Advanced Reserve Solutions

MVCI Management S.L. awarded contracts to Advanced Reserve Solutions, Inc. for the completion of reserve analyses at two of the company's vacation ownership resorts: Marbella Beach Club in Marbella, Spain and Playa Andaluza Resort in Estepona, Spain. ARS coupled the comprehensive full-service reserve analysis consulting with the WinReserve software application.

According to Letteke Poncin, Regional Director of Finance - Operations for MVCI Management S.L., "ARS was selected to complete these reserve analyses because we have confidence in this firm to complete these jobs accurately and deliver professional and meaningful analyses. They proved this last year when they completed reserve analyses for two of our projects in Spain and Thailand."

Each of these resorts is unique and presents challenges only ARS is equipped to overcome. Marbella Beach Club is recently built out and consists of 288 units (contained in 14 three and four-story buildings constructed between 1997 and 2004), underground parking facilities, reception/office building, multiple pool areas (indoor and outdoor), beach area, restaurant and fitness center. Playa Andaluza Resort is approximately 25% built-out and consists of 85 units (contained in 2 four-story buildings), underground parking facilities, multiple pool areas (indoor and outdoor), beach area and fitness center. ARS completed these analyses using the native currencies.

Celebrity Resorts purchases WinReserve for all nine of its resorts

Orlando, Florida (June 2004)

Celebrity Resorts, Inc. has purchased WinReserve for all nine of its vacation ownership resorts. Celebrity manages resorts throughout the United States including Resort World in Orlando, Florida and The Brigantine in Atlantic City, New Jersey.

Celebrity contacted ARS after reviewing an ARS-completed reserve analysis for a recently acquired resort. Luis Villafuerte, Senior Director of Resort Operations for Celebrity, indicated "after comparing your analysis to some of the others I've seen, I knew this was the way to go...There was absolutely no better way to manage our reserve analysis needs."

Advanced Reserve Solutions, Inc. announces official release of new WinReserve

Laguna Hills, California (May 2004)

Advanced Reserve Solutions, Inc. announces the official release the new WinReserve (version 2.0) to its clients.

The new WinReserve application incorporates an entirely “new look” with new features and options. Steve Jackson, co-founder and principal of ARS, indicated, “our goal (with the new WinReserve) was to enhance functionality, features and capabilities while retaining the basic flow that our users have come to appreciate.” The new WinReserve application includes the following upgrades:

True 32 bit application with full Windows XP^® compatibility
All-new graphical user interface
Report Builder with all-new functionality (including ability to save custom reports)
New Reports and report options
Reports now have a secondary sort (only a primary sort existed prior)
New Photo Library feature
Photo linking (rather than embedding)
“Smart Sorts” automatically populate dynamic sort drop-down lists

Starwood Resorts renews WinReserve license for 26 resorts

Orlando, Florida (June 2003)

Starwood Vacation Ownership Management, Inc. has renewed their WinReserve license for 26 vacation ownership resorts. Starwood manages vacation ownership resorts throughout the world including Vistana in Orlando, Florida; Grand Villas in St. John, Virgin Islands and Mission Hills in Palm Desert, California.

Starwood first purchased WinReserve in June 2002.

Roger Raghunath, Financial Specialist with Starwood, indicated "We rely on WinReserve to effectively manage the reserve funds of extremely complex resort associations. After using the application for a year, I can honestly say it's great! We are also looking forward to the new WinReserve version."

Marriott (MVCI) selects Advanced Reserve Solutions, Inc. to perform reserve analyses for two resorts in Europe and Asia

Laguna Hills, California (February 2003)

MVCI Management S.L. awarded contracts to Advanced Reserve Solutions, Inc. for the completion of reserve analyses at two of the company's vacation ownership resorts: Club Son Antem in Mallorca, Spain and Phuket Beach Club in Phuket, Thailand. ARS coupled the comprehensive full-service reserve analysis consulting with the WinReserve software application.

Each of these resorts is unique and presents challenges only ARS is equipped to overcome. Club Son Antem is approximately 50% built-out and consists of 132 villas (contained in 18 two-story buildings) and multiple pool areas surrounding a golf course. Phuket Beach Club is approximately 50% built-out and consists of 60 units (contained in 2 four-story buildings) with a pool area. ARS completed these analyses using the native currencies.

