EPIC Resorts Enters Discussions With Credit Suisse First Boston Regarding A Timeshare Receivables Purchase Facility

Press Release: EPIC Resorts, LLC
April 18, 2001
KING OF PRUSSIA, PA -- EPIC Resorts, LLC (``EPIC''), a leading U.S. developer and marketer of timeshare resorts, today announced that it has entered into discussions with Credit Suisse First Boston to provide a timeshare receivables purchase facility.

EPIC is a nationwide developer and marketer of high-quality timeshare resorts located in proven, major tourist destinations. The Company currently owns eight resorts and operates five off-site sales centers.

This press release contains forward-looking statements. The words ``believe,'' ``expect,'' ``intend,'' ``anticipate,'' and ``project,'' and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying such forward-looking statements. The risks and uncertainties to which forward-looking statements are subject, include but are not limited to, regulatory changes, national or regional economic conditions that can affect the real estate market and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

SOURCE: EPIC Resorts, LLC