Press Release: ILX Resorts Incorporated
April 11, 2002
NEW YORK, NY -- The Wall Street Transcript has published an in-depth interview with Joe Martori, Chairman and CEO
of ILX Resorts (AMEX:ILX), in which he talks at length about the company's future.
The entire 2,200-word interview is available free online at http://www.twst.com/ceos.htm.
Martori gives an overview of the company. ``The company was formed in 1986 and went public in the aftermath of
the 1987 stock market debacle. In February of 1988, we floated a very small initial public offering of $2 million.
In 1998, we did a follow-on offering that was underwritten by EVEREN Securities for approximately $10 million.
We have been in business for 16 years and have grown from a relatively insignificant timeshare vacation ownership
company to one of the mid-sized in the industry. At December 31, 2001, our assets were approximately $75 million.''
Looking forward, Martori states, ``We are experiencing and evidencing a growth pattern. We have some exciting opportunities
-- if we can execute on our business plan. We're a solid, mid-level competitor in an industry that is growing,
particularly because it is becoming better known to a larger segment of the population.''
The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.
For subscription information call 800/246-7673.
This news release constitutes certain ``forward-looking statements.'' Forward-looking statements are based on current
expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted
or quantified and many of which are beyond the Company's control. Actual results could differ materially from these
forward-looking statements as a result of a number of factors, including, but not limited to, economic conditions,
the Company's need for additional financing, intense competition in various aspects of its business, the risks
of growth, its dependence on key personnel and other risks detailed from time to time in ILX's Securities and Exchange
Commission reports. Given these risks and uncertainties, investors are cautioned not to place undue reliance on
such forward-looking statements and no assurances can be given that such statements will be achieved.
ILX Resorts Incorporated does not assume any duty to publicly update or revise the material contained herein.
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Contact:
ILX Resorts Incorporated
Margaret Eardley, 602/957-2777
http://www.ilxresorts.com