September 1, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Ambassadors Group Inc (NASDAQ:EPAX) shares over potential securities laws violations by Ambassadors Group Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ambassadors Group Inc (NASDAQ:EPAX) concerning whether a series of statements by Ambassadors Group Inc (NASDAQ:EPAX regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On July 13, 2015 Ambassadors Group Inc announced that it will cease operations and close its student and adult travel business by the end of 2015. Ambassadors Group Inc said it has experienced declining revenues and declining travelers for several years and has explored strategic alternatives and marketing models. Ambassadors Group Inc stated that having evaluated such alternatives, it determined that an orderly closing of its business is the prudent course on behalf of shareholders and that on July 27, 2015, it will commence downsizing of its staff and operations.

Ambassadors Group Inc reported that its annual Total Revenue declined from $66.44 million in 2011 to $39.56 million in 2014 and that its Net Income of $2.96 million turned into a Net Loss of $17.54 million in 2014. Shares of (NASDAQ:EPAX) declined from $11.53 per share in early 2011 to as low as $1.50 per share on July 14, 2015.