Message #1 From:
Stock News Bot Date: September 22, 2006 07:00:00 AM
AESK News American Skiing Company Announces Appointment of John Lowell to Managing Director of Attitash Resort
PARK CITY, Utah--(BUSINESS WIRE)--Sept. 22, 2006--American Skiing Company announced today that John Lowell has been named Managing Director of its Attitash resort in New Hampshire. Mr. Lowell brings 30 years of leisure and hospitality industry experience to the Managing Director position. Mr. Lowell served as General Manager of the Attitash Grand Summit Hotel and Conference Center, located at the base of Attitash resort, for the past three years.
"Since joining Attitash, John Lowell has succeeded in energizing and improving the Grand Summit Hotel. His constant focus on our guests' experience and continuous improvement in our operations will serve the entire resort well," commented President and CEO B.J. Fair. "We are pleased to promote someone of John's caliber from within our company to this critical position."
In his leadership position Mr. Lowell will have day to day responsibility for all activities and operations at Mount Washington Valley's largest ski and summer resort. Mr. Lowell will report to President and CEO B.J. Fair.
"Mount Washington Valley has long been a favorite place for my family, and I have spent recent years working here, building relationships and being a part of the community," said Lowell. "Attitash is an exceptional resort with many opportunities on the horizon. With our capable and motivated team of employees, we are well positioned to take this resort to the next level. I am honored to be chosen to lead this team, and I am confident that our guests and employees will witness a number of exciting developments in the coming years," added Lowell.
Prior to joining American Skiing Company, Lowell was Director of Hospitality at Waterville Valley Resort in New Hampshire, and Director of Guest Services for Castle Springs in Moultonborough, New Hampshire.
Mr. Lowell is a graduate of Dartmouth College. He and his wife Carrie have three children.
About American Skiing Company
Headquartered in Park City, Utah, American Skiing Company (OTCBB: AESK) is one of the largest operators of alpine ski, snowboard and golf resorts in the United States. Its resorts include Killington, Pico and Mount Snow in Vermont; Sunday River and Sugarloaf/USA in Maine; Attitash in New Hampshire; Steamboat in Colorado; and The Canyons in Utah. More information is available on the Company's web site, www.peaks.com.
Certain statements contained in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). These forward-looking statements are not based on historical facts, but rather reflect our current expectations concerning future results and events. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. We have tried, wherever possible, to identify such statements by using words such as "anticipate", "assume", "believe", "expect", "intend", "plan", and words and terms of similar substance in connection with any discussion of operating or financial performance. Such forward-looking statements involve a number of risks and uncertainties. In addition to factors discussed above, other factors that could cause actual results, performances or achievements to differ materially from those projected include, but are not limited to, the following: changes in regional and national business and economic conditions affecting both our resort operating and real estate operating segments; competition and pricing pressures; adverse weather conditions regionally and nationally; changes in weather patterns resulting from global warming; seasonal business activity; increased gas and energy prices; changes to federal, state and local regulations affecting both our resort operating and real estate segments; failure to renew land leases and forest service permits; failure to cure pending defaults under our ground lease at The Canyons resort and any resulting disruption in access to ski terrain at such resort; disruptions in water supply that would impact snowmaking operations; the loss of any of our executive officers or key operating personnel; and other factors listed from time to time in our documents we have filed with the Securities and Exchange Commission. We caution the reader that this list is not exhaustive. We operate in a changing business environment and new risks arise from time to time. The forward-looking statements included in this press release are made only as of the date of this document and under Section 27A of the Securities Act and Section 21E of the Exchange Act, we do not have or undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.
