EPAX (MM)

Ambassadors Group, Inc. (NASDAQ:EPAX), a leading provider of educational travel experiences, announced the appointment of Chadwick J. Byrd as the company's new Chief Financial Officer, effective July 8, 2005. Mr. Byrd has 10 years of experience as a senior financial executive, including his most recent tenure with Fred Olsen Energy ASA. Colleen McCann-Lillie has resigned as the Chief Financial Officer of Ambassadors Group and will remain with the company in the role of Chief Financial Officer of Ambassador Programs, Inc., the company's primary operating subsidiary. Jeff Thomas, CEO and President of Ambassadors Group, Inc., stated, "We believe that business is a team sport, and we continue to build a stronger team each year. The addition of Chadwick Byrd adds new skills and experiences to our management team, as well as our finance and accounting group. We are also enthusiastic that Colleen McCann-Lillie will continue to focus on building a better operating group in Spokane. We are fortunate that our organization's mission, values and culture enable us to keep adding talent." Mr. Byrd served as the Chief Group Controller for Fred Olsen Entergy ASA in Oslo, Norway since 2004. He also served as the Corporate Controller and Financial Controller between 1999 and 2003 with Fred Olsen. Headquartered in Oslo, Norway, Fred Olsen provides international exploration and production services to the offshore oil and gas industry. Before joining Fred Olsen, Mr. Byrd was employed by KPMG as a Senior Financial Consultant between 1995 and 1999. Ambassadors Group, Inc. is a leading educational travel company that organizes and promotes international and domestic programs for students, athletes, and professionals. These programs provide the opportunities for grade school, junior, and senior high school students to visit foreign and domestic destinations to learn about the history, government, economy and culture of such areas, as well as for junior and senior high school athletes to participate in international sports challenges. Our professional programs emphasize meetings and seminars between participants and persons in similar professions abroad. We are headquartered in Spokane, Washington, with associates also in Playa Vista, California; Denver, Colorado; and Washington, D.C. Forward-Looking Statements This press release contains forward-looking statements regarding our management focus and expertise. Forward-looking statements, which are included per the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause our actual results and performance in future periods to be materially different from any future results or performance suggested by the forward looking statements in this release. Such forward-looking statements speak only as of the date of this release and may not reflect risks related to the conflict in the Middle East and international unrest, outbreak of disease, conditions in the travel industry, direct marketing environment, changes in economic conditions and changes in the competitive environment. We expressly disclaim any obligation to provide public updates or revisions to any forward-looking statements found herein to reflect any changes our expectations or any change in events. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained. For a more complete discussion of these and other factors, please refer to the Ambassadors Group, Inc. 10K filed March 15, 2005, proxy filed April 14, 2005, and 10Q filed May 6, 2005.