ILX Resorts to consider alternatives after third parties show interest

By Lisa Kerner

Charlotte, N.C., Aug. 2 - ILX Resorts Inc. retained Silver Portal Capital, LLC to assist its board of directors in assessing strategic alternatives for the company.

The move follows the receipt of two unsolicited "expressions of interest" from third parties, according to a company news release.

ILX said it will not comment further until it enters into a definitive agreement. There can be no assurance that a formal proposal or offer will be presented or approved.

Phoenix-based ILX acquires, develops and operates timeshare resorts primarily in the western United States.

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