Northampton Group Inc.
TSX VENTURE : NHG
TSX VENTURE : NHG.DB

Northampton Group Inc.

October 21, 2008 08:30 ET

Northampton Announces Addition to Its Board

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2008) - The management and board of Northampton Group Inc. (TSX VENTURE:NHG)(TSX VENTURE:NHG.DB), an integrated Canadian hotelier, are pleased to announce a new appointment to the Company's board of directors, W. Keith Gray.

Mr. Gray has extensive experience in banking, including commercial and industrial lending, systems, and marketing. As well, he founded and managed two successful securities brokerage firms, and acquired and managed several other brokerages globally. Mr. Gray has served on the board of the Montreal Stock Exchange and the Canadian Depository for Securities, in addition to holding many public company and organizational board directorships.

"Northampton is very fortunate to have attracted a board member of Keith Gray's caliber," said Vinod Patel, Northampton's president and CEO. "His successes in the banking and brokerage industries will serve Northampton in good stead as we continue our expansion program with the marketing of the new Montreal Airport aloft™ brand hotel, and the building of further new concept hotels in the coming years."

About Northampton

Northampton Group Inc. is an integrated Canadian hotelier with ownership and management interests in 2,200 rooms in 17 hotels, with a selective strategic development program in place. Focused on creating the best return for all stakeholders, Northampton's proven, market-sensitive strategy is to acquire or build hotels that provide superior overnight accommodation in the mid-price market. Northampton has demonstrated that it excels in this sector, offering services that exceed expectations while still posting industry-leading margins.

Disclaimer:

This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Northampton's results to differ materially from expectations. Such risks may relate to hotel performance, market fluctuations, investee performance, and other risks more fully described in the Company's annual report, posted on the Company's website and on SEDAR. These forward-looking statements speak only as of the date hereof. Northampton Group disclaims any intent or obligation to update these forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Northampton Group Inc.
    Vinod Patel
    President and CEO
    (905) 629-9992