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American Leisure Holdings Retains The Investor Relations Group, a Leading Investor and Public Relations Firm.


Business Editors

KISSIMMEE, Fla.--(BUSINESS WIRE)--June 14, 2002

American Leisure Holdings (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: FWPC FWPC Federal Wireless Policy Committee
FWPC Federal Women's Program Committee
FWPC Federal Women's Program Coordinator
)--based upon its previously announced letter of intent to merge with FreewillPC--has engaged The Investor Relations Group Inc., ("IRG (1) (InterRecord Gap) See interrecord gap.

(2) (Internet Research Group, Los Altos, CA, www.irgintl.com) A research and consulting firm founded in 1993 that specializes in developing business strategies for Internet-related companies.
 to serve as its new financial relations, corporate communications and public relations company. IRG, a leading investor and public relations firm based in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
, will strive to increase investor awareness of American Leisure Holdings (ALH ALH Advanced Light Helicopter
ALH Amplitude of Lateral Head (Displacement)
ALH Alpha Hospitality Corporation (former stock symbol; now ALHY)
ALH Advanced Liquid Hydrogen
) within the U.S. market by individually and personally introducing the company and its management to pre-qualified fund managers and other investment professionals. IRG will also provide a full complement of public relations services to ALH by obtaining various media interview opportunities including television, radio, magazines, trade publications and newspapers.

Commenting on the new relationship, Malcolm Wright, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of American Leisure Holdings said, "I am impressed with The Investor Relations Group's history of introducing and cultivating long-term relationships between their portfolio companies and premier fund managers. In the wake of this merger with Freewill free·will  
adj.
Done of one's own accord; voluntary.

Adj. 1. freewill - done of your own accord; "a freewill offering"
 PC and the anticipated execution of our business model, we feel this is the opportune time to broaden our existing investor base and increase awareness of ALH's unique footprint in the travel and leisure industry."

In the future, all investor inquiries relating to American Leisure Holdings should be directed to The Investor Relations Group, New York, N.Y., 10005. Telephone: 212.825.3210. Email: TheProTeam@aol.com.

About American Leisure Holdings

American Leisure Holdings, Inc. is a marriage between cash-flow rich travel service businesses and asset rich leisure property businesses--creating one of the foremost travel service providers in the leisure travel industry. ALH's strategy is to own and operate vacation resort properties, build a large membership base through various club programs and sell travel services and vacation ownership to those members. ALH seeks to maximize the asset value of each resort property by operating each as hotel/resort and vacation ownership property. This hotel/vacation model allows ALH to fund new property purchases, particularly in the high-demand resort areas, through operating cash flow Operating cash flow

Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements.
. Other units of ALH are designed to enhance financing strategies of the hotel/vacation model, either through project development, property management and/or sales and marketing.

Safe Harbor statements under 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: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks and other risk factors detailed in the company's Securities and Exchange Commission filings.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 14, 2002
Words:431
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