ILX Resorts Announces 19th Quarterly Dividend

. October 14, 2008

SEPTEMBER 17, 2007. Resorts Incorporated (AMEX:ILX) announced today the prospective payment of a quarterly dividend of $0.125 per share. The dividend has a record date as of the close of business on September 28, 2007 and is payable on October 10, 2007 to shareholders of record. Shareholders electing participation before the payment date may reinvest their dividends in additional shares of common stock through the Dividend Reinvestment Plan originally adopted in March 2003 and amended and restated in March 2006. The annual dividend of $0.50 per share, payable quarterly, was declared on September 25, 2006.

"We are pleased to announce our nineteenth consecutive quarterly dividend," said Joe Martori, Chairman of ILX Resorts. He continued, "The consistent quarterly dividends, in conjunction with the Dividend Reinvestment Plan, provide shareholders with a current return and the opportunity to expand their investment in the Company."

ILX Resorts acquires, develops, and operates premier timeshare resorts primarily in the western United States that provide its owners with extraordinary vacation experiences. ILX's portfolio of world-class properties includes eight resorts in Arizona, one in Indiana, one in Colorado, one in San Carlos, Mexico and land in Puerto Pe~nasco ("Rocky Point"), Mexico and Sedona, Arizona, both of which are in the final planning stages. It also, through Premiere Vacation Club, has acquired, and continues to acquire, inventory at the Carriage House in Las Vegas and in addition has acquired inventory at the Scottsdale Camelback Resort in Scottsdale, Arizona. For more information, visit: www.ilxresorts.com.

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