About ILX - News Releases
ILX Resorts Announces Appointment of Officers
Phoenix, Arizona – June 27, 2006 - ILX Resorts Incorporated (AMEX:ILX) announced today the appointment of Dennis M. Morrissey as Senior Vice President and Sharyn Cappello as Vice President. Most recently Mr. Morrissey has been Vice President and General Manager of Los Abrigados Resort & Spa, the Company’s flagship resort in Sedona, Arizona. Ms. Cappello has been responsible for sales of vacation ownership interests to existing ILX vacation owners.
“We are delighted to recognize with this promotion Dennis’ valuable contributions to the Company and to the Sedona community,” said Joe Martori, Chairman and CEO of ILX Resorts. He added, “His management of our four resort properties in Sedona and his involvement in civic matters and charitable endeavors make a difference in the experience of Sedona for our customers, neighbors and employees.”
Mr. Martori continued, “In addition, we have been extremely pleased with Sharyn Cappello’s ability to further increase sales productivity from a very important segment of our market: our vacation owners. With this promotion, we recognize her sales leadership and look forward to the benefits to our business of the expansion of her responsibilities.”
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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