Partners give Hapimag outstanding marks

Press Release: Hapimag
September 19, 2002
BAAR, Switzerland -- In an independent quality monitoring survey Hapimag, provider of holiday rights of residence, received only the best of marks from its 135,000 members. Over 16,000 shareholders took part in the survey conducted throughout the 60 resorts and, without exception, gave Hapimag an average rating of either "good" or "very good".

Based in Baar, Switzerland, Hapimag, one of the leading providers of holiday rights of residence worldwide, received only above average marks for its general performance from its over 135,000 members. On a scale, where 1 is the highest and 7 the lowest possible rating, its members gave Hapimag marks ranging from 1.73 to 2.23, or from "very good" to "good".

This result is based on a widespread, differentiated customer monitoring survey carried out by the independent Austrian consultant and development company Trigon (Klagenfurt). Commissioned by the Hapimag group it includes the resort quality assessments of over 16'000 shareholders.

In the survey Hapimag members were asked to assess the criteria "employees", "reception", "cleanliness/resort upkeep", "general satisfaction", "building in gen-eral", "catering", "children/youth offers", "leisure", as well as "additional services".

The highest rating was given to the over 1500 Hapimag employees world-wide, who were rewarded for their integral effort with an average mark of 1.73.

The areas "reception" and "cleanliness/resort upkeep" were also awarded a quotient of under 2, with 1.82 and 1.83 respectively. The Hapimag group is proud of these results, as they clearly demonstrate that the best marks were achieved in those areas enjoying a high level of priority within the Hapimag philosophy, namely "Human Resources". These marks further assist the excellent assessment average of 2.07 for "general satisfaction".

The marks for the remaining criteria further express the members' considerable satisfaction with Hapimag. Especially the mark of 2.23 for "building in general" confirms the exceptional standard of the 60 resorts, which are at the disposition of the members 365 days a year.

On the other hand, these strong results are a clear sign for Hapimag to continue investing as much energy as possible into their main business, so as to also in the future be able to keep up and extend the existing standards, while at the same time improving in those areas, which did not quite reach the same high marks, but were still classified as "above standard" by the members.

The average assessments of over 16'000 Hapimag members are as follows (on a scale from highest mark 1 to the lowest mark 7) :

Employees	1.73
Reception	1.82
Cleanliness/Resort Upkeep	1.83
General Satisfaction	2.07
Building in general	2.23

Further information about Hapimag is available at www.hapimag.com or info@hapimag.com. For enquiries by telephone, please call +41 (0) 848 802 803.

Hapimag is a leading international provider of holiday rights of residence. The Swiss company was founded in Baar in the canton of Zug in 1963 as a Swiss joint-stock company. Currently, well over 130,000 Hapimag partners have the right to enjoy their own Holiday World. With the purchase of Hapimag shares, Feridence Certificates, and Holiday-World Visas, joint financial owners receive the right to enjoy holiday resorts rent free in accordance with a points system. The only additional costs are those related to travel, the all in extras package, and an annual subscription charge which covers the yearly running costs. Place and time of the holiday may be freely chosen. Currently partners may choose from 5,500 apartments and hotel rooms in 60 resorts all located in the most beautiful areas and spread over 18 countries in Europe and overseas. Hapimag only invests in first-class locations thereby keeping its long-term vision in mind. The company employs over 1,500 personnel worldwide. Hapimag can be reached through the Internet under www.hapimag.com.

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Further information:
Markus Peter, Corporate Communications Department, 
Hapimag/Havag AG, Neuhofstrasse 8/12, CH-6349 Baar
Telephone:	++41 41 / 767 87 35
Fax:	++41 41 / 767 87 46
E-Mail:	peter.markus@hapimag.com