RMS Titanic Historic Artifacts and Treasures Draws Capacity Crowds and Million Dollar Revenues From Chicago and Dallas
88 Years After April Disaster New Management Team On Track
Monday April 3, 7:04 am Eastern Time
Company Press Release
NEW YORK--(BUSINESS WIRE)--April 3, 2000-- RMS Titanic, Inc. (OTCBB:SOST - news), under its new management team, today announced record daily attendance figures at the world's largest exhibition of Titanic artifacts, produced by SFX Family Entertainment (NYSE:SFX - news), which recently opened in Chicago and Dallas.
According to RMS Titanic Inc's C.O.O. and Director of Exhibitions G. Michael Harris, ``With our new management team in place, our primary goal as a public company is to increase shareholder value. That's why I'm very excited to announce that both Chicago and Dallas attendance figures have exceeded our wildest expectations. Chicago has hit sold-out capacity of 5,000 people per day on numerous occasions, with first five weeks attendance figures totaling over 126,746 patrons for a gross dollar gate of $1,014.00 at an average price of $8.00 per head. The first three weeks in Dallas has seen an attendance of 57,033 totaling over $760,000.'
The Chicago Titanic Exhibition, which opened February 18, 2000, at the Museum of Science and Industry, features the ``Big Piece' -- a 20-ton, 26 foot by 20 foot section of outer hull -- that was recovered from the debris field surrounding Titanic's wreck during RMS Titanic, Inc.'s August 1998 expedition. The exhibition at Dallas' Fair Park, which opened March 4, 2000, features the original bronze cherub, from the ship's grand staircase. Both exhibits contains hundreds of other artifacts, salvaged from the Titanic's wreck site, two and 1/2 miles below the North Atlantic.
``Titanic: The Exhibition' brings back to life the unforgettable tale of the world's most famous maritime disaster, from the grandeur and spectacle of her design, to the personal stories of her passengers, to the tragic night of April 14, 1912, and to her subsequent discovery and the recovery of her artifacts on the ocean floor.
The efforts of RMS Titanic, Inc., (OTCBB: SOST - news) in its exclusive capacity as salvor-in-possession of the Titanic wreck, protects and preserves the value and assets of the historic vessel and prevents plundering of the wreck site by others. In a June 1998 ruling, the Court commended the company for ``maximizing the wreck's historical value and returning the wreck's artifacts to society for the general use and education of all mankind.' During the years 1998, 1996, 1994, 1993 and 1987, research and recovery expeditions conducted by RMS Titanic, Inc. have recovered in excess of 5,000 artifacts from the Titanic wreck site.
More than 4,000,000 people have attended exhibitions of the company's Titanic artifacts throughout the world, in locations such as Las Vegas; Toronto; St. Paul, Minnesota; Zurich, Switzerland; Tokyo (and other cities in Japan); Boston, Massachusetts; Hamburg, Germany; St. Petersburg, Florida; Memphis, Tennessee, Long Beach, California and at the National Maritime Museum in Greenwich, England. More information about RMS Titanic, Inc. is available at its web site at www.titanic-online.com.
Certain statements and information in this release with regard to RMS Titanic (OTCBB:SOST - news) constitute ``forward-thinking statements' and are made pursuant to the safe harbor provisions of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied.
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