SPOKANE, Wash., March 9, 2009 (GLOBE NEWSWIRE) -- Ambassadors Group, Inc. (Nasdaq:EPAX), a leading provider of educational travel experiences, today announced that the company, via a subsidiary to provide travel for adventure-based student trips, has entered into a five-year license agreement with Discovery Education, Inc. The agreement grants the subsidiary exclusive rights to license all-inclusive land-based group travel packages for 5th through 12th grade students to destinations outside of North America. Travel for these programs is not planned to commence until 2010.
Ambassadors Group through its subsidiaries is a leading educational travel provider that has traveled over 400,000 citizens to 49 countries on all seven continents of the world for over 40 years.
About Ambassadors Group
Ambassadors Group, Inc. (Nasdaq:EPAX) is a socially conscious, education company located in Spokane, Washington. Ambassadors Group is the parent company of People to People Ambassador Programs, as well as Book Rags, an educational research website. The company also oversees the Washington School of World Studies, an accredited travel study and distance learning school.
Forward-Looking Statements
This press release contains forward-looking statements regarding our actual and expected financial performance and the reasons for variances between period-to-period results. 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 met. For a more complete discussion of these and other factors, please refer to the Ambassadors Group, Inc. 10-K filed March 6, 2008 and proxy statement filed April 8, 2008.
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