Ambassadors Group Declares Quarterly Dividend
May 02 2007 - 5:00PM
Business Wire
Ambassadors Group, Inc. (NASDAQ:EPAX) (�Company�), a leading
provider of educational travel experiences, announced today that
its Board of Directors declared a quarterly dividend of $0.115 per
share, which will be paid on June 1, 2007, to all common
stockholders of record on May 17, 2007. The Board of Directors
continually reviews the Company�s dividend policy to ensure
compliance with capital requirements, regulatory limitations,
financial position and other conditions, which may affect the
Company�s desire or ability to pay dividends in the future. The
Company also announced today that Dale F. Frey�s term as a Class I
Director of the Company expired. Mr. Frey did not stand for
re-election at the Company�s 2007 Annual Meeting of Stockholders.
Mr. Frey�s resignation did not relate to any disagreement with the
Company. Jeff Thomas, president and chief executive officer of the
Company, stated, �Dale Frey has been a strong contributor to our
Board of Directors. We have appreciated his insight and guidance
over the last several years. We wish him continued success in his
new endeavors.� Business Overview Ambassadors Group, Inc. is a
leading educational travel organization 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. Its professional programs emphasize meetings and
seminars between participants and persons in similar professions
abroad. The Company is headquartered in Spokane, Washington with
associates also in Washington, D.C. Forward-Looking Statements
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 in 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 9, 2007 and
proxy filed April 2, 2007.
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