Press Release: American Leisure Holdings, Inc.
August 9, 2002
SADDLEBROOK, NJ -- American Leisure Holdings, Inc. (OTCBB: AMLH), American Leisure Holdings, Inc. (AMLH), has completed
the purchase of $250,000 in telecommunications equipment for its call center operations in its South Florida administration
offices.
The new facility, which is located in Miami, will also service the south eastern United States and Latin America.
This investment will create a state-of-the-art call center and give AMLH access to the cultural diversity and abundant
labor force of the South Florida market. The purchase was funded through the issuance of 2,500 new Series "B"
Preferred stock with a liquidation value of $100 per share. These shares are convertible into AMLH common shares
at the option of the holder. AMLH also plans to inject up to $100,000 in cash into the call center to accelerate
its sales and marketing efforts.
"American Leisure Holdings represents the culmination of a vision I have had for years," said Malcolm
Wright, President of AMLH. "As we execute our corporate strategy through various acquisitions we are negotiating,
we should begin to see a positive impact on both our top and bottom lines."
The telecommunications equipment will be used to access the large membership databases of AMLH travel clubs, to
sell and market its range of travel and leisure products, and to generate new leads for the sale of vacation ownership
and new travel club memberships.
About American Leisure Holdings, Inc.
American Leisure Holdings, Inc. (OTCBB: AMLH.OB) is a marriage between cash-flow rich travel service businesses
and asset rich leisure property businesses. AMLH's strategy is to own and manage vacation hotel/resort properties
located throughout popular vacation destinations in the U.S. and Caribbean, operate vacation club and travel club
programs targeted to corporate and leisure travelers, and sell travel services and vacation ownership to its club
member bases. Born from the opportunities in today's travel and leisure industry, AMLH's unique business model
will allow the Company to maintain its leisure property assets at near full occupancy on a year-round basis.
For more information, visit www.americanleisureholdings.com.
FORWARD LOOKING STATEMENT:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The statements regarding AMLH in this release that are not historical in nature, particularly
those that utilize terminology such as "may," "will," "should," "likely,"
"expects," "anticipates," "estimates," "believes" or "plans,"
or comparable terminology, are forward-looking statements based on current expectations about future events, which
AMLH has derived from the information currently available to it. These forward-looking statements involve known
and unknown risks and uncertainties that may cause our results to be materially different from results implied
in such forward-looking statements. Important factors known to AMLH that could cause forward-looking statements
to turn out to be incorrect are identified and discussed from time to time in AMLH's filings with the Securities
and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof,
and AMLH undertakes no obligation to correct or update any forward-looking statements, whether as a result of new
information, future events or otherwise.
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Contact:
The Investor Relations Group, New York
Investor:
Tom Caden or Dian Griesel, Ph.D., 212/825-3210