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Exhibit 99
DREAMLIFE $1.5 MILLION SHORT-TERM LOAN EXTENDED
NEW YORK - November 29, 2000- On November 28, 2000, Dreamlife (OTCBB: DLIF)
secured an extension of its $1.5 million line of credit from The Chase Manhattan
Bank until January 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. Dreamlife executed a new $1.5 million promissory note on November 28,
2000 with substantially the same terms and conditions as the October 25, 2000
promissory note except that the note is due, along with interest incurred, on
January 31, 2001. 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 19.1% stockholder of Dreamlife, provides credit
support for the line of credit.
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 or AOL Keyword: Dreamlife.
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.
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