Press Release
March 2, 2001
DALLAS, TX -- Silverleaf Resorts, Inc. (NYSE: SVR) yesterday announced that its Board of Directors has engaged
UBS Warburg as its exclusive financial advisor to assist the Company in reviewing its business plan, financial
restructuring and review of other strategic alternatives.
UBS Warburg is a leading full-service investment banking firm serving individuals, corporations, institutions and
governments. The Company noted that UBS Warburg is recognized for its expertise in the lodging and leisure industries
as well as financial restructurings.
Based in Dallas, Texas, Silverleaf Resorts, Inc. currently owns and/or operates 22 resorts in various stages of
development. Silverleaf resorts offer a wide array of country club-like amenities, such as golf, swimming, horseback
riding, boating, and many organized activities for children and adults. Silverleaf has a managed ownership base
of over 116,000.
This release contains certain forward-looking statements which involve risks and uncertainties and actual results
may differ materially from those anticipated. The Company is subject to specific risks associated with the timeshare
industry, the regulatory environment, and various economic factors. Additionally, anticipated results are dependent
upon the Company's ability to identify and acquire or develop other operations under terms which are beneficial
to the Company and its shareholders. Other risk factors are more fully discussed under ``Cautionary Statements''
in the Company's SEC reports, including the Company's 1999 annual report on Form 10K (pages 29 through 35).
--------------------------------------------------------------
Contact:
Silverleaf Resorts, Inc.
Thomas C. Franks, Executive Vice President
214/631-1166
or
Randy Hecht/Michael Polyviou
Morgen-Walke Associates
Press: Steven DiMattia
212/850-5600