PARK CITY, Utah ??” American Skiing Company (OTC Bulletin Board: AESK – News) announced today that it has named Dana Bullen as President and Managing Director of the Sunday River resort in Newry, Maine. Mr. Bullen has served as General Manager of the resort since September 2004 and brings to the position more than 20 years of ski industry and resort management experience.

“Dana has made a tremendous contribution to Sunday River resort and its community; I am confident our guests and employees will continue to benefit from his leadership for years to come,” said John Diller, President and Managing Director of Sugarloaf/USA. Diller served as President and Managing Director for both Sunday River and Sugarloaf/USA prior to Bullen’s promotion, and will continue to serve in that role at Sugarloaf/USA.

Prior to his appointment to General Manager of Sunday River, Bullen served as Vice President of Partnership Marketing of American Skiing Company, overseeing corporate partnership programs for the company’s network of resorts. A native of Farmington, Maine, Bullen worked his way up the ski business, holding various positions at Sugarloaf/USA resort prior to his employment at the parent company of both Sunday River and Sugarloaf/USA.

“Dana and John have made tremendous strides in growing and energizing Sunday River and the surrounding community,” commented President and CEO B.J. Fair. “With the addition of the Sunday River Golf Club, surrounding development and significant base area upgrades, Sunday River requires the undivided attention of one Managing Director. Dana’s experience and vision for the exciting future of the resort make him ideally suited to the position,” added Fair.

Bullen’s expanded role as President and Managing Director will commence immediately. He will report to President and CEO B.J. Fair.

About American Skiing Company

Headquartered in Park City, Utah, American Skiing Company is one of the largest operators of alpine ski, snowboard and golf resorts in the United States. Its resorts include Killington, Pico and Mount Snow in Vermont; Sunday River and Sugarloaf/USA in Maine; Attitash in New Hampshire; Steamboat in Colorado; and The Canyons in Utah. More information is available on the Company’s web site, www.peaks.com.