Steiner Leisure Limited Announces Mandara Spa Projects in Malaysia, Palau and Maldives.NASSAU, The Bahamas -- Steiner Leisure Limited (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :STNR STNR Stationary STNR Symmetric Tonic Neck Reflex ) is pleased to announce that the Asian operations of Mandara Spa, its premier resort spa brand, has entered into agreements to operate a total of six spa facilities in Malaysia, 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 and Palau. Under these agreements, Mandara is required to provide funds towards the build-out of the facilities totaling approximately $1.7 million. Four of the agreements have terms of 10 years and two have five year terms. One of the spas in Malaysia recently opened at the Marriott in Miri. The other spa in Malaysia will be located at the Pacific Suetra in Kota Kinabalu Kota Kinabalu (kōt`ə kĭn'əbəl  `), formerly Jesselton, town (1991 pop. and is expected to open next month. Mandara's Palau operations will consist of two facilities in Koror including a spa at the Palau Pacific Resort and a spa at the Nikko Palau Resort. Both are scheduled to open in September 2005. In the Maldives, Mandara anticipates opening its spas at the Island Hideaway resort in July 2005 and at the Lonuhuahutta Resort in December 2006. Both of these venues are in the North Maldives. "We are thrilled to expand our global scope by cultivating new relationships and extending our existing affiliations with luxury resorts," said Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure Limited. "By continuing to develop and operate spas at exclusive resorts, we can offer exceptional quality in prime locations." Corporate Overview Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 118 cruise ships This is a list of cruise ships, both those in service and those that have since ceased to operate. Both cruise ships and cruiseferries are included in this list. (Ocean liners are not included on this list, see List of ocean liners. , and in 51 resort spas and two luxury day spas. Our cruise line A cruise line is a company that operates cruise ships. Cruise lines have a dual character; they are partly in the transportation business, and partly in the leisure entertainment business, a duality that carries down into the ships themselves, which have both a crew headed by the 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 and Royal Caribbean 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 also owns and operates three post secondary schools (comprised of a total of seven campuses) located in Miami, Fort Lauderdale, Orlando and Sarasota, Florida; Baltimore, Maryland; York, Pennsylvania and Charlottesville, Virginia. 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 skin care, these schools train and qualify spa professionals for health and beauty positions within the Steiner family of companies or other industry entities. Our statements with respect to the proposed opening dates of our operations at the above resorts may be deemed to be forward-looking statements under the federal securities laws. Such statements do not guarantee the timely construction of these new spas. Known and unknown risks and uncertainties may preclude results that match these statements. Such risks and uncertainties include those beyond our control that could adversely affect the timely construction of land based spas, including our lack of control over the construction and the venues where the spas will be located and possible weather-related delays. Other risks are described in our filings with the Securities and Exchange Commission, including our 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 2004. |
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