Press Release: Resort Communications, Inc.
February 8, 2002
SAN DIEGO, CA -- Resort Communications, Inc., (ResComm) a leading provider of many financial and administrative
services in the vacation ownership and resort industry, recently signed a new long-term contract with El Cid Resorts
(Mazatlan, Mexico).
"Under this new contract," said Jeff Healy, President of Resort Communications, Inc., "Our role
will expand to include complete Portfolio Management, increased Trust management, and additional Lender/Funding
support. We will still handle maintenance fee portfolio management on the "CidShare" accounts for which
we currently provide. These additional services are designed to help improve various efficiencies on their side."
According to Dave Danneberg, Director of Business Development and Client Relations, for ResComm, El Cid will continue
to rely on ResComm to manage its timeshare receivables billing and cash collection. Resort Communications will
also provide merchant services/credit card processing.
"Not only are we expanding our services with El Cid, but we have also been given the opportunity to grow while
they are growing. With the new Cozumel resort (est. 1000 new sales for 2002) and Cancun (with property approved
for up to 3,000 units) our responsibilities are even more far reaching," said Danneberg.
Resort Communications, Inc. is based in San Diego, California. It was formed in 1985 to carry out loan servicing
and related activities for the timeshare industry. Over the years, in addition to loan servicing, ResComm has expanded
to provide merchant credit card services, customer service and reservations, owner referral marketing programs,
advertising and public relations services. Along with its strategic partner, International Resort Management (Carlsbad,
California), ResComm offers complete resort and club management services.
"We are very exited about our expanded role with El Cid," said Healy. "We successfully continue
to assist in the creation of revenue generating concepts and contribute additional profits to our client's bottom
line. We're proud to say our loan portfolio management results are considered the best in the industry. Our managed
portfolio has consistently maintained a greater than 99% 'less than 90 days' status."
The company's client list includes Club Regina, Allegro Vacation Club, Playa Grande Resort, Universal Vacation
Club, Velas Vallarta, I.C.E. Gallery and Villa Del Palmar in both Cabo San Lucas and Puerto Vallarta, to name a
few. Resort Communications can be contacted at (619) 683-2470 and is located at 404 Camino del Rio South, Suite
450, San Diego, California 92108.
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Contact: Dave Danneberg (619) 683-2470 ext. 555
Georgi Bohrod (619) 683-2470 ext. 621
SOURCE: Resort Communications, Inc.