PHOENIX, Oct. 15, 2013 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE MKT:IHT)
In view of the unusual market activity in InnSuites Hospitality Trust's stock on Monday October 14, 2013, the NYSE MKT contacted InnSuites Hospitality Trust in accordance with its usual practice.
As previously reported, InnSuites Hospitality Trust reported an increase of $325,000 of Consolidated Net Income for the first six months of 2014 fiscal year ended July 31, 2013 compared to the first six months of the prior fiscal year. The Company continues to expand the Inndependent Boutique Collection (IBC) to 145 hotels representing 11,221 rooms.
InnSuites Hospitality Trust stated that its policy is not to comment on unusual market activity.
With the exception of historical information, the matters discussed in this news release may include "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance due to numerous risks and uncertainties and are described in greater detail in our filings with the Securities and Exchange Commission. Although we believe our current expectations to be based upon reasonable assumptions, we can give no assurance that our expectations will be attained.
|NEWS BULLETIN||RE: INNSUITES HOSPITALITY TRUST|
|FROM||INNSUITES HOTEL CENTRE|
|INNSUITES HOSPITALITY TRUST||1625 E. NORTHERN AVENUE, # 105|
|NYSE MKT:IHT||Phoenix, Arizona 85020|
|FISCAL 2014||Phone: 602-944-1500|
|IHT Policy Not to Comment on Unusual Market Activity|
|FOR FURTHER INFORMATION:|
|Marc Berg, Executive Vice President|
Source:InnSuites Hospitality Trust