Advantage Life to Acquire Exclusive Cruises.

TAMPA, Fla.--(BUSINESS WIRE)--Nov. 25, 1997--

TAMPA-BASED OPERATOR ENTERS HIGHLY PROFITABLE UPSCALE CRUISE MARKET

Advantage Life Products, Inc., (NASDAQ: ADVT) announced today that its gaming cruise division has entered into a letter of intent to acquire Fort Lauderdale-based Exclusive Cruises, Inc., which owns the M/Y Acqua Azzurra, a 165 foot luxury cruise ship which accommodates 50 passengers in 25 outside cabins.

The Acqua Azzura was built in September 1995 and has been appraised at approximately $10 million. The ship maintains a crew of 18 and features interiors by the award winning French architect, Jean-Pierre Heim. Among its many other amenities, this spectacular vessel offers a spacious dining room, lounge, and casino with panoramic windows, and large outdoor sundecks. Seven day cruises to the Western Caribbean and Mexico are scheduled to begin in early 1998. Projected income for 1998 is $4,602,675 with a net profit of $2,015,271. As part of its marketing strategy, Exclusive has contracted to purchase a full service travel agency located in Miami, and has created a joint venture with one of the largest and oldest tour operators in Cancun, Mexico with over 20 locations and 300 employees.

Joseph Romano, Chairman of Advantage Life Products, was quoted as saying "The acquisition of the Acqua Azzura will contribute $8,500,000 in assets to our balance sheet for a minimum investment, and provides our company with the ability to launch a new luxury cruise division without the traditional start up costs. There are additional operational synergies which will benefit the company in both the short and long term."

Georgia Sittas, President of Exclusive Cruises stated, "The opportunities arising from the successful operation of the Acqua Azzura are enormous. With this vessel we can call at the small and shallow ports or lagoons usually accessible only to private luxury yachts. Our agreement with Advantage Life presents an excellent opportunity for us to capture a segment of what is the fastest growing and most profitable segment of the cruise industry."

Select Capital Advisors, the Miami-based international financial services holding company, introduced the two parties and is arranging for the acquisition financing. Select has affiliates worldwide and provides small to medium sized emerging growth companies with a wide range of investment banking services including international equity offerings, structured finance, mergers and acquisitions, venture capital financing, and bridge loans. Last year, Select Capital announced successfully completed investment banking transactions totalling more than $493 million.

According to Select's Chairman, Ronald G. Williams, Select Capital's mission was to provide both companies with enhanced synergies and new strategic direction. Williams believes that "through the acquisition of Exclusive Cruises, the new entity will make significant progress toward achieving the ultimate success we envision for both companies."

The value of this transaction is estimated to be in excess of $10 million.

From time to time, the company may issue forward looking statements which involve risks and uncertainties. This statement may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results could differ and any forward looking statements should be considered accordingly.

For further information, contact Lynne Sifford at 305-856-5668.

CONTACT: Lynne Sifford

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