Odyssey Marine Expl (AMEX:OMR)
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From Jun 2019 to Jun 2024
Odyssey Marine Exploration (AMEX:OMR), the world's leader in the field
of deep-ocean shipwreck exploration, has been added to the preliminary
list of companies scheduled to constitute part of the Russell 3000 Index.
Final index membership will take effect on Friday, June 22, 2007 and
remain in place for the ensuing 12-month period. Russell has posted the
annual list of preliminary index additions, which include Odyssey Marine
Exploration, on www.russell.com.
"Being included in the Russell equity indexes is a validation of our
continued effort to build shareholder value. Russell's unbiased,
market-driven analyses for determining eligible stocks for these
well-known indexes will give Odyssey Marine Exploration wider exposure
to the investment community, allowing us to reach out to constituencies
who are not yet familiar with our story, and thus to broaden our
shareholder base," said John C. Morris, President and CEO of Odyssey
Marine Exploration.
The annual reconstitution of Russell's U.S. indexes captures the 4,000
largest U.S. stocks at the end of May, ranking them by market
capitalization. After the new banding rules are applied, the largest
1,000 companies in the ranking comprise the large-cap Russell 1000,
while the following 2,000 companies comprise the small-cap Russell 2000
and the bottom 2,000 stocks move into the Russell Microcap.
For additional information, please contact Natja Igney, Odyssey's
Manager of Corporate Communications, at 813-876-1776 ext 2553.
About Russell:
Russell Investment Group aims to improve financial security for people
by providing strategic advice, world-class implementation,
state-of-the-art performance benchmarks and a range of
institutional-quality investment products. With more than $200 billion
in assets under management, Russell serves individual, institutional and
advisor clients in more than 40 countries. Russell provides access to
some of the world's best money managers. It helps investors put this
access to work in corporate defined benefit and defined contribution
plans, and in the life savings of individual investors.
Founded in 1936, Russell is a subsidiary of Northwestern Mutual Life
Insurance Company and headquartered in Tacoma, Wash. Russell has
principal offices in Amsterdam, Auckland, Hong Kong, Johannesburg,
London, Melbourne, New York, Paris, San Francisco, Singapore, Sydney,
Tokyo and Toronto.
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 SS Republic
shipwreck, the "Black Swan" project, and the Company's other
activities is available at www.shipwreck.net.
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.