Northampton Group Inc.

Northampton Group Inc.

March 11, 2005 15:44 ET

Northampton Replaces Options for Officers and Directors


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NORTHAMPTON GROUP INC.

TSX VENTURE SYMBOL: NHG
TSX VENTURE SYMBOL: NHG.DB

MARCH 11, 2005 - 15:44 ET

Northampton Replaces Options for Officers and Directors

TORONTO, ONTARIO--(CCNMatthews - March 11, 2005) - Northampton Group
Inc. (TSX VENTURE:NHG)(TSX VENTURE:NHG.DB), an integrated Canadian
hotelier, today announced that it has granted its officers and directors
stock options, replacing an earlier incentive option program.

The new program consists of 1,300,000 options exercisable at $0.80, and
replaces options exercisable at $0.65, granted in 1999, which expired in
2004 without being exercised. The new options, which were implemented as
of March 8, 2005, vest immediately, and will expire on March 31, 2008.

"Despite the fact that Northampton offers a dividend with a yield of
more than three percent, we are still a growth company," said Vinod
Patel, Northampton's president and CEO. "The renewal of our option
program reflects that fact. The options are both recompense and
incentive for our focused and committed senior team, enabling them to
share more completely in the rewards associated with the growth and
expansion of our company."

About Northampton

Northampton Group Inc. is an integrated Canadian hotelier with ownership
and management interests in 2058 rooms in 16 hotels. 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, as
evidenced by Hotelier Magazine's Top Growth awards for Northampton's
fiscal 2003 and 2004.

Shares Outstanding: 20,830,859

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Northampton Group Inc.
    Vinod Patel
    President & CEO
    (905) 629-9992
    (905) 629-9636 (FAX)
    The Canadian Venture Exchange has neither approved nor disapproved the
    contents of this press release.