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Original Message:

Ka'anapali Beach Owners Check Here (by Bill B.):

We wanted to draw your attention to a website dedicated to the owners at the Ka'anapali Beach Vacation Resort. The website was created to provide a means to communicate with all owners of our resort. Our goal is to become a vital communication link between Sunterra Corporation (the Developer) and the resort owners – the folks that pay all of the bills.

For the past several years we have been on a campaign to develop more owner input to the board of our resort. We had concerns regarding the business side of our resort and an apparent lack of owner input in the decision making process. A very real problem can exist when owners do not take an active role in the management of the property, but abdicate that power back to the developer and their employees. There is an obvious conflict of interest, in decisions like manager compensation, acceptable sales and reservation practices, usage of resort facilities, and more.

What we have been lacking is a reasonable amount of communication between the Developer, the board and the owners. We must get involved. We must develop more owner input. Our goal should be to work closely with the developer in doing all that we can to maintain the appeal of our resort and to protect our investments.

We were able to get another owner elected to the board of directors last year. Our annual meeting is coming up on March 9th and we hope to continue our progress in getting more owner representation.

Please go to www.kaanapalibeachresortowners.com/dnn and log in. It will take a few minutes to return an email with an authentication code you can use the first time you log on.

Please check in frequently to keep abreast of what is going on at our resort. When very important information is added, we will send an email to all registered owners alerting them to the update.

Again, welcome.

Bill Burns Owner Board Member