Exclusive Resorts Solidifies Leadership

Exclusive Resorts(TM) today announced several milestones that solidify its
leadership position in an innovative new business that dramatically
evolves the vacation real estate and luxury travel businesses by making
luxury vacation homes accessible and affordable to more people than ever
before.
Exclusive Resorts is a club that provides its members guaranteed anytime,
anywhere access to its extensive portfolio of homes in the world`s
greatest destinations. Members have full access to all of Exclusive
Resorts` destinations and can select different homes—averaging $2.5
million—for different vacations. Exclusive Resorts` properties combine
the size and elegance of private vacation homes with the conveniences and
amenities of luxury resorts. Members pay less to use all of Exclusive
Resorts` homes than they would pay for the down payment and yearly costs
of owning just one home. As a result, members have greater variety,
greater flexibility, avoid the typical hassles of home ownership and save
money.

Steve Case, co-founder of AOL and one of the world`s leading business
visionaries, purchased a 50 percent ownership stake in Exclusive Resorts
this past summer, and recently agreed to join its Board of Directors. Case
said his investment represented part of a strategic portfolio of post-AOL
investments. Case intends to partner with a handful of entrepreneurs that
are developing innovative approaches and breakthrough business models that
give consumers more choice, control and convenience.

Case said: “I believe Exclusive Resorts has identified an under-served
market and has developed a compelling model for filling that need. Just as
the concept of the mortgage made home ownership a reality for many more
families, the Exclusive Resorts membership concept opens the doors of
luxury vacation homes to more people than ever before. I am pleased with
the progress the company has made since I invested six months ago and
believe Exclusive Resorts now has the momentum to build a great company
and provide a better alternative for consumers.”

Five leading executives with experience in building consumer businesses
have agreed to join Steve Case and Exclusive Resorts` co-founders Brad and
Brent Handler as members of the company`s Board of Directors. They are:
Todd Chaffee, Managing Director of Institutional Venture Partners and
former Executive Vice President of VISA International and founder of Grand
Expeditions, a global travel company; Donn Davis, Managing Partner of
Fieldhouse Capital and former President of the AOL Interactive Properties
Group and Founder and President of Tribune Company`s venture capital unit;
John Fahey, CEO and President of National Geographic and former Chairman
and CEO of Time Life Inc; David Golden, Managing Director of JP Morgan,
leader of the Technology, Media and Telecommunications group and a member
of JP Morgan`s worldwide management committee; and Christine A. Varney,
head of the Internet Law Practice Group at Hogan & Hartson LLP and
formerly the Federal Trade Commissioner.
“This is a defining moment for Exclusive Resorts,” said Brad Handler,
Co-Founder, Chairman and CEO of Exclusive Resorts, and formerly eBay`s
first in-house legal counsel. “We believe our company offers consumers the
best properties, the best service and the best value in the marketplace
today. The investment by highly respected business leader Steve Case, the
recruitment of a world-class Board of Directors, and the addition of top
executives in the luxury hospitality and real estate businesses will allow
us to raise the bar even more and extend our leadership in this new
business segment. Anyone considering purchasing a new vacation residence
will now also consider Exclusive Resorts, as our solution is proving to be
superior to owning a home that is infrequently used or to having a
fractional or timeshare interest that is inflexible to use and difficult
to sell.”
“It`s all about serving the members,” said Brent Handler, Co-Founder and
President of Exclusive Resorts. “Exclusive Resorts` membership has grown
rapidly and membership deposits are now increasing by more than $10
million per month. Our company is laser-focused on surpassing our members`
expectations and remaining the leader in member satisfaction. Every need
is anticipated, including arranging golf tee times, spa appointments, ski
valet, daily housekeeping and even pre-arrival grocery shopping or
scheduling a private chef. And Exclusive Resorts` residences are in the
best locations in the best destinations. Each residence is an oasis of
luxury, professionally decorated and includes every convenience, from
private pools to plasma televisions. As we like to say to our members—
leave all the work to us—arrive, relax and depart in carefree bliss.”

To handle its rapid growth, Exclusive Resorts has expanded its management
team, adding executives from leading companies in the luxury hospitality
and real estate industries. In addition to Brad and Brent Handler, the
senior management team now includes: Tom Filippini, co-founder and
executive vice president of sales, with a background in mergers &
acquisitions primarily in the leisure and hospitality arena; Brian
Greenman as Senior Vice President and CFO, with previous experience in the
financial leadership of Hyatt; Todd Harris as Senior Vice President of
Member Relations, who has 14 years of executive hospitality experience
with Ritz Carlton; and Cathy Ross as Senior Vice President of Operations,
who led the property acquisition, development and financing operations at
Destination Hotels & Resorts.

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About Exclusive Resorts
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Exclusive Resorts is the leader in an innovative new business that
dramatically evolves the vacation real estate and luxury travel businesses
and offers sophisticated consumers a better way to travel. The Company
offers its members guaranteed anytime, anywhere access to an unparalleled
portfolio of the finest multi-million dollar residences in the world`s
most desirable destinations. Exclusive Resorts` residences average $2.5
million; are spacious, elegantly designed and luxuriously appointed; and
offer services and amenities found only at the world`s finest hotels and
resorts. To join and use Exclusive Resorts, members pay a one-time
membership fee (which is 80% refundable) and annual dues, which provides
members access to the entire portfolio of luxury homes around the world
for a fraction of what it would cost to own just one. Exclusive Resorts`
portfolio includes more than 30 ultra-luxury residences in over 15
locations around the world, with new destinations and residences being
added every month. Current properties include: beach properties in Kohala
Coast (The Big Island), Hawaii, Wailea (Maui), Hawaii, Kiawah Island, S.
C., Great Exuma, Bahamas, Los Cabos, Mexico; urban properties in San
Francisco, Calif. and New York, N.Y, London, England, Paris, France;
mountain properties in Beaver Creek, Colo., Snowmass, Colo., Telluride,
Colo. and Deer Valley, Utah and Whistler, B.C; and leisure properties in
Scottsdale, Ariz., Tucson, Ariz. and aboard The World of ResidenSea(R).
The company is based in Denver, Colorado. For more information call our
membership directors at 800.447.8988 or visit us at
http://www.exclusiveresortsclub.com/.

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