Sunday, September 11, 2005
Katrina misses museum, artifacts safe
Tampa Bay Business Journal
September 08, 2005
Odyssey Marine Exploration's Shipwreck & Treasure Adventure survived Hurricane Katrina with minimal damage.
Odyssey was able to safely remove all irreplaceable artifacts and valuables including all coins and other high-value items from New Orleans before the storm arrived.
Tampa-based Odyssey Marine Exploration (AMEX:OMR) is a marine exploration company with several shipwreck projects in various stages of development throughout the world.
The Jax Brewery building in which the attraction resides appears structurally sound, there was no flooding in the immediate area and security conditions on the streets of the French Quarter have stabilized with a massive National Guard presence.
Odyssey carries insurance coverage for damage and business interruption due to natural catastrophes and will provide more specific information about its coverage and other financial impact due to Katrina, in its third quarter 2005 earnings release and 10-Q filing.