Last checked at 18 Jun 2008 07:00
India Hospitality Corp. to Announce Preliminary Results for the Fiscal Year
Ended March 31, 2008
LONDON, June 18 -- India Hospitality Corp. today announced that it will release preliminary operating results for the fiscal year ended March 31, 2008 on Monday, June 23, 2008. The company expects to release results after the closing bell of the London Stock Exchange on June 23. A conference call will follow at 12:00 PM EDT / 5:00 PM GMT to discuss the results for interested investors, analysts and portfolio managers.
The preliminary results are intended to give an update on the operating business as well as an update to the overall business climate in India. These results will be for the 12-month period ended March 31, 2008 for the acquired companies Mars Restaurants Private Limited and SkyGourmet Catering Private Limited, respectively. IHC expects to release audited results for the fiscal year ended March 31, 2008 within the coming weeks. These results will include an eight-month stub period for the acquired companies -- acquired in July 2007 -- as well as 15-month results for IHC.
To participate in the conference call, United States callers should dial the following number ten minutes prior to the scheduled time: (877) 545-1490. International callers should dial (719) 325-4884. This conference call will also be webcast live at http://www.indiahospitalitycorp.com in the Investor Relations section of the website. To listen to the live call, please go to the IHC website at least fifteen minutes prior to the start of the call to register, download and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available at 3:00 p.m. EDT on June 23, 2008, through June 30, 2008, at (888) 203-1112 (United States) or (719) 457-0820 (International); access code - 9793485. The replay will also be available shortly after the call on the IHC website.
About India Hospitality Corp.:
India Hospitality Corporation's mission is to acquire and successfully operate Indian businesses or assets in the hospitality, leisure, tourism, travel and related industries, including but not limited to hotels, resorts, timeshares, serviced apartments and restaurants.
IHC operates through two wholly owned subsidiaries, Mars Restaurants Private Limited -- an emerging hotel and restaurant company -- and SkyGourmet Catering Private Limited, a leading airline catering company. The companies are headquartered in Mumbai and have over 1,700 employees across their facilities in India.
Deutsche Bank AG is IHC's nominated adviser and broker for the purposes of the AIM Rules for Companies. Its responsibilities as IHC's nominated adviser and broker under the AIM Rules for Nominated Advisers are owed solely to London Stock Exchange plc and not to IHC, any director of IHC or any other person.
No offer or invitation to purchase or subscribe for ordinary shares in or warrants to purchase or subscribe for ordinary shares or warrants of IHC is being made by this announcement.
SOURCE India Hospitality Corp.
06/18/2008
CONTACT: Investor Relations Contact: William Schmitt of ICR Inc., +1-203-682-8200; or Media Contact: Harsh Wardhan of Mutual Image & Events Management Pvt. Ltd., +91-11-41416523; or Nominated Adviser and Broker: Mumtaz Naseem of Deutsche Bank AG, +44-20-7545-8000
Web site: http://www.indiahospitalitycorp.com
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