Dreamlife Short-Term Loan Increased to $2.4 Million

Apr 30, 2001, 01:00 ET from Dreamlife, Inc.

    NEW YORK, N.Y., April 30 /PRNewswire/ -- On April 27, 2001,
 Dreamlife (OTC Bulletin Board:   DLIF) secured an increase of its line of credit
 from The Chase Manhattan Bank from $2.25 million to $2.4 million, and an
 extension of the maturity date to August 31, 2001.  On October 25, 2000,
 Dreamlife executed a $1.5 million promissory note, which was due, along with
 interest incurred, on November 30, 2000.  The maturity date of the note was
 extended to January 31, 2001 and further extended to April 30, 2001 on
 January 15, 2001.  The principal amount of the line of credit was increased to
 $2.0 million on January 15, 2001 and further increased to $2.25 million on
 March 13, 2001.  Dreamlife executed a new $2.4 million promissory note on
 April 27, 2001 with substantially the same terms and conditions as the prior
 promissory notes.  The line of credit has a maturity date of August 31, 2001
 and the outstanding principal amount of the line of credit incurs interest at
 Chase's prime commercial lending rate.  An affiliate of CYL Development
 Holdings, LLC, a 12.8% stockholder of Dreamlife, provides credit support for
 the line of credit.
     On April 12, 2001, the Company obtained a $50,000 short-term loan from an
 affiliate of CYL Development Holdings, LLC, which expires on April 30, 2001.
 A portion of the proceeds of the increase in the line of credit will be used
 to repay that loan.
     Dreamlife is an online personal and professional development network
 offering consumers an extensive array of individualized coaching, communities,
 courses, tools and interface with renowned experts.  Founded in the Spring of
 1999 by internationally recognized results coach Anthony Robbins, Dreamlife
 has signed marketing, license and content agreements with numerous
 organizations and experts in the fields of personal and professional
 development.  For more information visit www.dreamlife.com.
 
     Certain statements made herein that use the words "estimate," "project,"
 "intend," "expect," "believe" and similar expressions are intended to identify
 forward-looking statements within the meaning of the Private Securities
 Litigation Reform Act of 1995.  These forward-looking statements involve known
 and unknown risks and uncertainties which could cause the actual results,
 performance or achievements of Dreamlife to be materially different from those
 which may be expressed or implied by such statements, including, among others,
 Dreamlife's ability to secure additional financing or complete a strategic
 transaction, changes in general economic and business conditions and
 specifically, decline in demand to Dreamlife's products, inability to timely
 develop and introduce new technologies, products and applications and loss of
 market share and pressure on prices resulting from competition.  For
 additional information regarding these and other risks and uncertainties
 associated with Dreamlife's business, reference is made to Dreamlife's reports
 filed from time to time with the Securities and Exchange Commission.
 
     CONTACT:  Philicia Levinson, Chief Financial Officer of Dreamlife, Inc.,
               212-433-1413, or plevinson@dreamlife.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X49108746
 
 

SOURCE Dreamlife, Inc.
    NEW YORK, N.Y., April 30 /PRNewswire/ -- On April 27, 2001,
 Dreamlife (OTC Bulletin Board:   DLIF) secured an increase of its line of credit
 from The Chase Manhattan Bank from $2.25 million to $2.4 million, and an
 extension of the maturity date to August 31, 2001.  On October 25, 2000,
 Dreamlife executed a $1.5 million promissory note, which was due, along with
 interest incurred, on November 30, 2000.  The maturity date of the note was
 extended to January 31, 2001 and further extended to April 30, 2001 on
 January 15, 2001.  The principal amount of the line of credit was increased to
 $2.0 million on January 15, 2001 and further increased to $2.25 million on
 March 13, 2001.  Dreamlife executed a new $2.4 million promissory note on
 April 27, 2001 with substantially the same terms and conditions as the prior
 promissory notes.  The line of credit has a maturity date of August 31, 2001
 and the outstanding principal amount of the line of credit incurs interest at
 Chase's prime commercial lending rate.  An affiliate of CYL Development
 Holdings, LLC, a 12.8% stockholder of Dreamlife, provides credit support for
 the line of credit.
     On April 12, 2001, the Company obtained a $50,000 short-term loan from an
 affiliate of CYL Development Holdings, LLC, which expires on April 30, 2001.
 A portion of the proceeds of the increase in the line of credit will be used
 to repay that loan.
     Dreamlife is an online personal and professional development network
 offering consumers an extensive array of individualized coaching, communities,
 courses, tools and interface with renowned experts.  Founded in the Spring of
 1999 by internationally recognized results coach Anthony Robbins, Dreamlife
 has signed marketing, license and content agreements with numerous
 organizations and experts in the fields of personal and professional
 development.  For more information visit www.dreamlife.com.
 
     Certain statements made herein that use the words "estimate," "project,"
 "intend," "expect," "believe" and similar expressions are intended to identify
 forward-looking statements within the meaning of the Private Securities
 Litigation Reform Act of 1995.  These forward-looking statements involve known
 and unknown risks and uncertainties which could cause the actual results,
 performance or achievements of Dreamlife to be materially different from those
 which may be expressed or implied by such statements, including, among others,
 Dreamlife's ability to secure additional financing or complete a strategic
 transaction, changes in general economic and business conditions and
 specifically, decline in demand to Dreamlife's products, inability to timely
 develop and introduce new technologies, products and applications and loss of
 market share and pressure on prices resulting from competition.  For
 additional information regarding these and other risks and uncertainties
 associated with Dreamlife's business, reference is made to Dreamlife's reports
 filed from time to time with the Securities and Exchange Commission.
 
     CONTACT:  Philicia Levinson, Chief Financial Officer of Dreamlife, Inc.,
               212-433-1413, or plevinson@dreamlife.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X49108746
 
 SOURCE  Dreamlife, Inc.