Vail, CO – July 27, 1999 — Vail Resorts and Net Services announced today a settlement of the lawsuit concerning the Internet addresses www.vail.com and www.beavercreek.com.

As part of an undisclosed settlement, Net Services, Inc., developer of ski.com, agreed to transfer ownership of the two domain names to Vail Resorts.

“We are very pleased with the terms of the settlement,” said Stuart Weiss, CEO of Net Services. Bruce Mainzer, Senior Vice-President for Marketing and Sales of Vail Resorts, agreed, saying, “We are delighted to have the web domains under our ownership.”

Vail Resorts will immediately integrate both Internet addresses into its overall web presence located at www.snow.com. According to Mainzer, “The two domains will play a significant part in our new Internet campaign scheduled to go on-line this fall.”

Vail Resorts is the owner and operator of the premier Colorado ski resorts of Vail, Beaver Creek, Keystone and Breckenridge and the Grand Teton Lodge Company in Wyoming. Net Services, Inc. is the owner and developer of the world-wide ski portal ski.com.