Sellers Capital wants two seats on Premier Exhibitions' board

By Lisa Kerner

Charlotte, N.C., July 11 - Sellers Capital Master Fund, Ltd. and its affiliates formerly requested two seats on the board of directors of Premier Exhibitions, Inc., it was reported in a schedule 13D filed with the Securities and Exchange Commission.

Prior to making its request, Sellers evaluated the company's business, prospects and financial condition as well as the market price for Premier Exhibitions' securities and general market conditions, according to the filing.

The investors beneficially own about 4.37 million shares, or 15%, of the Atlanta-based company.

Premier Exhibitions develops and tours exhibits worldwide and operates as the salvor-in-possession of the Titanic wreck.

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