CHICAGO, Jan. 22 /PRNewswire/ -- Sellers Capital, LLC (Sellers Capital), the largest shareholder of Premier Exhibitions, Inc. (Premier) (Nasdaq: PRXI), representing approximately 16.3% of the outstanding shares, announced today that IVS Associates, the independent inspector of elections engaged by Premier, has confirmed the election of Sellers Capital's four nominees to Premier's board of directors.

On January 16, 2009, Sellers Capital delivered shareholder consents to Premier that represent more than a majority of Premier's outstanding shares as of the record date for the consent solicitation.

Sellers Capital calls on Premier's Special Committee and CEO Arnie Geller to honor the consent solicitation results immediately. There is no reason for delay. Premier has repeatedly professed its desire to avoid a "costly and disruptive" battle over control of the board, and now has the opportunity to keep its word. Premier's board must immediately begin the work of turning Premier around and delivering value to its shareholders.

Sellers Capital and its affiliates are the beneficial owners of 4,778,399 shares of common stock of Premier, representing approximately 16.3% of the company's outstanding shares, based upon the 29,284,999 shares of common stock reported by Premier to be outstanding as of October 6, 2008 in its Quarterly Report on Form 10-Q filed with the SEC on October 10, 2008.

Sellers Capital, certain of its affiliates and its nominees to the board are the participants in the solicitation of consents. Shareholders of Premier should read the definitive consent solicitation statement of Sellers Capital because it contains important information relating to the solicitation of consents and its nominees to the Premier Board. The definitive consent solicitation statement and any other relevant documents are available free of charge from the SEC's website located at www.sec.gov or from Sellers Capital or The Altman Group. You may contact The Altman Group toll-free at 866.828.6934.

SOURCE Sellers Capital, LLC