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Article Excerpt
Business Editors/Travel Writers
TAMARAC, Fla.--(BUSINESS WIRE)--April 5, 2004
American Leisure Holdings, Inc. (OTCBB:AMLH), a fully integrated travel services distribution company based on a cutting-edge web platform, announced today that it has successfully closed on the acquisition of assets owned by GCD Acquisition Corp. ("GCD") of Coral Gables, Florida in the form of senior, secured notes in the total amount of $22,600,000 for the sum of $1,700,000. This consideration was paid via the issuance of 340,000 common restricted shares at $5 a share in AMLH. In addition, AMLH gave the seller...
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