About ILX - News Releases
ILX RESORTS ANNOUNCES NINTH CONSECUTIVE QUARTERLY COMMON STOCK DIVIDEND
Phoenix, Arizona - March 17, 2005 - ILX Resorts Incorporated (AMEX:ILX) announced today the prospective payment of a quarterly dividend of $0.11 per share. The dividend has a record date as of the close of business on March 31, 2005 and is payable on April 11, 2005 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 adopted on March 4, 2003. The annual dividend of $0.44 per share, payable quarterly, was declared on October 14, 2004.
“We are pleased to announce the commencement of our third consecutive year of quarterly dividends and the continuation of our trend of increasing the dividend per share each year,” said Joseph P. Martori, Chairman of ILX Resorts. He continued, “This $0.11 per share quarterly dividend, or $0.44 per share annual dividend, represents a 4.8% increase over the prior year. The quarterly dividends, in conjunction with the Dividend Reinvestment Plan, provide shareholders with a current return and an 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 early 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.
This news release may include "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and many of which are beyond the Company´s control. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including but not limited to, economic conditions, the Company´s need for additional financing, intense competition in various aspects of its business, the risks of growth, its dependence on key personnel, and other risks detailed in ILX´s Securities and Exchange Commission reports. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. ILX Resorts Incorporated does not assume any duty to publicly update or revise the material contained herein.
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