Vacation ownership has evolved into a global success story over the past 30 years, with Interval International at the forefront of technology, innovation, marketing, research, and program development. Today, the industry is rich in potential, both for established developers and those entering the market. Interval leads with experience, vision, and expertise and is the best resource at every stage of the development process. The Miami-based vacation services company is the partner of choice for major hospitality firms and prominent independent resort developers.

Through Interval, developer clients offer their owners the opportunity to trade time at the resort they own for comparable accommodations at resorts around the world. The exchange feature, coupled with Interval's extensive benefits package, is an important enhancement that provides a powerful sales tool and a proven motivation for the purchase of vacation ownership.

Evolving Market, Evolving Products

Now a multi-billion dollar industry, vacation ownership enjoys strong consumer satisfaction. And, as the price of vacation homes in key destinations continues to escalate, demand grows for a wider variety of products.

Interval recently announced its strategic alliance with Preferred Hotel Group, Inc., a global corporation representing independently owned luxury hotels and resorts, to establish a branded exchange network for fractional resorts and private residence clubs. Through Preferred Residences^™, independent developers have the opportunity to promote their upscale projects within a network of luxury accommodations throughout the world, access to marketing resources, and exclusive exchange and membership services for their vacation owners.

The Preferred Residences network is accepting charter members with program launch slated in 2008.

First Class Service

Interval provides the highest-quality services to developers of all product types. Its unrivaled global resort network, superior exchange methodology, and value-added benefits keep owners satisfied in their purchase decision, year after year.

The company offers decision-making tools supported by extensive research, high-impact point-of-sale materials that help close sales, and a seamless, turnkey approach to ongoing resort operations. In addition, Interval works closely with its strategic partners to track and report market trends and development issues.

Interval Resort & Financial Services (IRFS), an affiliated company of Interval International, offers tools and services to aid developers in program creation, back-office management, software support, debt servicing, and more. IRFS specializes in working with resort developers to create vacation ownership programs of every configuration, including club products, points-based systems, hybrid programs, split weeks, and floating or fixed weeks. IRFS also offers turnkey reservation services that are an extension of clients' management operations, to complement their own resources for maximum operating efficiency.

As the industry evolves, Interval will continue in its leadership role by providing developer clients products and services for today, technology for tomorrow, and the insight necessary to help them identify opportunities, maximize profitability, and achieve their goals.

About Interval International

Interval International is a leading provider of exchange, travel, and leisure services to resort developers and vacationers worldwide. Based in Miami, Florida, the company has been a pioneer and innovator in serving the vacation ownership market for more than 30 years. Interval is an operating business of IAC.

Interval International

Founded: 1976 in Miami, Florida

Core Service: Vacation services

Member Resorts: 2,200+ in 79 countries

Member Households: Nearly 2 million

2006 Confirmed Vacations: 925,500

Offices: 29 in 18 countries

Address: 6262 Sunset Drive, Miami, Florida, 33143

Web Site: www.resortdeveloper.com