Inspiration Hlt Regulatory News (IHC)

19 Sep 2007 15:52

India Hospitality Corp.19 September 2007 For Immediate Release 19 September 2007 India Hospitality Corp. to Present at the PiperJaffray Second Annual London Consumer Conference on September 26, 2007 New York, NY. - September 19, 2007 - India Hospitality Corp. (LSE: IHC, IHC orIndia Hospitality), today announced that the company will be presenting at thePiperJaffray Second Annual London Consumer Conference on Wednesday, September26, 2007 at The Great Eastern Hotel in London. The presentation will begin at 2:30 PM UK Time, and will be webcast live from the Company's website atwww.indiahospitalitycorp.com, under the investor relations section. About India Hospitality Corp. IHC was created as a blank-check company to acquire Indian businesses or assetsin the hospitality, leisure, tourism, travel and related industries, includingbut not limited to hotels, resorts, timeshares, serviced apartments andrestaurants. In August 2006, IHC raised US $103 million in an IPO and private placement andis listed on AIM, a market operated by London Stock Exchange plc, under theticker IHC. The Company was sponsored and advised by Hayground Cove AssetManagement LLC, a New York-based investment management firm with approximatelyUS $1.9 billion in assets under management. In July 2007, IHC closed on the acquisition from Navis Capital Partners and itsAffiliates of India-based Mars Restaurants Private Limited (MRPL or Mars), anemerging hotel and restaurant company, and SkyGourmet Catering Private Limited (SCPL or SkyGourmet), an airline catering company operating out of four locationsin India. About Mars and SkyGourmet Since its incorporation in 2000, Mars has diversified into bakery outlets andoperating and managing food courts and hotels. SkyGourmet was incorporated in2002 and is headquartered in Mumbai. SkyGourmet currently provides inflightcatering services to a number of domestic and international airlines, includingJet Airways, Kingfisher Airlines, Air India Express, Indian Airlines, MalaysianAirlines and Air France. It has operations in Mumbai, Bangalore, New Delhi andPune. For the nine months ended December 31, 2006, the combined entities hadaudited revenues of approximately US $18.9 million and 1,700 employees. For Further Information Contact:Investor Relations Contact: ICR Inc. 203-682-8200 William SchmittMedia Contact: Buchanan Communications +44 207 466 5000 Richard Darby, Isabel PoddaNominated Adviser and Broker: Deutsche Bank +44 20 7545 8000Mumtaz Naseem Deutsche Bank AG is authorised under German Banking Law (competent authority:BaFin - Federal Financial Supervising Authority) and with respect to UKcommodity derivatives business by the Financial Services Authority; regulated bythe Financial Services Authority for the conduct of UK business. Deutsche Bankis acting exclusively for IHC. and no-one else in connection with theacquisition and related transactions and other matters referred to in thisannouncement and will not be responsible to anyone other than IHC. for providingthe protections afforded to clients of Deutsche Bank AG nor for providing advicein relation to the acquisitions and related transactions or any matter referredto in this announcement. Deutsche Bank is IHC's nominated adviser and broker for the purposes of the AIMRules for Companies. Its responsibilities as IHC's nominated adviser and brokerunder the AIM Rules for Nominated Advisers are owed solely to London StockExchange 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 orwarrants to purchase or subscribe for ordinary shares or warrants of IHC isbeing made by this announcement. This information is provided by RNS The company news service from the London Stock Exchange