Greg Stemm was co-founder and is currently director of operations for Odyssey Marine Exploration, a public company engaged in the exploration and archaeological excavation of deep ocean shipwrecks. He has been a pioneer in the emerging field of deep ocean exploration and has played a primary role in the development of new technologies and the development of private sector standards for underwater cultural heritage resource management.

Stemm was responsible for directing the archaeological team and operations that accomplished the world's first complete remote robotic archeological excavation, on a Colonial Spanish shipwreck in a depth of 1,500 feet. The two year operation resulted in the excavation of 17,000 artifacts to precise scientific standards, and still stands as the deepest complete archaeological excavation ever accomplished. He has directed operations resulting in discovery of hundreds of shipwrecks, including ancient Roman and Phoenician shipwrecks in waters a half mile deep.

Odyssey's dynamic executive has authored many papers and articles on deep ocean shipwreck exploration and archaeological excavation, and has given over 100 lectures on the subject to a variety of venues including the Explorer's Club, Institute of Nautical Archaeology, Young President's Organization, World President's Organization, World Business Council, Association of Dive Contractors, The UK National Shipwreck Conference, and BMC Software. He is a frequent enrichment lecturer for Cunard and Seabourn Cruise lines.

A panelist at the 1998 Law of the Sea Institute, Stemm was appointed for four consecutive terms to the United States delegation to the United Nations Educational, Scientific and Cultural Organization (UNESCO) expert meeting to negotiate the "Draft Convention for the Protection of Underwater Cultural Heritage."

Stemm has appeared on many television programs including The Today Show, Inside Edition, Real TV, Discovery Channel Canada and all the major network News Shows. He has written for Maritime Heritage Magazine, Anthropology Newsletter, Ocean News & Technology Magazine and authors a column on shipwreck exploration for Underwater Magazine.

He was selected as a Fellow of the Explorers Club, and was the founder, past-president and is currently a Director of the Professional Shipwreck Explorers Association (ProSEA). ProSEA is a non-profit group that provides a forum through which private sector explorers, archaeologists and governments cooperate to promote ethical policies for dealing with shipwreck resource management.

Stemm served as a founding director (1986-93) and international president (1992-93) of YEO (Young Entrepreneurs Organization), the world's largest international entrepreneur's organization with over 4,000 members in 74 chapters in 24 countries. YEO members average 33 years of age and together represent $46 billion in sales annually. He was also a founder of the Florida Aquarium and a member of MENSA, Nautical Archaeology Society, Marine Technology Society and the World Entrepreneurs Organization, where he served on the International Board of Directors (1997-98).

Greg Stemm lives in Tampa, Florida, with his wife Laurie and two sons, Nicolas and Adam.

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The Company believes the information set forth in this Press Release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and is subject to the safe harbor created by that section. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors," and "Business" in the Company's annual report on Form 10KSB for the year ended February 28, 2001, which has been filed with the Securities and Exchange Commission.

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