Europa Cruises Corporation Reports Resignation of Outside Director
MADEIRA BEACH, Fla., Sept. 17 /PRNewswire/ -- Europa Cruises Corporation (OTC Bulletin Board: KRUZ - news) announced today that one of its outside Directors, Paul J. DeMattia, resigned effective September 15, 2001.
In his letter of resignation, Mr. DeMattia, who has been a Director since February 1998, stated: ``I have enjoyed my relationship with Europa. However, I must dedicate more of my time and energy to my business and can no longer serve as an effective Director. I believe the Company is now in a financially stable position with an appreciating asset in Mississippi. I wish you all good luck.''
Deborah A. Vitale, President and Chairman of the Board of Directors, commenting on Mr. DeMattia's resignation, stated: ``Mr. DeMattia has been a valuable asset to our Company and we will miss his presence and participation on our Board of Directors. We are grateful for his time, direction and dedication to the Company during some truly difficult times. We wish Mr. DeMattia the very best of success in his own business.
``May I take this occasion, on behalf of the Board of Directors and shareholders of Europa Cruises Corporation, to extend our deepest sympathies to all of those touched by Tuesday's tragic events. Our thoughts and prayers are with the families, friends and colleagues of the innocent victims and the many heroes whose lives were lost trying to save them.''
Europa Cruises Corporation, through its wholly-owned subsidiary, Casino World, Inc., intends to build a themed, destination casino resort and hotel at its 404-acre site on the Bay of St. Louis in Diamondhead, Mississippi. The Company is now actively engaged in the process of seeking a joint venture partner for its Diamondhead project. |
