26 May 2004

The sale of silver coins recovered by Odyssey Marine Exploration from the SS Republic shipwreck and offered exclusively for sale to the public through Shop At Home Network resulted in highest-grossing sales in a 24-hour period in the 17-year history of the national on-air and online television network.

(Photo: http://www.newscom.com/cgi-bin/prnh/20040526/CLW075 )

Odyssey Marine, along with Shop At Home, which reaches more than 47-million households nationwide, sold the coins May 15 during a 24-hour coin marathon special presentation that also marked the 16th anniversary of Shop At Home's The Coin Vault program. Nearly 10 percent made online at shopathometv.com, with the remainder coming from television viewers who placed orders through the network's 1-800 number.

"The results were much better than planned for our first day dedicated exclusively to coins - and the sales record demonstrates the benefits Shop At Home has gained from this partnership with Odyssey Marine," said Mike Lubka, executive vice president and chief merchandising officer for Shop At Home. "The coin offerings were so well received by our customers that we've continued to receive inquiries even after the marathon. "

The record-breaking day featured a broad assortment of shipwreck coin packages, many of which sold out. Nine of the top 10 products offered during the 24-hour period were coins from the SS Republic. Other popular items were NGC-graded Silver American Eagle sets, silver dollars from the Binion Collection, 2004 gold and platinum coins, and many government-issue proof sets.

"After all the work we put into the archaeological excavation of these coins, and the care we took with the historical background and packaging, we wanted a marketing partner like Shop At Home that could present these products in a tasteful and informative manner," said Odyssey co-founder Greg Stemm. "We look forward to working with the network on the next phase of SS Republic coin sales."

About the SS Republic

The SS Republic was a sidewheel steamer lost in deep water in 1865 after battling a hurricane for two days. The ship, en-route from New York to New Orleans, was reportedly carrying $400,000 in specie (1865 face value) when it sank. Odyssey Marine Exploration discovered this impressive collection of coins and worked to recover the treasure through an extensive deep ocean archeological excavation conducted 1,700 feet below sea level by sophisticated robotics.

About Odyssey Marine Exploration

Odyssey Marine Exploration has several shipwreck projects in various stages of development throughout the world, including the SS Republic and HMS Sussex projects. The company's vessel, Odyssey Explorer, is currently conducting the archaeological excavation of the SS Republic and the company's second ship, RV Odyssey, is conducting search operations on a number of

additional projects in the Atlantic Ocean. Additional information about Odyssey, its projects and equipment is available at http://www.shipwreck.net/ .

About Shop At Home Network

Shop At Home Network, a division of Scripps Networks, is a nationally televised home shopping service that sells merchandise through interactive electronic media, primarily including broadcast, cable and satellite television. The company also operates a Web site at http://www.shopathometv.com/ . Shop At Home produces programming in digital format at its facilities in Nashville.

About Scripps Networks

Scripps Networks is comprised of the lifestyle television brands Home & Garden Television, Food Network, DIY-Do It Yourself Network, Fine Living, and electronic retailer Shop At Home Network. Scripps is one of the leading developers of lifestyle-oriented content for television and the Internet, where on-air programming is complemented with online content. In addition, Scripps Networks is aggressively developing its emerging media, including video on demand, broadband and Hispanic programming. Headquartered in Knoxville, Tenn., with offices in New York, Los Angeles, Chicago, Detroit and Atlanta, Scripps Networks is owned by the E.W. Scripps Company , a diverse media concern with interests in newspaper publishing, broadcast television, national television networks, interactive media, and television retailing. Scripps operates 21 daily newspapers, 10 broadcast TV stations, Scripps Howard News Service and United Media.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040526/CLW075
AP PhotoExpress Network: PRN4
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: Scripps Networks, Odyssey Marine Exploration

CONTACT: Dan Hurst, Communications Manager of Scripps Networks,
+1-865-560-3853, or dehurst@scrippsnetworks.com

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