X0202 4 2005-03-21 0 0000946842 AMBASSADORS INTERNATIONAL INC AMIE 0001162627 MLF INVESTMENTS LLC 2401 WEST BAY DRIVE SUITE 124 LARGO FL 33770 0 0 1 0 0001003947 FESHBACH MATTHEW L 2401 WEST BAY DRIVE, SUITE 124 LARGO FL 33770 0 0 1 0 0001275883 MLF OFFSHORE PORTFOLIO CO LP C/O BANK OF BERMUDA (CAYMAN) LIMITED 6 FRONT STREET HAMILTON, HM11 0 0 1 0 0001276095 MLF CAYMAN GP LTD C/O BANK OF BERMUDA (CAYMAN) LIMITED 6 FRONT STREET HAMILTON, HM11 0 0 1 0 0001276116 MLF CAPITAL MANAGEMENT LP BANK OF BERMUDA (CAYMAN) LIMITED 6 FRONT STREET HAMILTON, HM11 0 0 1 0 0001260441 MLF PARTNERS L P 2401 WEST BAY DRIVE, SUITE 124 LARGO FL 33770 0 0 1 0 0001304015 MLF Holdings LLC 2401 WEST BAY DRIVE SUITE 124 LARGO FL 33770 0 0 1 0 Common Stock, $.01 par value per share 2005-03-21 4 P 0 18000 15.0000 A 1931913 I MLF Offshore Common Stock, $.01 par value per share 2005-03-21 4 P 0 12000 14.6700 A 1943913 I MLF Offshore This Form 4 is jointly filed by MLF Investments, LLC (MLFI), Matthew L. Feshbach, MLF Partners, L.P. (MLFP), MLF Offshore Portfolio Company, L.P. (MLF Offshore), MLF Cayman GP, Ltd. (MLF Cayman), MLF Capital Management L.P. (MLF Capital), and MLF Holdings LLC (MLF Holdings). MLFI, MLF Holdings, MLF Capital, MLF Cayman, MLF Offshore and Mr. Feshbach are deemed to be 10% owners of the Issuer. These securities are owned directly by MLF Offshore and owned indirectly by (i) MLF Capital by virtue of it being the general partner of MLFP, (ii) MLF Holdings by virtue of its being the general partner of MLF Capital, (iii) MLFI by virtue of it being the investment advisor/manager of MLFP and (iv) by Mr. Feshbach by virtue of his postion as the managing member of MLFI. Each of MLFI, Mr. Feshbach, MLF Cayman, MLF Capital, MLF Holdings and MLFP disclaims beneficial ownership of the shares owned by MLF Offshore except to the extent of their respective pecuniary interests therein. By: MLF Investments, LLC, By: /s/ Matthew L. Feshbach 2005-03-23 By: /s/ Matthew L. Feshbach 2005-03-23 By: By: MLF Cayman G.P., Ltd., its general partner, By: /s/ MLF Capital Management, L.P., its sole shareholder, By: MLF Holdings, LLC, its general partners, By: /s/ Matthew L. Feshbach, its President 2005-03-23 By: By: /s/ MLF Capital Management, L.P., its sole shareholder, By: /s/ Matthew L. Feshbach, its President 2005-03-23 By: By: MLF Holdings LLC, its general partner, By: /s/ Matthew L. Feshbach, Managing Member 2005-03-23 By: By: MLF Capital Management, L.P., its general partner, By: MLF Holdings, LLC, its general partner, By: /s/ Matthew L.Feshbach, its President 2005-03-23 By: MLF Holdings LLC, /s/ Matthew L. Feshbach, Managing Member 2005-03-23