Gregg Amonette Joins Ultimate Resort

Date: August 3, 2006

Greg Amonette Joins Ultimate Resort as Senior Vice President, Business Development

Ultimate Resort, a leader in the luxury destination club industry, is pleased to announce the appointment of Gregg Amonette as Senior Vice President, Business Development. In his new role, Gregg Amonette will be responsible for developing strategic partnerships with complementary luxury brands.

"We are looking forward to having such an accomplished professional as part of our growing team, and I am personally very much looking forward to working with Gregg again. He is remarkably talented and will undoubtedly play a key role in taking the club into its next phase of development," said Jim Tousignant, President and CEO of Ultimate Resort.

Spanning his 20-year career, Gregg Amonette has been a corporate officer and sales and marketing executive at leading financial information services companies, including Reuters PLC, Multex, CSK Corporation, and ADP. He most recently served as Head of Marketing for SNL Financial LC, a leading provider of data, news and analytics to the banking, real estate and energy industry sectors.

"I’m beyond pleased that Jim Tousignant and I are working together again," said Amonette. "Jim is an extraordinary leader with revolutionary ideas and unique business insights. I have helped Jim grow successful businesses in the past, and I am excited to have that opportunity now with Ultimate Resort."

Ultimate Resort is a private destination club designed to provide individuals, families and corporate members with exclusive club privileges and virtually unlimited access to a growing portfolio of fabulous club properties averaging $2 million in value and located in exciting resort destinations throughout the United States, Mexico, the Caribbean and Europe. The club’s private homes are well-appointed luxury residences that are perfectly located and offer the ultimate concierge services and amenities of a private country club. Annual fees for club membership vary depending on the Membership Plan selected. For individual and family members, Ultimate Resort eliminates the burden of owning a second home and the uncertainties of renting a villa. For corporate members, Ultimate Resort is ideally suited for corporate reward or incentive programs for sales professionals, managers, key employees and clients.

Additional information can be obtained via http://www.ultimateresort.com or by calling 877-955-1900.