Ambassadors International Inc. (AMIE)

Ambassadors International, Inc., through its subsidiaries, operates as a cruise, marine, and travel and event services company. It operates overnight passenger cruises along the inland rivers and coastal waterways of North America under the brand names Majestic America Line and Windstar Cruises The company provides marina design and construction services, as well as offers marine operations, management, and consulting services to marina owners, corporations, government agencies, and private individuals. The company offers event services to corporations, associations, and trade show companies. The company also develops, markets, and manages meetings and incentive programs for corporate clients; provides hotel reservation, registration, and travel services for meetings, conventions, expositions, and trade shows; and develops, markets, and distributes event portfolio management technology solutions for corporations and associations. It offers reinsurance for property and casualty risks, including commercial auto liability, commercial physical damage, and workers’ compensation. In addition, Ambassadors International has a 19.8% investment in Grand Prix Tours, Inc., which provides packaged tours primarily to Formula One, Indy Car, and NASCAR races in the United States and internationally. The company was founded in 1967 and is based in Newport Beach, California.

For the six months ended 30 June 2006, Ambassadors International, Inc.'s revenues totaled $38M, up from $15.8M. Net loss totaled $60K vs. an income of $2.9M. Revenues reflect addition of Cruise segment, the presence of Onboard & Cruise revenue and increased Marine segment revenue. Net loss reflects the presence of Cruise operating expense, an increase in selling & tour promotion expenses, higher interest expense and loss & loss adjustment expenses.