NEWPORT BEACH, Calif., Oct. 16 /PRNewswire-FirstCall/ -- Ambassadors International, Inc. (the "Company") announced today that its wholly-owned subsidiary, Ambassadors Cruise Group, has acquired the 150-passenger river cruise ship, Columbia Queen. Joe Ueberroth, Chairman and CEO of Ambassadors International, stated, "We are very pleased with our acquisition of the Columbia Queen. She is an excellent vessel and we were able to acquire her very attractively."
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David Giersdorf, President of Ambassadors Cruise Group, stated, "We are pleased to add a seventh U.S.-flagged cruise vessel to our Majestic America Line fleet. The Columbia Queen is a spectacular, deluxe cruise ship that will operate extraordinary itineraries on the Columbia and Snake Rivers. We look forward to introducing her into operations in the summer of 2007."
About Ambassadors International, Inc.
Ambassadors International, Inc. is a cruise, marine, and travel and event company. Through Ambassadors Cruise Group, the Company operates Majestic America Line, North America's premier river and coastal cruising company. The Company is also a global leader in providing construction and consulting services to marina owners through its Ambassadors Marine Group subsidiary. In addition, the Company provides travel and event services through its Ambassadors Travel and Events division. 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, including statements relating to the Company's future prospects and projected financial performance. 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 and business conditions; overall conditions in the cruise, marine, travel and insurance industries; potential claims related to our reinsurance business; further declines in the fair market value of our investments; lower investment yields; unexpected events that disrupt the operations of our cruise operations; environmental related factors; 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 compete effectively in the U.S. and international marina construction markets; our ability to effectively and efficiently manage our rapid growth; our ability to continue to identify attractive acquisition targets and consummate future acquisitions on favorable terms; our ability to accurately estimate contract risks; our ability to service our debt and other factors discussed more specifically in our annual, quarterly and periodic filings with the Securities and Exchange Commission on Form 10-K, 10-Q and 8-K. Any projections provided in this release are based on limited information currently available to management and are subject to change. 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.: (949) 759-5900
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