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Chuck Moran

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Older adults are one of the fastest growing segments on the Web. This year alone the number of adults 55 years and older going online has grown by 20% to over 27 million unique individuals.

Under Irish law, the Company is required to obtain the approval of its shareholders to buy back its own shares. The Board, believing it to be in the best interests of the shareholders and the Company, agreed that the Company should request this approval to provide the Company with the flexibility to buy back shares if it determines that the benefits associated with such a program can be realized.

Ambassadors International clearly has established itself in the cruise industry through its outstanding operations of American West Cruises. Even though we are privately-held, we continually look for opportunities to improve corporate value. Our decision was driven by the need to focus on growth opportunities in our core business and because of other investment considerations. Delaware North Companies decided it was in its best interest to find a company that could continue the tradition of excellence that has always been part of the Delta Queen. We have found that in Ambassadors International.

Our decision was driven by the need to focus on growth opportunities in our core business and because of other investment considerations.

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