Treasure Stock Rockets Up 80% on New Find

17 Tons of Booty Means Share Price Bidding War

Investors are dancing in the Streets in Tampa, Florida, and it is not even the Gasparilla Festival yet. Treasure salvers occupy a beloved place in Florida lore, and the work of high tech salver Gregg Stem has hit stratospheric heights with today's announcement. In what is believed to be the largest collection of coins ever excavated from a shipwreck, Odyssey Marine Exploration (Amex symbol OMR) has recovered over 500,000 silver coins weighing more than 17 tons, hundreds of gold coins, worked gold, and other artifacts from the wreck of a Colonial period shipwreck code-named "Black Swan", located in an undisclosed location in near the coast of England.

Mr. Stem first began to make his mark in the 1990s with a company called Seahawk Deep Ocean Technology. Using a pioneering robotic undersea rover, Merlin, Seahawk recovered booty from a Spanish Galleon. You may have heard about the first great find of the 21st century - the SS Republic, and many thousands of Gold coins of Civil War vintage recovered off the coast of South Carolina. Under the leadership of Greg Stemm, other finds are in the works by Odyssey, so this find is not a lone flash in the pan. This is the continuing fruit of a lifetime of exploring with new undersea technology.