As the timeshare industry has evolved into a global success story over the past 30 years, Interval International has emerged as a leader and innovator. With its in-depth expertise and vision, the company provides services in all aspects of vacation ownership to its developer partners, who include major hospitality companies and leading independent resort developers.

Interval offers its consumer members the opportunity to trade the vacation interest they own for accommodations at comparable resorts around the world. The exchange feature, coupled with Interval's extensive benefits package, is an important enhancement to many vacation ownership programs. It provides clients with a powerful sales tool and a proven motivation for the purchase of vacation time.

Vacation Ownership Today

Timesharing is one of the most dynamic segments of the hospitality industry, having grown to $11 billion in sales in 2005. Because it gives consumers the ability to purchase their future vacations at affordable prices, its appeal is strong and resilient. Vacation ownership provides access to quality accommodations without the commitment and expense of owning a second home.

Today, millions of people choose vacation ownership as their preferred vacation style. There is an offering to fit every prospective owner's needs, including various forms of traditional timesharing, fractional resorts, condo-hotels, and private residence clubs.

Partnering For Success

Interval is the best resource for access to expertise in all phases of the complex development process to assure both the viability of a project and long-term owner satisfaction. The company offers its clients a wide range of support, including market research, high-impact point-of-sale materials that help close sales, and a seamless approach to ongoing resort operations. In addition, Interval works closely with its strategic partners to track market trends and development issues.

Interval Resort & Financial Services (IRFS), an affiliated company of Interval International, specializes in creating customized programs of all configurations, such as club products, point systems, hybrid programs, and split, floating, or traditional weeks. IRFS also offers turnkey back-office, reservation, and financial services that streamline administrative processes by using Interval's infrastructure and technology.

About Interval International

Interval International, an operating business of IAC/InterActiveCorp, assists developer clients by providing services for today, technology for tomorrow, and the industry insight to help them achieve their goals.

INTERVAL INTERNATIONAL PROFILE

Founded: 1976 in Miami, Florida

Core Service: Vacation exchange

Affiliated Resorts: 2,000+ in over 75 countries

Member Households: More than 1.8 million

2005 Confirmed Vacations: 877,000

Offices: 28 in 19 countries

Address: 6262 Sunset Drive, Miami, Florida, 33143

Web Site: : www.resortdeveloper.com

SENIOR MANAGEMENT

Craig M. Nash, Chairman and Chief Executive Officer

Jeanette Marbert, Chief Operating Officer

Carl Drew, Chief Financial Officer

David Gilbert, Executive Vice President, Resort Sales and Marketing

David Clifton, Managing Director, Europe, Middle East, Africa & Asia