About ILX - News Releases
ILX Hires Executive Vice President of Marketing
PHOENIX--August 22, 2002--ILX Resorts Incorporated (AMEX: ILX), a leading developer, operator and marketer of upscale vacation ownership resorts in the Western United States, announced the hiring of Thomas F. Dunlap as Executive Vice President of Marketing.
Prior to joining ILX, Tom served at Director of Vacation Ownership at London Bridge Resort in Arizona where he was responsible for a $7.5 million annual operating budget, producing gross annual sales of over $16 million, and all contractual negotiations with vendors and affiliated exchange organizations.
"We are pleased to have Tom join our management team as we continue to successfully execute our marketing strategy," said Joe Martori, chairman of the board and chief executive officer of ILX Resorts. "He is a very well-respected and valuable leader in the timeshare community and will play a crucial role in developing our marketing efforts going forward."
A recipient of Interval International's prestigious Chairman's Club Award from 1993-2001 for recognition of superior sales performance among the top 25 resorts worldwide, Tom brings to the organization more than 25 years of sales and management experience with contributions to large corporations that buy and build resorts and market vacation ownership.
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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