NEWPORT BEACH, Calif., July 3 /PRNewswire-FirstCall/ -- Ambassadors International, Inc. (the "Company") announced today its inclusion in the Russell 2000(R) index. At the close of the U.S. markets on Friday, June 30, 2006, the reconstituted Russell U.S. indices became effective.
"We are pleased to be once again recognized as one of the top 3,000 largest stocks in the U.S. markets," stated Joe Ueberroth, President and CEO. "We have been diligently pursuing strategic growth opportunities with strong competitive advantages to firmly position the company in the travel and leisure industry for the coming years. We believe that both our shareowners and the market have acknowledged our efforts and rewarded us with an improved market position."
Brian Schaefgen, Chief Financial Officer, added, "This is a milestone in our continued growth following the spin-off of our student travel subsidiary, Ambassadors Group, Inc. in 2002. We welcome and look forward to the additional interest we will benefit from with our re-introduction to the Russell index."
About Ambassadors International, Inc.
Ambassadors International, Inc. is a cruise, marine and travel and event company. The Company operates Majestic America Line, North America's premier river and coastal cruise company. The Company also provides travel and event services through its Ambassadors, LLC subsidiary and operates BellPort Group, Inc., an international marine company. The Company is headquartered in Newport Beach, California. In this press release, any reference to "Company," "Ambassadors," "management," "we," "us" and "our" refers to Ambassadors International, Inc. and its management team.
Forward-Looking Statements
This press release contains forward-looking statements that involve various risks and uncertainties. The forward-looking statements contained in this release are based on our current expectations and entail various risks and uncertainties that could cause our actual results to differ materially from those suggested in our forward-looking statements. We believe that such risks and uncertainties include, among others, general economic financial and business conditions, overall conditions in the cruise, travel and insurance markets, potential claims related to our reinsurance business, further declines in the fair market value of our investments, lower investment yields, our ability to successfully integrate the operations of companies or businesses we acquire and realize the expected benefits of our acquisitions, our ability to successfully and efficiently operate the businesses that we acquire, our ability to compete effectively in the U.S. cruise market, our ability to service our debt and other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2005. We are providing this information as of the date of this release and do not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.
Additional Information
Please contact: Brian Schaefgen of Ambassadors International, Inc. at (949) 759-5900.
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