Press Release: nextResort.com
September 26, 2002
SAN FRANCISCO, CA -- nextResort.com, a classified ad and auction platform customized for vacation timeshare resales
and rentals, today announced its launch. Owners of timeshare units who desire an easy-to-use yet inexpensive forum
for advertising their surplus units, or who desire to use an auction or classified format for timeshare unit sales,
may list their properties at nextResort.com for as little as $35.
"nextResort.com is an attractive and intuitive framework for conveying the availability of a timeshare rental
or auctioning off surplus timeshare unit inventory," said Krist Jake, President, Redwood Capital, a major
investor in nextResort. "We believe our custom-tailored technology and economical cost structure are well
aligned with the needs of many timeshare owners who wish to rent out or sell a timeshare unit. Since nextResort.com
is focused on timeshare resales as well as rentals, and has a built-in database of each resort's attributes along
with filtering tools, we believe buyers, sellers, and renters will find it far easier to use than less-specialized
alternatives."
"Studies show many timeshare owners would like to resell their units, but the market is quite fragmented and
units can be hard to sell. In general, we feel existing transaction costs are too high, and want to bring them
down," said Tom Pitman, nextResort.com administrator. "nextResort is more user-friendly and significantly
less expensive than resale services used historically, even though those services often have failed to deliver
what is promised."
"As a timeshare owner, I know how difficult and expensive it can be to sell an extra unit," said Len
Coates of Covina, California. "I am enthusiastic about the creation and launch of nextResort.com, and plan
to use it to both buy and sell timeshares, and for managing my timeshare inventory."
About nextResort.com
nextResort.com, Inc. has targeted the timeshare resale market as one deserving of a customized, Internet-based
classified and auction platform, so transaction costs can be reduced. nextResort's neutral, intuitive platform
offers timeshare owners an inexpensive framework for displaying and auctioning their surplus inventory. For shoppers,
nextResort's robust filtering tools make it easy to find and propose or bid on new acquisitions. Founded in 2000,
nextResort is headquartered in San Francisco, CA.
For more information on nextResort:
Krist Jake Redwood Capital Phone: (415)397-3800 Email: krist@redcap.com or krist@nextresort.com