Peter Giamalva Named President and Managing Director of NorthCourseSM Advisory Services

April 2, 2007

PARSIPPANY, NJ - March 22, 2007 - NorthCourse Leisure Real Estate Solutions, a division of RCI Global Vacation Network, announced the appointment of Peter Giamalva as President and Managing Director of NorthCourse’s Advisory Services business, effective immediately. In this role, Giamalva will be responsible for managing and developing NorthCourse’s advisory services business, which provides high-quality consulting services to leisure real estate developers, tourism investors and hospitality companies for shared ownership and mixed use developments. Services provided include market analysis, feasibility studies, business modeling, product design, demand analysis, consumer and market research, and sales and marketing strategy development.

“The exploding growth of shared ownership real estate in all regions of the globe demands quality leisure real estate consulting services,” said Kenneth N. May, Chairman and CEO, RCI Global Vacation Network. “Peter’s extensive background in the travel and tourism industry is a great asset and will help NorthCourse support the business needs of developers worldwide.”

Giamalva has close to thirty years of global experience in the travel, tourism and hospitality industry. He joined RCI in 1999 and has held positions of increasing responsibility, including Chief Marketing Officer and General Manager of the company’s Leisure Rental division. Most recently, he was Chief Operating Officer of RCI’s Europe and Middle East region. Prior to joining RCI, he led international operations and travel industry marketing for Budget Rent A Car corporation. Previously, he spent 12 years in the package vacation business, where he helped establish and grow Thomson Vacations (now Apple Vacations.)

Giamalva holds a bachelor’s degree in economics from St. Mary’s University in Winona, Minn.

About NorthCourseSM Leisure Real Estate Solutions

With more than 30 years of experience, NorthCourse Leisure Real Estate Solutions is an international leader in providing the full spectrum of leisure real estate research and advisory services. The company’s expertise is in shared ownership business models and mixed use developments including timeshare, fractionals, private residence clubs, destination clubs and condo hotels as well as in-depth feasibility studies, business modeling, product design, consumer and market research. With offices in the United States, the United Kingdom, Spain, the United Arab Emirates and Singapore, NorthCourse is a division of the RCI Global Vacation NetworkSM, the global leader in leisure accommodations with exclusive access for specified periods to more than 60,000 vacation properties in more than 100 countries.

Media Contact:
Denise Hill
(973) 753-6154
Denise.Hill@rci.com