Business Briefs

Reported by Star-Bulletin staff & wire

Monday, May 6, 1996

Isle cruise ship parent announces
management change

American Classic Voyages Co., parent of American Hawaii Cruises and Delta Queen Steamboat Co., on Monday announced a new management structure, based in New Orleans, in which A.C. "Tony" McKinnon, American Hawaii president, becomes president of both subsidiaries.

McKinnon, based in corporate headquarters in Chicago since August 1994, will move to New Orleans when the change goes into effect June 12. Others in the new management structure in New Orleans will be Scott Young, chief operating officer, and Russell E. Varvel, executive vice president and general sales manager.

The company said that while the Hawaii and mainland-river cruise experiences are very different, combining certain functions will increase overall efficiency and profitability.

The company operates one cruise ship in Hawaii, the S.S. Independence, and three paddlewheel steamboats on U.S. inland waterways: Delta Queen, Mississippi Queen and the new American Queen.


RII stock delisted by American Exchange

Resort Income Investors Inc. has been delisted by the American Stock Exchange because it no longer meets Amex standards. The real estate investment trust, founded by former Hawaii resort developer Christopher B. Hemmeter, lent startup capital for resorts and gaming facilities. It has been in a process of liquidation since mid-1995.

Hemmeter is no longer involved with operations.

RII stock was delisted by the exchange effective May 1 and will no longer appear in the Star-Bulletin list of Hawaii-connected stocks.


Small business event planned for Wednesday

An all-day seminar at the Blaisdell Exhibition Center on Wednesday for operators of small businesses will feature the latest in electronic marketing and data exchange, and tips on marketing and entrepreneurship.

Accompanied by a trade show with some 240 exhibitors, Small Business on the Move Expo '96 will feature Rieva Lesonsky, editor in chief of Entrepreneur Magazine, as the luncheon keynote speaker on the role of small business in the economy.

Other speakers include "Rocket" Ray Jutkins, a direct-marketing expert.

Organized by the Small Business Council of the Chamber of Commerce of Hawaii, the event is sponsored by Bank of America Hawaii. It begins with a 7 a.m. breakfast and ends with a 5:30 p.m. to 7:30 p.m. social function.


For more local, national and international business news,
see the Hawaii Inc. section in today's Honolulu Star-Bulletin.



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