| Business Summary | | Odyssey
Marine
Exploration,
Inc.
is
engaged
in
the
business
of
conducting
archaeologically
sensitive
recoveries
of
cargo
and
artifacts
from
various
shipwrecks.
The
Company
plans
to
produce
revenue
by
exhibiting
the
artifacts
and
selling
merchandise
consisting
of
certain
cargoes,
replicas
of
the
artifacts
and
general
merchandise
relating
to
the
specific
shipwrecks
or
the
shipwreck
business
in
general.
In
addition,
the
Company
plans
to
produce
revenue
in
the
form
of
project
sponsorships
and
through
the
sale
of
intellectual
property
rights.
The
Company
has
one
wholly
owned
subsidiary,
Odyssey
Marine,
Inc.,
and
is
involved
in
three
shipwreck
projects:
the
Cambridge
Project,
the
Republic
Project
and
the
Concepcion
Project. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Odyssey
Marine
Exploration
is
engaged
in
the
business
of
conducting
archaeologically
sensitive
recoveries
of
cargoes
and
artifacts
from
various
shipwrecks
and
generates
revenues
by
exhibiting
the
artificats
and
selling
related
merchandise.
For
the
three
months
ended
5/31/01,
the
Company
reported
no
revenue.
Net
loss
totaled
$593
thousand,
up
from
$117
thousand.
Higher
loss
reflects
costs
related
to
the
search
for
the
vessel
Cambridge
off
of
Spain. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| James MacDougald, 57 Chairman | -- | John Morris, 52 Pres,
Director | $239K | Gregory Stemm, 44 Vice-Pres
of Research & Operations, Director | 239K | David Morris, 50 Sec.
and Treasurer | 171K | Dollar amounts are as of 28-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|