Discovery Cruise Signs Letter of Intent to Sell

Discovery Cruise Announces Signing of Letter of Intent to Sell

Acquisition Would Be by Global United, a Bahamian Corporation

MIAMI, Jan. 19 
Mr. Rafael A. Ordonez, the owner of Discovery Cruise Line, announced that he has signed a Letter of Intent for the sale of the assets of the company to Global United Limited, a Bahamian corporation. Terms were not disclosed.

Discovery began sailing to the Bahamas in 1987 and has an outstanding record of uninterrupted service for the past 19 years. The cruse line carries more than 200,000 passengers to the Bahamas annually, and to date has carried over 4 million passengers to this popular destination.

Global United, in announcing the signing of the Letter of Intent in Nassau, confirmed that it would maintain the current route structure of Discovery, which sails daily from Port Everglades in Ft. Lauderdale, Florida to Freeport, Grand Bahama Island. Global also stated its intention to retain the management and staff of Discovery in Miami.