Press Release
June 7, 2001
PHOENIX, AZ -- ILX Resorts Incorporated (AMEX: ILX) a leading developer, operator and marketer of upscale vacation
ownership resorts in the Western United States, Wednesday announced the appointment of Christopher J. Scoggin as
chief financial officer.
Scoggin joined the company on June 4, 2001 as executive vice president and chief financial officer. Scoggin is
a certified public accountant and graduate of Arizona State University. His diverse background in financial leadership
includes senior financial management of both public and private companies and public accounting experience.
``Chris' strong background in financial management, coupled with his expertise in Information Technology, provide
an excellent foundation for his role with ILX Resorts,'' said Nancy Stone, president and chief operating officer
of ILX Resorts Incorporated.
``His energy, experience and talent will complement and enhance our senior management team of highly motivated,
resourceful leaders. Through their enthusiastic and capable direction, we look forward to continued success in
achieving our mission of providing customers with a lifetime of extraordinary vacation experiences while maximizing
profitability and shareholder value.''
ILX Resorts Incorporated develops, operates and markets upscale vacation ownership resorts. The company's current
portfolio of resorts consists of six resorts in Arizona, one in Indiana, one in Colorado, one near completion of
construction in San Carlos, Mexico, and land adjacent to an existing resort in northern Arizona for which the company
holds development rights.
The company markets its vacation ownership interests primarily through its Premiere Vacation Club. Internet users
can visit the ILX Resorts Incorporated web site at http://www.ilxresorts.com.
For more information, contact Stone at 602/957-2777.
This news release constitutes certain ``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, 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 from time to time
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, Phoenix
Nancy J. Stone, 602/957-2777