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GolfBC Group Announces Change of Ownership of Kauai Lagoons Golf Club

31st August, 2007
The Kauai Lagoons Golf Club, acquired by the GolfBC Group in 2003, was sold to Marriott Vacation Club International in August 2007. Marriott Vacation Club International, who has a substantial presence on Kauai, is well positioned to carry on the vision set for that development. The GolfBC Group remains strongly committed to its BC courses as well as its other Hawaiian property, the Wailea Golf Club on Maui. This sale will allow the GolfBC Group to focus its resources on their flagship properties at Wailea and other future opportunities.

GolfBC, a Vancouver-based golf and resort management and investment company, is defining a higher standard of quality and consistency among premier golf destinations. Since 1989 GolfBC has been creating premium golf destinations and master planned golf communities in British Columbia. GolfBC is the owner/operator of eight championship golf courses in British Columbia, including Nicklaus North (Whistler), Furry Creek (near Lions Bay), Gallagher’s Canyon (Kelowna), Olympic View (Victoria), The Quail and The Bear (The Okanagan Golf Club in Kelowna), Mayfair Lakes (Richmond), and Arbutus Ridge (Cobble Hill) and one 9-hole facility, The Pinnacle (at Gallagher’s Canyon) and the Gold, Emerald and Blue courses at Wailea Golf Club on Maui, Hawaii. Additional information about GolfBC can be found at its web site: www.golfbc.com

Contact:
Mr. Donald Lee
Executive Vice President, GolfBC
604-681-8700 x. 212
dlee@golfbc.com