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ECONOMY/IRAQ CONCERNS LOWERS RESULTS FOR TIMESHARE AUCTION 2002 BY FIVE PER CENT

LOS ANGELES--- Over 100 live bidders along with forty-four mail-in and internet bidders produced a total of 80 timeshare sales at TRI West's 21st annual auction. But concerns over the economy and a possible Iraq conflict lowered overall results for this years auction by five per cent.

"After 21 successful auctions, a live auction supported with mail-in bids and live internet chatters from around the world is still the only way to sell a large number of different resorts in different locations quickly and at a fair market price," said auction sponsor Mario Collura of TRI West. According to Collura, 100% of the sellers who attended the auction and followed the TRI West starting bid recommendations sold their timeshare week.

A total of eighty timeshares were sold with an average price of $1,944. Highest price paid was $9,500 for a two bedroom Marriott Desert Springs in Palm Springs, CA. Lowest price paid was $150 for a two bedroom Silverleaf's Villages in Flint, TX.

To obtain information on unsold inventory or to register for the next auction scheduled for September 2003, contact

TRI West
13353 Washington Blvd
Los Angeles, California 90066

The nationwide toll-free info line is (800) 423- 6377.
TRI West can be reached worldwide at http://www.triwest-timeshare.com.

The Piatelli Company was the official auctioneer for the "Live.. Mail-in.. Internet.. Timeshare Auction 2002."