Current CEO Donn Davis Becomes Executive Chairman

DENVER, August 6, 2007 – Exclusive Resorts, the worlds leading luxury destination club, today announced the addition of Jeff Potter to its management team as CEO, effective September 10th. Current Exclusive Resorts CEO Donn Davis assumes the position of executive chairman, and Potter will report to him.

“We are delighted to welcome Jeff to our company at a time when Exclusive Resorts is achieving record milestones in all areas of our business – from membership growth to our real estate portfolio to member satisfaction,” said Davis. “Jeff is a recognized leader in customer service and operational excellence, and by adding Jeff to our executive team we are positioned to make the best destination club in the world even better.”

Potter joins the company from his role as CEO of Frontier Airlines, a position he held for the past five years. At Frontier, he led a team of 5,500 employees that delivered award-winning customer service and industry-leading operational excellence. Potter was the leading force in building Frontier into one of the most respected companies in the industry, and was named “Colorado CEO of the Year” in 2005.

“I am thrilled to join Exclusive Resorts, a dynamic, leading company that has created an entirely new industry, and is becoming the preferred way for affluent families to vacation,” said Potter. “What makes the opportunity at Exclusive Resorts so special is the passion of its hundreds of employees who are dedicated to providing its members memorable vacations. I look forward to working with Donn and the entire team to continue the companys remarkable success.”

“Exclusive Resorts has grown from a great concept into a great company, and the best is yet to come,” said Steve Case, majority owner of Exclusive Resorts. “Exclusive Resorts provides affluent consumers a dramatically better way to vacation with family and friends, and we are proud to deliver tens of thousands of vacations to our members each year with an extraordinarily high level of satisfaction. But we are not resting, and are very pleased to add a proven operating executive of the caliber of Jeff to our already world-class management team as we gear up for our next phase of growth.”

In less than five years of operation, Exclusive Resorts has reached extraordinary milestones in becoming the blue-chip leader of the destination club industry. Membership growth continues to accelerate – the company passed the 3,000 member milestone, and is larger than all other destination clubs combined. Exclusive Resorts announced its 40th destination for members last week, which will further add to its portfolio of luxury real estate valued at more than $1 billion.

About Exclusive Resorts:
As the leader of the destination club industry, Exclusive Resorts is becoming the preferred way for affluent families to vacation. Thousands of Exclusive Resorts members make the world their second home, taking tens of thousands of vacations with the Club each year. Members enjoy exclusive access to an unprecedented $1 billion portfolio of more than 350 luxury residences open today – plus another 125 under construction – in 40 of the world's greatest destinations. Exclusive Resorts combines the spaciousness and elegance of a private residence with the services and amenities of a five-star resort. Exclusive Resorts is the destination club partner of choice for leading companies, including American Express, Neiman Marcus, Marquis Jet, and Merrill Lynch. For more information, visit www.exclusiveresorts.com.