ST. PETERSBURG, Fla., Jan. 4, 2005 (PRIMEZONE) -- National Hospitality Group, Inc. (Pink Sheets:NHGP) is pleased to announce that they have been featured on Wallstreetcorner.com. In his interview with Larry Oakley, National Hospitality Group, Inc. President Damian Guthrie stated, "National Hospitality Group's wholly owned subsidiary, Tampa Bay Mortgage Solutions, Inc., specializes in offering our customers 'hassle-free' hard equity loans."
Wallstreetcorner.com reported that Tampa Bay Mortgage Solutions has a solid management team and that the company will operate in a profitable niche market. Tampa Bay Mortgage Solutions will make one to two year loans (up to 65% of asset value) at twelve to eighteen percent interest, in amounts from $50,000 to $1 Million. The high rates are acceptable because the company can act fast -- in some cases within twelve hours.
"My opinion is that this fresh new company has an excellent chance of prospering. Tampa Bay Mortgage Solutions has already announced that they will expand their lending area to include the I-4 corridor from Tampa to Orlando," stated Larry Oakley, Wallstreetcorner.com.
"The loans we offer our customers involve less red tape and fewer restrictions than regular bank loans," stated National Hospitality Group President Damian Guthrie.
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."
For Larry Oakley's complete article visit www.wallstreetcorner.com.
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.