Friday, July 14, 2006

Steamboat Ski area is officially for sale!

I got this just a few minutes after the document was saved on Chris Diamond's computer (checked the properties of the file as part of my verification). He is the President of the Steamboat Ski Area. I have verified it is the real thing and leanred that Bear Sterns will be representing ASC. Reviewing strategic options in this context is a clear statement the ski area is for sale.

This is a long way from a deal but having a capable ski area owner that is interested in investing in the mountain will go a long way. More to follow...

American Skiing Company Reviewing Strategic Options For Steamboat Ski Resort

PARK CITY, UT– Park City, Utah - American Skiing Company (OTCBB, AESK), one of the largest operators of alpine ski, snowboard and golf resorts in the United States, today announced that its Board of Directors has retained investment advisors to initiate a strategic review of business options for the Steamboat Ski and Resort Corporation in Colorado, including the potential sale of the resort.

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