Meridian Financial Services Completes Acquisition of Resort Management International From EMCC, Inc.

ASHEVILLE, N.C. — Meridian Financial Services, Inc., a subsidiary of Interval Leisure Group, Inc. (Nasdaq: IILG), today announced that it has acquired substantially all of the assets of Resort Management International (RMI). Operated by EMCC, Inc., Mobile, Ala.-based RMI offers collections solutions to the vacation ownership industry. Terms of the transaction were not disclosed.

"This acquisition provides us with opportunities to expand Meridian’s customer base domestically and internationally," said Greg Sheperd, president of Meridian Financial Services. "We look forward to working with members of RMI’s seasoned team, to leverage our infrastructure, create operating synergies, and grow our financial services business."

About Meridian Financial Services
Meridian Financial Services, Inc. is a third-party collection agency that has provided industry-related services for more than 20 years to resort developers, property management companies, and homeowner’s associations. Meridian is headquartered in Asheville, North Carolina, and has offices in Las Vegas, Nevada, and Mobile, Alabama. The company is a subsidiary of Interval Leisure Group, a leading global provider of membership and leisure services to the vacation industry.

About EMCC, Inc.
Founded in 1978, EMCC, Inc. provides complete accounts receivable management solutions to clients throughout North and South America. In addition to its extensive debt purchasing activities, the company also provides world class loan servicing capabilities through its subsidiary Equiant Financial Services, Inc. and valuation services to a wide array of financial sponsors for in-depth reviews of accounts receivable portfolios. EMCC is headquartered in Scottsdale, Arizona, and is an affiliate of the Schottenstein Stores Corporation, one of the country’s largest retail conglomerates.