Angel Fire Resort Appoints New GM

Angel Fire, NM—August 9, 2004—Angel Fire Resort announced the appointment of Jon Mahanna to its top position of General Manager effective immediately. Mahanna had been the interim General Manager of Angel Fire Resort since April 2004. During this time he had been responsible for overseeing Angel Fire Operations, Real Estate and Vacation Ownership. He quickly introduced a number of programs to improve internal and external communication, and helped foster an enthusiastic working environment for Angel Fire Resort, local leadership and the community.

“I am very pleased to appoint Jon Mahanna as General Manager of Angel Fire Resort, said Tim Allen, President of Angel Projects, Inc., the managing company of Angel Fire Resort, LLC. “Over the past several years, Jon has proven his leadership and management skills, earning the respect of his staff as well as his peers within the industry. In April he stepped up to take on even more responsibility as interim General Manager—a challenge he met head on with tenacity and vision for the future. He has clearly established himself as the best person for the job.

“I am happy to take on this position in a regular capacity, said Jon Mahanna. “I recognize not only the challenges in running the Resort but the huge potential for growth and improvement. I am committed to establishing Angel Fire Resort as the resort destination of the southwest, offering year-round family fun and a wide array of activities for the outdoor enthusiast.

Prior to becoming General Manager, Mahanna served as the Director of Angel Fire Resort Operations. In this capacity he was responsible for overseeing all on-mountain and golf operations. He facilitated the creation of the first and only half-pipe in New Mexico along with a number of highly challenging terrain/freestyle parks. He has expanded the Resort’s mountain biking activities and improved its golf course facilities.

Mahanna’s extensive experience in the resort industry also includes: General Manager, Operations Manager and Ski School Director at Dodge Ridge Ski Resort in Pinecrest, CA; Director of Ski and Golf Operations at Big Bear Mountain in Big Bear Lake, CA. He has earned numerous industry accreditations and recognitions. Mahanna resides in Angel Fire, NM with his wife Suzanne who works for the Angel Fire real estate division.

Angel Fire Resort is the Southwest’s premier year-round alpine recreation destination. It offers a wide variety of activities for the outdoor enthusiast including skiing, snowboarding, golf, mountain biking, fishing and hiking. Angel Fire Resort is located in the Sangre de Cristo Mountains of northeast New Mexico in the heart of the “Enchanted Circle. For more information on Angel Fire Resort, please call 800-633-7463 or visit the web site at www.angelfireresort.com.