SAM Magazine (SnowHunter) - October 6 --The world's largest ski resort operating company, Compagnie des Alpes, which manages 17 leading resorts in the Alps, decided it needed to publish a statement underlying its financial stability after Fortis, an international provider of banking and insurance services, published a report on the debt situation of several French companies.

The statement is:

"Compagnie des Alpes wishes to emphasize that its financial situation is sound and especially that it is respecting all of its financial covenants. The capital intensity and sustainability of the Group's operations are sufficient to warrant long-term debt financing. It has therefore sought long-term maturity dates, chiefly in 2011. Moreover, the lines of credit that Compagnie des Alpes has at its disposal easily surpass its foreseeable needs for financing."

Compagnie Des Alpes will publish sales figures for fiscal year 2007/2008 on October 30.