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BelleHavens Completes Sales of Second Phase; Scheduled to Raise Membership Prices

Destination Club Enters Final Phase of Charter Memberships

Press Release: BelleHavens, Inc.
August 19, 2005
SALT LAKE CITY, UT -- BelleHavens™ Inc., the world’s first equity destination club, announced it has sold out the second phase of its charter membership offering and will be increasing the price of a general membership from $175,000 to $200,000 on August 15, 2005.

BelleHavens oversubscribed the second charter phase, selling more memberships than they originally anticipated. The August 15 deadline provides prospective members with an extended opportunity to join the club at the $175,000 price if their application is submitted by that date.

“We have been pleased to welcome a great group of new members over the past few months, and we will continue to grow in a way that ensures high quality properties and exceptional service for our members,” said BelleHavens Founder and President, Darin Gilson. “Raising the price for the final phase of our charter memberships will further support the expansion of our four property portfolios: BelleSol, BelleSummit, BellePlaza and BelleVista.”

The most recent additions to BelleHavens’ properties are in its BelleSol portfolio. A southern plantation-style home opened for club members in Hilton Head, South Carolina last month. The property is located in the Sea Pines development on the 11th fairway of the renowned Harbour Town Golf Links.

Two additional BelleSol homes are scheduled to open in the coming weeks: a beach front property in the resort community of Puerto Aventuras, located on the Mayan Riviera; and a custom built home overlooking the Sea of Cortez in the Cabo del Sol resort in Los Cabos, Mexico.

The price will remain at $200,000 until the third phase of charter memberships expire. At that time, membership prices will adjust to $225,000. Annual maintenance fees will remain the same, ranging from $10,000 to $16,000 depending on the annual usage plan selected.

About BelleHavens
BelleHavens,™Inc. is the world’s first equity destination club. Members of BelleHavens collectively own the Club’s diversified property portfolio, and have exclusive and convenient access to million-dollar residences without the worry of maintenance, repairs or upgrades. BelleHavens’ homes are located in premier beach, golf, mountain and city destinations. In addition, BelleHavens’ members enjoy endless amenities and service options, including pre-arrival travel planning and concierge privileges. For more information on BelleHavens, visit www.bellehavens.com or call (866) 342-8367.

Source: BelleHavens, Inc.