TROON GOLF NAMES JIM STEGALL VICE PRESIDENT, OPERATIONS

Posted on June 12, 2003

Promotion Reflects Continuing Growth of the Company

Scottsdale, Ariz. - In its on-going commitment to assemble the best people to serve its clients and partners, and provide first-class experiences worldwide, Troon Golf®, the world's leading golf management, development, and marketing company, is pleased to announce the corporate promotion of golf management veteran Jim Stegall to Vice President, Operations.

"The continuing growth of Troon Golf allows new employment opportunities and career advancement for our associates," stated Troon Golf President and Chief Operating Officer, Hud Hinton. "Jim has clearly demonstrated his experience and capability as a leader in our industry, and certainly possesses the professional qualities necessary to help carry this company into the future."

On board with Troon Golf since 2001, Stegall moves from The Revere Golf Club in Las Vegas, Nevada where he served as General Manager and Area Managing Director for Troon Golf properties in the western region. In his new position at the corporate offices in Scottsdale, Arizona, Stegall will oversee operations for a number of existing Troon Golf facilities, and be involved in the company's future developments.

"I am honored for this new opportunity with this tremendous team," stated Stegall. "I look forward to the move to Scottsdale and expanding my role in contributing to Troon Golf's continued success."

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 140 clubs located in 26 states and 11 countries. Additionally, 28 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Westin Turnberry Resort, Ayrshire, Scotland; Whirlwind Golf Club, Gila River (Phoenix), Ariz.; Carmel Valley Ranch, Carmel, Calif.; Maderas Golf Club, San Diego, Calif.; D'Andrea Golf Club, Reno, Nev.; Stonequarry Golf Club, New South Wales, Australia; and One & Only Palmilla, Los Cabos, Mexico.Scottsdale, Ariz. - In its on-going commitment to assemble the best people to serve its clients and partners, and provide first-class experiences worldwide, Troon Golf®, the world's leading golf management, development, and marketing company, is pleased to announce the corporate promotion of golf management veteran Jim Stegall to Vice President, Operations.

"The continuing growth of Troon Golf allows new employment opportunities and career advancement for our associates," stated Troon Golf President and Chief Operating Officer, Hud Hinton. "Jim has clearly demonstrated his experience and capability as a leader in our industry, and certainly possesses the professional qualities necessary to help carry this company into the future."

On board with Troon Golf since 2001, Stegall moves from The Revere Golf Club in Las Vegas, Nevada where he served as General Manager and Area Managing Director for Troon Golf properties in the western region. In his new position at the corporate offices in Scottsdale, Arizona, Stegall will oversee operations for a number of existing Troon Golf facilities, and be involved in the company's future developments.

"I am honored for this new opportunity with this tremendous team," stated Stegall. "I look forward to the move to Scottsdale and expanding my role in contributing to Troon Golf's continued success."

Headquartered in Scottsdale, Arizona, Troon Golf manages operations at more than 140 clubs located in 26 states and 11 countries. Additionally, 28 Troon Golf facilities enjoy a Top 100 ranking by national or international publications. Troon Golf properties include The Westin Turnberry Resort, Ayrshire, Scotland; Whirlwind Golf Club, Gila River (Phoenix), Ariz.; Carmel Valley Ranch, Carmel, Calif.; Maderas Golf Club, San Diego, Calif.; D'Andrea Golf Club, Reno, Nev.; Stonequarry Golf Club, New South Wales, Australia; and One & Only Palmilla, Los Cabos, Mexico.
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