Playground, Wells Form Joint Venture

Playground Investments Inc. and Wells Fargo Home Mortgage Inc., have signed a joint venture agreement to form Playground Financial Services LLC, which will offer home financing products and services for resort real estate buyers.Playground Financial will be co-owned by Wells Fargo Home Mortgage, Des Moines, Iowa, and Playground Destination Properties Inc., the Vancouver, British Columbia-based parent company of Playground Investments (and a subsidiary of Intrawest Corp.). "Through our joint venture with Wells Fargo Home Mortgage, we will offer resort real estate purchasers a 'turnkey' buying experience that will make the purchasing and financing of a resort home uncomplicated," said Greg Ashley, president of Playground Destination Properties. The companies can be found online at http://www.playground.com and http://www.wellsfargo.com.