Regal Life Enters Health, Wellness Tourism Arena

Regal Life Concepts, Inc. has entered into a Standstill Agreement with Amaravati Co., Ltd., a Thailand-incorporated company whose principal asset is the Amaravati Ayurveda Spa Resort, a 50-room resort facility located in Chiang Mai, Thailand.

Under the terms of the Agreement, Amaravati has granted Regal Life a period of exclusivity in which to complete its due diligence and structure a transaction for the acquisition of the resort facility.

The Company intends to diversify its business efforts in 2008 to focus on the wellness and destination resort arena. The World Tourism Organization forecasts that international tourism will continue growing at the average annual rate of 4 percent and as much as 7 percent of the world’s population will participate in international travel over the next decade.

As the Western baby boom generation reaches retirement age, the market for both medical and health and wellness tourism is growing. Tourists are increasingly looking for travel offering relaxation, healthy nutrition, gentle physical activity, beauty and wellness.

This orientation towards health, activity and consumption corresponds to the spirit of the time, whereby this trend is not only due to the demographic development, under which the population is becoming older and thus the need for medical services rises. The trend is oriented towards the entire population, the seniors and the young persons, who demand a healthier life style and better well-being.

Stress in everyday life has led to an acute need to recover in a “well-being” atmosphere far from the everyday environment. This development is bringing benefits to the health tourism industry and is translating into added opportunities for new trends like medical tourism.