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To: Glenn Petersen who wrote (2137)11/23/2009 6:41:33 PM
From: Glenn Petersen1 Recommendation  Respond to of 3862
 
On October 29, 2009, Secure America Acquisition Corporation announced that it had closed on the acquisition of Ultimate Escapes Holdings, LLC:

Ultimate Escapes Becomes First Publicly-Traded Luxury Destination Club

Secure America Acquisition Corporation Stockholders Approved Business Combination with Ultimate Escapes Holdings, LLC
Transaction Closed October 29, 2009


Press Release
Source: Secure America Acquisition Corporation
On 4:29 pm EDT, Thursday October 29, 2009

ARLINGTON, Va.--(BUSINESS WIRE)--Secure America Acquisition Corporation (NYSE Amex: HLD, HLD.U, HLD.WT) (“Secure America” or the “Company”) announced today that it has closed its business combination with Ultimate Escapes Holdings, LLC following yesterday’s approval of all of the proposals related to the business combination and the amendment of certain terms of its warrants at Secure America’s special meeting of stockholders and warrantholders. Secure America has changed its name to Ultimate Escapes, Inc., and its common stock, warrants and units continue to trade on the NYSE Amex under the same ticker symbols HLD, HLD.WT, and HLD.U, respectively. However, it is anticipated that, on Friday, October 30, 2009, the Company’s common stock, warrants and units will begin trading under the new ticker symbols UEI, UEI.WT, and UEI.U, respectively, on the NYSE Amex.

“The closing of this transaction is an important milestone in the evolution of Ultimate Escapes and the entire destination club industry,” stated Jim Tousignant, President and CEO of Ultimate Escapes. “As the only pure-play public company luxury destination club, we are excited about the growth opportunities that lie ahead in this highly attractive segment of the luxury leisure market and are well positioned to take this business to the next level.”

“We are very excited that our stockholders approved the business combination with Ultimate Escapes,” stated Mr. C. Thomas McMillen, former Chairman and Co-Chief Executive Officer of Secure America. “We look forward to working with the Ultimate Escapes management team, as it strengthens its position as the premier operator of luxury destination clubs and builds shareholder value over the long-term.”

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