American Leisure Holdings, Inc. Signs Option to Acquire HTS Holdings, Inc.

Press Release: American Leisure Holdings, Inc.
July 19, 2002
NEW YORK, NY -- American Leisure Holdings, Inc. (OTCBB: FWPC), American Leisure Holdings ("ALH") has secured an option to acquire a controlling interest in HTS Holdings, Inc. ("HTS").

HTS is the parent to Hickory Travel Systems, Inc., HTS International, Custom Travel Systems, Hickory Incentives, Hickory International Rates and Tariffs, Select Vacations, Select Cruise Vacations, and World Key. Founded in 1976 as an international buying consortium, HTS now has more than 160 member travel agencies, representing approximately 3,000 locations worldwide with over $17 billion in travel buying volume (i.e. airline ticketing, car rentals, cruises and hotel/resorts, etc.). Agency owners join Hickory to take advantage of its 24-hour reservation services, international rate desk, discount hotel programs, preferred supplier discounts/commission enhancement programs, marketing services, training, consultation, professional services, automation and an information exchange with other members. This gives member agencies the economies of scale required to remain economically viable in today's multi-faceted travel environment.

"American Leisure Holdings represents the culmination of a vision I have had for years," said Malcolm Wright, President of ALH. "I was extremely fortunate to have met Bill Chiles nearly a year ago. The inclusion of his company into the ALH family of companies will be extremely beneficial for all of our shareholders."

ALH believes that this proposed acquisition will give it the following additional business opportunities:

• Allow ALH to have access to Hickory's member base to sell its leisure and travel products to, thus improving the profitability of Hickory's members and getting ALH's product base in front of millions of families worldwide.
• Allow ALH to sell its hotel/resort inventory to a substantial user base via Hickory's Intranet and desktop programs.
• Allow ALH's travel clubs to realize significant savings on their travel buying due to the increased buying power generated by affiliation with Hickory. As the membership base of the ALH travel clubs grows to numbers projected to exceed 1.8 million members over the next five years, the existing preferred relationships and purchasing discounts already established by HTS are expected to increase the ALH travel clubs' profit margins, resulting in additional profits for ALH group companies.
• Allow ALH to review the current buying of Hickory's members with a view of centralizing the buying power through Hickory to increase profit margins and negotiating additional discounts for Hickory and its member base.

ALH anticipates a closing of this transaction on or before October 31, 2002, with such closing subject to the completion of its due diligence. For additional information on HTS, visit www.hickoryfirst.com.

About American Leisure Holdings, Inc.

American Leisure Holdings, Inc. (OTCBB: FWPC.OB) is a marriage between travel service businesses and leisure property businesses. ALH'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, ALH's goal is to achieve full-time occupancy of its leisure property assets 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 ALH 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 ALH 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 ALH that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in ALH's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and ALH 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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