Steiner Leisure Limited Announces Agreement to Operate a New Spa at the Cinnamon Coral Garden Resort in the Maldives.NASSAU, The Bahamas -- Steiner Leisure Limited (Nasdaq:STNR STNR Stationary STNR Symmetric Tonic Neck Reflex ) announced today that its premier luxury spa division, Mandara Spa, has entered into an agreement to operate a luxury spa facility on Alidhoo Island in the Haa Alifu Atoll, at the Cinnamon Coral Garden Resort in the Maldive Islands prop. n. 1. A group of about 2000 islands in the Indian ocean; also known as the Maldives ltname>. Noun 1. Maldive Islands - a group of about 1,200 small coral islands (about 220 inhabited) in the Indian ocean Maldives . The term of the lease is for seven years, with two renewal periods of two years each, at the option of either of the parties. The resort will be a five-star property with a focus on the unique attributes and culture of the Maldives Maldivian culture is derived from a number of sources, the most important of which are its proximity to the shores of Sri Lanka and South India. Thus the population is mainly Dravidian from the anthropological point of view. . Accommodations will consist of 46 Beach Bungalows, 45 Duplex Villas, one Water Villa and one Presidential Suite. Facilities will include three restaurants and two bars. The spa will be set amidst a lotus pond Lotus Pond is a small water body situated off Banjara Hills, Hyderabad, Andhra Pradesh, India. The pond is surrounded by lush green flora and a 1.2 kilometer path. Lotus Pond is home to more than 20 species of birds. in the heart of the island, blending the tranquility of a lagoon setting with Mandara's signature contemporary-Balinese elements. The facility will feature a wide array of massages, scrubs and baths, as well as signature treatments including ayurvedic and herbal therapies. The property also boasts its own spa garden with a large collection of local medicinal plants medicinal plants, plants used as natural medicines. This practice has existed since prehistoric times. There are three ways in which plants have been found useful in medicine. and dispensary dispensary: see clinic. as complementary services. Mandara estimates that the new spa will open in the second quarter of 2007. Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure said, "We are very excited to be expanding our presence in the beautiful Maldive Islands at this top flight resort." Corporate Overview Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 125 cruise ships, and in 57 resort spas and two luxury day spas. Our cruise line and land-based resort customers include Carnival Cruise Lines This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , Caesars Entertainment, Celebrity Cruises, Crystal Cruises, Cunard/Seabourn Cruise Lines, Hilton Hotels, Holland America Line Holland America was founded in 1873 as the Dutch-America Steamship Company, a shipping and Passenger line. Because it was headquartered in Rotterdam and provided service to the Americas, it became known as Holland America Line (HAL). , Kerzner International, Marriott Hotels, Norwegian Cruise Lines, Princess Cruises, Royal Caribbean Cruises and Silversea Cruises. Our Elemis Limited subsidiary manufactures its Elemis[R] brand products for use in our cruise ship and land-based spas. This top quality European line of beauty products is also distributed worldwide to exclusive hotels, salons, health clubs and destination spas. Elemis[R], as well as other Steiner products, including La Therapie[R], Ionithermie, and Steiner Hair Care, are available at http://www.timetospa.com. Steiner Leisure owns and operates four post secondary schools (comprised of a total of 14 campuses) located in Miami, Orlando, Pompano Beach and Sarasota, Florida; Baltimore, Maryland; Charlottesville, Virginia; York, Pennsylvania; Salt Lake City and Lindon, Utah; Las Vegas, Nevada; Tempe and Phoenix, Arizona; and Westminster and Aurora, Colorado. Offering degree and non-degree programs in massage therapy Massage Therapy Definition Massage therapy is the scientific manipulation of the soft tissues of the body for the purpose of normalizing those tissues and consists of manual techniques that include applying fixed or movable pressure, holding, and/or and, in some cases, skin care, these schools train and qualify spa professionals for health and beauty positions within the Steiner family of companies or other industry entities. Forward-Looking Statements Steiner Leisure's statements with respect to the proposed facilities and services and the estimated opening date of its operations at the above resort may be deemed to be forward-looking 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. Such statements do not guarantee the timely construction or final characteristics of this new resort or the spa located therein, as known and unknown risks and other factors may preclude results that match these statements. Such risks and factors include uncertainties beyond our control that could adversely affect the timely construction and final characteristics of land based resorts such as the Cinnamon Coral Garden Resort and spas located therein, including Steiner Leisure's lack of control over the construction and the venue where the spas will be located and possible weather-related, or other, delays. We undertake no obligation to publicly update or revise any of the forward-looking information contained herein. Other risks are described in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for 2005. |
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