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Show THE PARK RECORD www.parkrecord.com i SATURDAY, MAY 1 3, 2000 Briefs MuCca reccjpized by Association of Utah Trte Financial Planning Association (FPA) of Utah recently recognized Bill Mullen for his contribution to the formation for-mation of the Utah Chapter and tor his work with Its predecessor the Institute of Certified Financial Planners (ICFP).' The FPA is the largest professional organization for the financial planning .community, ft came into existence on Jan. 1 of this year as-a result of the merger of the ICFP and the International Association for Financial Planning (IAFP). Mullen is presently chairman of the Utah Chapter of the FPA and was the president of the Utah Society of the ICFP in 1999. He is a Certified Financial Planner practitioner, holds an M3A from Virginia Tech, and writes a monthly column for 77m Park Record. He is the owner of Muitennium Finance and Hves with hi wife Carole in Hidden Cove. Golden Sky Systems sold to reuses Pegasus Communication Corporation acquired Golden Sky systems earlier this month. The acquisition makes Pegasus the source for DirecTV in Summit County. , Reaching about 72 million rural households, Pegasus is the only Direct , Broadcast System provider focused exclusively on rural Areas of the U.S. The company said that Golden Sky Systems subscribers wi continue contin-ue to provide the same level of service ser-vice while streamlining corporate functions and operations. For more information, caii Pegasus tolMree at (S88) 306343. Womens Business Day set for May 16 The 50 women who have defined power in the Utah business community communi-ty - according to Utah Business magazine mag-azine - wiB be honored at a May 16 luncheon at the Little America Hotel in Salt Lake City. The event begins at 11:30 a.m., and is co-sponsored by Zions Bank Women's Financial Group. Luncheon speaker wM be Leigh von der Each, cVector of the Utah Film Commission for the past IS year. - Cost to attend i $40 per person or $1,000 for - a table sponsorship. Proceeds wiB benefit the Salt Lake Chapter of the National Association of Women Business Owners. For more information, call the Salt Lake Otamber at (801) 323-5051. sat.-!- Moving 6Tmi!raiiis to bscoma Olympic venua Deer Valley plans are eight years in the making by Bruce Lewi OF 1C RECORD STAFF "We started locking at whether we could be a Winter Olympics venue about 1992, asking ourselves what it would entail and if we had the geographic setup needed to do it," said Bob Wheaton, Deer Valley s president and general manager. Eight years later and just 21 months short of the Winter Games. Wheaton says that the planning process is still akin to hitting hit-ting a moving target Or more accurately, a whole bunch of moving targets. The resort which has traditionally capped lift ticket sales at about 5.000 a day is planning fur four times that number of spectators in the natural bowl above its Snow Park Lodge, plus another 2,000 or so athletes, support crew members, media and volunteers in the immediate area. Normal vehicular traffic patterns will be disrupted and Deer Valley's facilities will be stretched to the point that temporary accommodations will need to be made. All this while continuing to provide skiing ski-ing for the general public. "Our biggest focus is oo not impinging on our normal skier flow," Wheaton explained. Because of the configuration of the slopes in the resorts lower reaches, a way must be found to keep spectators and Deer Valley skiers separated for security reasons, yet allow each group the freest possible flow. "We need to have a way to get skiers from the top of the Jordanelle Gondola down to Snow Park Lodge and up into the rest of the resort. That means we need to keep a way open down Little Stick." he explained. If those skiers are taking advantage of available parking at the ResortQuest reports finandals Revenues rise, net income falls in quarter ResortQuest International. Inc.. parent par-ent company of Park City-based Resort Property Management, hit consensus analyst expectations, according to the company, despite record snow drought conditions at many of its properties. ' ' Revenues rose while net income fell slightly. Earnings before