Ambassadors Group

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Ambassadors Group, Inc. is a Spokane, Washington-based company that runs educational travel programs for students. It began as part of Ambassadors International, Inc. and became a separate company in 2002. The company trades on Nasdaq under the ticker EPAX and has a history rooted in cultural exchange and study abroad programs.

Key facts
- Founded: 1967, Spokane, Washington
- Industry: Educational travel
- Revenue (FY 2009): $98.6 million
- Operating income (FY 2009): $32.2 million
- Net income (FY 2009): $20.3 million
- Total assets (FY 2009): $128 million
- Total equity (FY 2009): $91.0 million
- CEO (2009): Jeffrey Thomas (about $1.7 million in compensation)

Travel programs and growth
- The company has close ties with the People to People Student Ambassador Program and other cultural exchange groups.
- Travelers served: 41,929 in 2008; 34,248 in 2009.
- 2010 estimate: 26,674 travelers (about a 22% decrease from 2009).

Subsidiary
- BookRags: An online educational site offering study guides and literature resources. Ambassadors Group acquired BookRags in 2008 for about $18 million. Based in Chicago, it provides summaries, analysis, and other study aids for thousands of works.