Starwood Resorts purchases WinReserve for 26 resorts

Orlando, Florida (June 2002)

Starwood Vacation Ownership Management, Inc. has purchased WinReserve for 26 vacation ownership resorts. Starwood manages vacation ownership resorts throughout the world including Vistana in Orlando, Florida; Grand Villas in St. John, Virgin Islands and Mission Hills in Palm Desert, California.

Starwood had been using an older DOS-based reserve analysis application for the majority of these 26 resorts. ARS was also contracted to import existing data files into the ARS data structure. Lucia Jordan, Financial Specialist with Starwood, lead the search for a better reserve analysis software application. Countless hours were spent by Ms. Jordan, prior to the purchase, to ensure that this application would meet Starwood's dynamic requirements. Once the decision had been made, Ms. Jordan indicated "We are so excited to finally have an application we can use to more efficiently manage our client's reserve analysis needs."

Hunter's Creek Community Association purchases WinReserve

Orlando, Florida (June 2002)

Hunter's Creek Community Association has purchased WinReserve to manage the reserve funds of their master association and over 30 subassociations and cost centers.

Hunter's Creek is a prestigious access-controlled community with extensive recreational amenities. At build-out, this community is expected to be home to approximately 25,000 families.

Advanced Reserve Solutions, Inc. announces new WinReserve version

Laguna Hills, California (April 2002)

Advanced Reserve Solutions, Inc. has begun the process of upgrading WinReserve.

Steve Jackson, co-founder of ARS, indicated "Using WinReserve myself everyday since its original release, I have developed a 'wish list' of features, enhancements and improvements I'd like to see included. In addition to my own desires, the 'wish list' has been expanded by the diverse requirements of clients such as Marriott Vacation Resorts International, Starwood Resorts and the Owners Club."

Temeku Hills Community Association awards contract for reserve analysis

Temecula, California (February 2002)

Temeku Hills Community Association awarded a contract to Advanced Reserve Solutions, Inc. for the completion of their first reserve analysis.

Temeku Hills is a private, master-planned community of 1,300+ upscale single-family homes located in beautiful "wine country" Temecula, California. Amenities include an eighteen hole championship golf course; large clubhouse with restaurant, fitness center, media room, auditorium/theater (with professional sound and lighting equipment), arts & crafts rooms and several lounges; multiple pool/spa facilities; tennis courts and a children's play area.

Temeku Hills is a development of McMillin Land Development, one of California's premier home builders. Laura Wilson, Assistant Project Manager contacted ARS to complete this analysis as part of the builder transition process. According to Laura Wilson, "ARS was selected based on their commitment to quality, accuracy and their ability to complete the analysis within the required timeframe."

Ramada Vacation Suites awards contract for reserve analyses at six resorts

Las Vegas, Nevada (January 2002)

Ramada Vacation Suites awarded a contract to Advanced Reserve Solutions, Inc. for the completion of reserve analyses at six of the company's vacation ownership resorts: Honolulu, Hawaii; Indian Shores, Florida; Orlando, Florida (two resorts); Steamboat Springs, Colorado (two resorts). ARS coupled the comprehensive full-service reserve analysis consulting with the WinReserve software application.

Each of these resorts is unique, featuring 30 to 120 units with various recreational facilities.

Victor McElroy, Vice President of Resort Operations, said "We used ARS as a test at our resorts in Las Vegas. We have been thoroughly impressed by the level of detail provided and your firm's expert guidance. You passed the test with flying colors!"

Advanced Reserve Solutions, Inc. relocates Las Vegas office

Las Vegas, Nevada (January 2002)

Advanced Reserve Solutions, Inc. has moved its Las Vegas office from the Howard Hughes Center to Green Valley Ranch. This move has been made, for logistical purposes, to better serve our clients throughout the valley.

The new office is located at 701 North Green Valley Parkway, Suite 200; Henderson, Nevada 89074. The phone number remains (702) 893-2320. The facsimile number remains (702) 893-2322. Mr. Barry's email address remains dbarry@arsinc.com.