interest, taxes, depreciation and amortization (EBITDA) (EBIT-DA) were $8.5 million in the first quarter, quar-ter, compared to $7.8 million in 1999. a 10-percent increase. Revenues for the quarter rose 21.8 percent to $38.5 million, compared to $31.7 million in the first quarter of 1999. Net income for the first quarter was $2.9 million, down slightly from $3.0 million in the 1999 first quarter, primarily due to weather-related issues and additional anticipated costs related to certain 1999 summer resort acquisitions whose primary pri-mary earnings occur during the second and third quarters. For that reason, net income per diluted share was $0.15 compared com-pared to $0.17 in 1999. EBITDA per diluted share was $0.45 versus $0.44 in the prior year s first quar Stock Performance Nahc mi sm Name srii 5os Name sii vos Name sii vos Name sii sos ALPNET 275 2.81 DAWTCCH 1.38 1.31 FHNKCOVEY 750 343 MERKTMED 4 00 4 37 UTDPKMIN 24 31 24 00 AMERSKI 1.88 1.93 DELTAAJR 57.06 56.81 GENVSTL .50 .43 MITYUTE 15 25 15 75 UTAHMEO 725 700 ALBERTSON 34.00 32.50 DIGICOUR 506 6.62 GENTNER 1500 1600 NATRSUN 8 44 8 68 WrEOERNUT 3 69 393 ANESTACP 15.38 17.87 DYNATEC - 1.56 150 RJNK 7.19 7.78 NOVELL 10 50 1056 ZK3UBKCP 4155 4187 KIMBERLYClX 61.56 58.62 DYNATRON .72 .81 aVOAUTS 2.75 2 68 NUSKW 7 44 7 62 mmmmmmmmmmm BAXTER 67.81 6400 EF1ELEC 1.38 1.40 IOMEO 4.75 5.37 NUTRACEUT 344 350 "v -.aIT BIMUN5 NEW .88 1.00 EQOTTYOL 188 181 XDMEGACP 3.44 3.62 QUE STAR 1925 1900 uuw 45SAC3 CROWNENG .34 .37 EVANSSUT 1119 11.00 JPftEALTY 17.94 17.93 SOSSTAFF 338 337 COROANT 56.75 56.81 FXENER 163 6 87 KROGER 2063 1955 SS40NTRK 5 50 537 39CSUS 1SJ4SJ7 1UOC1 COVOLTEC 1.81 1.90 FIRSECCP 14.69 1455 SENSARCORP 2025 24 50 SKYWEST 42 38 40 06 TAK MU8 MUX CYCL03PS .47 .55 FLEXSENSOR 1.63 202 MARKERIN .18 50 SOWSTAiR 2200 2243 UUTJ 13X3 CXZZ This Utah stock EoSfflKSSS. Jordanelle gateway, they also need a way to return. That means another crossing, upslope of the starting areas for the moguls and slalom athletes. One schematic schemat-ic being looked at calls for fencing to separate sep-arate spectators walking uphill to the viewing areas from skiers coming downhill down-hill Making the challenge even more complex, com-plex, Wheaton explained, is a proposal for three access tickets to be issued during the competition. "We are talking with SLOC (the Salt Lake Organizing Committee for the 2002 Winter Olympic Games) about a proposal to issue three different kinds of tickets. One would be a skiing-only. normal Deer Valley lift ticket One would be a competition-venue -only spectators ticket, and the third would be a combination ticket that would allow both skiing at Deer Valley and access to the spectator areas." he said "We found when putting on the World Cup and Super Series events that people have enjoyed the opportunity to get a little skiing in. then ski in to the venue area and watch the competition. It has worked very well for us and I think it will work here," Wheaton said. Sorting out the various ticket-holders and allowing proper access will be a challenge for security, he added. One of the larger problems facing Deer Valley is the loss of use of the six targe parking lots below the Snow Park Lodge. The lots - which hold upwards of 2.000 autos - are currently the primary public parking for Deer Valley skiers and many resort employees. When the Olympics arrive, the lots will be filled with trailers for support crew, parking for volunteers and staging for shuttle buses bringing in spectators. Parking ct mid-mountain Silver Lake is already limited, leaving the area at the bottom of the Deer Crest area off U.S. 40 near the base of the Jordanelle Gondola to take up some of the slack. Wheaton is hoping to reach out to Deer ter. "Results for the quarter were in line with analysts' estimates despite the worst snow drought in recent memory and a general slowdown in January leisure travel due to millennium-related issues, including air travel reluctance, which together had a severe impact on our Mountain resorts," said David Levine. president and chief executive officer. "As the snow drought continued J into January, we responded by agjtres sively marketing the latter portion of the ski season and reducing our operating costs where feasible. The result of our efforts