PHOENIX, May 1, 2013 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE:IHT) reported Consolidated Net Loss was $1.076 million for the fiscal year ended January 31, 2013 compared to $1.448 million in the prior year, an increase of $370,000 or 25%. Included is non-cash depreciation of approximately $1.7 million for each fiscal year.
InnSuites Hospitality Trust (NYSE:IHT) announced that its 2013 annual meeting of shareholders will be held at the InnSuites Hospitality Trust's Corporate Office, 1625 E. Northern Avenue, Suite #105, July 25, 2013, at 10:00 A.M., local time. The Board of Trustees has set May 29, 2013 as the record date for the annual meeting.
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 2013||Phone: 602-944-1500|
|FULL YEAR RESULTS|
|FOR FURTHER INFORMATION:|
|Marc Berg, Executive Vice President|
Source:InnSuites Hospitality Trust