Commodore Holdings Limited Announces Charter for Enchanted Sun.Business & Travel Editors HOLLYWOOD, Fla.--(BUSINESS WIRE)--Aug. 21, 2000 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) announced today that it entered into a binding letter of intent to charter 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 to a day cruise operator in the Galveston, Texas
"We are pleased to have found this charter opportunity," said Jeffrey I. Binder, Commodore's chairman, "as this will allow us time to explore a long term deployment of this ship while still providing adequate cash flow to cover our debt service obligation on this ship." Commodore expects to execute a definite charter agreement for the Enchanted Sun later this month. A veteran of the cruise business, Commodore 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 began operations in 1966 and is known for pioneering new routes and innovative cruise packages. South Florida-based Commodore Holdings Limited, with approximately $175 million in assets, operates Crown Cruise Line and Commodore Cruise Line, which was selected by Travel Holiday magazine as "the best cruise for the money" and was chosen as one of the "The Top 10 Best Values" in a poll by members of America Online See AOL. . The Commodore Holdings Limited website is www.commodorecorp.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 to fund its continued operations and for the acquisition of additional vessels, a high percentage of debt on assets owned by the company, the company's deficit working capital position, the potential for additional government regulation and 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. For media or investor information, please contact Laura Bennett Laura Bennett (born August 2, 1963 in New Orleans, Louisiana) is an American architect and fashion designer and one of the four finalists on Season 3 of the Bravo series Project Runway. , 407/425-6040. |
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