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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| American Leis | LSE:ALGL | London | Ordinary Share | VGG0294N1078 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 29.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 2337W
American Leisure Group Limited
09 June 2008
9 June 2008
American Leisure Group Limited
("ALG" or "the Company")
Further re: Corporate Update
Further to its corporate update, which was announced on 25 March, American Leisure Group Limited announces that, in light of the
continuing and well-publicised difficult conditions for companies seeking capital investment for the development of US residential property,
it is now expected that the Company's Sonesta Orlando Resort at Tierra del Sol will be opened early in 2009.
The Company is currently in advanced discussions with an existing debt provider about securing a significant additional debt facility.
These discussions are expected to conclude during June 2008.
However, prevalent market conditions, and the slower pace of construction of town home units and the resorts amenity package, are
continuing to have a detrimental impact on the Company's sales efforts.
The Company is continuing to consider the financial implications of prevalent market and debt conditions and will provide a further
update thereon in its financial results for the period to December 2007, which will be announced in late June 2008.
-ENDS -
For further information:
American Leisure Group Limited
Fred Pauzar, Director of Corp. Development Tel: +1 407 251 2240
Tel: +44 (0) 7866 066 669
Malcolm Wright, Chief Executive Officer Tel: +1 407 251 2240
www.americanleisuregroupltd.com
Dawnay, Day Investment Banking
Nick Lovering Tel: +44 (0)20 7630 4140
www.dawnayday.com
Media enquiries:
Abchurch
Henry Harrison-Topham / Gareth Mead Tel: +44 (0) 20 7398 7710
gareth.mead@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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