Press Room

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.

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 Corporate Finance
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