About ILX - News Releases
ILX RESORTS NAMED TO FORTUNE SMALL BUSINESS 100
Phoenix, Arizona - June 28, 2004 - ILX Resorts Incorporated (AMEX:ILX) was named to the FSB 100 List of America's Fastest Growing Small Companies. The list is a ranking of public companies, with annual revenue of less than $200 million and a stock price of more than $1, based on earnings growth, revenue growth, and stock performance over the past three years.
ILX, ranked number 28, is the only representative of both the timeshare and hospitality industries. The list indicates three-year earnings per share growth, revenue growth and total return to investors of 38.3%, 15.9% and 58.8%, respectively.
“We are delighted to be named to this prestigious list. The success of our core operations has provided a significant return to investors, ” said Margaret M. Eardley, Chief Financial Officer of ILX Resorts. “We expect to continue this trend in 2004 as evidenced by our recently announced sixth consecutive quarterly dividend. The $0.105 quarterly dividend represents a 5% increase over the quarterly dividends paid in 2003.”
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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