Ambassadors International Acquires merican West Cruises

Monday, January 16, 2006
Ambassadors International, Inc., announced that its wholly-owned subsidiary, Ambassadors Cruise Group, LLC has completed its acquisition of American West Steamboat Company LLC and related entities ("American West Cruises"), one of North America's premier river and coastal cruise companies. The signing of a definitive agreement was previously announced on December 27, 2005.

Contracts

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Cruise Ship Trends

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Pods Versus Water Lubricated Props

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