NEWTOWN, PA.--(BUSINESS WIRE)-January 17, 2006 - Principle Pictures, Inc. announces a media partnership with Sovereign Exploration Associates International, Inc. (OTCBB: SVXA)

The world's ocean floors are blanketed with the wreckage of lost ships. Their names languish in the dusty ledgers of long-vanished imperial navies and extinct enterprises that have been obscured over time. The historical impact of their loss has never been revealed. Until now.

This media partnership plans the creation of at least five television documentaries and a series of companion books, educational tools, and interactive Web sites. Sovereign Exploration Associates International's large catalogue of historically significant marine archaeological and recovery projects will provide an exciting new point of view on the history of North American and European development. All of these projects involve historic stories Principle Pictures is exceptionally qualified to tell. Consider this: What if Le Chameau, the pride of the French Navy, had not sunk on the night of August, 27, 1725? It was a devastating disaster in terms of souls and monies lost, with all of Le Chameau's 316 passengers and vast amounts of gold and silver to support the French Colonies in North America going to the bottom with her. Yet Le Chameau's sinking may also have dramatically altered the balance of power between England and France in North America. A generation of French leaders went down with that ship. Is it possible we might all be speaking French today had fate not intervened?

The tale of Le Chameau is riveting. It is history, unjustly forgotten. It is adventure, awaiting pursuit. It is just one of the exciting stories of SHIPWRECKS THAT CHANGED THE WORLD, a media enterprise between Sovereign Exploration Associates International, Inc. and Principle Pictures, Inc.

"This is about the presentation and preservation of history," says Beth Murphy, President of Principle Pictures. "We're excited about working with Sovereign Exploration Associates International and its portfolio companies precisely because of their commitment to bringing greater historic and scientific understanding to some of the most extraordinary shipwrecks of all time-shipwrecks whose fascinating, forgotten stories are ready to be rescued from the deep."

"We see this agreement as a critical step in continuing to tell the history and significance of these vessels and sites, " says Bob Baca, President and CEO of Sovereign Exploration Associates International, Inc. "The addition to our team of Principle Pictures, with its reputation for professionalism and quality, fits well with Sovereign's own dedication to telling these important stories."

About the companies:

Sovereign Exploration Associates International, Inc. (SVXA) (Newtown,PA) combines sound business practices with a decade's worth of expertise in marine exploration. Portfolio companies of SVXA are currently undertaking the exploration of sites containing vessels from the 1700's and 1800's. (www.sea-int.com)

Principle Pictures, Inc. (Plymouth, MA) creates cutting-edge documentaries. A forward-thinking company committed to tackling serious, issue-oriented programming with world-wide appeal, Principle Pictures believes in the power of reality-based programming to educate, inform and inspire viewers. Principle Pictures' programming has aired on numerous networks in the United States and around the world, including The History Channel, Discovery, Discovery Health, Lifetime, PBS, Canal Vie (Canada), IBA (Israel) and NHK (Japan). Director Beth Murphy has twice been nominated for Emmys and most recently is the winner of the Gracie Allen Award from American Women in Radio and Television. (www.principlepictures.com)

For More Information Contact:

Beth Murphy, President
Principle Pictures, Inc.
508.746.6700
www.principlepictures.com

James Cavan, Sr. Vice President
Business Development & Institutional Relations
Sovereign Exploration Associates International, Inc.
(OTC BB: SVXA)
781.246.7512
www.sea-int.com