A developer and marketer of high class vacation ownership resorts, ILX Resorts Incorporated, recently announced a 3rd quarter net loss of $290,000, which is almost .09 cents per share. Their recordings for 2006, was a net income of $637,000 or 0.18 cents per share in the third quarter.

Their revenue at the end of Sept 2007, at $12.1 million was also lower then their average the year before at $13.7 million.

The company addressed these bad results saying, ¨ results are in large part due to significantly reduced closing rates at our Sedona sales office in July and August. We are satisfied with the changes we have made to address the issues in this office and look forward to continuation of the positive trend in sales and contribution margins the Sedona sales office is now experiencing," said  Chairman and CEP Joe Martori. He also went on to say that they are effecting several cost reductions to help with their profit intake.