VERNON, NJ (October 11, 2004) - After the success of last year's event,
Mountain Creek has announced that it will again host the Chevrolet U.S.
Snowboard Grand Prix for the 2005 and 2006 seasons.

With its close proximity to New York City and creative staging of the
halfpipe finals under the lights, Mountain Creek is expected to draw even
larger crowds than last year and has quickly become a top snowboarding venue
boasting a world-class superpipe and terrain parks. To add to the
excitement, the U.S. Ski and Snowboard Association (USSA) will announce the
2006 Olympic snowboard team from Mountain Creek during the 2006 Grand Prix
final.

"Mountain Creek is thrilled to host the Chevrolet U.S. Snowboard Grand Prix
again this year, and we're even more excited about 2006 when the Olympic
Snowboard team will be named from right here on our slopes in Vernon, NJ,
said Shannon McSweeney, Mountain Creek's Communications Manager. "We're
looking forward to another world-class competition, featuring all the top
riders and helping to expose professional snowboarding to an even wider
audience in advance of the 2006 winter games."

In addition, Breckenridge, CO and Mt. Bachelor, OR have also signed on to
host the other two stops of this three part series through 2006. These
sites boast long-standing relationships with USSA and the Grand Prix, now in
its ninth season, is considered the premier snowboard competition in the
United States, providing American riders a clear path to qualifying for the
Olympics.

"These venues in particular are quality, proven sites where we know our
riders will feel comfortable in their quest to qualify for the Olympic
team," said Annette Royle, USSA vice president of events. "We're excited
that USSA will be able to offer them the continuity of this schedule heading
into the Olympic season."

The 2005 season once again will offer one of the largest overall purses for
a snowboarding series - $300,000 - along with the best broadcast package for
the sport on NBC, America's Olympic network, as well as rebroadcasts and
special presentations of exhibition events presented by the Outdoor Life
Network.

Royle noted that it was a goal to secure venues in three distinct regions in
order to capitalize on the industry and fans unique to all areas of the
country. The series' sites provide riders nationwide access to Olympic
qualifying events, which are "open" competitions. "With its proximity to
New York City, we believe Mountain Creek provides us an untapped market in
the East. We hope to grow our spectator numbers as well as the exposure
opportunities that are only available in the region."

The series kicks off in Breckenridge, which returns to the Grand Prix
circuit after hosting a series' stop in 2003 and then moves on to Mt.
Bachelor, marking the fourth consecutive year hosting Grand Prix and World
Cup events, and finally concludes at Mountain Creek in February.
"Having these two-year agreements confirms the value of USSA's snowboard
event properties," continued Royle. "Multi-year agreements make good
business sense for both USSA and the venue, allowing each party to leverage
the maximum out of the partnership."

The 2004-2005 Chevrolet U.S. Snowboard Grand Prix schedule (TV dates and
times included):

Dec. 18-20, 2004, Breckenridge Ski Resort: Saturday, Dec. 18 - halfpipe
qualifications and evening exhibition; Sunday, Dec. 19 - halfpipe finals;
Monday, Dec. 20 - parallel giant slalom (NBC - Dec. 26, 2004, 3 p.m. ET; OLN
airdates TBA)

Jan. 7-9, 2005, Mt. Bachelor Resort: Friday, Jan. 7 - halfpipe
qualifications; Saturday, Jan. 8 - halfpipe finals and big air exhibition;
Sunday, Jan. 9 - snowboardcross (NBC - Jan. 16, 2005, 5 p.m. ET; OLN
airdates TBA)

Feb. 4-5, 2005, Mountain Creek Resort: Friday, Feb. 4 - halfpipe
qualifications; Saturday, Feb. 5 - halfpipe finals under the lights;
exhibition TBA (NBC - Feb. 20, 2005, 2 p.m. ET; OLN airdates TBA)

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ABOUT MOUNTAIN CREEK
Located just 47 miles from New York City and owned by Intrawest, Mountain
Creek boasts state of the art snowmaking with skiing and riding on 46 trails
over four peaks accessible by recently upgraded lifts. A vertical of more
than 1,040 feet combined with a huge network of terrain parks, the region's
only Superpipe and world-class lodging facilities have quickly made Mountain
Creek the premier winter resort in the region. A true four-season
destination, Mountain Creek features summer family fun at Mountain Creek
Waterpark and Diablo Freeride downhill mountain biking park, as well as a
residential and lodging community, Black Creek Sanctuary. Construction is
underway on The Appalachian, the first phase of the mountain village
development incorporating lodging, retail, meeting and conference space.