Note: Odyssey Marine Exploration now trades on the NASDAQ® Stock Market under the symbol OMEX.


Shop at Home to Sell SS Republic Coins, Cargo and Collectibles

TAMPA, Fla.-- Oct. 15, 2004 -- Odyssey Marine Exploration, Inc. (AMEX:OMR), a leader in the field of deep ocean shipwreck exploration, will be featured on Shop at Home's "Coins Around the Clock" marathon on October 16, 2004. The first bottles from the SS Republic shipwreck will be offered for sale, as well as gold and silver coins and collectible shadowboxes. Odyssey co-founder Greg Stemm will appear during the marathon to discuss the discovery of the SS Republic shipwreck and the archaeological recovery of coins, artifacts and cargo from the site.

Segments featuring Odyssey and the SS Republic collection will be broadcast at the following times on October 16th: 3:00-4:30 a.m. EDT, 11:00 a.m.-12:30 p.m. EDT, 3:00-4:00 p.m. EDT, and 9:00-10:00 p.m. EDT. Local cable channels for Shop At Home television can be found through the "channel finder" link at http://www.shopathometv.com.

The first SS Republic coin sale during the Shop At Home Coin vault Marathon on May 15, 2004 resulted in one of the highest-grossing 24-hour periods in the 17-year history of the national on-air and online television network, which reaches more than 47 million households.

"Unique coins such as Odyssey's SS Republic inventory are very popular items with coin collectors," said Mike Lubka, executive vice president and chief merchandising officer for Shop At Home. "After Odyssey's May offering of the SS Republic products, we received product inquiries for some time."

"After all the work we put into the archaeological excavation of these coins, and the care we took with the historical background and packaging, we wanted a marketing partner like Shop At Home that could present these products in a tasteful and informative manner," said Odyssey co-founder Greg Stemm. "We are thrilled to return to Shop At Home for this first public offering of bottles carried as cargo on the SS Republic." Due to the popularity and continued interest in the silver coins offered during the first marathon, silver will be offered again, as well as gold coins and collectible items.

The SS Republic was a sidewheel steamer lost in deep water in 1865 while enroute from New York to New Orleans after battling a hurricane for two days. Odyssey Marine Exploration discovered the shipwreck and its impressive collection of coins and other cargo approximately 100 miles off the Georgia coast. Odyssey has been conducting an extensive deep ocean archaeological excavation 1,700 feet below sea level using sophisticated robotics.

Odyssey Marine Exploration is an American Stock Exchange Company (Ticker symbol: OMR) with several shipwreck projects in various stages of development throughout the world, including the SS Republic and HMS Sussex projects. The company's vessel, Odyssey Explorer, is currently conducting the archaeological excavation of the SS Republic and the company's second ship, RV Odyssey, is currently preparing to relocate to the Mediterranean to begin conducting operations on the Sussex project.

Additional information about Odyssey, its projects and equipment is available at http://shipwreck.net .

Shop At Home is a nationally televised home shopping service that sells merchandise through interactive electronic media, including broadcast, cable and satellite television. The company also operates a Web site at http://www.shopathometv.com. Shop At Home produces programming in digital format at its facilities in Nashville, Tenn.

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The Company 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," and "Business" in the Company's annual report on Form 10KSB for the year ended February 29, 2004, which has been filed with the Securities and Exchange Commission.
 


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