shipwreck.net, or a copy may be 
> obtained by contacting the Company.
>
> 1. It has been widely reported that this shipwreck could be worth up to 
> $500 million. What is the Company's position on this?
>
> The Company has not estimated the total potential value of the shipwreck, 
> other than to estimate on a preliminary basis a wide range of potential 
> retail prices based on the coins that have been conserved to date.
>
> What we know is that we have recovered over 500,000 silver coins weighing 
> over 17 tons, along with some gold coins and other artifacts. After 
> conservation of the first 6,000 coins, we requested that a numismatist and 
> one of the world's most experienced coin marketers, Nick Bruyer, inspect 
> the coins and provide an opinion of the retail pricing that we could expect 
> from the collection.
>
> Based on Mr. Bruyer's opinion, Odyssey reported that we expected the retail 
> pricing of the silver coins to range from several hundred to four thousand 
> dollars per coin. This wide range of prices would depend on the condition, 
> origin and date of the individual coins. We understand that in a separate 
> interview with a reporter, Mr. Bruyer provided his opinion that the mean 
> retail price of the coins could be approximately $1,000 based on the small 
> sample of coins that he inspected. This was reported as a potential $500 
> million retail value for the coins, which explains where that figure 
> originated.
>
> Odyssey's position is that until all the coins are conserved, documented 
> and graded, it is impossible to know what the entire collection would bring 
> at retail. Based on the coins that have been conserved to date and that he 
> has been able to inspect, we are comfortable with Mr. Bruyer's opinion that 
> coins from the "Black Swan" will bring from several hundred to four 
> thousand dollars per coin retail. These are estimates that could change 
> significantly when the rest of the coins are conserved and do not include 
> the cost of marketing and sales, so actual revenue to Odyssey would be much 
> lower than retail sales prices.
>
> For more information on the marketing and pricing of coins, see questions 
> 2, 8 and 12 in the "Black Swan Q and A".
>
> 2. There have been reports that the "Black Swan" is a number of different 
> shipwrecks, including HMS Sussex and the Merchant Royal. Are any of these 
> reports correct?
>
> We can confirm that the "Black Swan" is not HMS Sussex, and that the "Black 
> Swan" was not found in waters anywhere near the shipwreck believed to be 
> HMS Sussex. Beyond that, we cannot confirm the identity of the shipwreck 
> because we are not certain ourselves. The site is in an area in which a 
> number of Colonial-era Shipwrecks were believed to be lost. The "Black 
> Swan" bears characteristics of one shipwreck in particular, but some of the 
> evidence gathered to date is inconsistent with our research, so we want to 
> be sure of the identity before we announce it.
>
> 3. It has been reported that the Spanish Government is engaging in a 
> "probe" of Odyssey because it is "suspicious" that we have not publicized 
> more information about the shipwreck. Is this true?
>
> We have no knowledge of any such inquiry, and would expect that we would 
> have been the first ones contacted if there was one. In our experience with 
> the Spanish Government, with whom we have had a very cordial relationship 
> for many years, we would have been informed directly or through the US or 
> UK embassy of any outstanding issues relating to Odyssey's operations.
>
> During the past few days, we have also seen many fanciful media reports 
> from Spain with absolutely no substance in reality. Unfortunately, some of 
> these wild allegations would logically cause concern to the Spanish 
> Government. We anticipate presenting the Spanish Government with an 
> official account of our activities in order to assure them that many of 
> these media reports relative to the "Black Swan" are pure fiction.
>
> We have stated clearly that the recovery was conducted in conformity with 
> Salvage Law and the Law of the Sea Convention, beyond the territorial 
> waters or legal jurisdiction of any country. We do not believe that the 
> recovery is subject to sovereign immunity by any nation pursuant to the Law 
> of the Sea Convention.
>
> The coins were brought into the United States with a valid export license 
> granted by the country from which they were exported, and imported legally 
> pursuant to US Law.
