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Press Release: American Leisure Holdings, Inc.
May 20, 2004
TAMARAC, FL -- American Leisure Holdings, Inc. (OTCBB:AMLH), a fully integrated travel services distribution company
based on a cutting-edge web platform announced May 18 that it has acquired an option to purchase "Around The
World Holdings, LLC." the majority common stock holder of "TraveLeaders", which is one of the largest
US-based travel distribution companies. When the purchase has been completed "TraveLeaders" will be incorporated
into AMLH's Travel Division. Keith St. Clair, currently Chairman and CEO of "TraveLeaders", has been
appointed President of AMLH and Chairman and CEO of AMLH's expanded Travel Division.
"Once this option has been exercised, this will offer us a great opportunity to grow our travel related businesses
and strengthen our talented pool of executive management. We look forward to realizing significant synergistic
benefits from the enhanced Travel Division, particularly in terms of our travel related purchasing power and through
the utilization of our advanced technology and distribution centers in all of TraveLeaders business operations,"
said Malcolm Wright, CEO of AMLH.
"I am very pleased to take on the role of President of AMLH which will help with the rapid development and
expansion of AMLH's fully integrated Travel Division," said Keith St. Clair, Chairman and CEO of TraveLeaders.
"TraveLeaders' commitment to customer satisfaction remains steadfast as we embark on this exciting development.
I fully believe that the technological and financial support provided to us by AMLH as a result of this transaction
will allow us to continue to enhance our industry-leading service and support to our customer base."
St. Clair confirmed that it is planned for TraveLeaders to join the AMLH Travel Division as an independent subsidiary.
AMLH already has a number of travel related subsidiaries, including, American Leisure, American Travel & Marketing
Group, and Hickory Travel Systems, whose member agencies collectively produce multi-billion dollar gross sales
annually.
As reported previously, Stanford Venture Capital Holdings, Inc. ("Stanford") has made available a credit
facility of $6 million to AMLH and has agreed to make available an additional $4 million to aid and support its
business and growth plans. "Stanford is very pleased with AMLH's opportunity to acquire TraveLeaders which
will be a significant enhancement to AMLH, one of our portfolio companies," said Danny T. Bogar, managing
director of Stanford's Capital Markets Group. "The addition of TraveLeaders to AMLH's group of companies will
allow it to meet the needs and preferences of travelers across a broad range of products and distribution channels,
including emerging technologies."
About TraveLeaders
Operating for over 37 years, TraveLeaders is one of the largest travel services distribution companies in North
America. The Company provides clients with a comprehensive range of business and leisure travel services, including
corporate travel management, leisure sales, meetings and incentive planning, plus industry education and training.
TraveLeaders' integrated multi-channel distribution model offers its customers the choice of a brick and mortar
agency, a totally on-site corporate travel department, and/or the latest advancements in travel internet technology.
For additional information, visit www.traveleaders.com or call (800) 559-0484.
About American Leisure Holdings, Inc.
American Leisure Holdings, Inc. (OTCBB:AMLH) is a fully integrated travel services distribution company operating
on a leading edge web platform. AMLH owns Hickory Travel Systems, Inc. a travel distribution network whose members
collectively produce multi-billion dollar gross annual sales. The Company's new growth strategy is to acquire travel
companies and expand its affiliates travel network within AMLH's integrated distribution channel business model
while continuing its web based and e-commerce solutions development. The Company also has a Vacation Resort Development
Division that is actively involved in the development of a luxury destination resort named "Tierra Del Sol
Resort" in Orlando, Florida featuring 971 vacation town homes and condominiums to include a $12 million amenities
package all on 122 acres within 10 miles of Walt Disney World. Pre-sales commenced on February 1, 2004.
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 AMLH's 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:
American Leisure Holdings, Inc., Miami
Toni J. McGann, 305-245-5050
or
Media:
NJC Corporate Communications
Marlene Oliver-Sosa, 305-491-0512
Source: American Leisure Holdings, Inc.