ILX Reports on Sudden Stock Drop
DECEMBER 27, 2007. ILX Resorts Incorporated (AMEX: ILX) reported today that there is no material development in the Company's undisclosed business and affairs to explain why the price of the Company's common stock has declined from approximately $9.00 to less than $3.00 per share over the last six (6) weeks. On December 13, the Company issued two announcements, one reporting its decision to discontinue the assessment of strategic alternatives and the other reporting the discontinuance of the Company's common stock dividend. The Company is currently in a quiet period pending reporting of fourth quarter results.
ILX Resorts acquires, develops, and operates premier timeshare resorts primarily in the western United States that provide its owners with extraordinary vacation experiences. ILX's portfolio of world-class properties includes eight resorts in Arizona, one in Indiana, one in Colorado, one in San Carlos, Mexico and land in Puerto Pe~nasco ("Rocky Point"), Mexico and Sedona, Arizona, both of which are in the final planning stages. It also, through Premiere Vacation Club, has acquired, and continues to acquire, inventory at the Carriage House in Las Vegas and in addition has acquired inventory at the Scottsdale Camelback Resort in Scottsdale, Arizona. For more information, visit: www.ilxresorts.com.
For more information, contact Joseph P. Martori, Chairman, or Margaret Eardley, Chief Financial Officer, at 602-957-2777.