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Odyssey Marine Files Three Amended Complaints - The Kingdom Of Spain Has Been Added As A Defendant In All Three Cases

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TAMPA, Fla.--(BUSINESS WIRE)--Odyssey Marine Exploration (NASDAQ:OMEX) filed Amended Complaints on August 6, 2007 in three Admiralty arrest cases in response to Spain’s Motions for More Definite Statements. The Company also filed Motions for Protective Order in all three cases to protect the confidentiality of the Preliminary Site Assessments, which include detailed information about the archaeological and exploration activities at the sites to date, and filed Motions for Preliminary Injunction in two of the cases.

As part of the amended complaints, the Kingdom of Spain has been added as a defendant in all three cases, with Odyssey seeking compensation for losses sustained through Spain’s recent actions obstructing Odyssey’s ability to conduct operations. Odyssey is seeking not only relief in the form of a set-off of any award Spain may ultimately receive on any shipwreck, but also affirmative relief for damages caused by Spain's interference with Odyssey's rights to all three sites. In its pleadings Odyssey refers to the activities in Spain during the past months regarding the illegal boarding and seizure of Odyssey’s survey vessel, the Ocean Alert and the continued illegal effective blockade of the Company’s archaeological recovery vessel, the Odyssey Explorer.

The Motions for Protective Order were filed to keep the preliminary site assessments under court seal to protect the security of the sites and to protect Odyssey’s proprietary sources and methods from competitors. The motion requests that before providing the information contained in the reports to Spain, the Court require Spain’s counsel and the Spanish authority taking control over the information to sign a Confidentiality Agreement. Among the reasons for this request is a history of repeated leaks of confidential information from some Spanish government agencies and the fact that Spain’s counsel, James Goold, is the Chairman of an organization, the RPM Nautical Foundation, which is a potential competitor to Odyssey in the provision of underwater archaeological services to Government agencies.

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