High Country Club Announces Equity Membership

Date: December 12,2005

High Country Club, the premier destination club in the Rocky Mountain Region, today announced a new program offering Equity Membership. With properties across the Rocky Mountain region and around the world, High Country Club offers virtually the same types of properties, amenities and conveniences that other, more expensive clubs offer at a significantly lower price. High Country Club Equity Membership lets members recoup 80% of CURRENT membership fee pricing (not simply initial dues) upon cancellation, subject to club rules and regulations. Introductory Membership is available at $20k for the first 50 members; initiation fees will increase after the first 50 memberships have been fulfilled. As such, if an introductory member elects to resign membership after the introductory offer expires and rates are raised (for example, to $50k), that member will receive 80% of the current fee ($50k) as opposed to their initial dues ($20k), essentially doubling their investment.

A unique offering, High Country Club provides members extensive benefits:

• Currently, High Country Club is the only Destination Club in the West with a regional focus. All other “similar” clubs require extensive travel outside the region, and most people do not have time to travel outside the region multiple times a year. High Country Club’s regional focus enables frequent travel to luxurious destinations within driving distance for quick weekend or holiday getaways. The Club also offers national and international destinations for extended vacations when time permits.
• For those who do not live in the Rocky Mountain region, High Country Club’s Affiliate, Group, and Corporate Memberships offer the best of both worlds…the mountains and the beach in affordable luxury.
• High Country Club is the affordable answer to frequent luxury vacations. When compared to other clubs, High Country Club is $105,000 less then the next closest competitor.
• High Country Club eliminates the hassle and expense of second home ownership (maintenance, repair, etc), while still providing members private access to many different luxury destinations.
• High Country Club is the only club with a true corporate offering. For the same price as a pair of season tickets to a major professional sporting event, companies have the ability to provide unique rewards for customers, employees and vendors. High Country Club enables corporations to send six families on a one-week vacation per year, a much greater value than a few sporting events.

“Our new Equity Membership offering truly sets High Country Club apart from other destination clubs,” said Christian Kirschner, CEO, High Country Club. “We currently offer some of the best properties and accommodations available, along with superior value and efficiencies. Now, with Equity Membership, High Country Club offers a valuable investment opportunity as well.”