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Ambassadors International, Inc. Announces It Will Be a Cruise Only Company and That It Has Engaged Stephens Inc. to Sell Principal Non-Windstar Assets. The Company Also Announces Management Changes.

Publication: PR Newswire
Publication Date: 11-FEB-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEWPORT BEACH, Calif., Feb 11 /PRNewswire-FirstCall/ -- Ambassadors International, Inc. (the "Company") announces the engagement of Stephens Inc. ("Stephens") to sell the Company's principal non-Windstar assets as well as evaluate corporate capital and debt opportunities available to the Company.

Joe Ueberroth, CEO of the Company, stated, "The Board and management are confident in the strategy to focus all of our capital and efforts on Windstar Cruises and the small ship luxury segment. Further, we believe that Windstar has the most potential upside for our shareholders and a successful sale of our other businesses provides the Company stability in a difficult economy."

The businesses to be sold by Stephens include the Company's marine...

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