SFX Affiliates With ICE Gallery

Press Release: San Francisco Exchange Company

April 7, 2000
SAN FRANCISCO, CA -- Mel Grant, President & CEO of The San Francisco Exchange Company (SFX) is proud to announce an Affiliation agreement with the International Cruise & Excursion Gallery (I.C.E.). This dynamic relationship will allow SFX to aggressively expand its premier exchange services and promote the I.C.E. cruise program, the finest of its
kind, to developers and their member base.

SFX, the premiere exchange company, remains a separate entity from I.C.E. Gallery, specializing in preferred quality exchanges and Owner Service assistance programs through its network of strategic alliances within the timeshare industry.

This strategic alliance will offer unique opportunities for Owners, further enhancing their timeshare vacation experiences. For developers and sales people, this venture will create dynamic building blocks for higher closing percentages and higher customer satisfaction.

SFX is anticipating a significant expansion of its exchange business and related Developer business alliances due to the combination of the I.C.E. Gallery cruise exchange option and thesignificant growth in demand for high quality preferred resort exchanges.

SFX has provided the highest quality of service to its membership for the past seven years, since its inception in 1992. The I.C.E. Gallery has clearly proven its desire to provide the absolute best value and service in cruise exchanges with over $10M in cruises taken by its members in 1999, and $5M in the first quarter of 2000. The combination of the two most dynamic and creative companies in the industry bring together the best in both land and sea, which should prove irresistible to many timeshare Owners and Developers who are ready for quality enhancements and positive evolution within our industry.

Mel Grant
President & CEO
SFX Preferred Resorts

For further information, please visit the SFX and ICE Gallery web sites.
SFX web - www.sfx-resorts.com. ICE Gallery web - www.icegallery.com.