Christopher Astrom, the company's sole director and controlling stockholder, is guiding the firm as acting president. Braulio Gutierrez is president of locally based Encore Builders Inc., a wholly owned subsidiary and the sole asset of Vacation Ownership Marketing.

In a prepared statement, Astrom says Vacation Ownership will be exchanging its stock in Encore Builders for Braulio Gutierrez's stock in Vacation Ownership.<p.The company's financials for the fourth fiscal quarter ended Nov. 30, 2001 place the total value of its assets at $872,000.

The company is traded on the Over-the-Counter Bulletin Board. The firm's last-disclosed financials show it lost $32,013 before interest and taxes. Total revenue was $594,259.

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