RMI announces the acquisition of Universal Vacations and Universal Vacation Club

Press Release
August 15, 2001
MARBELLA, Spain -- RMI is pleased to announce the acquisition of Universal Vacations and Universal Vacation Club. This acquisition will allow the members of both Universal Vacations and Universal Vacation Club the potential to access the existing portfolio of RMI products thereby offering greater flexibility and choice for the future with the capability to visit an expanded portfolio of top resort destinations on a worldwide basis.

Ian Goddard, former Managing - Director of Universal Vacations and Universal Vacation Club commented, "In a rapidly consolidating market place, it became imperative for the future for our members to become part of a larger organisation. RMI with its reputation for vision and innovative product development provides the best synergistic potential for the members in the future.

"The acquisition of Universal Vacation Club is a major step towards one of our long term corporate objectives" states Anton Tardif, RMI´s Chairman, "Achieving a greater presence within the UK market and significantly increasing at the same time our UK membership base, creates new distribution channels for our varying leisure and vacation related products".

"RMI are committed to acquiring top quality resorts in the most highly demanded destinations in Europe. We therefore are extremely pleased to add Universal Vacations and Universal Vacation Club to our membership base", commented Robin Mills, RMI´s Business Development Director

About the RMI Consortium:

RMI (Gibraltar) Limited was founded by Anton Tardif, the current chairman, back in 1988. Anton had previously held the position of Sales and Marketing Director at resorts in both Portugal and Malta.

RMI (Gibraltar) Limited and its wholly owned Management Company, currently own and operate eight prestigious resorts in their entirety along with two multi-destinational clubs. In addition the Consortium holds further varying amounts of owned inventory in a total of thirty-two resorts, with an overall membership base exceeding twenty eight thousand members. The eight consortium-owned resorts are in the following locations:

· The Grangefield Oasis Club             Costa del Sol	SPAIN
· Vera Beach Club                        Costa Almeria	SPAIN
· Club la Mar                            Tenerife       CANARY ISLANDS
· Trenython Manor Hotel & Country Club   Cornwall       U.K.
· Hever Manor Golf & Country Club        Kent           U.K.
· Chateau du Francport                   Compiegne      FRANCE
· Chateau Dale                           Pattaya        THAILAND
· Longbeach Country Club                 Famagusta      CYPRUS

The primary multi-destinational club that is currently also the greatest contributor to the new member enrolments within the RMI Consortium is ATLAS - The Vacation Owners Club and its generic subsidiary Club Atlantis. The detailed concept along with a complete breakdown of destinations and operating procedures can viewed on the member website at www.clubatlantis.net.

RMI (Gibraltar) Limited is a prominent member of both ARDA (the American Resort Developers Association) and the European trade body, OTE, where varying employees sit on a number of the executive committees.

The RMI Consortium having grown consistently over its thirteen years, now employs more than four hundred employees across Europe and Asia will continue to further develop its long term strategy incorporating the principles of the past with the requisite consumer needs of the future along with strategic partners, such as RCI and Hutchinson & Co Trustees, to develop a network of resort destinations, combined with service levels, on a universal basis that will continually far exceed their clients expectations.

SOURCE: RMI