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Press Release: ILX Resorts Incorporated
December 17, 2004
PHOENIX, AZ -- ILX Resorts Incorporated (AMEX:ILX) announced yesterday the prospective payment of a quarterly dividend
of $0.105 per share. The dividend has a record date as of the close of business on December 31, 2004 and is payable
on January 10, 2005 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 $0.42 per share, payable quarterly, was declared on November 13, 2003.
"We are pleased to announce our eighth consecutive quarterly dividend, which, in conjunction with the Dividend
Reinvestment Plan, provides shareholders with a current return and an opportunity to expand their investment in
the Company. We remain confident in our ability to perform in our core business and therefore increased our dividend
by 4.8% for 2005," said Joseph P. Martori, Chairman of ILX Resorts.
ILX Resorts acquires, develops, and operates premier timeshare resorts primarily in the western United States that
provide its owners with extraordinary vacation experiences. ILX's portfolio of world-class properties includes
seven resorts in Arizona, one in Indiana, one in Colorado, one in San Carlos, Mexico, land adjacent to an existing
resort in northern Arizona on which it has commenced construction and 44 acres of land located in Las Vegas, Nevada,
on the corner of Paradise Road and Tropicana Avenue proximate to the Las Vegas Airport, University of Nevada-Las
Vegas and the "Strip," to which 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 and in addition has
acquired inventory at the Scottsdale Camelback Resort in Scottsdale, Arizona. 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, pending litigation and other risks detailed 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
Joseph P. Martori or Margaret Eardley, 602-957-2777
Source: ILX Resorts Incorporated