Commodore Holdings Ltd. shares now trade in NASDAQ National Market.HOLLYWOOD, Fla.--(BUSINESS WIRE)--July 16, 1996--Commodore Holdings Ltd. (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 :CCLNF), a Bermuda corporation and parent of Commodore Cruise Line, began trading July 16, 1996, in the NASDAQ National Market, Frederick A. Mayer, chief executive officer of Commodore Cruise Lines, announced. First Hanover Securities is acting as the underwriter for the company's initial public offering. Commodore Holdings Ltd., whose common stock trading symbol Trading symbol See: Ticker symbol is CCLNF, has over 45 million dollars in assets which include South Florida-based Commodore Cruise Lines and its two 840-passenger cruise vessels, the SS 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. ISLE and SS UNIVERSE EXPLORER. Commodore Cruise Line specializes in well-defined niche market products. The SS ENCHANTED ISLE sails on 7-day cruises from the Port of New Orleans The Port of New Orleans is a port located in New Orleans, Louisiana. It is the 5th largest port in the United States based on volume of cargo handled, second-largest in the state after the Port of South Louisiana, and 12th largest in the U.S. based on value of cargo. to Mexico and the Caribbean, a successful route for the line for over 13 years in the leisure-value niche market. The SS UNIVERSE EXPLORER is operated by the company and its joint venture with the Seawise Foundation. The ship operates a 100-day fall and a 100-day spring around-the-world "semester at sea Semester at Sea (SAS) is a study abroad program managed by the Institute for Shipboard Education (ISE) in Charlottesville, Virginia. The University of Virginia is the academic sponsor for the program. " accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. programs administered by the Institute for Shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. Education and academically sponsored by the University of Pittsburgh. The study program has been in existence for over 20 years. During the summer recess, the SS UNIVERSE EXPLORER operates, on behalf of the company and the joint venture, 7- and 14-day cruises to Alaska including calls to Glacier Bay, a program conducted by World Explorer Cruises during the last 19 years. The SS UNIVERSE EXPLORER's 15,000-volume library, seven class rooms, auditorium, fully equipped computer lab, and full audio/visual capabilities provide the college students and adult participants a unique and dynamic learning environment. "The initial public offering will position us to seize new opportunities for expansion in the niche cruise markets," said Mayer. Commodore Holdings Ltd. is headquartered at 4000 Hollywood Blvd., Suite 385, South Tower, Hollywood, Fla. 33021, telephone 954/967-2100. CONTACT: Commodore Holdings Ltd. (media contact) Gail Santee, 954/967-2114 or First Hanover Securities (investor contact) 212/269-3520 |
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