Article: Ambassador Apartments Announces Earnings Estimate for 1997 Funds From Operations; Will Engage Advisor to Maximize Shareholder Value; Commitment Received to Extend Secured Line of Credit; Resignation of Adam Peterson as CFO; and Conference Call Scheduled for 8:00AM Eastern Time, Tuesday, August 26

CHICAGO, Aug. 25 /PRNewswire/ -- Note: Except for historical matters, the matters discussed in this release are forward looking statements that involve risks and uncertainties. The company wishes to caution readers that in addition to the important factors described in its 10-K, 10-Qs and other filings with the Securities and Exchange Commission, the following important factors, among others, sometimes have affected and in the future could affect the company's actual results and could cause the company's actual results during fiscal 1997 and beyond to differ materially from those expressed in any forward looking statements made by or on behalf of the company. Risks ...

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