Leisure Canada Inc.

July 04, 2011 16:07 ET

Leisure Canada Announces Acquisition of the Domain Name "visitcuba.com"

TORONTO, ONTARIO--(Marketwire - July 4, 2011) - Leisure Canada Inc. (TSX VENTURE:LCN) today announced that it has acquired the domain name, website and assets related to "visitcuba.com" for total purchase consideration of $100,000 USD in cash and 84,746 Class A common shares of the Company.

visitcuba.com will provide the Company with an online platform from which it shall provide tourists and business travellers to Cuba with resources and information to assist them in making their travel plans. The site shall be launched by the Company in early 2012 and shall amongst other features, enable viewers to make hotel reservations, rent cars, book specialty tour products, as well as provide online content to first time visitors and returning travellers.

Commenting on the transaction, Robin Conners, the Company's President and CEO said, "The opportunity for growth in the tourism sector is significant and visitcuba.com fits perfectly with Leisure Canada's current assets under development and with its broader growth strategy in Cuba."

On Behalf of the Board of Directors

Robin Conners, President and Chief Executive Officer

About Leisure Canada Inc.

Leisure Canada Inc. is a publicly traded company, incorporated under the laws of Ontario and listed on the TSX Venture Exchange under the symbol "LCN". The Company is engaged in the business of developing hotel, resort and commercial properties in Cuba through its wholly-owned subsidiary, Wilton Properties Ltd., in joint venture with Grupo Hotelero Gran Caribe S.A., an agency of the Cuban government.

For further information on the Company please visit our website at www.leisurecanada.com. The Company's public filings, including its most recent audited consolidated financial statements, can be reviewed on the SEDAR website (www.sedar.com).

This news release may contain forward-looking statements and information within the meaning of applicable securities legislation. These forward-looking statements reflect management's current expectations, estimates, projections, beliefs and assumptions that were made using information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "forecast", "outlook", "potential", "continue", "should", "likely" or the negative of these terms or other comparable terminology. Although management believes that the anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve assumptions, known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.

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