RedWeek Press Releases

Timeshare Milestone Reached by RedWeek.com

SEATTLE - March 21, 2006 - RedWeek.com, the online marketplace for timeshare rentals and sales, reached a milestone today, registering its 1,000,000th user. RedWeek.com offers timeshare condominium accommodations and has over 5,000 resorts represented from around the world. Online interest for timeshare rentals and resales is on the rise as the benefits of timeshare vacationing are being discovered.

"RedWeek.com appeals to more than the current base of timeshare owners," said Howard Nusbaum, President of the American Resort Development Association (ARDA). ARDA (www.arda.org) is the Washington D.C.-based professional association representing the vacation ownership and resort development industries. Nusbaum continued, "There are increasing numbers of people who are interested in learning how timeshare can help them get more out of vacationing and offer a compelling value proposition. Web sites like RedWeek.com help consumers with this education while they consider where they want to buy."

Non-owner travelers and timeshare owners are using the Web for timeshare price comparisons and research. RedWeek.com has thousands of resort ratings and reviews written by its members. The Web site has been bringing non-owner travelers to timeshare. RedWeek.com's 1,000,000 registered users represent 650,000 non-timeshare owner travelers and 350,000 timeshare owners. All registrants have expressed interest in timeshare and have active e-mail addresses within the online community.

With a free registration, visitors to RedWeek.com can view resort ratings, photos and descriptions. For $9.99, one can upgrade to member status and contact other members regarding rental, sale or exchange postings. Timeshare owners can post their unit for rent or exchange for $19.99 for a 6-month period, and resale postings are $49.99 for 12 months.

RedWeek.com (www.redweek.com) is a member-supported marketplace connecting travelers and the timeshare community. The site was launched in November of 2002 and continues to experience significant growth. It offers outstanding resort condominium accommodations for rent, purchase, and exchange directly between users.