1. Centralized Timeshare Registry: A New Way to Speed Your Resort to Market

2. 2 Agenda  Background  Benefits –Regulators –Industry –Consumers  Demonstration  Costs/Maintenance  Timing  Next Steps

3. 3 Background  What is the Timeshare Registry? –One centralized database of all project information –Accessed by Regulators and Industry  Why do we need a Timeshare Registry? –Reduces Redundancy Industry submits 90% of same information in 50 or more different ways –Increases uniformity and speed of the submission/approval process –Preserves unique state requirements, including state specific forms and fees

4. Benefits to the Regulators

5. 5  Allows Focus on What Matters –Time is spent on review and approval vs populating a database or organizing hardcopy files  Renewals –Automated e-mailings/notifications  Real-Time, Web-based Access –All information will be virtually available 24/7  Disaster Recovery/Business Continuity –Filings are secured in database vs hardcopy

6. 6 Benefits to the Regulators  Virtual Collaboration with Industry –Avoids time-consuming standard mail and fax –Regulators can have more timely communication with the industry through the Registry  Storage Options –Hard copy –Computer –CDROM –Any other electronic storage device  At-A-Glance Features –Instantly shows historical and most current filing

7. 7 Benefits to the Regulators  Training Assistance –Self-guiding tutorial for new regulatory staff as well as for new industry reps  Monitor Registration Status in Other Jurisdictions –Important if basing abbreviated approval on full- registration in other jurisdictions  Breaks Through the Clutter –Avoids misplaced documents and space consuming files  Platform for Standardized Registrations

8. 8 Benefits to the Regulators Saves Money and Time Avoids costs of maintaining in-house or state- hosted information management system for registrations Avoids maintenance of equipment, application software and database expertise BEST NEWS OF ALL!

9. 9 Benefits to the Industry

10. 10 Benefits to the Industry  Faster Turnaround –Submissions –Approvals  Quicker Time to Market  Reduced Submission Redundancy

11. 11 Benefits to the Industry  Reduced Calls –Receipt of Filings –Registration Status –Approvals  Shared Information –Conversations can be done looking at same information

12. 12 Benefits to the Consumer

13. 13 Benefits to the Consumer  24/7 Online Accessibility –Review Public Reports –Avoid phone calls to Regulators and Developers –Aid in researching timeshare purchase Compare information among resorts

14. Demonstration

15. 15 Costs/Maintenance  Full Cost Borne by Industry  ARELLO Will Serve as a Consultant for Updates and Maintenance

16. 16 Timing  Currently in Design Stage –Completion: December 2006  Development –Completion: June 2007  Testing –Target Date: July – December 2007  Phased Rollout –Target Date: January 2008

17. 17 Next Steps  Continue to Develop Registry  Continue To Seek Input From Regulators/Industry  Continue To Seek State Participation –States Expressing Interest Alabama, Arkansas, Louisiana, Nebraska, North Carolina, and Texas