Quintess, The Leading Residences of the World Announces New President of Real Estate, Alex Preiser, To Manage Acquisitions and Assets

Date: July 8, 2008

Pete Estler, Founder and CEO of Quintess, LRW announced the appointment of Alex Preiser as President of Real Estate. Preiser has overall responsibility for managing all aspects of real estate acquisitions, dispositions and asset management. “Quintess, LRW’s real estate portfolio is over $300 million and continues to grow, and Alex has the real estate expertise to guide us,” said Estler. Preiser’s appointment comes two months after Quintess, LRW announced a $210 million investment, some of which will be used for acquisition and development of new properties for this leading luxury destination club.

Preiser has a significant background in real estate, having worked on numerous development projects in the United States and several locations abroad. Prior to joining Quintess, LRW Preiser practiced law at the firm Johnson & Repucci LLP, where he focused in the areas of real estate transactions including acquisitions, dispositions, commercial leasing and lending, and general corporate and transactional matters.

Preiser has also successfully worked to develop two prior companies: Preiser was the Vice President of SignalSoft Corporation (later acquired by Openwave Systems, Inc.) and served as Corporate Counsel and Chief Operating Officer for Contact One Communications. He also served as an attorney at the Federal Communications Commission.

Preiser received a BA in Economics from Hobart College in 1990 and a JD from Albany Law School of Union University in 1993. Preiser later received an MBA in Finance from the Leeds School of Business at the University of Colorado.

About Quintess, The Leading Residences of the World
Quintess, The Leading Residences of the World is a luxury destination club that creates amazing personalized vacation experiences for its members. Quintess, LRW provides its members with access to 70+ multimillion-dollar residences in 30+ international resort and city destinations, including Aspen, Los Cabos, Florence, Hawaii, Jackson Hole, London, Napa Valley, New York City, Paris and Tuscany, among countless others. With 450+ members, the club’s member-to-home ratio is six-to-one—one of the lowest in the industry. The company remains committed to financial transparency and full disclosure to its members and continues the practice of providing its members with third party audited financial statements. For more information, visit quintess.com.