American Leisure Holdings, Inc. Acquires Miami Based Panther Access Corporation for $1,500,000.

Business Editors/Travel Writers

SADDLEBROOK, N.J.--(BUSINESS WIRE)--March 3, 2003

American Leisure Holdings, Inc. (OTCBB:AMLH), AMLH, completed the acquisition of Panther Access Corporation for $1,500,000 on February 25, 2003. The initial consideration paid was $500,000, with an additional $1,000,000 held in escrow linked to the future profitability of Panther. The full purchase consideration will be paid upon Panther's achievement of pre-tax profits in the amount of $2,760,000 over the next 36 months. Prepaid Telecommunications products will be operated through AMLH's new subsidiary, American Access Telecommunications Corporation (AATC).

The stock purchase was funded through the issuance of 15,000 Series "B" Preferred stock with a liquidation value of $100 per share. The Series "B" Preferred shares are automatically convertible into AMLH common shares at a minimum conversion price of $5 per common share and a maximum $8 once AMLH has obtained a listing on AMEX exchange. The value of the transaction is $1,500,000.

"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 soon begin to see a positive impact on both our top and bottom lines. AATC offers us the opportunity to access the vast prepaid telecommunication market and the ability to distribute our Prepaid Travel Club products through AATC distribution network. This purchase is designed to give our group companies access to potentially hundreds of thousands of new Travel Club members as well as giving our subsidiary, American Leisure Marketing & Technology, Inc. (ALMT) significant savings in its long distance rates for its call center operations. ALMT call center operations will be used to market and distribute the prepaid calling cards as we expand the distribution network of AATC. AMLH is a company that has adapted well in the face of extraordinary challenges, and its management has displayed the resolve to succeed. American Leisure Holdings and its affiliated and associated companies are poised to grow in this unique market."

AATC has retained Mr. Manuel Sanchez as President and Luis Vanegas as CFO.

Upon acceptance of the position as President, Manuel Sanchez commented, "American Leisure Holdings' business model and management philosophies will allow AATC an exciting growth opportunity. Our Prepaid Calling Card products offer a convenient and cost-effective alternative to coin-operated calling, collect calling, operator assisted calls and credit card calling. Prepaid Calling Cards are one of the few profitable sectors of the otherwise depressed telecommunications industry. It is forecasted for Prepaid Calling Card revenue to experience an annual growth rate of 2.7 percent, according to a Frost & Sullivan report. Projections within the industry are forecast to grow from $2.7 billion in 1999 to nearly $4.98 billion by 2006. With the addition of our expertise in the purchase and distribution of prepaid telecommunication products and the uniqueness of the South Florida Call Center Operation, we envision our sales to exceed $11,000,000 in fiscal year 2003. We will utilize ALMT's state-of-the-art telecom equipment to access the large databases of AMLH's travel club members, to sell and market our vast range of prepaid telecommunication products."

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 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 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.