Before making any investment decisions, you should read Odyssey's SEC filings, recent press releases and risk factors. You can access all of this information through links at the following web page .

HOW MANY SHARES ARE ISSUED AND OUTSTANDING?

On March 31, 2007, 46,897,833 issued and outstanding.

HOW WILL ODYSSEY GENERATE REVENUE?

In the long term, we expect to derive substantially all of our revenue through the sale and/or display of shipwreck cargoes and artifacts, including replicas, and through the operation of exhibits and/or themed attractions.

WHERE CAN I FIND MORE INFORMATION ABOUT YOUR BUSINESS PLAN?

The "company" section of our website has a company overview, an explanation of how we find and recover shipwrecks and how we plan to market shipwreck projects. Information about Odyssey's current status and future plans is also available as part of our 10KSB and 10QSB filings with the Securities and Exchange Commission.

HOW CAN I ACCESS YOUR S.E.C. FILINGS?

You can read any of our SEC filings for free on the Edgar database on the SEC website (www.sec.gov) - or you can follow this link to our filings from our website

If you would like a hard copy of our 10KSB and current 10QSBs, click here and we will mail them to you.

WHERE CAN I FIND EARNINGS INFORMATION?

In May, 2004, Odyssey began to generate its first significant revenues. Estimated revenue and earnings for each quarter will be released as soon as the finance department can close the books for the quarter. These estimates can be found in the press release archive. Final quarterly results will be issued in quarterly reports and the annual report.

WHEN WILL YOUR QUARTERLY AND ANNUAL REPORTS BE RELEASED?

Odyssey recently moved to a calendar fiscal year from a fiscal year that began March 1, 2004. Upcoming reports will be issued as follows:

• Annual report - 10KSB (covering March 1 - December 31, 2004) will be filed within 90 days of the end of the quarter/year.
  
• 1st Quarter (January 1, - March 31, 2005) will be filed within 40 days of the end of the quarter
  
• 2nd Quarter (April 1 - June 30, 2005) will be filed within 40 days of the end of the quarter
  
• 3rd Quarter (July 1- September 30, 2005) will be filed within 40 days of the end of the quarter
  

WHY DON'T YOU PUT OUT MORE PRESS RELEASES?

It is VERY important to us to share the excitement and adventure of being involved in this company. We love what we do and we enjoy sharing it, but never want to be perceived as "hyping" our stock. The success of Odyssey is going to be based on solid execution of our long term business plan, and delivery of a steady stream of increased earnings, not a steady stream of announcements of marginal news. We are exploring different ways of communicating, but we will always be conscious of the SEC's rule FD which governs all our releases of information.

When we write our Annual or Quarterly reports, we will provide updates to our business plan or activities so that readers will have a baseline understanding of our normal course of business.

The information that we put out in press releases is not meant to provide a constant stream of information about our normal operations. We will only issue press releases when there has been a significant event, a material change from our normal operations or an alteration to our plans as explained in our Annual and Quarterly reports.

Mining companies and Oil companies do not typically provide daily or weekly updates on their production, or when there are temporary equipment problems that are considered normal. Now that we have proven the effectiveness of our technology for both search and recovery operations, we do not intend to issue a press release for everything that happens in the normal course of operations in the deep ocean.

WHO GETS COINS AND OTHER MATERIALS FROM THE SS REPUBLIC SHIPWRECK?

Odyssey has been awarded title and ownership to the SS Republic shipwreck and cargo, including the hull, artifacts and the specie that was on board when she sank. Materials recovered from the shipwreck become company assets. When any materials are sold, the sale price is recorded as revenue to the company.

WILL ALL OF THE COINS AND ARTIFACTS FROM THE REPUBLIC SITE BE SOLD?

No. Odyssey will keep a collection of coins for study and display in company owned attractions and exhibits. Other cargo (bottles) may be sold after keeping a representative sample for study and exhibit. Other artifacts will not be sold, but will become a part of the Odyssey artifact collection and will be exhibited to the public and available for study.

HOW MUCH IS THE SS REPUBLIC SHIPWRECK WORTH?

Through August 20, 2004, more than 51,000 coins have been recovered including $20.00 Double Eagles, $10.00 Eagles, Half Dollars and Quarter Dollars. According to John Albanese, Numismatic Marketing Strategist for Odyssey, the retail value of coins recovered through July 15, 2004 should exceed $75 million dollars. *

The Odyssey team has excavated approximately 75% of the SS Republic shipwreck site. More information on the excavation status is available in the Odyssey Update. The face value of recovered coins represents approximately 25% of the "$400,000 in specie" (face value in 1865) that historical research indicates was on board the Republic when she sank. Odyssey is now searching for additional deposits of coins, but the site is being excavated in a systematic fashion, so areas that may potentially hold the remaining coins may not be reached until further into the excavation.

The total value of the SS Republic shipwreck can not be estimated until further excavation and recovery has been completed.

DO SHAREHOLDERS GET A DISCOUNT ON COINS FOR SALE?

At this time, there are no discounts on coins. It is not fair to the shareholder that does not want a coin to give a discount to a shareholder that does. It lowers the net income to the company, so it impacts all the shareholders whether they wanted a coin or not.

WHAT OTHER PROJECTS ARE IN YOUR PIPELINE?

We plan to begin the archaeological excavation of the British warship, HMS Sussex, this year. A partnering agreement has been signed with the government of the United Kingdom for this shipwreck. We believe that we have already located this shipwreck and have conducted a preliminary archaeological survey of the site. The excavation will be the deepest archaeological excavation of a shipwreck ever undertaken.

Odyssey also owns the title to two unidentified shipwrecks that were discovered during the Republic search and has located 5 ancient shipwreck sites. Our search vessel, RV Odyssey is currently out searching for additional shipwrecks and we have more than a dozen additional projects that are ready to enter the search phase.

HOW DO YOU CHOOSE SHIPWRECK PROJECTS?

Since 1994, we have spent much of our time conducting research in an attempt to identify shipwreck projects that meet the following criteria:

• The shipwreck must be in deep water, thereby minimizing the possibility that it has been broken up and covered by shifting sands or the object of previous recovery efforts.
  
  
• The research must indicate that the shipwreck was carrying enough intrinsically valuable cargo to pay for the high cost associated with deep-ocean archaeological recovery, and to provide an attractive return for our investors and shareholders.
  
  
• The research must provide good navigational information concerning the sinking location in order to minimize the search area and provide a reasonable expectation that the wreck can be found.
  
  
• The issues relating to ownership of the shipwreck and its cargo must be resolved or reasonably predictable prior to beginning any recovery in order to minimize potential for litigation.

WHAT SHIPWRECKS ARE YOU CURRENTLY SEARCHING FOR?

In order to protect the identities of our current projects we have decided not to release information relating to our search targets until we have located the targeted vessel(s) and determined a course of action to protect our property rights.

Additional SS Republic FAQs