SOURCE: Haz Holdings, Inc.

October 02, 2007 15:20 ET

HAZ Holdings, Inc. Releases Premier Issue of Monthly Newsletter Highlighting Initial Efforts to Achieve Fully Reporting Status

Shareholders Are Encouraged to Subscribe to Email Alert System to Receive Future Newsletters and Press Releases

FEDERAL WAY, WA--(Marketwire - October 2, 2007) - HAZ Holdings, Inc. (PINKSHEETS: HAZH), which manages a portfolio of full-service hotels, has released the premier issue of its monthly investor newsletter, which reviews the important events disclosed within the previous month. The newsletter is another element of the company's market communications program and is designed to augment the information available to shareholders and a broader public audience.

A PDF version of each newsletter will be posted to the "Investors" section of the HAZ Holdings website at http://investors.hazholdings.com/newsletters.php.

The October 2007 newsletter edition, which has been posted to the website, includes several articles related to the business strategy of HAZ Holdings, including the planned expansion of the company's hotel ownership portfolio and work to bring the company current with its financial reporting. HAZ Holdings is currently evaluating additional potential hotel acquisitions to attain a future valuation that will attract institutional investors. This asset value, coupled with fully reporting status that is expected to be gained in cooperation with Javelin Advisory Group, business consulting firm that specializes in financial reporting and SEC filings, are significant aspects of the company's efforts to improve its position in the public markets.

Additional articles cover the completion of the Phase II renovation of the Hotel Monarchy & Suites property in Houston, Texas, which consisted of upgrades to the guest rooms, and the engagement of a hotel appraiser specialist to conduct appraisals of its domestic hotel holdings in order to establish the current asset value of the company's hotel ownership portfolio.

"We hope that shareholders find our monthly newsletters to be an effective tool to track the progress of the company, especially as it executes its strategy to expand its hotel ownership portfolio," stated Dr. Karim Bhanji, CEO of HAZ Holdings, Inc. "Communicating through a variety of media will become even more critical once HAZ Holding achieves fully reporting status, but having this newsletter in place now will help us to broaden awareness of the company in the public markets."

Shareholders and anyone interested in following the progress of the company are encouraged to subscribe to the company's mailing list located at http://investors.hazholdings.com/ealert.php, through which HAZ Holdings disseminates newly disclosed information, including press releases, notices of SEC filings, investor newsletters and other material, to subscribers directly by email.

About HAZ Holdings, Inc.

HAZ Holdings owns and manages three mid-scale, full-service hotels in the United States and Canada, under the brand names "Hotel Monarchy & Suites" and "Monarchy Inn & Suites" (www.hazhotels.com). HAZ Holdings' five-year business plan is to increase its hotel ownership portfolio by acquiring hotel properties that range in size from 100-300 rooms per property, while concurrently franchising additional hotels under its brand names. The Company's portfolio also includes the following wholly owned subsidiaries: Mortgage and Financial Institute, LLC (www.mfibanking.com), a mortgage brokerage company specializing in commercial and residential lending in Washington and Alaska; Nationwide Hotel Management, LLC, a hotel management company; KB Realty Group International LLC, a commercial and residential real estate sales company; Evergreen Sound Construction, LLC, a commercial and residential development company; and DoTravelDeals (www.dotraveldeals.com), a global travel booking engine.

This press release may contain "forward-looking statements." Although we believe that the expectations reflected in any forward-looking statements are reasonable, HAZ Holdings cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which HAZ Holdings bases its predictions and/or forward-looking statements could materially affect its actual results.

Contact Information

  • CONTACT:
    Gemini Financial Communications
    A. Beyer
    951-677-8073
    Email Contact