was only a modest decline in same-store results at our Colorado properties, prop-erties, which was offset by very positive results at our Hawaii, desert and certain beach resorts during the quarter. As a result of our action in the Mountain region and the benefits of our geographic geograph-ic dispersion, our earnings recovered nicely. We were especially pleased with our ability to achieve solid EBITDA growth in light of these weather- and millennium-related issues." "In the 2000 first quarter, we experienced experi-enced a 29.3 percent increase in depreciation depreci-ation and goodwill amortization expense that was primarily the result of our 1999 acquisitions." Levine said. Data for report is provided by Derreli Reives o You can takes 90-minute group fat beginners absolutely FREE! Ktdi and aJula agree Ci fun, ii easy to learn and its a great way to rLj ii i meet new friends. JrrtpWifr?toJtT! CI CITY laCU37 CLU3 1200 Uttle Kats Rcad CALL COCt C3 Tucsaw, May 16. 6.D0 70 fcu. Twjrsoay, May 18, 60 TO ftt Caturoay, May 20, fcCO -10:30 Ail ci tr.tO 120 Noom AINnpareiMieoahs1nM8cMtBtaTUOcla io4atmaiaWamayi7.iam.HCrCkai , Y:- ' Jz-' ---."- it' " ----- . ' if' ' i . . - -Vj . A BUCE LEWIS PfK RCOftO Deer Valley President and General Manager Bob Wheaton. In the background back-ground are the three runs which will be used during the 2002 Winter Olympic Games. The resort will put finishing touches on the runs this summer. Valley skiing guests, encouraging them to take the bus. "For people staying in the Main Street core area, the buses will be the most convenient con-venient option. People staying a little further fur-ther out from that core will need to think about the bus as an option," he said. "We want to encourage them to think twice before getting in their rental car to unve up here as they would do during any other winter. The challenge will be getting people peo-ple to leave their can. It will be dramatically dramati-cally more convenient to use the bus and leave the car." Lightening the overall load some hat, Wheaton said, is the expectation that the demand for public skiing w ill drop before. Nichtly Lodcins Tally ProfectedTalh for the Total Visitor Nights: 17,344. Weekly High: 3,070 (Sat) , X.47t" Year To Date: I.072.H I Nightly Lodging Tally Estimates . Occupancy At I4X Cowtfuiv4 fay iddnf Ac profKtttf nunfetr of wt aoriparnicfar t An - SDR iron m mta tut ! nt, SOURCE; HUM cm CHAHeoraUREAU 32 companies of interest to Utah Paulson Investment Ox, Park Qty. PUniung (ot fiiuacui neeni dotml bav 10 be 4incuk. At MmpM SumIc-Draa SumIc-Draa Ulnec vou can csublidl compRheiunc pUn to Mp fon md afl vour ctectht and a an of mcaiMimw.m aandardi to Mp ttmut ywt mv on track. Vc will you tht pmonal A ftmmlttri Mrgtn Sunlry ZW Tinrr fawW 0tii pin on Arfr I . laapronc fmm caak Bow a4 Vkt aaMapMKM Start a aiaji pagfmai tat ywat rhiaVwii aiaVt aAamioi Eww a naaarialy tamltnMt mill in PVoaact yawulf mtfi yaw ataaiy nk Iwa imri wranfw Ptouct imi iimxikmm ym cMaae au m yem wdb If you'4 Uue to tmpravt four ckancca of tcaluang al youc iiiunctal txxk the leant a&oul (he Moifan Stanley IVan Tmet fiAanaal plan. Stan pltnntnft tW your finanaal tucem today. Cal Motyin Stanley Dean VTitm Ftrundal Athisoc John jakks Associate Vice rresidVnt Financial Advisor MORGAN STANLEY DEAN WITTER B-7 BUSINESS EDITOR: Bruce Lewis 649-9014 ext i I J riiiiiiirrHfr ---jiiiiii8h iwrtawt liriHM1-- " nr nrr-wiMr ' i. dunng and following the Olympics: "Realistically and logistically. we expect a drop in skier days." Also in the cards is a shift in demands placed on the resorts staff members, he said. That will dnve a change in staffing for 2002. "There are some sen ices that are relatively rela-tively fixed, no matter how many skiers are on our slopes - lift operators, for example: you still need one at the bottom aud one at the top of each lift, plus relief people," Wheaton said. Deer Valleys Food and Beverage department will be stretched to the limit even though SLOC has agreed to provide Please see Planning to host B-9 wek of May 14 20,2000 fwra rmq EST e o investors, May 8 - 1 1, 2000 T36HcbcrAvc ParkGry,UT 43549-320 . - . v -.. V ' Si ssr rum ktaa SMkt Dm mmm mt I lkMtlhittCk ! vou cm rwcm ue cm ti aakaeaamisaBm .e- m tntointl Copy! eai |