World Financial Holding Group (WFHG)

[Frzframe]

Karrington Holdings Corp. Announces Potential Prague Hotel Acquisition
Karrington Holdings Corp. (NQB-EQS KGHC), announced today that the founder and CEO of the Corp., R. Revell Murphy, has successfully completed meetings in Prague with international bankers and investors discussing the possible acquisition in Prague of a fully operational group of hotels.
Prague represents one of the most exciting emerging markets in the EU, and provides stability and security as a member of NATO, and as a member of the EU since April 2004. Prague is being evaluated at this time to join the Euro currency in 2010. At this time, Prague represents an opportunity for investor involvement into a safe and secure environment in the tourism and business sector relating to the hotel and hospitality aspects of European growth.

In this central European capital, Karrington has become familiar with the availability for acquisition of a select group of fully operational hotels. These hotels represent an opportunity for Karrington to apply sound business structure and management to significantly enhance the utilization, occupancy, and net profitability for Karrington shareholders.




2005-05-04 Development