Hawaii's Universal Appeal and Strength for Growth in Conventions and Corporate Events Improves Hawaiian Hospitality Group, In...
October 14 2011 - 4:30PM
Marketwired
Hawaii is not just for dream vacations, honeymoons and surfing
anymore. Hawaii is also a premier destination for meetings and
conventions. Hawaiian Hospitality Group, Inc. (PINKSHEETS: HHGI), a
growing provider of wedding and event services as well as
sustainable land use solutions, has bolstered its viability to host
corporate event and business functions for groups wanting to make
the most of their meeting experience. HHGI has seen an increase in
bookings throughout the first and second quarter of 2011 and posted
a second quarter net operating profit due to increased sales
activities.
HHGI's flagship property, Loulu Palm Estate, on the North Shore
of Oahu, has been a popular destination wedding site since it began
operations in 2009, in addition to an immediate cash flow from
venue fees and event services. Supported by that success, HHGI
broadened its range of services earlier this year to include, among
others, seminars, conferences, executive retreats and employee
incentive, motivation and appreciation events.
HHGI's timing is validated by the fact that Honolulu, HI, will
host the 2011 Asia Pacific Economic Cooperation Leader's Meeting
("APEC") and showcase Hawaii as an ideal setting for serious
business meetings. According to the Hawaii Visitors and Convention
Bureau September 2011 news release, APEC is the "most important
business meeting convention in Hawaii's history." In fact,
President Barack Obama will attend, along with twenty (20) other
heads of state from Pacific Rim nations and 20,000 international
delegates, including finance ministers, diplomats, policy-makers
and major CEOs. APEC draws such power figures because its impact is
global: its 21 member economies account for 40% of the world
population, 54% of the world gross domestic product, and 44% of
world trade.
"We're very excited about what APEC means for Hawaii's corporate
meeting business and our position in the global corporate event
market," said Linda Kress, CEO of Hawaiian Hospitality Group. "It
can only mean that even more business leaders discover Hawaii's
universal appeal and our genuine Aloha spirit."
This Press Release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. HHGI has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect HHGI's current
beliefs and are based upon information currently available to it.
Accordingly, such forward-looking statements involve known and
unknown risks, uncertainties and other factors which could cause
the HHGI's actual results, performance or achievements to differ
materially from those expressed in or implied by such statements.
HHGI undertakes no obligation to update or advise in the event of
any change, addition or alteration to the information catered in
this Press Release including such forward-looking statements. Since
our common stock is considered a "penny stock" we are ineligible to
rely on the safe harbor for forward-looking statements provided in
Section 27A of the Securities Act of 1933, as amended (the
"Securities Act"), and Section 21E of the Securities and Exchange
Act of 1934, as amended (the "Exchange Act").
Contact: Hawaiian Hospitality Group, Inc. Investor
Relations 1-888-344-4933 info@hawaiianhospitalitygroup.com
www.hawaiianhospitalitygroup.com
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