Mountain Madness Completes New Ownership

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Donates $10,000 to Room To Read as a Tribute to Christine Boskoff

SEATTLE, Feb. 6, 2008 – Mountain Madness Inc. today announced new ownership of the adventure guide company following the untimely death of its previous owner Christine Boskoff in 2006. As a final tribute to Boskoff, the company is also donating $10,000 to Room to Read, a non-profit organization devoted to improving children’s literacy in developing countries where Boskoff was a board member.

Mark Gunlogson, the company’s current president is the new majority owner, and minority owners include Mountain Madness board member David C. Jones. Gunlogson has been with Mountain Madness since 1993 and guided expeditions across the globe before he began managing the company’s business operations in 2000.

“Emotionally it was a difficult year with the loss of Chris and the long awaited closure to her search and recovery effort,” said Gunlogson. “We now look forward to continuing the vision that both Scott Fischer and Chris had for the company – to become the world’s leading mountain guide company and to share the excitement and beauty of the mountains with others. The company continues to grow and remain on the cutting edge of the guiding industry.” Fischer, a world-class high-altitude mountain climber who was highlighted in the best seller “Into Thin Air”, was the founder of the company.

Mountain Madness will donate $10,000 on behalf of Boskoff to Room to Read, which is currently constructing a school in Nepal in her honor. The donation will be used for the Room to Grow scholarship program for girls. Boskoff was a former board member of the non-profit organization that helps establish schools, libraries and other educational infrastructures in developing countries. “Chris personified our mission to help provide children in developing countries around the world with access to a good education,” said John Wood founder and chief executive officer of Room to Read. “Chris was full of passion and love of the people and cultures she encountered on her many climbing expeditions, especially in Nepal. She also believed that education was one of the best ways to break the cycle of poverty. Through her contributions and that of Mountain Madness her spirit will continue to live on.”

Boskoff and her climbing partner Charlie Fowler, both accomplished high-altitude mountain climbers, perished in an avalanche in November 2006 while climbing in the Sichuan Province of China. Fowler’s body was recovered a month later; Boskoff was recovered in September 2007 by a team of Chinese and Tibetan climbers, along with Gunlogson.

"Mountain Madness is moving forward under the capable leadership of Mark Gunlogson and the Mountain Madness team," said David C. Jones, chair of Mountain Madness board of directors. "The company remains committed to the mountain spirit that was exemplified by both Chris Boskoff and Scott Fisher by providing all of our clients the highest quality mountain experience possible. We are pleased to report that 2007 was another banner year, and we are excited about the future."

About Mountain Madness: Founded in 1984, Mountain Madness is a mountain adventure guide travel service and mountaineering school based in Seattle, Washington. The company provides guided expeditions and treks in Africa, Antarctica, Asia, Europe, North America, South America and Oceania, as well as courses in mountaineering, rock climbing, avalanche safety, and skiing. For more information visit www.mountainmadness.com