updated 11/16/2010 7:17:05 AM ET 2010-11-16T12:17:05

ATLANTA, Nov. 16, 2010 (GLOBE NEWSWIRE) -- Premier Exhibitions, Inc. (Nasdaq:PRXI), a major provider of museum-quality exhibitions throughout the world, today announced that CEO Chris Davino will be presented with the Roosevelts' Science Award from the Navy League Council for his work over the summer in helping to preserve the legacy of the RMS Titanic. The award ceremony will take place tonight at the Marriott Marquis in New York City and starts at 6 pm ET.

This past August, Mr. Davino brought together a team of leading archaeologists, oceanographers, and scientists for a 20 day excursion to the RMS Titanic wreck site. Having partnered on the mission with Woods Hole Oceanographic Institution and the Waitt Institute, the trip has become known as "a mission of firsts" as revolutionary technologies were employed, including acoustic imaging sonar and exceptionally high-resolution 3-D imaging, to produce the first comprehensive view of the entire RMS Titanic wreck site. The team was able to map the site with greater accuracy than that achieved on any previous wreck site exploration.

In what was arguably the most technologically advanced scientific expedition to RMS Titanic ever organized, the team also included The Institute of Nautical Archaeology, The National Oceanic and Atmospheric Administration's National Marine Sanctuaries Program, and The National Park Service's Submerged Resources Center.

Richard Heller, the New York Navy League Dinner Chairman, stated that it was Chris Davino's energy and focus that brought about the recent successful dive of the RMS Titanic. "By bringing together individuals from each of these prestigious organizations to digitally map wreckage of the RMS Titanic like never before, Chris has helped to create a data base that will be studied for years to come. He well deserves this award."

"Premier Exhibitions, Inc.'s goal with this three week mission was about a broader mandate in maintaining and preserving the wreck site as a cultural resource. Surprisingly, 30 to 40 percent of the wreck site had not previously been imaged and studied. The team accomplished a significant feat in using the world's most advanced equipment to create the first comprehensive survey map of the entire wreck site," stated Mr. Davino. "It was important for me to help bring together the experts from the oceanic, scientific, and archeological communities to forge a common understanding of the wreck site and come to a mutual viewpoint for the longer term plan for the RMS Titanic. Having a prestigious organization like the Navy League Council recognize these efforts is truly an honor."

To view footage from the voyage to the RMS Titanic this past summer, please visit:

The Navy League of the United States is a non-profit organization dedicated to educating citizens about the importance of sea power to the U.S, national security and supporting the men and women of the sea services and their families.

About Premier Exhibitions Inc.

Premier Exhibitions, Inc. is a major provider of museum-quality exhibitions throughout the world. Premier Exhibitions Inc. is a recognized leader in developing and displaying unique exhibitions for education and entertainment. The Company's exhibitions present unique opportunities to experience compelling stories using authentic objects and artifacts in diverse environments. Exhibitions are presented in museums, exhibition centers and other entertainment venues. The company produces Titanic: The Artifact Exhibition, BODIES…The Exhibition, Bodies Revealed and Dialog in the Dark. More information about Premier Exhibitions, Inc. is available at www.prxi.com .

Forward Looking Statements

Certain statements and information in this press release may be deemed to be "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies, and all statements (other than statements of historical facts) that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. These statements are often characterized by terminology such as "believe", "may", "anticipate", "should", "intend", "plan", "will", "expect", "estimate", and similar expressions. Although Premier Exhibitions believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any such assumptions could prove to be inaccurate. Therefore, Premier Exhibitions can provide no assurance that any of the forward-looking statements contained in this press release will prove to be accurate. Any forward-looking statements in this press release are made as of the date hereof, and Premier undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments, and business decisions to differ materially from forward-looking statements are described in Premier's most recent Annual Report on Form 10-K, including the section entitled "Risk Factors."

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