Ambassadors Group, Inc. Q1 2010 Earnings Call Transcript

Ambassadors Group, Inc. (EPAX)

Q1 2010 Earnings Call Transcript

April 22, 2010 11:30 am ET

Executives

Jeff Thomas – President and CEO

Peg Thomas – President, People to People Ambassador Programs

Kristi Gravelle – Interim CFO

Analysts

Gregory McKinley – Dougherty & Co

Mike Roarke – McAdams Wright Ragen

James Bellessa – DA Davidson

Dan Smith [ph]

Presentation

Operator

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Good morning ladies and gentlemen and welcome to the Q1 2010 Ambassadors Group Inc. earnings conference call. My name is Jamie Ikenberg, and I’ll be your coordinator for today.

I would like to turn the call over to your host for today’s conference Mr. Dina Presnow [ph], Director of Financial Planning and Analysis. Please proceed Ms. Presnow.

Dina Presnow

Thank you. Good morning. On the call with me today is Jeff Thomas, President and Chief Executive Officer of Ambassadors Group; Peg Thomas, President of the Operating Subsidiary Ambassador Programs; Kristi Gravelle, Interim Chief Financial Officer of Ambassadors Group; Jim Kreyenhagen, President of BookRags; and

Susannah Stoltz representing Discovery Student Adventures.

First, before we proceed into the call, I will read the Safe Harbor statements regarding forward-looking statements. Statements contained in this press conference and related comments by Ambassadors Group’s management which are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27-A of the Securities Act of 1933 as amended, and Section 21-E of the Securities Exchange Act of 1934 as amended.

These forward-looking statements include without limitation, statements that relate to expectations concerning matters that are not historical facts. Word such as projects, believes, anticipates, plans, expects, intends, estimates and similar words and expressions are intended to identify forward-looking statements.