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Ambassadors International, Inc. Closes Sale of Marine Business to Bellwether Financial Group, Inc. and Makes Payment on Its Convertible Notes.

Publication: Investment Weekly News
Publication Date: 30-MAY-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Ambassadors International, Inc. (NASDAQ:AMIE) (the "Company") announced that it closed the transaction to sell Ambassadors Marine Group, LLC ("AMG"), which holds all assets related to the Company's marine business, to Bellwether Financial Group, Inc., a company affiliated with its former Chief Executive Officer, Joseph Ueberroth. The Company had announced...

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