Press Release: Trendwest Resorts, Inc.
September 19, 2001
REDMOND, WA -- Trendwest Resorts, Inc. (NASDAQ:TWRI), a leader in the vacation ownership industry, yesterday announced
the appointment of Larry Gildersleeve as Vice President and Senior Corporate Officer. In this newly created position,
Gildersleeve will focus on strategic issues, including joint ventures, strategic alliances and acquisitions, and
Trendwest's international operations.
Gildersleeve brings more than 20 years experience in a variety of marketing, sales and operations positions in
the hospitality industry. Prior to joining Trendwest, he has held senior management positions with Hilton GrandVacations
Company and MeriStar Hotels and Resorts, as well as both major international exchange companies, Interval International
and RCI. Gildersleeve also serves on the Board of Directors and is a member of the Executive Committee of the American
Resort Development Association (ARDA), the timeshare industry's trade association. He is also a member of the Board
of Directors and former president of the Washington, D.C.-based International Foundation for Timesharing.
``Larry is well respected as a leader throughout the timeshare industry. At Trendwest, we believe our success is
closely linked to our ability to anticipate and meet the needs of today's vacationing public. Throughout his career,
Larry has consistently championed new and innovative programs that address the ever-changing industry landscape,''
stated Bill Peare, President and CEO. ``We believe that his expertise will add significant value to Trendwest in
this newly created capacity.''
Gildersleeve holds a Bachelor of Science degree in Government and Journalism from Western Kentucky University,
where he currently serves as a member of its Board of Advisors, and a Masters of Business Administration from Indiana
Wesleyan University.
Trendwest Resorts, Inc., headquartered in Redmond, Washington, is a leader in the vacation ownership industry.
Through its exclusive relationship with WorldMark, The Club, and WorldMark South Pacific Club, the Company provides
a flexible vacation ownership system, based on the use of Vacation Credits. As of June 30, 2001, Trendwest had
45 sales offices, and 128,000 WorldMark and WorldMark South Pacific owners enjoyed over 2,350 condominium units
at 44 resort locations in the United States, British Columbia, Mexico, Fiji and Australia. For more information,
visit Trendwest and WorldMark at www.trendwestresorts.com and www.worldmarktheclub.com.
-------------------------------------------------------------------------
Contact:
Trendwest Resorts, Inc.
William Peare, President/CEO of Trendwest Resorts
(425) 498-2500 or billp@trendwestresorts.com