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Strategies & Market Trends : Timeshare Companies - OWN FFD TWRI VSTN SVR BXG -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Microcap who wrote (32)	7/12/1999 3:35:00 PM
From: KS	Read Replies (1) \| Respond to of 55

July 12, 1999 15:16 Sunterra Corporation Announces New Property Management Contract ORLANDO, Fla., July 12 /PRNewswire/ -- Sunterra Corporation (NYSE: OWN) announced today that its Marc Resorts subsidiary has entered into an exclusive management agreement with The Island Colony Partnership to serve as property manager and marketing agent for the Island Colony Hotel, a 720-unit property located along the tranquil Ala Wai Canal, near the center of Waikiki, Oahu, Hawaii. Beginning January 2000, Marc Resorts will manage units at the property succeeding the current property manager (Aston Hotels & Resorts) for a 10-year contract term. The Island Colony Hotel is located steps away from the center of Waikiki's world-renowned shopping, entertainment and dining experiences, as well as world famous Waikiki beach. The property offers all of the amenities that make it a popular destination of leisure travelers around the world, including a pool, spa, sauna, restaurant and activities center. "We are pleased to continue the growth of our Marc Resorts subsidiary and the expansion of our property management and rental business. We are excited about the growing opportunities we have in this segment. Our continued focus on increasing the scope of our property management and rental business also simultaneously adds incremental value to our core vacation ownership sales business," stated L. Steven Miller, president and chief executive officer of Sunterra Corporation. Michael V. Paulin, president of Marc Resorts and senior vice president of Sunterra Corporation, commented, "This contract represents a strong endorsement of Sunterra's ability to effectively and profitably manage vacation ownership and other resorts and hotels as well as signifying Marc's increasing prominence in the resort management industry." Sunterra Corporation is the largest international owner and manager of vacation ownership resorts, with 89 resort locations around the world and more than 250,000 owner families. Through its Marc Hotels & Resorts subsidiary, Sunterra also manages 21 resorts in Hawaii. The Company's operations consist of (i) marketing and selling vacation interests, (ii) developing, acquiring and operating vacation ownership resorts, (iii) financing customers' purchases and (iv) providing resort rental, management and maintenance services. This release contains forward-looking statements, which include Sunterra's future prospects and other forecasts and statements of expectations. Actual results might differ materially from those expressed in any forward looking statements made by Sunterra due to, among other things, factors related to the timing and terms of future mortgages receivable financings and sales and those factors identified in Sunterra's filings with the Securities and Exchange Commission, including those set forth in Parts 1 and 2 of Sunterra's Annual Report on Form 10-K for the year ended December 31, 1998, and current reports of Form 8-K. SOURCE Sunterra Corporation /CONTACT: L. Steven Miller, President and CEO, 407-532-1000, or Robert Weiner, Director of Investor Relations, 407-532-1000, both of Sunterra Corporation, or Gayle MacIntyre of Bates Travel and Tourism, 404-237-8618, for Sunterra Corporation/ (OWN)

To: Dr. Microcap who wrote (32)	8/4/1999 11:34:00 AM
From: KS	Respond to of 55

August 04, 1999 11:12 Sunterra Corporation and Home Shopping Network Team up to Market Vacation Ownership on Cable TV, Internet ORLANDO, Fla., Aug. 4 /PRNewswire/ -- Sunterra Corporation (NYSE: OWN), the world's largest vacation ownership company, has formed an exclusive partnership with Short Shopping, a division of Home Shopping Network, to market and sell Club Sunterra trial memberships and resort vacations to consumers. The innovative marketing partnership creates a new distribution channel for both the rental of condominium-style resort accommodations and trial programs in Club Sunterra. Club Sunterra is Sunterra Corporation's member- based vacation club that offers accommodations at Sunterra Resorts around the world as well as other leisure related products and services. The marketing programs with Short Shopping include the development of multiple media channels, including long and short form direct selling television formats, traditional TV commercials and interactive marketing using the Internet. Currently some 4 million U.S. households participate in vacation ownership. The industry has experienced a 15 percent compounded growth rate over the past 20 years using traditional industry marketing programs that have only penetrated limited segments of qualified consumer households. This new agreement between Sunterra and Short Shopping opens new and broader channels of distribution for Sunterra's vacation ownership products while communicating the experience of a Sunterra resort vacation in a visually compelling way. "Sunterra Corporation -- with its development of Club Sunterra -- has been an industry leader in evolving vacation ownership into a very sophisticated product that provides owners with a myriad of vacation choices and related leisure opportunities," said L. Steven Miller, president and CEO Sunterra Corporation. "Now we are leading the industry in exploring new distribution channels. "All market research indicates that today's consumer wants the benefits of vacation ownership that include larger accommodations, flexibility and the services of personal travel consultants," continued Miller. "The partnership with Short Shopping provides the venue of offer consumers both a detailed visual image and explanation of the vacation ownership concept, as well as the opportunity to test-drive the product for themselves." "Vacation ownership has been among the fastest-growing segments of travel and leisure over the past few years and it has achieved that performance without a mass-market communication vehicle," commented, Dave Williams, Short Shopping. "With Sunterra's industry-leading products and Short Shopping's ability to reach the consumer, we are confident of achieving broad market saturation and sustaining interest in experiencing the product." Consumers will begin seeing the marketing of Club Sunterra memberships this month. Home Shopping Network's Short Shopping Division will handle the scripting and production of all media applications. Among its media partners and clients are Turner Broadcasting, TNN, Media One, USA Networks (Nasdaq: USAI), plus regional and national publications. Home Shopping Network (www.hsn.com ), pioneered the electronic retailing industry in 1977. Its live 24-hour programming reaches 70 million U.S. households through broadcast, cable and satellite dishes. HSN continued its tradition of innovation in 1998 with the launch of Short Shopping, a division that produces direct selling commercials for various broadcasting partners. The Company holds interests in shopping channels in Germany and Japan; and produces Home Shopping en Espanol, a joint venture with Univision. HSN has been designated the official electronic retailer Times Square 2000. Sunterra Corporation is the world's largest vacation ownership company, with 89 resort locations throughout North America, Europe, the Caribbean, Hawaii, Latin America and Asia. Sunterra also manages over 22 condominiums and hotels in Hawaii and operates Club Sunterra; the world's most extensive points-based vacation ownership program. Sunterra Corporation became a publicly traded company in 1996 and has subsequently grown from nine resorts to its current worldwide network of company owned and managed resorts. In addition, during this period its member base has expanded from 25,000 owners to 250,000 owners and members. SOURCE Sunterra Corporation /CONTACT: Gayle MacIntyre or Caroline Craig, both of Bates Travel & Tourism, 404-237-8618, email, gmacintyre@batesww.com , for Sunterra Corporation, or Peter Shoobridge, Vice President, Business Development of Sunterra Corporation, 407-532-1000/ /Web site: hsn.com /

To: Dr. Microcap who wrote (32)	9/30/1999 4:11:00 PM
From: KS	Respond to of 55

September 30, 1999 15:48 Jefferies Eclipses Sunterra's 1999 EPS View, But Says Buy (OWN) (NewsTraders.com)--Due to Hurricane Floyd's impact on vacationers' Caribbean and Southeast plans, Jefferies Co. analyst Mark Benson today lowered his 1999 earnings-per-share estimates on fun-in-the-sun timeshare company Sunterra Corp. (OWN). Benson said the hurricane's damage to sales and tours has turned shares of Sunterra into an "exceptional buying opportunity." ********* See the rest of the story at newsalert.com