| | Business Summary | | Trendwest
Resorts,
Inc.
markets,
sells
and
finances
timeshare
Vacation
Ownership
Interests
in
the
form
of
Vacation
Credits
and
Fractional
Interests.
The
Company
also
acquires,
develops
and
manages
timeshare
resorts.
The
Company's
timeshare
resorts
are
owned
and
operated
through
WorldMark,
the
Club,
(WorldMark)
and
WorldMark
South
Pacific
Club
(WorldMark
South
Pacific).
WorldMark
is
a
non-profit
mutual
benefit
corporation
organized
by
Trendwest
in
1989
to
provide
a
flexible
vacation
ownership
system.
WorldMark
South
Pacific
is
a
registered
managed
investment
scheme
regulated
by
the
Australian
Securities
and
Investments
Commission.
The
Company
sells
Vacation
Ownership
Interests
in
the
United
States,
Fiji
and
Australia
primarily
through
off-site
sales
offices.
Fractional
Interests
are
sold
on-site
at
the
Depoe
Bay
resort
in
Oregon. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | TWRI
sells
and
finances
Vacation
Credits
in
WorldMark,
The
Club,
which
entitles
the
owner
to
use
a
fully
furnished
vacation
unit
based
on
the
number
of
credits
purchased.
TWRI
also
manages
WorldMark
resort
properties.
For
the
six
months
ended
6/30/01,
revenues
increased
48%
to
$229.9
million.
Net
income
rose
25%
to
$25.8
million.
Revenues
reflect
an
increase
in
the
number
of
Vacation
Credits
sold.
Earnings
were
partially
offset
by
higher
provision
for
doubtful
accounts. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| William Peare, 61
Pres,
CEO, Director | $323K | Timothy O'Neil, 37
CFO | -- | Jeffrey Sites, 42
COO,
Sec., Exec. VP, Director | 268K | Gene Hensley, 47
Exec.
VP | 236K | Alan Schriber, 48
Exec.
VP | 234K | | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/t/twri.gif)