MasterCorp Acquires 4th Las Vegas Location

Press Release: MasterCorp
December 20, 2001
CROSSVILLE, TN -- MasterCorp, Inc. announced today that they have received a contract for housekeeping services at the Cliffs at Peace Canyon, located in Las Vegas, Nevada. Scheduled to open December 28th, the property is being managed by Daily Management, a division of the Berkley Group, which operates numerous wholly and jointly owned timeshare resorts nationwide, including Williamsburg Plantation in historic Williamsburg, Virginia, as well as Massanutten Four-Season Resort in Virginia's Shenandoah Valley.

MasterCorp, based in Crossville, TN., is the largest provider of resort housekeeping services in the country, serving over 80 POAs at resorts in 12 states, representing nearly 10% of available timeshare unit inventory.

Alan Grindstaff, CEO for MasterCorp, in making the announcement said, "We are extremely excited about adding the Cliffs at Peace Canyon to our existing portfolio of Las Vegas properties. We have been established at Polo Towers for over 4 years and have obtained housekeeping contracts at Ramada Vacation Suites and Grand Desert during the past 2 years.

"Resort development in this market continues to look promising as well," he added.

MasterCorp provides housekeeping services for RCIM/ Fairfield Resorts, Marriott, Sunterra, and many other independent resort locations, including Orange Lake Resort in Kissimmee, FL. and Hilton Head Beach & Tennis Club in South Carolina.

Grindstaff went on to say, "With a company Regional and District Manager based in Las Vegas, we look forward to increasing our market share in the future."

For more information regarding MasterCorp, contact Dick Coyle, Marketing Director at 800-489-1718 or visit them on the web at www.mastercorpinc.com.