ZELIENOPLE, Pa., Feb. 12, 2016 /PRNewswire/ -- American Leisure Holdings, Inc. (OTC: AMLH), announced today that the Management of the company has evaluated current economic conditions and has initiated an executive decision to divest itself of assets in the Oil and Gas sector, with the intention of establishing a footprint in emerging technology. Mr. Scott Wroblewski said, "In consideration of the current market conditions and in the best interest of our shareholders, we have made a significant material decision to change the course of the company." Mr. Wroblewski continued, "Through our various relationships we have identified compelling technology market sectors that can offer dramatic revenue growth along with strong profit margins."
American Leisure Holding Inc. has therefore sold the service station complexes division (Wroblewski Oil and Gas Company) and their associated businesses. The resignations of Michael Bendas and Arthur Wielkoszewski as Directors of the company have been accepted. Michael and Arthur have determined that their expertise is of greater value elsewhere, and the company concurs and wishes them every success in their future endeavors. They remain available as business consultants in the future, should AMLH require their availability.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely solely on such statements. The forward-looking statements in this release are made as of the date hereof and American Leisure Holdings, Inc. undertakes no obligation to update such statements.
SOURCE American Leisure Holdings, Inc.