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Press Release: ILX Resorts Incorporated
June 18, 2003
PHOENIX, AZ -- ILX Resorts Incorporated (AMEX:ILX) announced yesterday the prospective payment of a quarterly dividend
of $0.10 per share. The dividend has a record date as of the close of business on June 30, 2003, and is payable
on July 10, 2003, to shareholders of record. Shareholders electing participation before the payment date may reinvest
their dividends in additional shares of common stock through the Dividend Reinvestment Plan adopted on March 4,
2003. The annual dividend of $0.40 per share, payable quarterly, was declared on Dec. 18, 2002.
"We are very pleased to be paying this second consecutive dividend, while simultaneously generating growth
in our core business and laying the groundwork for our future," said Joseph P. Martori, chairman of ILX Resorts.
"The dividend, in conjunction with the Dividend Reinvestment Plan, provides shareholders with both a current
return and the opportunity to expand their investment in the future of the company."
ILX Resorts acquires, develops, and operates premier timeshare resorts in the western United States that provide
its owners with extraordinary vacation experiences. ILX's portfolio of world-class properties includes six resorts
in Arizona; one in Indiana; one in Colorado; one in San Carlos, Mexico; land adjacent to an existing resort in
northern Arizona and 44 acres of land one mile from the Las Vegas Strip, to both of which parcels the company holds
development rights. It also, through Premiere Vacation Club, has acquired, and continues to acquire, inventory
at the Carriage House in Las Vegas. For more information, visit: www.ilxresorts.com.
This news release may include "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 in the prospectus for the Dividend Reinvestment
Plan and 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, Phoenix
Joseph P. Martori or Margaret Eardley, 602/957-2777
Source: ILX Resorts Incorporated