Executive Inn Group Corporation

Executive Inn Group Corporation

May 12, 2005 13:46 ET

Executive Inn Group Corporation: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 12, 2005) - Executive Inn Group Corporation (the "Company") (TSX VENTURE:EIG), operator of the Executive Hotels and Resorts lodging chain, advises all shareholders of the following:

In its continuing efforts to pursue growth, the Company wishes to advise shareholders that it has been involved in ongoing negotiations for the acquisition of a target company. The form of an acquisition has not yet been determined but could possibly involve a share exchange, a possible merger or possible sale of the Company as part of the contemplated transaction. The outcome and timing of these discussions is unknown at this time. The Company will keep the shareholders apprised of any developments in regard to these discussions.

These discussions have not resulted in any binding agreements or obligations at this time and can be discontinued by either party.

This press release contains "forward-looking statements" within the meaning of federal securities law, including statements concerning the occurrence of potential events which may not come to pass. Similar statements concerning anticipated future events and expectations are not historical facts.

The TSX Venture Exchange has neither approved or disapproved of the information contained herein.

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