Premier's S.S. OceanBreeze Sold To Imperial

June 1, 2000

Imperial Majesty Cruise Line purchased the S.S. OceanBreeze from Premier Cruise Lines, said President Arthur M. Pollack. The total value of the deal, including the purchase price and planned upgrades to the vessel, is in excess of $16 million. "The purchase of the OceanBreeze reaffirms our commitment to the short-term cruise concept and the South Florida market," said Pollack. The OceanBreeze began to sail under its new ownership on May 20. As soon as practical, Imperial Majesty plans to redesign the hotel, including all cabins and public areas, and will be upgrading all onboard services and activities to further enhance the guest experience. Upgrades will take place this fall, during the vessel's regularly scheduled annual maintenance. To ensure continuity of the cruise line's service and product, Imperial Majesty has hired the ship's most recent captain, Antonios Psyallakis, as well as other key executive personnel. Additional new members of the management team include Emilio Tsokopoulos as Vice President-Marine Operations and Arnold Deutschl as Director of Hotel Operations.

Premier's S.S. OceanBreeze Sold To Imperial

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