Diamond Resorts announces Executive Team

Press Release: Diamond Resorts International
April 5, 2002
LAS VEGAS, NV -- With Las Vegas close to fully recovering from the events of September 11th and with the economy seemingly back on track, Diamond Resorts International announced today that they were making solidifications and additions to their Sales and Marketing Executive Team.

-Sean M. Connolly has been named Vice President - Marketing (See picture and bio)
-Charles M. Levin has been named Vice President - Field Marketing and Marketing 
 Communications (See picture and bio)
-Jerry E. Murphy, RRP, has been named Vice President - Sales (See picture and bio)
-Dean A. Parker, RRP, has been named Vice President - Development (See picture and bio)

In his capacity as VP Marketing, Sean Connolly oversees the company's lead generation and telesales platform. All aspects of special program marketing and lead generation will fall under his guidance. "We are proud that Sean has made the commitment to take on this leadership role for us," explained Robert C. Wengel, RRP, Diamond's COO. "His management style plays a large part to our success. He is by far the leading telemarketing executive here in Las Vegas and one of the best in the industry." Mr. Connolly has been involved with Diamond Resorts for over 7 years.

Charles Levin hails from Orlando, FL and has relocated to Las Vegas so that he can assume the responsibilities of VP Field Marketing and Marketing Communications, overseeing Diamond's huge OPC/Field Marketing program, one of the largest in the industry. "This position was made to order to Charles," said Stephen J. Cloobeck, RRP, Diamond's CEO. "Charles' history of over-performing is legendary and we are thrilled to have his expertise" he went on to say. In addition to his OPC duties, Mr. Levin's responsibilities will also be responsible for overseeing all marketing communications for Diamond. This includes; collateral brochures, newsletters, signage, mailings, etc.

Industry veteran Jerry Murphy assumed responsibility of Diamond's flagship resort, The Villas @ Polo Towers last summer and has been named VP - Sales. "Almost since the day that Jerry took over, our sales team has been reborn. Every month we seem to set another new sales record, whether it be net sales volumes or efficiencies," added Wengel. "Jerry's philosophy is to keep setting the bar higher and higher and he has the unique ability to get his team to believe that they can achieve these higher levels of success!" Mr. Murphy oversees all aspects of the resort's sales department, which will produce volumes this year in excess of $60 million for the company's single-site sales center.

Dean Parker, another top industry professional, joined the Diamond team and has been named VP - Development. Riding a long string of industry sales successes, Mr. Parker is now tasked to oversee the development of the company's new state-of-the-art $2.8 million sales center, which is to break ground in May, 2002. "I couldn't be more excited," explained Cloobeck. "It's like having our long lost brethren come back to the family. This time around, Dean brings with him a wealth of industry experience which will certainly be a valuable addition to our team." Mr. Parker will also be tasked with new project acquisition and development. This includes Diamond's new Las Vegas "Chateau" property, as well as additional projects in the near future.

Diamond Resorts International:

Diamond Resorts International has been involved in developing, marketing and managing vacation ownership resorts, primarily in Las Vegas, for more than 22 years. It began in the late 1970s with the conversion to timeshare of The Jockey Club, a 348-unit condominium complex on the Las Vegas Strip.

In the early 1990s, after successfully converting and selling out 270 units at the Jockey Club, the company began developing Polo Towers, the first purpose-built vacation ownership resort on the Strip. Tower I, with 160 suites, was completed in 1992; Tower II, with 162 suites, was completed in 1995; and Tower III, the new Villas at Polo Towers, was opened in 2000 and, at build-out, will house 190 suites. In all, Polo Towers boasts 512 luxury vacation ownership suites right in the heart of the fabulous Las Vegas Strip. In 1999, DRI purchased 23 units in the 130-unit Kona Reef Resort on the Big Island of Hawaii. It is also a developer for the 175-unit Carriage House, just one block off the Strip in Las Vegas.

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Contacts:  	
Robert C. Wengel, RRP
702.261.1182