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Europa Cruises Corporation Announces Official Results Of Election Of Board Of Directors

Press Release: Europa Cruises Corporation
November 12, 2002
MADEIRA BEACH, FL -- Europa Cruises Corporation (OTC Bulletin Board: KRUZ) announced the official results of the election of the Board of Directors held at its Annual Meeting of shareholders on November 4, 2002, at the Hilton Hotel in Alexandria, Virginia. The Company reported that a majority of the Company's shares were voted in favor of the election of the incumbent Board of Directors: Deborah A. Vitale, Gregory A. Harrison, Dr. Arnold Sussman, Benjamin J. Harrell, H. Steven Norton and Frank E. Williams, Jr. The Company also reported that a majority of the Company's shares were voted in favor of ratifying a resolution of the Board of Directors to amend the Articles of Incorporation to change the name of the Company to "Diamondhead Casino Corporation."

Deborah A. Vitale, Chairman of the Board and President, commenting on the foregoing, stated: "The Annual Meeting gave our shareholders a meaningful opportunity to meet and question the Directors and officers of the Company in person. (Unfortunately, one Director, Mr. Williams, was unable to attend the meeting because his flight was canceled due to snow conditions in Nova Scotia.) I think the name change is also important since it will eliminate some of the common misconceptions associated with the Company's prior name. Also, the name change, while cosmetic only, signals a new turn in the Company's development and underscores the fact that the Company's primary focus is now on its Diamondhead casino project."

Europa Cruises Corporation, through its wholly owned subsidiary, Casino World, Inc., intends to develop a themed, destination casino resort and hotel at its 404 acre site on the Bay of St. Louis in Diamondhead, Mississippi. There is no outstanding debt and there are no liens on the property. The Company is actively engaged in the process of seeking a joint venture partner and financing for the Diamondhead project.

The development of the Diamondhead, Mississippi project is subject to risks and uncertainties which include, but are not limited to, those relating to permitting, financing, the activities of environmental groups, the outcome of litigation and the actions of federal, state, or local governments and agencies. The Company may be affected by some or all of these factors and other risks and uncertainties, many of which are beyond the Company's control. Except for historical statements contained herein, the statements made in this release constitute forward-looking statements that involve risks and uncertainties.

For further information, contact: Gregory A. Harrison, Vice-President: (301) 948-7354

Source: Europa Cruises Corporation