NEW YORK, July 18, 2018 /PRNewswire/ -- Lindblad
Expeditions Holdings, Inc. (NASDAQ: LIND; "Lindblad", the
"Company"), the global leader of expedition cruises and adventure
travel experiences, today announced that its Board of Directors has
authorized the building of a new polar expedition ship. This
state-of-the-art vessel, which is anticipated to be delivered in
2021, will be the next phase of Lindblad's fleet expansion
following the launch of the National Geographic Quest in
July 2017, the addition of the
National Geographic Venture in December 2018 and the delivery of the National
Geographic Endurance in the first quarter of
2020.
As demand for high quality and authentic expedition travel
continues to accelerate, both through market expansion as well as
from sustained investment in their marketing and sales
infrastructure, Lindblad is committed to expanding capacity to
provide a growing audience with the opportunity to explore the
world's most unique and remote locations.
This will be the fourth polar vessel in the Lindblad
Expeditions-National Geographic fleet, joining the National
Geographic Explorer and the National Geographic Orion,
currently in operation, and the National Geographic
Endurance, which is scheduled for delivery in early 2020.
The new vessel will be designed as the ultimate expedition platform
with a focus on immersing our guests in these amazing
geographies.
Sven-Olof Lindblad, President and
Chief Executive Officer, said "We are extremely excited to announce
the further expansion of our expedition fleet. This is the
next step of our long-term growth strategy to capitalize on the
expanding demand for high quality adventure travel. By
marrying additional capacity with a dedicated and growing loyal
customer base and fifty years of experience, we will be able to
build upon our proven track record of delivering unparalleled
expeditions to the world's most remarkable destinations."
About Lindblad Expeditions Holdings, Inc.
Lindblad Expeditions Holdings, Inc. is an expedition travel
company that works in partnership with National Geographic to
inspire people to explore and care about the planet. The
organizations work in tandem to produce innovative marine
expedition programs and to promote conservation and sustainable
tourism around the world. The partnership's educationally oriented
voyages allow guests to interact with and learn from leading
scientists, naturalists and researchers while discovering stunning
natural environments, above and below the sea, through
state-of-the-art exploration tools. For more information visit us
at www.expeditions.com.
Forward Looking Statements
Certain matters discussed in this press release are
"forward-looking statements" intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include the Company's financial projections and may also generally
be identified as such because the context of such statements will
include words such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "plan," "potential," "predict,"
"project," "should," "will," "would" or words of similar import.
Similarly, statements that describe the Company's financial
guidance or future plans, objectives or goals are also
forward-looking statements. Such forward-looking statements are
subject to certain risks and uncertainties that could cause results
to differ materially from those expected, including, but not
limited to, the following: (i) changes adversely affecting the
business in which the Company is engaged; (ii) management of the
Company's growth and its ability to execute on its planned growth;
(iii) general economic conditions; (iv) the Company's business
strategy and plans; (v) unscheduled disruptions in our business due
to weather events, mechanical failures, or other events; (vi)
compliance with laws and regulations; (vii) compliance with the
financial and/or operating covenants in the Company's Third amended
and restated credit agreement; (viii) adverse publicity regarding
the cruise industry in general; (ix) loss of business due to
competition; (x) the result of future financing efforts; (xi) the
inability to meet revenue and Adjusted EBITDA projections; (xii)
delays and costs overruns with respect to the construction and
delivery of newly constructed vessels; and (xiii) those risks
described in the Company's filings with the SEC. Stockholders,
potential investors and other readers are urged to consider these
factors carefully in evaluating the forward-looking statements and
are cautioned not to place undue reliance on such forward-looking
statements. The forward-looking statements made herein are made
only as of the date of this press release and the Company
undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events
or otherwise. More detailed information about factors that may
affect the Company's performance may be found in its filings with
the SEC, which are available at http://www.sec.gov or at
http://www.expeditions.com in the Investor Relations section of the
Company's website.
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SOURCE Lindblad Expeditions Holdings, Inc.