Leaders in luxury partner to announce one-of-a-kind promotion for a year-end bonus like no other

DENVER, November 16, 2006 – Just in time for the holiday season, American Express and Exclusive Resorts today announced a new way to get the most out of luxury travel. Cardmembers who purchase an Exclusive Resorts membership will receive up to one million Membership Rewards® points. New Exclusive Resorts members looking to spread some cheer this holiday season have the flexibility to use their Membership Rewards points to indulge themselves, buy an uber-luxurious gift for family or friends, or to help someone else by donating the points to charity.

Bonuses will come early this year for those Cardmembers who purchase a $425,000 Elite Membership with Exclusive Resorts, the world's leading luxury destination club. This Elite membership includes up to 45 days of access to hundreds of luxurious, $3 million private residences in dozens of the world's top destinations. Cardmembers will receive the standard Membership Rewards points with their purchase, and through January 31, 2007, will receive additional bonus Membership Rewards points to their account – for a total of one million points.

"Exclusive Resorts is becoming the number one choice for affluent families looking for a better way to vacation," said Michael Beindorff, Exclusive Resorts Chief Operating Officer. "We are thrilled to expand our strategic partnership with American Express to grow our business among their Cardmembers. This exciting promotion will make Exclusive Resorts membership more accessible and rewarding."

With 300 luxury residences and dozens of vacation destinations worldwide, Exclusive Resorts provides its members with the spaciousness and elegance of a private home with the services, amenities and conveniences of a luxury resort. In just three years, Exclusive Resorts members have taken more than 25,000 vacations to premier beach, mountain, leisure and metropolitan locations around the world, giving the club a 95 percent satisfaction rating.

"American Express is the card of choice in the luxury segment and for large-ticket purchases. Our partnership with Exclusive Resorts is a great example of American Express' unique ability to connect affluent consumers with our merchant partners," says Rocco Laterzo, senior vice president, Travel and Entertainment Industries, American Express. "This is a terrific opportunity for our Cardmembers to earn a tremendous amount of Membership Rewards points and experience the benefits of the world's leading luxury destination club."

In addition to spending the one million Membership Rewards points on personal or gift products or services, Cardmembers are able to reward others with their points by donating them to a variety of charities through American Express donation program, "The GivingExpress® program." For a more complete list of rewards to spoil family and friends, a treat for oneself or for more information on charitable donations and The GivingExpress program, visit www.americanexpress.com.

Promotion Details:
American Express Cardmembers who join Exclusive Resorts at the club's Elite Membership level, which offers 45 days of travel per year, can earn up to 1,000,000 Membership Rewards points. Cardmembers who join at the Executive Membership level, which offers 25 travel days per year, can receive up to 750,000 Membership Rewards points. Cardmembers who join at the Affiliate Membership level, which offers 15 travel days per year, can receive up to 500,000 Membership Rewards points. All Exclusive Resorts members have access to the same portfolio of spacious, luxurious residences around the world, and with the same personalized service. This promotion is valid through January 31, 2007. For more information on this promotion and membership, please call 866.858.0032 or visit www.exclusiveresorts.com/americanexpress.

About Exclusive Resorts
Exclusive Resorts is the leader in the new consumer segment of luxury destination clubs. Named 'Best of the Best' by Robb Report in 2006, Exclusive Resorts offers its members unprecedented access to a portfolio of hundreds of the finest luxury vacation residences in dozens of the world's most desirable destinations. With an average value of approximately $3 million, each residence combines the spaciousness and elegance of a private home with the services, amenities and conveniences of a five-star resort. Membership in Exclusive Resorts eliminates the burdens of owning a second home, the limitations of fractional real estate, and the uncertainties of renting a villa. Members of Exclusive Resorts pay a one-time membership fee that is 80 percent refundable upon resignation, plus annual dues. The company is based in Denver and Washington. Membership is subject to the terms and conditions of the club membership agreement.

About American Express
American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, business services, insurance and international banking. Establishment Services is the merchant network of American Express, which acquires and maintains relationships with millions of merchants around the globe, which welcome American Express-branded Cards. For more information, please visit www.americanexpress.com.

About The Membership Rewards Program
The Membership Rewards program from American Express has more than 140 redemption partners. The program allows Cardmembers to earn one point for virtually every dollar charged on eligible, enrolled American Express® Cards.(1) Membership Rewards points are redeemable in a wide selection of reward categories, including travel, retail merchandise, entertainment, shopping and recreation gift certificates, experiences, financial services and charity rewards. Enrollees may also customize their own redemption experiences through the program's Your Reward®(2) option and use points for just about anything they can imagine. Points have no expiration date, and there is no limit on the number of points a Cardmember can earn.

1. Some Cards require enrollment and the payment of an annual program fee. Terms and conditions apply.

2. Your Reward packages are subject to availability. Terms and conditions may apply. Your Reward only fulfills requests that accept the American Express Card. Unless otherwise noted all gratuities and taxes are included in the point value of the package.

FOR FURTHER INFORMATION
Corporate Contact
Exclusive Resorts, LLC
Rachel Neumann
Director of Communications
1515 Arapahoe Street
Tower 3, Suite 300
Denver, CO 80202
Telephone: 303.493.6106
Fax: 303.474.7910
This e-mail address is being protected from spambots. You need JavaScript enabled to view it