SOURCE: Haz Holdings, Inc.

August 14, 2007 09:23 ET

HAZ Holdings, Inc. Reports 2nd Quarter Sales Increases for Houston Monarchy & Suites Location

FEDERAL WAY, WA--(Marketwire - August 14, 2007) - HAZ Holdings, Inc. (PINKSHEETS: HAZH), which has an expanding ownership portfolio of hotel properties, today reported increased sales at the company's Hotel Monarchy & Suites location in Houston, Texas for the 2nd quarter of the 2007 calendar year as compared to the 2nd quarter of 2006.

Occupancy at the Houston Hotel Monarchy & Suites has increased, with rooms sold for the period ended June 30, 2007 up 14.5% over the same period in 2006. Sales at The Woods restaurant located inside the hotel were 28% higher than in 2006. Meeting and banquet revenues increased by 85% over the 2006 2nd quarter numbers. Contract business was up almost 30% over the previous year, and group business increased by 52% over 2006.

Dr. Karim Bhanji, chief executive officer of HAZ Holdings, commented, "We are pleased to see the sales increases at our Houston Hotel Monarchy & Suites location for the 2nd quarter of this year. We believe that this improvement in financial performance is a direct result of the HAZ Holdings' business strategy and our management of the property. As a result, we expect that all of the properties in our hotel portfolio will consistently show quarter-over-quarter and year-over-year improvements in sales, and this improvement will help us to deliver value to our shareholders."

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" ( 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 (, 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 (, a global travel booking engine.

This press release may contain "forward-looking statements." Although HAZ Holdings believes that the expectations reflected in any forward-looking statements are reasonable, the company 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

    Media & Investor Relations:
    Joseph J. Malone