ST. PETERSBERG, Fla., Feb. 1, 2005 (PRIMEZONE) -- National Hospitality Group, Inc. (Pink Sheets:NHGP) announced today that the Company's President, Damian Guthrie, is currently featured in an on-line interview at MacReport.Net. Mr. Guthrie said Tampa Bay Mortgage Solutions, a wholly owned subsidiary of National Hospitality Group, has rates on loans between 12 and 18% plus points.
Mr. Guthrie feels that "Dips in the real estate market in Florida will be minimal, due to the influx of immigration, especially from retirees moving to the region."
Mr. Guthrie also stated additional reasons why he felt Tampa Bay Mortgage will be successful, such as shorter approval process (most cases within 24 hours), and that the company is interested in the quality of the assets and not necessarily the credit rating of the borrowers. He also stated that Tampa Bay Mortgage only lends at a 65% loan to value ratio and the lengths of the loans are limited to two years.
"Through my ten years experience in industrial and residential development, it is our goal to make the lending process hassle free for our customers," stated National Hospitality Group President, Damian Guthrie.
To listen to the interview in its entirety, please go to www.MacReport.Net.
About National Hospitality Group, Inc.
The National Hospitality Group, Inc. operates through its wholly owned subsidiary Tampa Bay Mortgage Solutions, Inc., which is a direct lender specializing in short-term asset-based lending. The company specializes in acquisition financing, construction loans, and lines of credit for builders. The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The specialty of the company is "hassle free hard equity loans."
About MacReport.Net
The MacReport.Net is an information and media company that provides a Web- based forum for public and private issuers to communicate corporate audio and video news content to the business, financial and investing community through its Web site, located at http://www.macreport.net. The MacReport.Net also plans to provide creative and production services to develop visual events ranging from live coverage of merger announcements to public relations campaigns to new product introductions.
Safe Harbor
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.