Williams and Nedde Acquire Full Interest In Bolton Valley

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SAM Magazine-Bolton, Vt., May 3, 2007-Larry Williams and Doug Nedde have acquired Bob Fries' remaining financial interest in Bolton Valley. Williams and Nedde are partners in Redstone, a thriving commercial real estate development firm which purchased the 3,800 acres surrounding the resort in 2004.

"In the past couple of years, we've made a lot of capital improvements to enhance the ski area experience," said Williams. "Doug and I have been wanting to take on more active roles, while at the same time, Bob had been thinking about moving on to something new in the past year or so. The timing was right and we were able to put the deal together to make it happen. We see Bolton Valley as a real Vermont gem with untapped potential."

"We have a team of committed people with great energy," says Nedde. "We increased our investment because we believe in Bolton Valley." Williams' family has long been part of the Bolton community: his father worked on the ski patrol, and a sister was an instructor for the resort. Nedde's family has also been a fixture on the slopes of Bolton for years.

Said Fries, "I knew when I met Doug and Larry that their expertise in business and development were critical assets that would benefit Bolton Valley down the road. Today, we're at that crossroads, and I am confident that I am leaving the resort in the right hands to take it to the next level."

"All of our focus, both people and structures, is directed toward ensuring and enhancing our guests' experiences at each and every level, from first touch to last," added Jeanne-Marie Gand, the resort's V.P. of marketing, sales and communications. "Clearly, we're doing something right, as our early pre-season pass sales for 2007-08 are up over 40 percent."