Ambassadors Int’l CEO Resigns

Thursday, March 26, 2009

Ambassadors International, Inc. (NASDAQ:AMIE) on March 24 announced that Joseph J. Ueberroth, President and Chief Executive Officer and a member of the Board of Directors, has resigned as the company's President and Chief Executive Officer effective April 1, 2009 to pursue other ventures. Ueberroth also resigned from the Board of Directors effective March 20, 2009. Mr. Ueberroth first announced his resignation in September 2008 giving the company twelve months notice. However, since the company, as previously announced, is substantially complete with the process of moving its corporate headquarters to Seattle to concentrate on its cruise business, Ueberroth felt it was now the appropriate time for him to leave.

Mr. Ueberroth became the President and Chief Executive Officer of the company in November 2003 and was responsible for the acquisition and development of Bellingham Marine and BellPort as well as the acquisition of Windstar Cruises.

Ambassadors International, Inc. is a cruise, marine, and travel and event company. The company operates Windstar Cruises, an international, luxury cruise line. 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 transitioning its headquarters from Newport Beach, California to Seattle, Washington.


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