RS Group of Companies, Inc.
OTC Bulletin Board : RSGC

RS Group of Companies, Inc.

September 19, 2005 09:00 ET

RS Group of Companies, Inc.: Value Guaranteed Vacations Inc. Signs Agreement with Island One Resorts

TORONTO, ONTARIO--(CCNMatthews - Sept. 19, 2005) - RS GROUP OF COMPANIES, INC. (OTCBB:RSGC), a provider of pass-through risk, specialty insurance, reinsurance products and affinity programs, announced today that its wholly-owned subsidiary, Value Guaranteed Vacations Inc. (VGV Inc.), and Island One Resorts, a development and hospitality group, have signed an agreement to market the VGV™ Program at various Island One Resort properties.

Founded in 1981, Island One Resorts is a premier collection of themed vacation condominium accommodations that offer a complete recreational resort experience. Island One Resorts has developed and manages seven resorts throughout Florida. Reinforcing the company's stature as an innovator is the continued growth and success of Club Navigo, Island One Resorts' vacation club, which includes 24 resorts and a member rewards program, Navigo Rewards. Club Navigo offers extreme flexibility through a points system, split-week usage option and one-stop reservations. Island One Resorts has expanded dramatically since its inception to include over 60,000 owners.

Under the terms of the agreement, Island One Resorts intends to offer the VGV™ Program to all of its members in 2006. Island One Resorts' sales exceeded $50 million in 2004. The parties expect that this agreement will revolutionize the way Island One Resorts' timeshares are sold and will increase consumer confidence in its product. The offering of the VGV™ Program by Island One is subject to applicable regulatory approvals in Florida. Bert Blicher of The Resort Capital Group, Inc. represents VGV on this product and assisted VGV in negotiating this transaction.

Commenting on VGV Inc.'s expanding relationships, John Hamilton, Chairman and CEO of RS Group of Companies, Inc., said, "VGV Inc. constantly looks to build upon an already strong foundation to support its highly innovative program. This new association signals the timeshare industry's growing recognition of and appreciation for programs that are focused on providing vacationers the utmost quality for an all-encompassing customer experience."

Mr. Hamilton added, "Island One Resorts has a proven track record of success in Orlando, Florida, which is the industry's most competitive market. I believe that the combination of the resources of these two companies will produce a significant force within the global timeshare industry."

"We continually seek to align ourselves with innovative companies to further the expansion of the fastest-growing segment of the travel and tourism industry," said Deborah Linden, RRP, CEO of Island One Resorts. "We are excited to partner with VGV Inc., and I believe the uniqueness and value-added benefits that the VGV™ Program offers will be well embraced by new and existing timeshare owners."

Island One Resorts/Club Navigo

Island One Resorts is a premier collection of themed condominium accommodations that offer a complete recreational resort experience. Island One Resorts has developed and manages seven resorts in Florida: Bryan's Spanish Cove, Charter Club Resort Of Naples Bay, The Cove On Ormond Beach, Crescent Resort & Spa On South Beach, Liki Tiki Village, Orbit One Vacation Villas and Parkway International Resort. Club Navigo, Island One Resorts' vacation club, includes 24 resorts and a member rewards program, Navigo Rewards. Since 1981, the company has expanded to encompass more than 950 employees, seven resorts and over 60,000 owners. The club is also affiliated with both Interval International and RCI, the two major exchange companies in the timeshare industry. Island One Resorts Management Corporation professionally manages all the resort locations.

About Value Guaranteed Vacations Inc.

Value Guaranteed Vacations Inc.'s (VGV Inc.) affinity program, the VGV™ Program (http://www.vgvinc.com), offers, as one of its benefits, a put option which gives timeshare owners who become VGV™ Program members the right to sell their timeshare interests to VGV Inc. after 10 years of ownership for an amount equal to the original purchase price of the timeshare interest, excluding VGV™ Program membership fees and applicable taxes. This timeshare interest put option, which is not transferable, provides a ready-buyer should a timeshare owner wish to sell his or her timeshare interest. This membership program is in the process of being marketed to large timeshare developers and promoters, who will, in turn, offer the program to existing and prospective timeshare owners.

About RS Group of Companies, Inc.

RS Group of Companies, Inc. (http://www.rsgc.com) has developed and is implementing a strategy to design, structure and sell a broad series of pass-through risk, specialty insurance and reinsurance platforms throughout North America. The company is structured as a holding company for an integrated group of businesses that operates in four distinct operating segments: residential rental services, timeshare affinity program, financial guarantee, and specialty insurance brokerage. Current offerings include RentShield® (http://www.rentshield.com), a Residential Rental Services Program being offered to North America's $300 billion residential real estate rental market, and Value Guaranteed Vacations, Inc.'s timeshare affinity program, VGV™ Program (http://www.vgvinc.com).

Forward-Looking Statement

Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward Looking Statements may be identified by words including "anticipate", "await", envision", "foresee", "aim at", "believe", "intends", estimates" including without limitation, those relating to the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations.




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