SOURCE: Haz Holdings, Inc.

June 08, 2007 12:48 ET

Haz Holdings, Inc. Hotels Monarchy & Suites Chosen as Preferred Hotels

FEDERAL WAY, WA--(Marketwire - June 8, 2007) - Haz Holdings, Inc. (PINKSHEETS: HAZH) ("Haz Holdings" or the "Company") today announced that Amnet USA travel groups tour company has chosen Hotel Monarchy & Suites as their preferred hotel of choice for their guests in Houston and San Antonio. The travel group brings guests from the far east.

"We are very excited in accommodating guests from Amnet USA travel groups..." David Williams, Director of Franchise Sales and Marketing fro HAZ Holdings Inc.

The Company's primary business is ownership and management of hotel properties. The Company wholly owns three family friendly mid-range business hotels operating under the brand names "Hotel Monarchy & Suites" and "Monarchy Inn & Suites" (www.hazhotels.com). Its existing portfolio consists of the 174-room Hotel Monarchy and Suites Intercontinental Airport hotel in Houston, Texas, the 203-room Hotel Monarchy Airport in San Antonio, Texas, and the Monarchy Inn & Suites, a 30-room economy hotel with 70 recreational vehicle units in Edmonton, Alberta, Canada.

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. Near-term strategy is to acquire properties at below replacement value and leverage its holdings toward further expansion.

The Company's portfolio also includes the following wholly owned subsidiaries: Mortgage and Financial Institute, LLC ( www.mfibanking.com ), 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.

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."

NOTE: This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we 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 we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) the company's ability to manage its current merger transaction; (2) the company's limited operating history; (3) the company's ability to pay down existing debt; (4) the company's ability to secure necessary financing for its property acquisitions; (5) potential litigation by shareholders and/or former or current advisors against the company; (6) the company's ability to comply with federal, state and local government regulations and/or unforeseen changes in federal or and government regulations; and (7) the risks inherent in the investigation and consummation of the acquisition of a new business opportunity or other factors over which we have little or no control.

Contact Information

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