SOURCE: Leisure Direct, Inc.

April 26, 2007 09:00 ET

Leisure Direct to Acquire Location in Indiana

PERRYSBURG, OH -- (MARKET WIRE) -- April 26, 2007 -- Leisure Direct, Inc. (OTCBB: LDTI) announced today that it is in the process of acquiring a spa dealer located in Evansville, Indiana. John Ayling, Chairman of Leisure Direct, stated, "The acquisition of this dealer, following the opening of our new location in Cincinnati, demonstrates our commitment to building shareholder value through the acquisition and integration of profitable dealers and manufacturers in the backyard leisure industry."

The dealer is a company owned location of Royal Spa Manufacturing of Indianapolis, Indiana. Bob Dapper, President of Leisure Direct and founder of Royal Spas stated, "We are excited to bring this location into the operations of Leisure Direct and anticipate strong sales and EBITDA results this year. This location has posted consistent sales and earnings results over the last five or six years. Our goal for this location is to drive sales in excess of $1 million with EBITDA of more than $100,000 within the next two years. Furthermore, we have retained strong sales and marketing talent who will continue working at this location."

The company disclosed that the terms of the acquisition did not require the issuance of any common stock. The acquisition will be accretive to Leisure Direct.

Leisure Direct's business plan includes acquiring or opening 50 to 60 locations over the next three to five years, with 10 to 15 of them being consummated in 2007. Leisure Direct will announce additional dealer acquisitions over the next few days and weeks. Once its initial dealer network is established, the company intends to acquire manufacturers of backyard leisure products.

About Leisure Direct, Inc.

It is the mission of LDTI to become the premier, highest quality and most nationally recognized manufacturer and direct marketer of pool, spa/hot tub, and other backyard leisure products in the United States. LDTI will implement its strategy by acquiring existing dealers and manufacturers of backyard leisure products. The acquired dealers will be converted to design and service centers and help support LDTI's direct to consumer sales model.

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

Contact Information

  • Contact:
    John R. Ayling
    Leisure Direct, Inc.
    (419) 873-1111
    1070 Commerce Drive, Building II - Suite 303
    Perrysburg, OH 43551