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Dolce International Statement
Concerning Recapitalization
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July 18, 2005 - Dolce International announced today that the Board of Directors have decided not to accept any offers for recapitalization of the company and have ended the process for bids. Dolce will retain continuity of the management team and continue to pursue an aggressive growth strategy, seeking other venues to acquire additional capital.  Investors will most likely market some assets for sale in the near term.

About Dolce International:
Dolce International is a leader in conference center hospitality, with a collection of 21 unique properties in the United States, Canada and Europe.  Each property features a different style ranging from a historic castle, to an authentic alpine village to a New England-style country resort, to a French chateau to a traditional corporate learning center.  All Dolce conference centers meet the high standards (requirements) of the International Association of Conference Centers (IACC).  While Dolce International's core business is meetings and conferences, the company also caters to leisure travelers and offers a variety of venues for events.  Dolce International is currently the only American-based conference center operator in Europe. 

Headquartered in Montvale, New Jersey and Paris, France, the company has approximately 4,000 employees.  Dolce is celebrating its 25th Anniversary in 2005.  For more information, visit the web site at www.dolce.com. 

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Contact:

Barbara A. Rogers
Director of  Marketing & Public Relations
Dolce International
28 West Grand Avenue
Montvale, NJ 07645 
Direct: 201-505-4413
Fax:    201-307-8837
Email:barbara.rogers@dolce.com
www.dolce.com

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Also See: Lowe Enterprises Acquires Skamania Lodge in Washington State, Destination Hotels & Resorts to Manage the Property / July 2005
Dolce International Awarded the Management Contract for Lakeway Inn Conference Resort in Austin, Texas by New Owners, Behringer Harvard Funds / February 2005

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