iRV, Inc. Announces Record Date for Spin-Off of Real Asset Management, Ltd.

    BOULDER, Colo.--June 21, 2002--iRV, Inc. (OTCBB:IRVV) announced today that it has formed a new subsidiary, Real Asset Management, Ltd., for the purpose of spinning off to its shareholders, pro rata, all of its interest in Real Asset Management, Ltd. and that subsidiary's associated operations.
    Real Asset Management, Ltd. is a majority-owned subsidiary of iRV, Inc. All of the shares of Real Asset Management, Ltd., owned by iRV, Inc., will be spun off to iRV, Inc. shareholders, pro rata, in the nature of a stock dividend distribution. The shareholders of iRV, Inc. will receive one share of Real Asset Management, Ltd. for each ten shares of iRV, Inc. owned as of the record date.
    iRV, Inc. has established the close of business on June 25, 2002, as the record date for the spin-off. Only shareholders of record of iRV, Inc. on the record date will be entitled to participate in the stock dividend distributions.
    iRV, Inc. will cause Real Asset Management, Ltd. to prepare and file a Registration Statement with the Securities and Exchange Commission registering the spin-off distribution of the shares of Real Asset Management, Ltd. to the shareholders of iRV, Inc., pro rata. The spin-off will not occur until that Registration Statement has been declared effective by the Securities and Exchange Commission, which iRV, Inc. estimates should occur by the end of this calendar year. Nevertheless, only shareholders of the record of iRV, Inc. on the record date of June 25, 2002, will be entitled to participate in the distributioon. Following the record date, iRV, Inc. shares will trade "ex-dividend."