HAZH Haz Holdings Inc (CE)

Haz Holdings, Inc. (OTC:HAZH) (�Haz Holdings� or the �Company�), announced today that it has entered into a letter of intent (�LOI�) to acquire a hotel in Ohio. The hotel, with over 100 newly renovated guest rooms, offers an outdoor pool, high speed internet access, Business Center, laundry, meeting and banquet facilities, and a complimentary continental breakfast. Upon completion of the acquisition, the hotel will be brought under the �Hotel Marquis & Suites� brand. The Company plans to announce more details once the terms are finalized. Karim Bhanji, CEO of Haz Holdings, �We are pleased to have entered this LOI and look forward to adding another �Hotel Marquis & Suites� to our brand portfolio.� About Haz Holdings, Inc. The Company�s primary business is the ownership and management of hotel properties in the United States and Canada. The Company wholly-owns three family friendly mid-range business hotels operating under the brand names �Hotel Marquis & Suites� and �Marquis Inn & Suites� (www.hazhotels.com). The Company�s portfolio also includes the following wholly-owned subsidiaries: Mortgage and Financial Institute, LLC (www.mfibanking.com), 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.com (www.dotraveldeals.com), a global travel booking engine. More information about Haz Holdings, Inc. can be found at http://www.hazholdings.com 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.