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Paula Smith Named President at Divi Resorts
 
CHAPEL HILL, N.C. - Feb. 18, 1999--The board of directors of Divi Resorts announced today that Paula Smith has been appointed president of Divi Resorts.

Reporting directly to the board, Smith will be responsible for the company's day to day operation and long term strategic planning and development. Smith joined Divi Resorts in 1998 as chief financial officer.

Prior to joining Divi, Smith spent the previous 14 years with the Eastern Slope Inn  Attitash Mountain Village Resorts in New Hampshire, as their Vice President of Finance/Operations. Smith has a BA in Business Finance and is a Masters Candidate in Business Management.  An active member of hospitality and timeshare industry associations, Smith is the immediate past president of the New Hampshire Restaurant and Lodging Association and served on the association's executive board for six years.  Smith has also served on the Governor's Task Force on Tourism in New Hampshire and is past president of Business Professional Women (BPW) Chicago and New Hampshire chapters.

Smith has served as a presenter, speaker and awards judge throughout the years for the American Resort Development Association (ARDA).  Additionally, she volunteered mentoring services for an ARDA administered program designed to facilitate the development of young industry professionals.

Divi's board and new President Paula Smith are committed to improving the company's resort and travel products and overall profitability.  Divi operates eight resorts on five Caribbean islands: Aruba, Bonaire, Barbados, Cayman Brac and St. Maarten.  Divi has a ninth resort under construction on St. Croix in the USVI.  Divi has been a leader in the Caribbean resort and vacation ownership industries for over two decades.

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Contact:
Divi Resorts
Jim Flynn, 
919/419-2055
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Also See: Former Playboy Resort in Great Gorge, N.J. to be Managed by Divi Resorts / Hotel Units to be Converted to Time Share / Aug 1998 

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