ATLANTA, Jan. 20 /PRNewswire-FirstCall/ -- RMS Titanic, Inc. a wholly owned subsidiary of Premier Exhibitions Inc.(OTCBB: PXHB) today announced the formation of a joint venture agreement with Undersea Recovery Corporation (URC), which is an Atlanta, GA, based corporation formed to engage in research, planning and recovery operations for historic shipwrecks. RMS Titanic, Inc. announced they had secured a Five Hundred Thousand Dollar ($500,000) advance payment from URC in return for a percentage ownership in the joint salvage efforts that will start later in 2006. The Company also disclosed URC will also have a minimum payment of Two Hundred Thousand ($200,000) due at a later date. RMST noted that they will act as co-expedition partners when the expedition plans are crafted, and the actual dives are conducted.

Mr. Arnie Geller, President and CEO of Premier stated "We are pleased to have an expert partner that can help our Titanic Division monetize this asset that has been held by the Company for some time. The RMS Carpathia has material historic value as the actual rescue ship from the sinking of the RMS Titanic, as well as the ship's service in World War I. The RMS Carpathia was sunk by a German u-boat in 1918." Mr. Geller added, "We believe there is value in salvaging the many important artifacts available from this historic vessel for both exhibitions as well as for sale to museums and maritime collectors."

Mr. Herbert C. Leeming, the President of URC stated today "Our Company is honored to be partnering with a Company that has pioneered deep water salvages, through their historic dives to the RMS Titanic." Mr. Leeming also added, "The RMS Carpathia is an important piece of the United Kingdom's history, and to be able to provide a glimpse into the heroic adventures of this ship through this salvage and exhibition development project, will provide a great educational opportunity for people, as well as some well deserved recognition, regarding the historical importance of the ship and crew that saved over seven hundred survivors, when the RMS Titanic tragically sank."

Legal Access Technologies, Inc. whose name is currently being changed to UnderSea Recovery Corporation (www.unsr.com) is an Atlanta based corporation formed to engage in research, planning and recovery operations for historic shipwrecks. UnderSea Recovery Corporation intends to become an international leader in recovery of shipwrecks and other cultural resources from the world's oceans and large lakes by applying advanced technologies in an archaeologically and environmentally sensitive manner. UnderSea expects to engage in strategic partnerships with governments, nonprofit organizations, and businesses for: 1) responsible development of maritime museums, 2) cultural and heritage tourism, 3) development of intellectual property for public entertainment and education, 4) development of new technologies, and 5) the ethical sale of cultural materials.

Premier Exhibitions, Inc. is a major provider of museum quality touring exhibitions throughout the world.

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company has based these forward-looking statements on its current expectations and projections about future events, based on the information currently available to it. The forward-looking statements include statements relating to the Company's anticipated financial performance, business prospects, new developments, new strategies and similar matters. The following important factors, in addition to those described in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended February 28, 2005, especially in the Risk Factors and the Management's Discussion and Analysis sections, and its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K (each of which is available upon request from the Company), may affect the future results of the Company and cause those results to differ materially from those expressed in the forward-looking statements; material adverse changes in the economic conditions in the Company's markets, including terrorist attacks, competition from others, how much capital the Company may or may not receive from required financings, and whether or not, and to what extent, the Company consummates its planned leases to place exhibitions. The Company disclaims any obligation to update these forward- looking statements.

For additional Information:

Investor Relations:

North Coast Advisors Inc.
Craig T. Stewart, (585) 218-7371
cstewart@ncainc.com

Media Inquiries:

Premier Exhibitions, Inc.
Katherine Morgenstern, (404)842.2675
kmorgenstern@prxi.com

SOURCE Premier Exhibitions, Inc.

Arnie Geller
President & CEO
Premier Exhibitions, Inc.
Tel: 404 842 2600
Fax: 404 842 2602

Learn more about Premier Exhibitions, Inc. at:

www.rmstitanic.net
www.titanicscience.com
www.bodiestheexhibition.com
www.bodiesrevealed.com

      This Web Site is currently under construction. Information is currently being added. If you have any questions please contact: info@unsr.com