Trading Statement

RNS Number:4181J
American Leisure Group Limited
07 December 2007


                         American Leisure Group Limited

                            ("ALG" or "the Company")


                          Update ahead of new year-end


American Leisure Group Limited (AIM: ALGL), "The vacation resort company",
announces progress on its development activities and a change of year-end.


The development of the first pre-sold units in the initial phase of ALG's
Sonesta resort in Orlando, Tierra del Sol, is now well underway.  This includes
the construction of 206 town home units, together with a high quality water park
and related amenities.  This phase remains scheduled for completion in time to
open, as planned, in early Summer 2008.


As reported at the time of its IPO, ALG has successfully pre-sold units at its
Sonesta resort in Orlando with a sales value of over US$300 million.


The change in both US and global credit market conditions over the past three
months has affected the general availability of construction finance for US
development. As a result, the Company has experienced some delays in securing
debt to finance the construction of a proportion of its units and certain
corresponding recreational facilities.


The pace of construction to date has therefore been slower than originally
anticipated.   As a result, the Board of ALG does not expect to achieve the
revenue and earnings over the next few months by when it was originally
envisaged.  Nevertheless, the Board does expect to achieve all of those delayed
revenues originally projected.


The Board of ALG believes there has been a recent improvement in the attitude of
financiers for construction in Florida, particularly towards holiday resort
development in prime locations such as Orlando and is pleased to report that it
has recently secured construction facilities aggregating approximately US$28
million.  ALG is now in active discussions on further construction facilities.
The securing of further facilities will enable ALG to accelerate the pace of the
resort construction, thus mitigating the effects referred to above.


The Board of ALG remains confident in the prospects for the Group and believes
that 2008 will be a year of solid progress.  It feels the quality of ALG's
planned resorts, particularly with the extensive and highly attractive water
park and other amenities, together with their prime geographical position in
Orlando, has long-standing appeal to customers.  Indeed, ALG has been encouraged
by the response to its recent marketing of an additional phase of resort units,
where initial sales are in line with expectations.


Accounting reference date

In order to reconcile with the 31 December accounting date of ALG's US
subsidiary, American Leisure Holdings, Inc., the Board of ALGL has decided to
change its accounting reference date from 31 July to 31 December.  Its first
audited accounts will be prepared for the period ending 31 December 2007.



                                    - Ends -

For further information:

American Leisure Group Limited
Fred Pauzar, Director of Corporate Development         Tel: [phone]
                                                 www.americanleisuregroupltd.com


Dawnay, Day Corporate Finance
Nick Lovering                                          Tel: [phone]




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