Ambassador Programs Inc. acquires American People Ambassador Programs.SPOKANE, Wash.--(BUSINESS WIRE)--Feb. 7, 1996--Ambassador Programs Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMIE AMIE AIS (Automated Information System) Meteorological Information Equipment AMIE Automated Medical Information Exchange AMIE Advanced/Moon Micro-Imaging Experiment (NASA) ) announced today that it has acquired American People An American people may be:
Both Ambassador Programs Inc. and American People Ambassador Programs provide travel services and programs for People to People International Inc., a non-profit corporation with headquarters in Kansas City, Mo. People to People was started by Dwight Eisenhower to enhance the prospects for peace by facilitating non-governmental "people to people" contact between nations. John Ueberroth, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ambassador Programs Inc., said: "This acquisition will enable Ambassador Programs to further enhance the growth opportunities in the adult professional exchange market. Marc Bright, the principal of American People Ambassador Programs, will continue his hands-on involvement in the business by becoming an employee of Ambassador Programs Inc. He will use his 23 years of experience in this field to contribute to the high quality of our existing and future programs, as well as increase our body of direct mail knowledge." Ambassador Programs Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Ambassadors International Inc. (Newport Beach, Calif.) that develops, markets and operates international educational travel programs for students and adults. Terms of the transaction were not disclosed. CONTACT: John Ueberroth, 714/720-9646 |
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