Inspiration Hlt Regulatory News (IHC)

5 Jan 2007 13:40

India Hospitality Corp. (LSE: IHC), today announced that theCompany will be presenting at the Ninth Annual ICR XChange Conferenceon Wednesday, January 10, 2007 at the St. Regis Monarch Beach Resort &Spa in Dana Point, CA. The presentation will begin at 9:25 AM PacificTime. £ Investors and interested parties may listen to the webcast ofthese presentations by visiting the ICR website athttp://www.icr-online.com/xchange/x9/attendee/webcast.htm at theappropriate times. £ About India Hospitality Corp. £ India Hospitality Corp. is a Special Purpose AcquisitionCorporation (SPAC) created to initially pursue partnerships only of anIndian business, businesses or assets focused on the hospitality,leisure, tourism, travel and related industries, including but notlimited to hotels, resorts, timeshares, serviced apartments andrestaurants. While the Company's potential partnerships could comefrom any of these sectors, the primary focus will be on thehospitality industry. It expects to initially pursue these initiativesonly in India. £ In August 2006, the Company raised $100 million in an IPO and islisted on the Alternative Investment Market, "AIM", a market operatedby the London Stock Exchange, under the ticker IHC. The Company issponsored by Hayground Cove Asset Management LLC, a New York-basedinvestment management firm with approximately $2.0 billion undermanagement. Jason Ader, the Company's Chief Executive Officer andChairman of the Board is the Chief Executive Officer of Hayground CoveAsset Management. Mr. Ader has a strong background in the leisure andhospitality industries. Prior to founding Hayground Cove, he wasSenior Managing Director at Bear Stearns & Co., Inc., supervisingcoverage of the lodging and hospitality industry and was a top rankedanalyst by Institutional Investor Magazine's All-American ResearchTeam for nine consecutive years. £ This press release contains certain forward-looking statements.Statements containing expressions such as "may," "will," "project,""might," "expect," "believe," "anticipate," "intend," "could,""would," "estimate," "potential," "continue," or "pursue," or thenegative or other variations thereof or comparable terminology used inIndia Hospitality Corp.'s press releases and in its reports filed withthe Securities and Exchange Commission are intended to identifyforward-looking statements. These forward-looking statements, whichare included in accordance with the Safe Harbor provisions of thePrivate Securities Litigation Reform Act of 1995, may involve knownand unknown risks, uncertainties and other factors that may causeIndia Hospitality Corp.'s actual results and performance in futureperiods to be materially different from any future results orperformance suggested by the forward-looking statements in this pressrelease. 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 notdiffer materially from these expectations. These risks, uncertaintiesand other factors are discussed in India Hospitality Corp.'s finalprospectus, copies of which are available from the Company uponrequest. Readers are cautioned not to place undue reliance onforward-looking statements, which speak only as of the date of thispress release. India Hospitality Corp. does not undertake, andspecifically disclaims any obligation, to publicly release the resultof any revisions that may be made to any forward-looking statements toreflect the occurrence of anticipated or unanticipated events orcircumstances after the date of such statements. Copyright Business Wire 2007