Timeshares

Hamptons Luxury Homes (OTCBB:HLXH), a nationally recognized and award-winning luxury homebuilder of custom estate homes, today announced that it has signed an agreement with Edwin Fishel Tuccio Real Estate, Inc. for its participation in Hamptons Luxury Homes' recently-announced formal sales-referral program.

"We welcome Edwin Fishel Tuccio to the program," said Roy Dalene, president of Hamptons Luxury Homes. "We believe that his participation in this program will be mutually beneficial."

Hamptons Luxury Homes recently announced its formation of a unique sales program that enables Long Island real estate agents from firms focusing on expensive properties, to provide specific referrals of clients to Hamptons Luxury Homes and receive a fully disclosed fee on those referrals. A number of real estate firms serving the area are already very familiar with the fine quality and craftsmanship of Telemark, a wholly-owned subsidiary of Hamptons Luxury Homes.

Blair knows the capital

Lisa Blair is making a name for herself and her company in this "company town" where the biggest business is government.

She owns Meridian Community Services Group, a consulting firm whose clients are cities and counties in Florida. Specialties include housing-rehabilitation projects, disaster management and recovery, and neighborhood revitalization, particularly in low- and moderate-income areas. Key in all areas is the expertise of Meridian's staff in administrative and compliance issues, especially in the area of federal-grant programs, Blair said.

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Fund Cashes Out of Slot-Machine Maker

INTERNATIONAL GAME TECHNOLOGY may yield a smaller payoff in the near term given that hedge-fund manager Neil Barsky recently cashed out his firm's entire stake in the leading slot-machine maker. He still maintains a sizeable personal stake as an IGT director.

Barsky, the founder and managing partner of New York-based growth-oriented Alson Capital Partners, sold 2.7 million IGT shares on the open market for $107.5 million on March 5 and 6, according to the Securities and Exchange Commission. Shares were each priced from $39.76 to $39.97.

With an average cost basis of $28.17 per share, Alson earned a 41% return, or $31.4 million, by selling off its IGT stake last week.

As a director of IGT, however, Barsky still personally holds 104,000 shares with options to acquire another 48,000 shares.