Club Corp awards contract for reserve analyses at four resorts

Dallas, Texas (August 2001)

Club Corp awarded a contract to Advanced Reserve Solutions, Inc. for the completion of reserve analyses at four of the company's Owners Club fractional ownership resorts: Hilton Head Island, South Carolina; Hot Springs, Virginia; Austin, Texas; and Telluride, Colorado. ARS coupled the comprehensive full-service reserve analysis consulting with the WinReserve software application.

Owners Club resorts represent the "high end" of the vacation ownership resort industry. The Owners Club purpose is simple, to provide its members with a world of extraordinary privilege. All the pleasures of premier resorts. All the benefits of private clubs. And all the rewards of owning the ultimate vacation home.

Most of the resorts consist of a small number (approximately 30) of single-family homes within a gated golf community. Typically, owners purchase a 27 day interval; essentially owning a vacation home with 12 other families. The professionally decorated homes consist of approximately 2,000 to 2,500 sq. ft., featuring generous dual master suites, guest bedroom, and all the rest of the features expected of a beautiful home.

Club Corp accepted proposals from three companies who specialize in reserve analyses. Jo Harris, Vice President of Club Corp indicated, "In the end we went with the company that offered the most. ARS was not the low bid; in fact, you (ARS) were the high bid. However, there was no question that your firm provided the highest level of service and the best overall package, including your experience in the industry and the software (WinReserve)."

Premier Resorts awards contract for reserve analyses at two resorts

Plymouth, Minnesota (July 2001)

Premier Resorts awarded a contract to Advanced Reserve Solutions, Inc. for the completion of reserve analyses at two of the company's vacation ownership resorts: Causeway on Gull (Nisswa, Minnesota) and Village at Izatys (Izatys, Minnesota). ARS coupled the comprehensive full-service reserve analysis consulting with the WinReserve software application.

These are two relatively small resorts located between the trees and lakes of Minnesota.

Premier Resorts accepted proposals from three companies who specialize in reserve analyses. Kristie Lacey-Hause, controller for Premier Resorts indicated, "ARS was the high bid by just a little bit. We had received a proposal from another firm in California and one from Illinois. The bid from Illinois was much less, probably due to the reduced travel expense; however, that firm did not appear qualified. The bids from California were pretty comparable; we decided on ARS based on your experience, references and sample report."

Michael Callahan earns Reserve Specialist (RS) designation from CAI

Alexandria, Virginia (March 2001)

Michael Callahan, Vice President of Advanced Reserve Solutions, Inc., was awarded the Reserve Specialist (RS) designation from Community Associations Institute (CAI). Mr. Callahan was the forty-eighth person in the United States to receive this professional designation.

The RS designation was developed by CAI for professional reserve analysts who wish to confirm to their peers and/or clients that they have demonstrated a basic level of competency within the industry. The RS designation is awarded to reserve analysts who are dedicated to the highest standards of professionalism and reserve analysis preparation.

Mr. Callahan is the fifth consultant with Advanced Reserve Solutions, Inc. to be designated as a Reserve Specialist.

Ramada Vacation Suites awards contract for reserve analyses at eight resorts

Las Vegas, Nevada (March 2001)

Ramada Vacation Suites awarded a contract to Advanced Reserve Solutions, Inc. for the completion of reserve analyses at eight of the company's vacation ownership resorts in Las Vegas. ARS coupled the comprehensive full-service reserve analysis consulting with the WinReserve software application.

Ramada Vacation Suites in Las Vegas is a large-scale resort, which actually consists of eight separate associations with 500+ units, located just off the world-famous Las Vegas strip. On-site amenities include large clubhouse facility with reception area, several offices (management, maintenance, housekeeping, etc.), fitness center and "general store;" several pool areas; and landscaped areas.

Laura Strade, Assistant Director of Resort Operations, indicated "We were most impressed with your sample reserve study and software demo CD. We are anxious to get you started in Las Vegas; this will be your proving ground."

Note: ARS passed "the test." See January 2002 press release "Ramada Vacation Suites awards contract for reserve analyses at six resorts."

Christie Lodge purchases WinReserve; awards contract for reserve analysis

Avon, Colorado (February 2001)

Christie Lodge Owners Association purchased the WinReserve software application from Advanced Reserve Solutions, Inc. and contracted with ARS to perform a comprehensive reserve analysis.

