WEST HARTFORD, CT -- (Marketwire) -- 07/17/09 -- The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Eastern District of Washington on behalf of those who purchased the common stock of Ambassadors Group, Inc. ("Ambassadors Group" or the "Company") (NASDAQ: EPAX) between February 8, 2007 and October 23, 2007, inclusive (the "Class Period").

The Complaint charges that Ambassadors Group and certain of its officers and directors violated federal securities laws. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: (i) the Company was experiencing a lower conversion rate from people attending its informational meetings to booking travel; (ii) that there was a decrease in the number of enrolled participants for the Company's 2008 travel programs, especially in its international outbound programs; (iii) that the Company had utilized a different database in order to promote its travel programs to prospective clients; and (iv) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects. As a result of defendants' false and misleading statements, Ambassadors Group stock traded at artificially inflated prices during the Class Period, reaching a high of $40.99 per share on October 18, 2007.

If you are a member of the class, you may, no later than September 14, 2009, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: www.izardnobel.com/ambassadorsgroup/, or contact Izard Nobel LLP toll-free at (800) 797-5499, or by e-mail: firm@izardnobel.com. For more information about class action cases in general, please visit our website: www.izardnobel.com.