Exclusive Cruises and Resorts Inc. Representative to be Interviewed
MIAMI BEACH, Fla.--(BUSINESS WIRE)--Nov. 22, 1999--Steve Trapp, Investor Relations representative for Exclusive Cruises and Resorts, Inc. (OTCBB: XCLU), will be featured on a live Internet chat tomorrow, Nov. 23, at 11 a.m., Pacific time.
To listen to the interview, shareholders and interested parties are invited to go to The Compass Point Group's site at www.compasspointgroup.com, click on Exclusive Cruises' name, then click on the "LISTEN LIVE" button. Listeners will be able to e-mail questions to Mr. Trapp about company news and events in real time.
In other company news, Exclusive Cruises and Resorts recently announced an agreement with FINOVA Group Inc. for a $10 million asset-based credit facility. The new credit facility is a $4.3 million acquisition and construction loan with a total take-out commitment of up to $10 million to be used to finance future timeshare sales.
ABOUT EXCLUSIVE CRUISES AND RESORTS, INC.
Exclusive Cruises and Resorts, Inc. is the parent company of two wholly owned subsidiaries in niche markets with high growth potential. Exclusive Properties, Inc. acquires and manages boutique cruise ships and resorts that operate or are located in high-demand tourist destinations. ExclusiVacations, Inc. is the group's principal sales and fulfillment arm. Exclusive Cruises and Resorts' sources of revenue include cabin and room sales from its properties, timeshare (club membership) sales, affiliation fees, and annual membership dues as well as travel services to its membership base.
Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors, including sales levels, distribution and competition trends and other market factors.
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Contact:
For Exclusive Cruises and Resorts, Inc.:
Steven G. Trapp & Company
888/253-2542
trappcl@ibm.net
or
Investor Relations:
The Compass Point Group, Inc.
Diann Tongco, 619/525-0800
dt@compasspointgroup.com
www.compasspointgroup.com
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