Safe Harbor

Statements on this website, other than statements of historical information, are forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.

Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date first posted to this website. Such risks and uncertainties include but are not limited to: economic downturns; terrorist acts upon the United States; threat of or actual war; unfavorable weather conditions; our ability to obtain financing on terms acceptable to us to finance our real estate investments, capital expenditures and growth strategy; our ability to grow our resort and real estate operations; competition in our Mountain and Lodging businesses; our ability to hire and retain a sufficient seasonal workforce; adverse changes in the real estate markets; our ability to successfully initiate and/or complete real estate development projects and achieve the anticipated financial benefits from such projects; implications arising from new Financial Accounting Standards Board (“FASB”)/governmental legislation, rulings or interpretations; our reliance on government permits or approvals for our use of federal land or to make operational improvements; our ability to integrate and successfully operate any future acquisitions; and adverse consequences of current or future legal claims.

Readers are also directed to other risks discussed in documents filed by the Company with the Securities and Exchange Commission.