BLAKESLEE, Pennsylvania ??” Peak Resorts and Blue Ridge Real Estate Company and Big Boulder Corporation have entered into a long-term agreement to operate the Jack Frost Mountain and Big Boulder Ski Areas near Blakeslee, Pennsylvania.

Peak Resorts, headquartered in St. Louis, Missouri, will take over the operation of the two areas during the upcoming 2005-2006 season. With the addition of these two areas, Peak Resorts will now operate nine (9) ski facilities throughout the United States. Dave Grenier, an Executive Vice President of Peak Resorts, along with his wife Linda, will oversee the operations at both resorts.

Jack Frost, founded in 1972, and Big Boulder, operating since 1947, have been part of the winter activity scene that takes place every year in the beautiful Pocono Mountains of Pennsylvania.

Though the excellence of these two areas has long been established, Peak Resorts intends to take it up a notch by investing primarily in snowmaking and snow grooming but will also upgrade buildings, grounds and lifts, where needed.

Peak Resorts, long known for its commitment to snowmaking and snow grooming, will embark on a three (3) year, $5 million investment to upgrade the snowmaking systems at both areas. It is the short-term goal to supplement both areas with the addition of fan technology in conjunction with their present air/water system.

Upgrading has already begun at Big Boulder with the addition of two vertical turbine pumps that will increase the operating pressures throughout the snowmaking system. Twenty (20) tower Polecats with on-board air compressors will also be added to Big Boulder’s present snowmaking arsenal. With the added pressure from the pump house, plus the additional firepower on the slopes, the snowmaking capabilities at Big Boulder will make a noticeable difference this season.