BILTMORE VACATION RESORTS HIRES SUMMIT MARKETING

Press Release: Biltmore Vacation Resorts, Inc.

May 6, 1999
Biltmore Vacation Resorts, Inc. announced yesterday that it has retained Summit Marketing & Public Relations, Inc., with offices in New York, Connecticut and Florida, to handle all of the Company's public and investor relations.

"Realizing the potential of our products and the diversity of our organization, we needed a public relations firm with the expertise to fully understand our businesses and appreciate our unique position in the vacation ownership/timeshare industry. We hired Summit because of their reputation, track record and contacts in the investment and business communities,'' stated George Wuagneux, President/CEO, Biltmore.

"Summit Marketing is extremely excited about Biltmore Vacation Resorts. Biltmore, with its subsidiary companies, is a full-service developer. It can finance, design, build, market, sell and operate timeshares, commercial, office and residential projects. This company is well positioned to join the other major profitable players such as Marriott, Disney, Hyatt and Hilton, who have made a very positive impact on the timeshare/vacation ownership industry,'' exclaims Stuart Taft, President, Summit Marketing & Public
Relations.

Biltmore Vacation Resorts is an RCI-affiliated timeshare-resort developer with corporate headquarters in Las Vegas, Nevada. The Company has three subsidiaries, Sage Design Builders, Inc., Dynamic Design Architecture, Inc. and Nevada Realty and Management, Inc. While most timeshare companies are
primarily sales and marketing organizations, Biltmore and its subsidiaries can perform every function from design and construction to the financing, selling and operation of timeshares, hotels, office and residential products.