COUPLES RESORTS AND CASUARINA BEACH CLUB IN NEGOTATIONS RE ALMOND CASUARINA BEACH RESORT, BARBADOS

Montego Bay January 2, 2013- Glenn Lawrence CEO Couples Resorts, and Anthony King Chairman of Casuarina Beach Club Limited, announced today that Couples Resorts and Casuarina Beach Club Limited are involved in firm negotiations concerning the 280 room Almond Casuarina Beach Resort, in Barbados. These negotiations are expected to conclude on or before January 31st, 2013 at which time a more detailed statement will be issued.

During the negotiations, the operations of Almond Casuarina Beach Resort will continue normally and all forward bookings under the Almond Casuarina Beach Resort brand will be honoured up to May 31stst, 2013. After this date, it is intended that the Resort will be re-branded, at which time the Resort will be operated under the Couples Resorts brand umbrella.

About Couples Resorts:
Couples Resorts, headquartered in Montego Bay, Jamaica, owns and operates four properties in Jamaica – Couples Tower Isle, Couples Sans Souci, Couples Swept Away and Couples Negril. Pioneered by the legendary Abe Issa, “the father of Jamaican tourism,” each Couples Resort is an unsurpassed model of the all-inclusive resorts concept, boldly designed with local inspiration to create a harmonic sense of nature and authentic Caribbean spirit. For over 35 years, Couples has delighted guests and refined the Caribbean all-inclusive resort experience by providing unparalleled service, exceptional dining experiences and exclusive added value inclusions. For further information please visit Romantic Getaways At All Inclusive Couples Resorts In Jamaica | Couples Resorts Jamaica.

About Almond Casuarina Beach Resort:
The hotel known as Almond Casuarina Beach Resort, which was for several years managed by Almond Resorts Inc, is the property of Casuarina Beach Club Ltd which is owned by Goddard Enterprises Limited, The Barbados Shipping & Trading Co. Limited and Almond Resorts Inc. (“Owners”). This announcement follows on from the decision of the Owners to divest their investment in Casuarina Beach Club.

Stay Tuned. More details will be announced by the end of next week.