About ILX - News Releases
ILX RESORTS ANNOUNCES APPOINTMENT OF EXECUTIVE CONNIE ROSS
PHOENIX, ARIZONA - May 27, 2003 - ILX RESORTS INCORPORATED (AMEX: ILX) a leading developer, operator and marketer of upscale flexible-stay vacation ownership resorts in the western United States, announces the appointment of Connie S. Ross as Executive Vice President: Corporate Development/Office of the Chairman.
Ross has for the last decade been a hotel and casino executive and expansion-property specialist for a major Las Vegas corporation which operated Imperial Palace Las Vegas, Nevada and Biloxi, Mississippi; and built and sold the Las Vegas Motor Speedway, among other associated businesses. Prior thereto, Ross owned and operated a successful financial consulting firm representing more than 75 publicly traded clients via several offices nationwide. She has been named the outstanding woman in tourism and Circle of Excellence recipient by the Las Vegas Chamber of Commerce and an outstanding role model for women in Nevada by the Nevada Attorney General.
"Ms. Ross`s extensive background in corporate leadership, marketing, strategic thinking and equities enhancement, together with her strong ties to the Las Vegas business and professional community will be tremendous assets as we expand our operations in Las Vegas and elsewhere," said Joe Martori, Chairman and CEO. "Her unique talents will contribute both to the growth of our core business, sales of vacation ownership interests, in the enormous Las Vegas visitor market as well as to the development and promotion of ancillary businesses which support our core business and offer exciting profit possibilities."
In addition to responsibilities for ILX and its various Las Vegas operations, Ross will also consult and work closely with Greens Worldwide Incorporated (OTCBB: GWWI) in which ILX holds an equity interest. Greens Worldwide is developing the Greens of Las Vegas, a unique, world-class putting and golf entertainment facility designed by renowned golf architects Dye Design Group. Founded by 2003 U.S. Masters Champion Mike Weir and current California Amateur Champion Eddie Heinen, the Greens of Las Vegas is "redefining golf through the art of putting" and establishing a venue for high-profile putting tournaments and group events.
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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