About ILX - News Releases
ILX RESORTS ANNOUNCES APPOINTMENT OF DIRECTOR
Phoenix, Arizona – April 18, 2003 – ILX Resorts Incorporated (AMEX:ILX) announced today the addition of Wayne M. Greenholtz to its Board of Directors. Mr. Greenholtz has more than thirty years of experience in financial services, with emphasis in the vacation ownership and resort markets. He has held executive positions with Litchfield Financial Corporation and GEICO Corporation, both major lenders to the vacation ownership industry.
“It has been an absolute pleasure working with Wayne in his prior roles as a lender to ILX, “ said Joe Martori, Chairman and CEO of ILX Resorts. “Wayne’s in-depth knowledge of our industry and his demonstrated financial expertise and business sense complement and enhance our Board. We enthusiastically look forward to the significant contributions to our success his leadership and insight offer.”
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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