American Leisure Holdings, Inc. Receives $6,000,000 Credit Facility.Business Editors/Travel Writers TAMARAC, Fla.--(BUSINESS WIRE)--March 29, 2004 American Leisure Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMLH), a fully integrated travel services distribution company on a cutting-edge web platform, announced today that it has successfully closed on a new $6,000,000 credit facility from Stanford Venture Capital Holdings, Inc.("Stanford"). The credit facility is secured by way of assets and stock holdings of certain of AMLH's subsidiary companies along with the issuance of warrants being provided to Stanford. The new investment will be used to support the Company's growth strategy, which entails the implementation of new technologies that will advance the integrated travel services distribution company to the forefront of the e-commerce world. "American Leisure Holdings Inc. has now closed on this transaction, signifying Signifyin' (slang) is an African-American rhetorical device featuring indirect communication or persuasion and the creating of new meanings for old words and signs. Signifying, in this sense, includes repetition and difference, implication and association, combining words and the financial support of Stanford Financial Group to our group of companies. This facility will allow us to achieve many of our strategic business goals," said Malcolm Wright, President of AMLH. "We are well positioned to execute the next stage of our corporate strategy and proceed to new acquisitions." 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 Hickory, city, United States Hickory, city (1990 pop. 28,301), Burke and Catawba counties, W N.C., at the foot of the Blue Ridge Mts.; inc. 1870. It is a processing and trade center for an abundant agricultural region (grain, soybeans, poultry, hogs, Travel Systems, a travel distribution network with multi-billion dollar gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. . The Company's growth strategy is to acquire travel companies and expand its affiliate network An affiliate network acts as an intermediary between publishers (affiliates) and (merchant) affiliate programs. It allows publishers to find affiliate programs, which are suitable for their website and it helps websites offering affiliate programs reach its target audience. within AMLH's integrated distribution channel business model while continuing its web based Coming from a Web server. See Web application. and e-commerce solutions development. Forward Looking Statement: This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" , 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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