BELLEAIR, Fla. – G. Michael Harris, Titanic explorer, adventurer and one of the original founders of RMS Titanic, Inc., announced in a press release that his company, WLM, Inc. had made two offers totaling a combined $40 million to Premier Exhibitions as well as Sellers Capital, LLC, whose holdings include Contango Oil & Gas and Premier Exhibitions, for rights to RMS Titanic Inc., a wholly owned subsidiary of Premier Exhibitions. WLM offered $25 Million for an exclusive, multi-year management agreement of RMS Titanic, Inc which will include all touring, expedition and salvage rights to the wreck.
In a separate proposal Mr. Harris, CEO/President of WLM, Inc. has offered three dollars per share to Sellers Capitol LLC and its affiliates who are the beneficiaries of 4,778,399 shares of common stock of Premier Exhibition, representing 16.3% of the company’s outstanding shares, including all board and executive positions. After meeting with Mark Sellers III, Premier Exhibitions Chairman of the Board and managing partner of Sellers Capital LLC, as well as Christopher Davino, Premier Exhibitions CEO at their corporate offices in Atlanta during February, 2009, WLM, Inc. began the process of constructing the offers. “As a founder of RMS Titanic, Inc., it has always been my desire and commitment to preserve Titanic for future generations.” stated G. Michael Harris.
Born in Clearwater, Florida, G. Michael Harris has spent the last 25 years cultivating his research, knowledge and exploration of Titanic. He has led one of the largest expeditions to the Titanic wreck site, salvaging over 1,000 new artifacts in 2000 and personally making more than 8 dives.
Harris developed and founded the Orlando based attraction TITANIC – THE EXPERIENCE. The interactive experience; owned and operated WLM, Inc., marks its 10th Anniversary this week.
“Titanic has been a life-force and adventure for me and my family. Bringing this exciting experience to Orlando and having it so well received over the years has been an honor and privilege.” said Harris.