Business Services Industry
American Leisure Holdings Subsidiary Opens New Communications Enterprise
Business Wire, Feb 4, 2005
SADDLE BROOK, N.J. -- American Leisure Holdings, Inc. (OTCBB:AMLH), a multi-faceted Stanford Group Portfolio company with divisions dedicated to travel management, travel distribution, cutting edge communications distribution and travel resort destination development, announced today that its subsidiary, Caribbean Leisure Marketing, Ltd., together with its joint venture partner, IMA, Ltd., an International Business Corporation headquartered in Barbados, have formed Caribbean Media Group, Ltd. to open its telecommunications center in Antigua-Barbuda.
The call center, which operates in the Old Sealy Building close to the airport, is expected, ultimately, to expand from its current start-up staff of 40 to employ over 1,000 Antiguans and Barbudans to service a variety of Fortune 100 Corporations with consumers in the US market, as well as UK market Corporations.
Following a brief ceremony including Government and Company officials, the Honorable Wilmouth Daniel, Deputy Prime Minister, today engaged in a symbolic ribbon cutting and re-opening of the call center.
James Davis, Director and Chief Financial Officer, Stanford Group Company, stated: "The Stanford Group is committed to supporting and investing in the growth of Antigua and Barbuda, and proud to have played a role in this significant step forward in the nation's development as a center for commercial services. We will continue to participate in the expansion and success of Caribbean Media Group, as well as in its development of a premier Caribbean call center serving major financial institutions and the world's leading internet services provider."
Malcolm J. Wright, President of American Leisure Holdings, Inc., observed: "The new call center in Antigua and Barbuda represents an outstanding opportunity to expand our presence in this emerging economy, which also extends to a broad range of real estate, travel and related services. We look forward to working with our investor, the Stanford Group of Companies, as well as our partners, the Government and, of course, our joint venture's superb employees, to create critical skilled jobs and advance Antigua and Barbuda's growth."
About American Leisure Holdings, Inc.
American Leisure Holdings, Inc. (OTCBB:AMLH) is a fully integrated travel services distribution company. In addition to TraveLeaders, AMLH owns Hickory Travel Systems, Inc. a travel distribution network whose members produce multi-billion dollar gross annual sales. The Company's goal is to acquire travel companies and expand its affiliated travel network within AMLH's business model for an integrated distribution channel while continuing its web based and e-commerce solutions development. The Company is actively working to develop innovative travel and communication technology to enhance its competitive posture in the travel management and vacation home development arenas. The company intends to take advantage of the natural synergy between travel distribution and management and the development of travel destinations. This synergy will enhance the performance of the AMLH Vacation Home Resort Development Division, which develops high quality resort properties comprised of vacation homes. Its Sonesta Orlando at Tierra del Sol Resort has sold over 625 vacation homes in the pre-construction sales period worth a total value of over $200 million dollars. The Company expects to open this resort in the summer of 2006.
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 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, 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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