Premier Exhibitions, Inc. releases the following response regarding a potential financier linked to Michael Ching Mo Yeung.
ATLANTA, GA (September 9, 2015) Premier Exhibitions, Inc. (NASDAQ: PRXI) releases the following response regarding a potential financier linked to Michael Ching Mo Yeung.
In connection with the proposed Merger of Premier with Dinoking Tech Inc. (“Dinoking”), as announced on April 2, 2015, an Investor Group was put in place to provide up to $13.5 million in funding to Premier (the “Note”) to repay $8 million of existing debt and $5.5 million for corporate purposes. As disclosed in public filings, that Investor Group included a British Columbia-based company, 1030443 B.C. Ltd. However, Premier has been informed by Dinoking that, on or about July 6, 2015, the investment in the Note by 1030443 B.C. Ltd., was replaced by another investor and 1030443 B.C. Ltd. had no further interest in the Note or, to the knowledge of Dinoking, any other ownership interest in any other securities of Premier. According to Dinoking, it is not party to any other agreements nor is Dinoking in any discussions with Michael Ching or his relatives. Reports to the contrary are false.
Premier remains committed to the merger and looks forward to the October 29 meeting of shareholders in Atlanta, where the results of the shareholder vote regarding the merger will be announced.
About Premier Exhibitions, Inc.: Premier Exhibitions, Inc. (Nasdaq:PRXI), located in Atlanta, GA, is a major provider of museum quality exhibitions throughout the world and a recognized leader in developing and displaying unique exhibitions for education and entertainment. The Company's exhibitions present unique opportunities to experience compelling stories using authentic objects and artifacts in diverse environments. Exhibitions are presented in museums, exhibition centers and other entertainment venues. Additional information about Premier Exhibitions, Inc. is available at www.prxi.com.
Premier Public Relations Department