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September 03, 2015 12:07 PM ET

Hotels, Restaurants and Leisure

Company Overview of RMS Titanic Inc.

Company Overview

RMS Titanic, Inc. engages in developing and touring museum exhibitions. The company operates as the salvor-in-possession of the Titanic wreck. The company was incorporated in 1993 and is based in Atlanta, Georgia. RMS Titanic, Inc. operates as a subsidiary of Premier Exhibitions Inc.

3340 Peachtree Road N.E.

Suite 2250

Atlanta, GA 30326

United States

Founded in 1993

Phone:

404-842-2600

Fax:

404-842-2626

Key Executives for RMS Titanic Inc.

Interim Chief Executive Officer of Premier Exhibitions Inc. and President of Premier Exhibitions Inc.
Age: 55
Collections Manager
Compensation as of Fiscal Year 2015.

RMS Titanic Inc. Key Developments

RMS Titanic, Inc. Enters into Full and General Mutual Release Settlement and Confidentiality Agreement with Seaventures

On April 3, 2015 RMS Titanic Inc. entered into a full and general mutual release settlement and confidentiality agreement with Seaventures, LTD (SV). The agreement settles litigation between the company and SV in the Circuit Court for Orange Country, Florida. The agreement requires RMS Titanic Inc. to pay SV the agreed sum of $425,000, as follows: $75,000 to SV on or before April 10, 2015; $100,000 on or before March 1, 2016; $100,000 on or before March 1, 2017; and $150,000 on or before March 1, 2018. In addition the company must stage at least two Joint Exhibitions with SV within 24 months from the date of execution of the agreement in which SV is entitled to a portion of the net revenues or $1 per ticket sold depending on the location of the exhibition. Each of the parties to the agreement executed mutual general releases.

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