Haz Holdings Enters into Letter of Intent to Acquire a Hotel in Ohio

  
    
  
  
    
      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 
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      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.