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Anthony R. Genth and Tanco Resorts Berhad
Terminate Agreement

Boulder, Colorado - June 19, 2002 -- Alton Leisure Industries LLC recently announced the termination of an agreement between its managing partner, Anthony (Tony) R. Genth and the Tanco family of companies. Based in Kuala Lumpur, Malaysia, Tanco is a diversified public company with extensive real estate and business interests throughout Asia. Alton is an international consulting company providing services to clients around the world.
 
Genth had previously served as CEO of Tanco's Sunshine MarketPlace Inc.  (SMI). Since the events of Q4 2001, the development of SMI's Global MarketPlace concept of trading leisure assets has been slowed considerably and is expected to continue into the foreseeable future. 
    
Genth, who currently serves as a member of the Tanco Board of 

Anthony Genth
Directors, has been actively involved in the development of a strategic plan for the expansion of Tanco Resorts Berhad in Southeast Asia and China. Genth also serves as Chairman of the American Resort Development Association.
 
According to Tanco Director Franco Yong, "We have enjoyed an excellent relationship with Tony and Alton over the past years and look forward to continuing this association through his ongoing participation on our board".  Genth also announced that he has re-purchased the equity interest that Tanco previously held in Alton. 
    
Added Genth, "It has been a privilege for me to work with the Tanco Group and to assist them in the development of timeshare in China. Alton will continue to provide services to Tanco as well as to its traditional client community. After the extraordinary level of international travel required by this assignment, I am looking forward to staying closer to home in the future."
 

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Contact:



Tony Genth
416-490-0222, Ext. 272

 
Also See Anthony Genth and Edwin McMullen, Jr. Added to Shell Vacations LLC Management Team / May 1999 


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