Two destination clubs, Ultimate Escapes Holdings and Everlands have announced an exclusive agreement for all Everlands members, who will be offered the chance to sign up with Ultimate Escapes, under preferred membership terms. During the first quarter of this year, Everlands has been actively seeking a viable partnership agreement to benefit its members, after declaring its plans to end membership sales and its operations. This is mainly brought about by its failure to reach the target number of members due to the collapse of lehman it's principal lender and unfavorable economic trend.

"We searched for a partner who had a proven and solid financial track record, as well as an impressive management team in place, to provide Everlands' members with a compelling offer for a comparable lifetime of extraordinary club experiences," said Bob Burch, CEO of Everlands. "With Everlands, we sought a way to share the world's finest properties with like-minded people who have a love for family, a passion for nature and the great outdoors, and who seek to experience the many adventures that await each of us. We think we have been successful in our search. I believe that Ultimate Escapes will be an excellent home for Everlands members."

"We are delighted to welcome Everlands members to Ultimate Escapes," said Jim Tousignant, CEO and president of Ultimate Escapes. "We are offering very special membership values that will benefit Everlands members as well as all stakeholders in Ultimate Escapes. The Everlands tradition of conservation and environmental stewardship will also be an inspiration to us as we continue to expand on our 'Smart Home / Green Home' technologies, making an even stronger case for the sustainability and eco-friendly nature of shared vacations in our club."

Everlands members share the same enthusiasm that Ultimate Escapes members have for unforgettable vacations in beautiful places. Everlands offered extraordinary experiences to its members and investors in some of the world's great properties, combining unique vacations with a strong sense of environmental and ecological stewardship. Everlands continually partnered with many of the world's most outstanding conservation groups and individuals. In 2008, Everlands realized that its operations would not be viable after its principal lender went out of business. As such, the club and its management team sought to offer its members the opportunity to join a leading destination club, Ultimate Escapes, the premier destination club in the world with more than 130 properties in 45 locations and more than 1,200 club members.

As part of the strategic agreement, Everlands will also exclusively share with Ultimate Escapes a database of more than 500 qualified prospects who had expressed interest in Everlands club membership. These prospects will be offered a special membership opportunity with Ultimate Escapes.

About Ultimate Escapes®

Founded in 2004, Ultimate Escapes is the largest luxury destination club as measured by number of club destinations, and the second-largest destination club as measured by number of members. Ultimate Escapes offers members flexible access to a growing collection of hundreds of multi-million dollar private residences and luxury hotels in more than 150 global club and affiliate destinations. Locations range from chic urban apartments to charming beach cottages, spacious five-bedroom homes to an 80-foot private yacht. Each trip is coordinated by experienced, knowledgeable staff, trained to handle every vacation detail. Additional information about Ultimate Escapes and its club and membership offerings can be found at www.ultimateescapes.com.

Source: Ultimate Escapes Holdings, LLC