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SAM Magazine--Ludlow, Vt., Jan. 8, 2004--Tim and Diane Mueller, owners of Triple Peaks, LLC have entered into a Definitive Purchase and Sale Agreement to buy Crested Butte Ski Resort from the Callaway and Walton families, owners of Crested Butte Mountain Ski Resort, LLC and it subsidiaries.

The Muellers signed a Letter of Intent for the purchase of Crested Butte Ski Resort on Oct. 28, 2003, and expect the completion of the sale to take place in early February of 2004.

"We recognize the potential that exists with Crested Butte and are committed to placing guest service and the overall quality of the recreational experience as our top priority," said Tim Mueller. "Our vision for the future is to build upon the attributes of the mountain and community to reinforce its reputation for excellence."

"We're excited to move one important step closer to the sale," said John Norton, president and CEO of Crested Butte Ski Resort. "Everyone here looks forward to the plans, energy and capital the Muellers will bring to Crested Butte." \