Chairman of Commodore Holdings Responds to Shareholder Inquiries.Business & Travel Editors HOLLYWOOD, Fla.--(BUSINESS WIRE)--April 13, 2000 Responding to shareholder inquiries about the current low price of its stock, Jeffrey I. Binder, chairman of Commodore One of the first personal computer companies. In 1977, Commodore Business Machines, West Chester, PA, introduced the PET computer and launched the personal computer industry along with Apple and Radio Shack. In 1982, it introduced the Commodore 64 (64K RAM) and later the Commodore 128. Holdings Limited (Nasdaq:CCLN) today offered his perspective on current corporate activities and the recent fall of NASDAQ stocks. "This week we are launching a new ship, the Enchanted en·chant tr.v. en·chant·ed, en·chant·ing, en·chants 1. To cast a spell over; bewitch. 2. To attract and delight; entrance. See Synonyms at charm. Sun, out of California. In two weeks we'll begin a nearly sold out Bermuda season with our upscale new cruise brand, Crown Cruise Line A cruise line is a company that operates cruise ships. Cruise lines have a dual character; they are partly in the transportation business, and partly in the leisure entertainment business, a duality that carries down into the ships themselves, which have both a crew headed by the , launched just last November," said Binder, chairman of Commodore Holdings Limited. "The fundamentals of our business are on target, there is no reason for a drop in our share price. We attribute this drop to the general fall of NASDAQ stocks and the calendar - we're just days away from April 15th, the annual tax filing deadline." "We're ending our fourth year as a public company and just now hitting our stride. We went public in July of 1996 with one ship under one brand. By the end of this week we will have four distinct cruise brands sailing to ports around the world. The ships are operating near capacity with happy passengers. I look forward to a time when the market recognizes the inherent value we've built into Commodore Holdings." Binder added. About the Commodore Family South Florida-based Commodore Holdings Limited (Nasdaq:CCLN), with approximately $200 million in assets, operates Commodore Cruise Line and Crown Cruise Line. Commodore Cruise Line, a veteran of the cruise business, began operations in 1966 and is known for pioneering new routes and innovative cruise packages. Commodore's "Classic Ships with Southern Charm" were selected by Travel Holiday magazine as "The Best Cruise for the Money" and as one of "The Top 10 Best Values" in America in a poll of 11,000 cruisers This is a so far incomplete list of cruisers 1860-present. It includes protected, light, armoured, battle-, heavy and missile cruisers. Dates are launching dates. Argentina
The newly formed upscale brand, Crown Cruise Line is ideal for passengers seeking a more sophisticated and higher quality cruise at a moderate price. Cruisers "Enjoy the Good Life" onboard the 4 1/2 star Crown Dynasty offering a full array of luxuries in an elegant, yet intimate atmosphere. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. "The Guide to Cruises", the Crown Dynasty "is one of the prettiest ships of the 1990s with a sleek contemporary profile. Its warm interiors and quality furnishings convey a deluxe small-ship feeling with modern cruise ship facilities." With seasonal sailings from Aruba and Bermuda, Crown Cruise Line offers a balanced mix of options for beach and water sports water sports Urophilia, see there , scenic and historic sightseeing and shopping at several ports not typically visited by larger ships. Visit Crown's website at www.crowncruiseline.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which are subject to change. These forward-looking statements may be significantly impacted, either positively or negatively by various factors, including without limitation, competing in a saturated industry against modern and larger fleets, the ability of the company to obtain financing for the acquisition of additional vessels, the potential for additional maintenance to aging vessels and general economic conditions in the cruise and gaming industries and the markets in which the company operates. Additional information concerning potential factors that could affect the company's financial results is included in, but not limited to, its form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other filings with the Securities and Exchange Commission. |
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