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State-of-the-Art Replacement Reserve Management Program Available to Participating Resort Affiliates

Miami, FL, April 14, 2003 – Interval International, a leading global vacation exchange, leisure lifestyle and travel related benefits provider, today announced additional benefits and services for resort affiliates using its Interval Purchasing Services (IPS) procurement program. Established in 1997, IPS is a comprehensive product purchasing service administered by ProvisionsSM, a division of Carlson Hospitality Worldwide with fulfillment provided by American Hotel Register Company (AHR). As part of an expansion in the range and depth of products available through IPS, participating resort affiliates will now be able to utilize a state-of-the-art replacement reserve management tool, which will be hosted and maintained by AHR.

“We are delighted to be working with Provisions and AHR to bring this much needed replacement reserve management tool to the vacation ownership industry,” said David C. Gilbert, executive vice president of Resort Sales and Marketing for Interval International. “This revolutionary projection program affords resort managers the ability to more accurately assess remaining useful lives for their component replacement items and estimate related replacement costs, allowing for a more reliable projection of current and future replacement reserve needs.”

IPS was originally created to assist resort affiliates with a one-stop procurement alternative by purchasing all of their operating supply, furniture, fixtures, appliance and equipment needs, as well as providing project management coordination and oversight.

By leveraging more than one billion dollars of annual purchasing volume generated through Provisions-developed programs, resort affiliates are able to avail themselves of significant volume purchasing discounts and consolidated order delivery, thus saving both the resort and the related homeowners’s associations substantial dollars and shipping costs.

“Working with strategic alliance partners like AHR allows Provisions to offer the best possible pricing and service available in the hospitality arena,” said David Gatzke, senior director of Operations for Provisions at Carlson Worldwide Hospitality. “Because we share the service philosophy and commitment to excellence that Interval delivers to its resort affiliate clients, we are proud to be able to introduce AHR – a hospitality leader for nearly 140 years – to the resort timesharing industry.”

For more than 27 years, Interval International has led the vacation ownership industry with innovative products and the highest levels of quality, service and value complemented by a global network of 2,000 resorts in 75 countries. With its headquarters located in Miami, Florida, Interval serves its developer clients and more than 1.5 million members through 27 offices in 18 countries and employs nearly 1,600 people worldwide. Interval International is a division of USA Interactive.

Christine Boesch
(305) 666-1861, ext. 7267

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Interval International, 6262 Sunset Drive, Miami, FL 33143