Executive Inn Group Corporation

Executive Inn Group Corporation

April 06, 2006 15:05 ET

Executive Receives Termination Notice

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 6, 2006) - Executive Inn Group Corporation (TSX VENTURE:EIG), operator of the Executive Hotels and Resorts lodging chain, advises all shareholders of the following:

Executive Inn Group Corporation (the "Company") wishes to advise shareholders that on April 5, 2006 the Company received written notification from its largest client Sanoor Investments Ltd., controlling shareholder of the Executive branded hotels in Coquitlam, Burnaby, Vancouver and Richmond, British Columbia, that Sanoor will be terminating its hotel management and franchise agreements with the Company effective 2008 as per the terms of those agreements.

The Sanoor portfolio contains significant room count and provides significant revenue to the Company and if and when such termination occurs, there may be a material adverse effect on the Company's financial performance.

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.

Contact Information