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ILX Resorts Announces Twelfth Consecutive Quarterly Common Stock Dividend

Press Release: ILX Resorts Incorporated
December 20, 2005
PHOENIX, AZ -- ILX Resorts Incorporated (AMEX:ILX) announced yesterday the prospective payment of a quarterly dividend of $0.11 per share. The dividend has a record date as of the close of business on December 30, 2005 and is payable on January 10, 2006 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 $0.44 per share, payable quarterly, was declared on October 14, 2004.

"We are pleased to announce our twelfth consecutive quarterly dividend. We look forward to continuing to pay dividends in 2006 and to increasing the dividend by 6.8% to $0.47 per share annually, as declared in September 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 Pinetop, Arizona on which it is completing construction and land in Puerto Penasco, Mexico ("Rocky Point") and Sedona, Arizona, both of which are in the early planning stages. 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, 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