RESIDENCECLUB.COM DELIVERS ONLINE NEWS FOR THE PRIVATE RESIDENCE CLUB INDUSTRY

NEW WEBSITE OFFERS COMPREHENSIVE INFORMATION
ABOUT PRIVATE RESIDENCE CLUBS

Park City, UT- October 8, 2003 - ResidenceClub.com distributed its first online Residence Club Newsletter today, thereby initiating the launch of www.residenceclub.com, an online resource reporting on the facts, trends, products and lifestyles of the private residence club (PRC) industry.

ResidenceClub.com offers PRC owners, consumers, companies and professionals a comprehensive, third-party information source. Browsers can research developments and locations, compare residence club profiles, learn about future projects and assess cost comparisons versus whole ownership. The site will also be a tool for membership resales, rental opportunities and exchange programs, in addition to providing monthly articles, interviews and news from within the industry.

"Private residence clubs are experiencing rapid growth in the vacation real estate market, but traditional second home buyers have a lot of unanswered questions," states Editor Conrad Elliott. "Our new site is a one-stop consumer resource for unbiased reports about ownership concepts, product variations and the pros and cons of fractional real estate."

ResidenceClub.com will circulate new issues monthly, via email. You may subscribe online to receive the monthly newsletter.

About Private Residence Clubs

Private residence clubs are fractional real estate products conceived and designed as an alternative to vacation homes and timeshare offerings. Ownership is typically evidenced by a real estate deed, which may be sold, transferred or willed like any other form of real estate.

PRC ownership is most closely compared to membership in a private equity golf country club, except owners reserve lodging rather than tee times. Owners jointly own the residences, clubhouse and other facilities and have unlimited use of their club throughout the year, subject to reservation policies.

The PRC concept was introduced in the early '90s at Deer Valley Resort in Park City, Utah, as the Deer Valley Club. The project's owner satisfaction and increased profits sparked an industry that now recognizes more than 75 PRC developments worldwide, featuring mountain, beach, golf and urban resort settings.