Ambassadors International Inc.: The Newport Beach organizer...

Ambassadors International Inc.: The Newport Beach organizer and operator of specialized travel programs reported net income of $4.8 million, or 72 cents a share, for the second quarter, up from net income of $4 million, or 81 cents a share, for the 1995 second quarter. Revenue increased $22% to $10 million from $8.2 million. For the first six months of 1996, net income was $3.3 million, or 50 cents a share, 22% higher than the $2.7 million, or 53 cents a share, posted a year ago. Revenue was up 28% to $10.6 million from $8.3 million.