Donner Corp. International Reiterates Speculative Buy Recommendation On Exclusive Cruises & Resorts
SANTA ANA, Calif., March 30 /PRNewswire/ -- The following is being issued by Donner Corporation International, a member of the National Association of Securities Dealers, CRD number 37702.
Donner Corp. International, an Investment Banking firm headquartered in Santa Ana, Calif., today reiterated its Speculative Buy Recommendation on Exclusive Cruises & Resorts, Inc. (OTC Bulletin Board: XCLU), Miami Beach, Fla. Exclusive Cruises & Resorts will operate smaller cruise ships in niche markets largely for sophisticated travelers with the time and money who want personal attention.
The Donner reiteration is based on the announcement by Exclusive Cruises & Resorts that it has exercised its option to purchase 51 percent of Club Mykonos, a famous 40-unit resort hotel on the jet-set Greek island of Mykonos, for $1.25 million. Club Mykonos is a beachfront boutique hotel located in an area that is frequently visited by worldwide vacationers.
Acquisition of this first major international property for the company is a solid indication that it will fulfill its business strategy of providing quality travel locations and cruises for sophisticated, wealthier clientele, Donner said.
Donner previously said it believed Exclusive Cruises & Resorts' stock is undervalued considering the rapidly growing worldwide demand for more personal, less hectic vacation experiences, the almost total lack of competition in the small luxury cruise ship industry, and the Company's experienced, dedicated management team.
Copies of the Donner report on Exclusive Cruises & Resorts are available at 1-800-324-6050.
(The information contained herein is based on sources believed to be reliable but is not guaranteed by this company and is not comprehensive. It is not to be construed as an offer or the solicitation of an offer to sell or buy securities mentioned herein. The Company, its members, affiliates and employees may have long or short positions, which could be substantial, in securities discussed or recommended and may purchase, sell, or trade these securities from time to time in the open market or otherwise. In addition, this Company may from time to time perform investment banking, corporate finance, provide services for, and solicit investment banking, corporate finance, or other business from the issuers of such securities for a fee.)
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SOURCE: Donner Corporation International
CONTACT: Donner Corp. International, 800-324-6050 |