Christie Lodge consists of 280 units, numerous commercial facilities and various recreational amenities. Christie Lodge is one of the United State’s most well-known names in the vacation ownership resort industry. Situated below the Beaver Creek ski resort and just minutes from the Vail ski resort, Christie Lodge offers skiers and families a terrific vacation value. This area of Colorado also offers unbelievable beauty and numerous outdoor activities during the summer as well.

Christie Lodge had previously relied on an older DOS program for its reserve analysis. Ms. Tammy Darnell, controller at Christie Lodge said "We've been looking to upgrade our system. The old program works, but there are so many quirks...And, it's really difficult to understand what the results are." She continues, "Your system is so easy to use. I'm really excited about having you guys come out and get us on the right track again."

Advanced Reserve Solutions, Inc. announces release of WinReserve

Laguna Hills, California (January 2001)

Advanced Reserve Solutions, Inc. announced that WinReserve is now available to outside users.

WinReserve is a revolutionary Microsoft Windows^®-based application developed specifically for the analysis of homeowner association and vacation ownership resort reserve funds. WinReserve was developed over several years and has been used 'in-house' by ARS in the completion of thousands of full-service reserve analysis consulting projects.

Richard Ruffell, co-founder of ARS, said "Some of our larger clients requested a more 'hands-on' approach to their reserve analysis and data management. We responded by providing the most sophisticated reserve analysis tool available -- WinReserve."

Don Barry, AMS, PCAM, earns Reserve Specialist (RS) designation from CAI

Alexandria, Virginia (March 2000)

Don Barry, Vice President of Advanced Reserve Solutions, Inc., was awarded the Reserve Specialist (RS) designation from Community Associations Institute (CAI). Mr. Barry was the fortieth person in the United States to receive this professional designation.

The RS designation was developed by CAI for professional reserve analysts who wish to confirm to their peers and/or clients that they have demonstrated a basic level of competency within the industry. The RS designation is awarded to reserve analysts who are dedicated to the highest standards of professionalism and reserve analysis preparation.

Mr. Barry is the fourth consultant with Advanced Reserve Solutions, Inc. to be designated as a Reserve Specialist.

Albert J. Portune earns Reserve Specialist (RS) designation from CAI

Alexandria, Virginia (February 2000)

Albert J. Portune, Vice President of Advanced Reserve Solutions, Inc., was awarded the Reserve Specialist (RS) designation from Community Associations Institute (CAI). Mr. Portune was the thirty-fifth person in the United States to receive this professional designation.

The RS designation was developed by CAI for professional reserve analysts who wish to confirm to their peers and/or clients that they have demonstrated a basic level of competency within the industry. The RS designation is awarded to reserve analysts who are dedicated to the highest standards of professionalism and reserve analysis preparation.

Mr. Portune is the third consultant with Advanced Reserve Solutions, Inc. to be designated as a Reserve Specialist.

Kings Creek Plantation awards contract for reserve analysis

Williamsburg, Virginia (December 1999)

Kings Creek Plantation awarded a contract to Advanced Reserve Solutions, Inc. for the completion of a reserve analysis.

Kings Creek Plantation, located in a peaceful forest setting near historic Williamsburg, Virginia, will eventually be the largest vacation ownership resort in the world with 1,100+ units. Currently, in the initial phases of construction, the resort consists of 66 units (contained in 33 "cottage" style buildings) featuring three unique floor plans, clubhouse, large pool area, private roadways and extensive landscaped areas. Future development will include 1,000+ units, a 14,000 sq. ft. clubhouse and athletic facility featuring an Olympic size pool, overhead running track, large fitness center, locker rooms and juice bar.

Don Barry, AMS, PCAM, joins ARS to manage Las Vegas office

Las Vegas, Nevada (June 1999)

Don Barry, AMS, PCAM, has joined Advanced Reserve Solutions, Inc. to manage the operation of the Las Vegas office. Mr. Barry has extensive experience as a professional property manager, management company owner, and reserve analyst. This ARS office has been serving association's in Nevada since 1995.

