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                         Odyssey Marine Exploration crafts deal for shipwreck exploration







Tampa Bay Business Journal
oCT. 15, 2008

Odyssey Marine Exploration has reached an agreement with Intersal Inc. to take over shipwreck exploration at a site off North Carolina.

Terms of the agreement were not disclosed.

Odyssey (NASDAQ: OMEX) will share research and data acquired by Intersal, based in Plantation, related to the shipwreck, a release said.

Odyssey, based in Tampa, also plans to file documents in federal court in North Carolina to replace Intersal as plaintiff in an admiralty arrest action filed by Intersal for the site.

Intersal has an exploration permit issued by North Carolina for the shipwreck site and some surrounding areas near Beaufort Inlet, the release said.