American Leisure Holdings, Inc.'s Subsidiary, Sunstone Golf Resort, Inc., Announces That It Has Received Board of County Commissioner Approval to Establish the Westridge Community Development District in Polk County, Florida.

Business Editors

TAMARAC, Fla.--(BUSINESS WIRE)--Oct. 9, 2003

American Leisure Holdings, Inc. (OTCBB:AMLH) announces that its Sunstone Golf Resort, Inc. subsidiary has received from Polk County, FL approval to establish the Westridge Community Development District ("CDD"). Sunstone Golf Resort, Inc. has received Planned Development (PD) approval for its proposed 960-unit vacation destination resort near Orlando, Florida. The resort is to be named Terra Del Sol. Site development work is scheduled to commence in the spring of 2004 with the first vacation properties being planned for delivery and occupancy in the fourth quarter of 2004. With the establishment of the Westridge CDD the Resort's horizontal infrastructure (roads, sewerage, water, landscaping, walkways, entrance features, etc.) and many of the Resort's public amenities such as the clubhouses, pools, conference center, and recreation package can be financed via bonds planned to be issued by the Westridge Community Development District. These bonds are planned to total approximately $30,000,000 and are expected to be arranged by investment bankers Kirkpatrick, Pettis, Smith, Polian Inc. ("Kirkpatrick Pettis"), a Mutual of Omaha company. AMLH will provide development, marketing and financing support for the development of the Resort.

"Using CDD bond financing for the horizontal infrastructure and the Resort's public amenities is something that I have wanted to implement for this project for a number of years," said Malcolm Wright, President of AMLH. "With the aid of Kirkpatrick Pettis we have appointed a great team of professionals to help get the CDD up and running. Those professionals include: Kirkpatrick Pettis Investment Bankers Mr. Jeffrey T. Larson, Mr. Carlos Pereda, Mr. Bill Spivey, AICP and Mr. Sam Sharp; Consulting Engineers Mr. Bob Wilson and Mr. Mark Wilson of Kimley-Horn and Associates, Inc.; Architect/Land Planning Mr. Bob Koch of Fugleberg Koch Architects; CDD Legal Counsel Steven J. Zucker, Esq. Shutts & Bowen, LLP; Bond Counsel Jean E. Wilson, Esq. and George Nickerson, Esq. of Nabors, Giblin & Nickerson, P.A.; District Manager Mr. Bill Rizzetta of Rizzetta & Company, Inc.; and Disclosure Counsel Michael Williams, Esq. of Akerman, Senterfitt & Eidson, P.A." Wright continued, "My associates and I look forward to continuing our work with this very experienced team to develop and implement this exciting resort project."

Wright added: "We hope to get the Public Offering Statement finalized early next month and complete the $30,000,000 in bond financing arranged by Kirkpatrick Pettis in December, ready for start of construction in the spring of 2004. We are in the process of finalizing the architectural drawings so that pre-sales can commence on November 1, 2003. We aim to have at least 100 reservations for the town-homes and condominiums before we start construction. The establishment of the CDD will enable the Resort to rank among the top Orlando-area resort properties and will generate a substantial tax base for Polk County. I see this as a win-win situation for everyone involved, including most importantly, the owners of the resort properties."

Wright noted that the planned Terra Del Sol resort development is less than ten minutes to Disney World and is particularly well suited for an upscale vacation destination resort. "Our new site plan pays particular attention to superior amenities which include pool complexes, gardens, fountains, additional vacation home amenities and clubhouse / conference facilities designed in a Mediterranean Village motif," Wright added. "Our emphasis on superior resort amenities will distinguish the Terra Del Sol resort project from other vacation rental projects in the area, and we believe that the project will generate significant added value for our prospective owners by creating a resort hotel environment."

Wright stated that the Terra Del Sol resort project will be marketed by AMLH as a vacation destination resort and associated with a major hotel brand with an international reservation system. "This will give the project a competitive advantage in marketing the income potential of the project's vacation homes and will give prospective homebuyers additional confidence that each purchased unit will be occupied at a higher occupancy rate than those of our competitors," said Wright. "The project is designed to give AMLH a positive impact on both its top and bottom lines commencing in the last quarter of 2004. The project's pro-forma development figures show estimated gross sales of $220,000,000 over a 72 month development cycle with ongoing revenues being generated thereafter from vacation property management and the sale of the vacation club."

About American Leisure Holdings, Inc.

American Leisure Holdings, Inc. (OTCBB:AMLH) 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 it to maintain its leisure property assets, once acquired, at near full occupancy on a year-round basis.

For more information, visit http://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 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 press 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.