>
> There was no point at which any aspect of the "Black Swan" operation was 
> within the jurisdiction of Spanish authorities, and we will be pleased to 
> provide proof of that fact to the Spanish Government if requested 
> officially.
>
> 4. What about the claim that the Spanish Government has now asked the 
> "Guardia Civil" marine patrol to monitor Odyssey's activities?
>
> The Spanish Guardia Civil has always monitored Odyssey's ships in Spanish 
> Territorial waters. When operating in or near Spanish Territorial waters, 
> we report our operational plans and movements to the Guardia Civil marine 
> patrol before we send our ships to sea. They are able to monitor all our 
> activities visibly with their patrol boats and through radar, so it is 
> illogical to suggest that we have conducted any illicit operations in 
> Spanish territorial waters.
>
> 5. What happens, if you finally determine the identity of the "Black Swan" 
> and establish that the UK, Spain, any other country or even individuals may 
> have rights to the shipwreck?
>
> If we are able to confirm that some other entity has a legitimate legal 
> claim to this shipwreck when - and if - the identity is confirmed, we 
> intend to provide legal notice to any and all potential claimants. Even if 
> another entity is able to prove that it has an ownership interest in the 
> shipwreck and/or cargo and that they had not legally abandoned the 
> shipwreck, Odyssey would apply for a salvage award from the Admiralty 
> Court. In cases such as this, salvors are typically awarded up to 90% of 
> the recovery.
>
> We do believe that most shipwrecks that we recover, including the "Black 
> Swan", will likely result in claims by other parties. Many will be spurious 
> claims, but we anticipate that there might be some legitimate ones as well. 
> In the case of the "Black Swan", it is the opinion of our legal counsel 
> that even if a claim is deemed to be legitimate by the courts, Odyssey 
> should still receive title to a significant majority of the recovered 
> goods.
>
> 6. Why is Odyssey being so "secretive" about the "Black Swan?"
>
> Based on past experience with other shipwrecks, we have found that putting 
> out information about the identity of shipwrecks into the public before we 
> are certain of the identity results in wild speculation about values, 
> ownership rights and scores of other issues. We also believe that it would 
> be an added risk factor to disclose the location of the site because we 
> have publicly stated that we have left a large number of artifacts on the 
> site, and the security risk is obvious.
>
> 7. Why haven't you determined the identity of the shipwreck yet? When will 
> you announce the identity?
>
> Determining the identity of a shipwreck is complicated. For example, it 
> would be possible to find a French-built ship, with English cannons, Dutch 
> pottery, Chinese porcelain, Turkish pipes, and Venetian trading beads that 
> had been captured by pirates before it sank. Proving the shipwreck's 
> identity in that case might prove very difficult, if not impossible 
> depending on the research available.
>
> In the best interest of all concerned, we will follow our often-stated 
> policy of announcing what we know about the identity of a shipwreck, only 
> after it's confirmed by research.
>
> 8. There have been reports of a partnership between Odyssey Marine 
> Exploration and the Disney organization. Are these true?
>
> We can confirm that Odyssey and the Disney organization have recently 
> entered into a relationship on a number of projects, and that the two 
> companies are in discussions relative to some new partnership 
> opportunities.
>
> We have immense respect for Disney and believe that a combination of 
> Odyssey's authentic deep-ocean adventures coupled with Disney's 
> story-telling, film-making, television and marketing capabilities will reap 
> benefits for both companies, while providing the public with an 
> unprecedented opportunity to enjoy the thrill of deep-ocean exploration.
>
> About Odyssey Marine Exploration Odyssey Marine Exploration is a Publicly 
> Traded US Company with several shipwreck projects in various stages of 
> development throughout the world. Additional information about Odyssey, the 
> "Black Swan" project, and the Company's other activities is available at 
> www.shipwreck.net.
>
> For additional information, please contact Natja Igney, Odyssey's Manager 
> of Corporate Communications, at 813-876-1776 ext 2553.
>
> # # #
>
> 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 http://www.shipwreck.net
>
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