Prxi's Subsidiary Rms Titanic Granted Salvage Award, Eqlb Stock Update - Pennytobuck

EQ labs Inc (PinkSheets:EQLB) showed tremendous growth in its first quarter results

for the year 2010 as its revenues reported an increase of 300 percent as compared to last quarter 2009. EQLBs largest increase in revenues were realized from Las Vegas and related areas. The first quarter revenue of the company is its record since its beginning.

EQLBs increasing revenue is supported by its high brand quality for its Smart Energy Drink which has performed in almost 43 major convenience stores in Las Vegas and also in major retailers in the states of California, New York and Florida.

CEO EQ Labs Maurice Owens stated, We are very happy to deliver this exciting news to our shareholders. We want to stress that this is sequential growth as we have seen a sudden spike of sales in First Quarter 2010 as compared to fourth Quarter 2009.

Maurice Owens on EQLBs exceptional results added, As a result of these sales, we expect sales to continue to accelerate in some of our key territories. We believe that the EQ story is about to receive national attention.

EQLB reports six month sales increase of 40% on higher demand in North America for EQ Energy Drink.

EQLB is currently sold in 800 stores in 48 states. The EQ Energy drink is the only effervescent-based tablet on the market today that is specially formulated with a combination of essential herbs and nutrients to easily dissolve in any beverage resulting in sustainable energy and a heightened sense of focus.

EQLB is engaged in the process of recruiting additional international "sports" celebrities to endorse the EQ Energy Drink.

Premier Exhibitions, Inc. (Nasdaq:PRXI), reported that the United States District Court for the Eastern District of Virginia, Norfolk Division, has issued an opinion granting a salvage award to RMS Titanic Inc., a wholly owned subsidiary of Premier Exhibitions. The salvage award is based upon PRXI's work in recovering and conserving over three thousand artifacts from the wreck of Titanic during its expeditions conducted in 1993, 1994, 1996, 1998, 2000, and 2004.

PRXI has been awarded 100% of the fair market value of the artifacts, which the Court set at approximately one hundred ten million dollars. The Court has reserved the right to determine the manner in which to pay the award. It will determine by August 15, 2011, whether to pay PRXI a cash award from proceeds derived from a judicial sale, or in the alternative, to issue PRXI an award of title the artifacts with certain covenants and conditions which would govern their maintenance and future disposition.

This award is in addition to the approximately 1,800 artifacts recovered by RMS Titanic, Inc. in its first expedition to the wreck of Titanic in 1987. Title to these artifacts already rests with RMS Titanic, Inc. pursuant to a 1993 in specie salvage award issued by a French Maritime Tribunal. These artifacts have been appraised at over thirty five million dollars.

Premier Exhibitions, Inc. will host a conference call to discuss the Court opinion on Friday, August 13, 2010 at 9:00 a.m. (EDT). Investors in the U.S. can access the call by dialing and international callers may dial 1-719-325-4775. Callers should reference confirmation code 7040923. A transcript of the conference call will be made available on the Company's website:PRXI www.prxi.com.

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by: Bill Pennyman

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