HEDONISM II IN NEGOTIATIONS WITH INTERNATIONAL INVESTOR GROUP

Company to be owned by Harry Williams, Jon Gross, John Issa Family and Kevin Levee

NEGRIL, JAMAICA November 7, 2012 – SuperClubs Chairman, John Issa, announced today that he is in negotiations to sell Hedonism II to Marshmallow Ltd a new company headed by majority stockholder Harry Williams and including Jon Gross, the John Issa Family and Kevin Levee.

The group has said that upon conclusion of a deal, there will be a smooth transition of ownership with no interruption to service. All reservations and tour operator contracts will be honoured and the property will not be rebranded and will continue to deliver and enhance the Hedonism Holiday.

Harry Williams expressed his excitement, 

“Hedonism II is John Issa’s legacy, the concept, formation and operation has so much of him in it. It has been a long-term goal of mine to own the resort and to invest the funds needed to enhance its facilities to even higher standards. We are proud that he has chosen to consider us to continue to innovate, modernize and maintain Hedonism II as the leading resort in our industry.”

“This ownership group is ideal and should calm any fears that Hedonists have had about their beloved resort falling into hands that have no understanding or experience in this market,” said Jon Gross, CEO of Marshmallow Ltd.

John Issa added, “Hedonism II is the ultimate gem in its market, not only is the location on the seven-mile Beach in Negril ideal but it is the storied resort that all its competitors attempt to live up to. It is an important part of my contribution to tourism and I am happy to be in discussions for it to be preserved for many years to come by people that hold it as dear to their hearts as I do.”

Kevin Levee, a 28-year employee of SuperClubs and the current General Manager of the resort added, “our first goal is to bring the operation of the resort back to 100% and to this end we are immediately investing in many of the facilities”.

Marshmallow Ltd has a US$10 million renovation plan including room renovations, which will begin immediately on completion.