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Ambassadors International, Inc. Announces Formal Process for the Sale of Majestic America Line

Ambassadors International, Inc. Announces Formal Process for the Sale of Majestic America Line

NEWPORT BEACH, Calif., May 28 /PRNewswire-FirstCall/ -- Ambassadors International, Inc. announces its process for the sale of Majestic America Line.

Joseph G. McCarthy, Vice President of Corporate Development, stated that, "the formal process has commenced and Confidential Information Memorandum's on Majestic America Line have already been sent to qualified interested buyers. With the interest that has been expressed and our desire to complete the transaction in the immediate future, the sale process will be handled by the Company."

Interested parties should contact Joseph G. McCarthy directly at (949) 759-5951 or [email protected] to engage in the process.

About Ambassadors International, Inc.

Ambassadors International, Inc. is a cruise, marine, and travel and event company. The Company operates Windstar Cruises, an international, luxury cruise line and Majestic America Line, a North American river and coastal cruising company. The Company is also a global provider of construction and consulting services to marina owners. In addition, the Company provides travel and event services. 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, including without limitation, statements regarding anticipated future financial performance 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 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. and international cruise markets; our ability to compete effectively in the U.S. and international marina construction markets, including our ability to obtain construction contracts; 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 Forms 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

For further information please contact: Joseph McCarthy of Ambassadors International, Inc. at (949) 759-5951.

Ambassadors International, Inc.

CONTACT: Joseph McCarthy of Ambassadors International, Inc.,

Web site: http://www.ambassadors.com/

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