Inspiration Hlt Regulatory News (IHC)

5 Jan 2007 13:44

India Hospitality Corp.05 January 2007 FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT: Investor Relations Contact:William Schmitt203-682-8200 India Hospitality Corporation to present at the Ninth Annual ICR XChange Conference New York, NY. - January 5, 2007 - India Hospitality Corp. (LSE: IHC), todayannounced that the Company will be presenting at the Ninth Annual ICR XChangeConference on Wednesday, January 10, 2007 at the St. Regis Monarch Beach Resort& Spa in Dana Point, CA. The presentation will begin at 9:25 AM Pacific Time. Investors and interested parties may listen to the webcast of thesepresentations by visiting the ICR website at http://www.icr-online.com/xchange/x9/attendee/webcast.htm at the appropriatetimes. About India Hospitality Corp. India Hospitality Corp. is a Special Purpose Acquisition Corporation (SPAC)created to initially pursue partnerships only of an Indian business, businessesor assets focused on the hospitality, leisure, tourism, travel and relatedindustries, including but not limited to hotels, resorts, timeshares, servicedapartments and restaurants. While the Company's potential partnerships couldcome from any of these sectors, the primary focus will be on the hospitalityindustry. It expects to initially pursue these initiatives only in India. In August 2006, the Company raised $100 million in an IPO and is listed on theAlternative Investment Market, "AIM", a market operated by the London StockExchange, under the ticker IHC. The Company is sponsored by Hayground Cove AssetManagement LLC, a New York-based investment management firm with approximately$2.0 billion under management. Jason Ader, the Company's Chief ExecutiveOfficer and Chairman of the Board is the Chief Executive Officer of HaygroundCove Asset Management. Mr. Ader has a strong background in the leisure andhospitality industries. Prior to founding Hayground Cove, he was Senior ManagingDirector at Bear Stearns & Co., Inc., supervising coverage of the lodging andhospitality industry and was a top ranked analyst by Institutional InvestorMagazine's All-American Research Team for nine consecutive years. This press release contains certain forward-looking statements. Statementscontaining expressions such as "may," "will," "project," "might," "expect,""believe," "anticipate," "intend," "could," "would," "estimate," "potential,""continue," or "pursue," or the negative or other variations thereof orcomparable terminology used in India Hospitality Corp.'s press releases and inits reports filed with the Securities and Exchange Commission are intended toidentify forward-looking statements. These forward-looking statements, which areincluded in accordance with the Safe Harbor provisions of the Private SecuritiesLitigation Reform Act of 1995, may involve known and unknown risks,uncertainties and other factors that may cause India Hospitality Corp.'s actualresults and performance in future periods to be materially different from anyfuture results or performance suggested by the forward-looking statements inthis press release. Although India Hospitality Corp. believes the expectationsreflected in such forward-looking statements are based upon reasonableassumptions, it can give no assurance that actual results will not differmaterially from these expectations. These risks, uncertainties and other factorsare discussed in India Hospitality Corp.'s final prospectus, copies of which areavailable from the Company upon request. Readers are cautioned not to placeundue reliance on forward-looking statements, which speak only as of the date ofthis press release. India Hospitality Corp. does not undertake, and specificallydisclaims any obligation, to publicly release the result of any revisions thatmay be made to any forward-looking statements to reflect the occurrence ofanticipated or unanticipated events or circumstances after the date of suchstatements. This information is provided by RNS The company news service from the London Stock Exchange