ILX Resorts Appoints Vice Chairman.

Business Editors

PHOENIX--(BUSINESS WIRE)--July 30, 2001

ILX Resorts Incorporated (AMEX: ILX) a leading developer, operator and marketer of upscale flexible-stay vacation ownership resorts in the Western United States, Monday announced the appointment of Jim Ball as vice chairman

Effective immediately, Ball has been named vice chairman of the company to work directly with Joe Martori, chairman and chief executive officer, to guide and oversee the company's future growth.

Ball is a graduate of the University of Notre Dame and has 30 years of diverse business experience in hotel and resort properties including senior management positions at Classic Hotels and Resorts, the Arizona Biltmore Resort & Spa, The Woodlands Corp. and more than a decade with Marriott Hotels.

"We are enormously excited to welcome Jim Ball to our most senior executive team. I'm certain his management expertise and engaging style will blend very well with our dynamic corporate culture," said Martori.

"Initially, Jim's responsibilities will include the direction and expansion of our recently announced strategic alliances in Mexico; working closely with me to guide the company's `Kaleidoscope at McCarran' project on the 44 acres of prime real estate in Las Vegas, Nevada, acquired last week, and the evaluation and implementation of potential additional vacation ownership development opportunities," Martori continued.

ILX Resorts Incorporated develops, operates and markets upscale vacation ownership resorts. The company's current portfolio of resorts consists of six resorts in Arizona, one in Indiana, one in Colorado, one in San Carlos, Mexico, and land adjacent to an existing resort in northern Arizona for which the company holds development rights.

It also, through Premiere Vacation Club, has acquired and continues to acquire inventory at The Carriage House in Las Vegas. The company markets its vacation ownership interests primarily through its Premiere Vacation Club. Internet users can visit the ILX Resorts Incorporated web site at http://www.ilxresorts.com.

For more information, contact Martori at 602/957-2777.

This news release constitutes certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and many of which are beyond the company's control.

Actual results could differ materially from these forward-looking statements as a result of a number of factors, including, but not limited to, the company's need for additional financing, intense competition in various aspects of its business, the risks of growth, its dependence on key personnel and other risks detailed from time to time in ILX's Securities and Exchange Commission reports.

Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved.

ILX Resorts Incorporated does not assume any duty to publicly update or revise the material contained herein.