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MIDTOWN VILLAGE IN UTAH JOINS RCI'S EXCHANGE NETWORK

PARSIPPANY, N.J. 08-31-2006 — RCI, the global leader in vacation exchange, has announced that Midtown Village, located in Orem, Utah, has signed an affiliation agreement that will add the vacation owner development to RCI's worldwide network of affiliated resorts.

An upscale, mixed use urban village development in Utah Valley, Midtown Village will offer 240 condominiums, consisting of one-bedroom, two-bedroom and three-bedroom units as well as deluxe and penthouse accomodations. The first phase of the project will have occupancy in spring 2007.

Midtown Village will also feature commercial space for businesses and an array of shopping and dining options. Residents will also have accees to recreational amenities, including a rooftop lap pool and fitness center.

Midtown Village has been awarded the prestigious RCI Gold Crown Resort® status based on proposed amenities and service standards. The resort has joined the RCI Points® Exchange Program, which allows Midtown Village vacation owners to have access to RCI’s global exchange network of more than 3,700 affiliated resorts. RCI Points subscribing members can use RCI Points to customize their vacation and apply RCI Points to other leisure opportunities such as airline tickets and cruises.

Through the affiliation agreement, RCI will support Midtown Village with several RCI programs and services including business services, consumer marketing and quality assurance.

Additional information on Midtown Village is available at www.midtownvillage.com or by calling 1-801-226-8696.

About RCI
Founded in 1974, RCI is the worldwide leader in vacation exchange and a provider of travel services to businesses and consumers. Through a unique breadth and scope of accommodation choices, types and locations, RCI offers its global community of more than three million members quality vacation experiences at more than 3,700 resorts worldwide through its week-for-week and points-based exchange networks. As a growth partner, RCI delivers customized, integrated and results-driven solutions to meet the needs and exceed the expectations of its affiliates and consumers worldwide. RCI is a division of the RCI Global Vacation NetworkSM, the global leader in leisure accommodations with exclusive access for specified periods to approximately 55,000 vacation properties in more than 100 countries.

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