SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
July 23, 2004
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Date of Report (date of earliest event reported)
ODYSSEY MARINE EXPLORATION, INC.
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Exact name of Registrant as Specified in its Charter
NEVADA 1-31895 84-1018684
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State or Other Jurisdiction Commission File IRS Employer Identification
of Incorporation Number Number
3604 Swann Avenue
Tampa, Florida 33609
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Address of Principal Executive Offices, Including Zip Code
(813) 876-1776
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Registrant's Telephone Number, Including Area Code
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On July 23, 2004, we purchased a 23,500 square foot multi-tenant office
building located in Tampa, Florida for $3,058,770 from a non-affiliated party.
Approximately one-half of the building is currently being leased by non-
related companies. The facility will house all of our Tampa based operations
and administrative staff and will provide additional space for future
expansion as necessary.
We entered into a mortgage loan for $2,000,000 with the Bank of Tampa and
paid the balance of the purchase and closing costs from operating funds. The
mortgage loan is due in 10 years and monthly payments are based on a 20 year
amortization schedule. Interest, initially at 4.94%, will be adjustable
semiannually based upon changes in the LIBOR (London Interbank Offered Rate)
index.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, hereunto duly authorized.
ODYSSEY MARINE EXPLORATION, INC.
Dated: August 2, 2004 By:/s/ John C. Morris
John C. Morris, President