WhereDaily News: Ambassadors Group to Close Student Travel Business
SPOKANE, WA--(Marketwired - Jul 13, 2015) - Ambassadors Group, Inc. (NASDAQ: EPAX) announced today that it will cease operations and close its student and adult travel business by the end of 2015. The Company has experienced declining revenues and declining travelers for several years and has explored strategic alternatives and marketing models. Having evaluated such alternatives, the Company determined that an orderly closing of its business is the prudent course on behalf of shareholders. On July 27, 2015, the Company will commence downsizing of its staff and operations.