CONDE NAST JOHANSENS SELECTS

GRAYSTONE INN AS A "RECOMMENDED HOTEL" FOR 2004

LONDON, July 1, 2003. Conde Nast Johansens, the internationally acclaimed publisher of hotel guides, announced today that based on its hotel inspections over the past several months, it will recommend Graystone Inn, Wilmington, NC, in its 2004 Guide to North American Hotels, Inns and Resorts.

Conde Nast Johansens publishes its Guides for discerning travelers who seek quality service and facilities. Each recommended hotel must pass a rigorous inspection annually to be included in the Guide. "The word 'Recommendation' in the title of our Guides reflects the critical contribution made each year by our team of inspectors, all of whom have a wealth of experience from which our readers can benefit" said Andrew Warren, Conde Nast Johansens Managing Director. 

Lesley O'Malley-Keyes, Conde Nast Johansens Vice President and Publisher North America, added, "We are very pleased to be recommending Graystone Inn, in our 2004 North American Guide. It is truly a reflection of its impressive hospitality."

The 2004 edition of Recommended Hotels, Inns & Resorts North America, Bermuda, Caribbean, Pacific and Mexico, which will appear in bookstores this fall, will include over 250 hotel Recommendations, ranging from quiet rural retreats to spectacular resorts. Each hotel Recommendation is privately owned and is selected for its individual charm, character and superior standards. The Guide will devote a full page to each hotel Recommendation, complete with full-color photographs and detailed information as to its facilities and tariffs. 

Consumers can purchase Conde Nast Johansens Guides at leading bookstores, through our exclusive website www.johansens.com or by calling Conde Nast Johansens at 1-800-564-7518. Conde Nast Johansens promotes its Guides with an extensive media advertising program in such publications as The New Yorker, Conde Nast Traveler, Gourmet, The New York Times Magazine and Sophisticated Traveler, Architectural Digest, The Atlantic Monthly and Harper's Magazine. 

Conde Nast Johansens is owned by Conde Nast Publications, a wholly owned subsidiary of Advance Publications and Conde Nast International, which publishes 72 magazines around the world, including Vogue, Conde Nast Traveler, House & Garden, Architectural Digest, The New Yorker, GQ, Tatler, Vanity Fair, Brides, Glamour and Wired.