One of the spas in Malaysia recently opened at the Marriott in Miri. The other spa in Malaysia will be located at the Pacific Suetra in Kota Kinabalu and is expected to open next month. Mandara's Palau operations will consist of two facilities in Koror including a spa at the Palau Pacific Resort and a spa at the Nikko Palau Resort. Both are scheduled to open in September 2005. In the Maldives, Mandara anticipates opening its spas at the Island Hideaway resort in July 2005 and at the Lonuhuahutta Resort in December 2006. Both of these venues are in the North Maldives.
“By continuing to develop and operate spas at exclusive resorts, we can offer exceptional quality in prime locations.”
"We are thrilled to expand our global scope by cultivating new relationships and extending our existing affiliations with luxury resorts," said Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure Limited. "By continuing to develop and operate spas at exclusive resorts, we can offer exceptional quality in prime locations."
Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 118 cruise ships, and in 51 resort spas and two luxury day spas. Our cruise line and land-based resort customers include Carnival Cruise Lines, Caesars Entertainment, Celebrity Cruises, Crystal Cruises, Cunard/Seabourn Cruise Lines, Hilton Hotels, Holland America Line, Kerzner International, Marriott Hotels, Norwegian Cruise Lines, Princess Cruises and Royal Caribbean Cruises. Our Elemis Limited subsidiary manufactures its Elemis(R) brand products for use in our cruise ship and land-based spas. This top quality European line of beauty products is also distributed worldwide to exclusive hotels, salons, health clubs and destination spas. Elemis(R), as well as other Steiner products, including La Therapie(R), Ionithermie, and Steiner Hair Care, are available at http://www.timetospa.com.
Steiner Leisure also owns and operates three post secondary schools (comprised of a total of seven campuses) located in Miami, Fort Lauderdale, Orlando and Sarasota, Florida; Baltimore, Maryland; York, Pennsylvania and Charlottesville, Virginia. Offering degree and non-degree programs in massage therapy and skin care, these schools train and qualify spa professionals for health and beauty positions within the Steiner family of companies or other industry entities.
Our statements with respect to the proposed opening dates of our operations at the above resorts may be deemed to be forward-looking statements under the federal securities laws. Such statements do not guarantee the timely construction of these new spas. Known and unknown risks and uncertainties may preclude results that match these statements. Such risks and uncertainties include those beyond our control that could adversely affect the timely construction of land based spas, including our lack of control over the construction and the venues where the spas will be located and possible weather-related delays. Other risks are described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for 2004.