The office is located at 3753 Howard Hughes Parkway, Suite 200; Las Vegas, Nevada 89109. The phone number is (702) 893-2320. The facsimile number is (702) 893-2322. Mr. Barry's new email address is dbarry@arsinc.com.

Advanced Reserve Solutions, Inc. opens office in Riverside, California

Riverside, California (June 1999)

Advanced Reserve Solutions, Inc. has established an office in Riverside, California. This office is managed by Albert J. Portune, who recently joined ARS. Mr. Portune has extensive experience as a reserve analyst. This office is strategically located to improve the firm's service to its existing clients in the Inland Empire and Coachella Valley/Palm Springs area.

The office is located at 3890 11th Street, Suite 100; Riverside, California 92501. The phone number is (909) 684-0157. The facsimile number is (909) 684-0197. Mr. Portune's new email address is aportune@arsinc.com.

Advanced Reserve Solutions, Inc. opens office in New England

Rye, New Hampshire (February 1999)

Advanced Reserve Solutions, Inc. has established an office in New England. This office is managed by Michael Callahan, who recently joined ARS. Mr. Callahan has extensive experience as a reserve analyst. This office is strategically located to provide superior service to the firm's growing list of clients on the eastern seaboard.

The office is located at 32 Cable Road, Suite 1; Rye, New Hampshire 03870. The toll-free phone number is (877) 357-2322. The facsimile number is (603) 964-5769. Mr. Callahan's new email address is mcallahan@arsinc.com.

Richard Ruffell earns Reserve Specialist (RS) designation from CAI

Alexandria, Virginia (August 1998)

Richard Ruffell, co-founder and principal of Advanced Reserve Solutions, Inc., was awarded the Reserve Specialist (RS) designation from Community Associations Institute (CAI). Mr. Ruffell was the twelfth person in the United States to receive this professional designation.

The RS designation was developed by CAI for professional reserve analysts who wish to confirm to their peers and/or clients that they have demonstrated a basic level of competency within the industry. The RS designation is awarded to reserve analysts who are dedicated to the highest standards of professionalism and reserve analysis preparation.

Mr. Ruffell is the second consultant with Advanced Reserve Solutions, Inc. to be designated as a Reserve Specialist.

Steve Jackson earns Reserve Specialist (RS) designation from CAI

Alexandria, Virginia (July 1998)

Steve Jackson, co-founder and principal of Advanced Reserve Solutions, Inc., was awarded the Reserve Specialist (RS) designation from Community Associations Institute (CAI). Mr. Jackson was the seventh person in the United States to receive this professional designation.

The RS designation was developed by CAI for professional reserve analysts who wish to confirm to their peers and/or clients that they have demonstrated a basic level of competency within the industry. The RS designation is awarded to reserve analysts who are dedicated to the highest standards of professionalism and reserve analysis preparation.

Mr. Jackson is the first consultant with Advanced Reserve Solutions, Inc. to be designated as a Reserve Specialist.

Century Hill Association awards contract for reserve analysis

Los Angeles, California (April 1998)

Century Hills Association awarded a contract to Advanced Reserve Solutions, Inc. for the completion of a reserve analysis for their 1999 fiscal year.

Century Hill is an ultra-exclusive condominium community of 280 units located in the swank Century City neighborhood of Los Angeles. Drive through the gated entrances and you're greeted by a valet parking attendant. This community is famous for having the largest subterranean parking lot west of the Mississippi. Home to many stars and other well-to-do types, this community employs a full staff of security officers. Other amenities include a beautiful clubhouse facility, large men's, woman's and co-ed fitness centers (that's right...three separate, large fitness centers), management offices, professionally decorated building lobbies and hallways (appointed with marble and wood), several pool areas, tennis courts, racquetball court, indoor driving range and lushly landscaped grounds.

Century Hill accepted proposals from two companies who specialize in reserve analyses. ARS was a new bidder; the other firm had been completing reserve analyses for Century Hill for a number of years. Gregg Lotane, CCAM, PCAM, General Manager at Century Hill indicated, "Your bid was four times as high as the other firm. The Board recognized that what we had in the past was not great and left out many important components. They are convinced that ARS will provide the level of detail and service we require."

Note: ARS has served Century Hill Association every year since 1998.

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