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Premier Exhibitions, Inc. Restructures Key Promoter Relationship, Assumes Full Control Over Its New York City Bodies Exhibition, and Converts Notes to Equity
Thursday, October 01, 2009 5:30 PM


Oct. 1, 2009 (GlobeNewswire) --

ATLANTA, Oct. 1, 2009 (GLOBE NEWSWIRE) -- Premier Exhibitions (Nasdaq:PRXI) today announced it has finalized new terms in its agreements with promoters of its human anatomy exhibitions, allowing Premier to continue its relationship with S2BN Entertainment Corporation and its principal, Michael Cohl, with whom Premier has shared a long and fruitful business relationship.

In a related recent development, Premier and JAM Exhibitions, Ltd. have settled to their mutual satisfaction litigation initiated in July, 2009 by Premier in New York, in a manner that results in Premier terminating its business ties with JAM, obtaining full ownership and operating rights to "Bodies...The Exhibition" in New York City, among the Company's most lucrative exhibitions to date, and retaining 100% of the net revenues derived from the operation of that property.

Christopher Davino, President and CEO of Premier, commented, "We are thrilled to be strengthening our relationship with Michael Cohl and S2BN, a first class concert and live event promoter with operations worldwide. In addition to streamlining and restructuring our Bodies exhibition business internationally, we hope to pursue broader strategic partnerships with S2BN, including exploring opportunities to jointly develop and exploit other exhibition properties.




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