About ILX - News Releases
FOR IMMEDIATE RELEASE
September 17, 2007
ILX RESORTS ANNOUNCES 19th
CONSECUTIVE QUARTERLY COMMON STOCK CASH DIVIDEND
Phoenix, Arizona – September 17, 2007 - ILX Resorts Incorporated (AMEX:ILX) announced today the prospective payment of a quarterly dividend of $0.125 per share. The dividend has a record date as of the close of business on September 28, 2007 and is payable on October 10, 2007 to shareholders of record. Shareholders electing participation before the payment date may reinvest their dividends in additional shares of common stock through the Dividend Reinvestment Plan originally adopted in March 2003 and amended and restated in March 2006. The annual dividend of $0.50 per share, payable quarterly, was declared on September 25, 2006.
“We are pleased to announce our nineteenth consecutive quarterly dividend,” said Joe Martori, Chairman of ILX Resorts. He continued, “The consistent quarterly dividends, in conjunction with the Dividend Reinvestment Plan, provide shareholders with a current return and the opportunity to expand their investment in the Company.”
ILX Resorts acquires, develops, and operates premier timeshare resorts primarily in the western United States that provide its owners with extraordinary vacation experiences. ILX's portfolio of world-class properties includes eight resorts in Arizona, one in Indiana, one in Colorado, one in San Carlos, Mexico and land in Puerto Peñasco (“Rocky Point”), Mexico and Sedona, Arizona, both of which are in the final planning stages. It also, through Premiere Vacation Club, has acquired, and continues to acquire, inventory at the Carriage House in Las Vegas and in addition has acquired inventory at the Scottsdale Camelback Resort in Scottsdale, Arizona. For more information, visit: www.ilxresorts.com.
For more information, contact Joseph P. Martori, Chairman or Margaret Eardley, Chief Financial Officer, at 602-957-2777.
Forward-Looking Statements; Risks and Uncertainties: statements contained in this document that disclose the Company’s or management’s intentions, expectations or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company cautions that these statements involve risks and uncertainties and other factors that may cause results to differ materially from those anticipated at the time such statements are made. For example, future results, performance and achievements may be affected by our ability to successfully implement our strategic, operational and marketing plans, general economic conditions, the impact of war and terrorist activity, business and financing conditions, governmental and regulatory actions, the cyclicality of the vacation ownership industry, relationships with key employees, domestic and international political and geopolitical conditions, competition, downturns in leisure travel patterns, risk associated with the level and structure of our indebtedness, risk associated with potential acquisitions and dispositions and other circumstances and uncertainties. There can be no assurance that any strategic alternatives will occur or, if undertaken, the terms or timing of such a transaction or transactions. We believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, but we can give no assurance that our expectations will be attained or that results will not materially differ. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.