$Stock*Shop*Charts*News*Option$

[sublime]

Oncology Med, Inc.'s Merger Partner, Haz Holdings, Inc., in Negotiations to Acquire Four Hotel Properties in Midwest
Feb 7, 2007 6:00:00 AM
Copyright Business Wire 2007

SEATTLE--(BUSINESS WIRE)--

Oncology Med, Inc. (OTC: ONCM) ("Oncology Med" or the "Company"), today announced that its merger partner, Haz Holdings, Inc., a Delaware corporation ("Haz Holdings"), is in negotiations to acquire four full-service hotels throughout the Midwest, with a collective total of over 500 rooms. The total purchase price for the properties is expected to be approximately $10 million dollars. The Company and Haz Holdings are currently in the process of securing the financing for these acquisitions.

Karim Bhanji, CEO of Haz Holdings Inc., noted, "These properties are located in markets ideal for giving the Company a greater visibility in the Midwest."

The Company announced on February 5, 2007 that it has entered into an agreement to merge a wholly-owned subsidiary of the Company into Haz Holdings, Inc. The Company expects the merger to be completed sometime in March 2007.

About Haz Holdings, Inc.

Haz Holdings owns and manages three mid-scale, full-service hotels in the United States and Canada, under the brand names "Hotel Marquis & Suites" and "Marquis Inn & Suites." Its existing portfolio includes the 174-room Hotel Marquis and Suites Intercontinental Airport hotel in Houston, Texas, the 203-room Hotel Marquis Airport in San Antonio, Texas, and the Marquis Inn & Suites, a 30-room economy hotel with 70 recreational vehicle units in Edmonton, Alberta, Canada.

Management for Haz Holdings estimates its hotel portfolio current market value of $16 million dollars. Haz Holdings estimated 2006 year revenue of approximately $4 million dollars.

Additionally, Haz Holdings wholly-owns four subsidiary businesses: Mortgage and Financial Institute, LLC, an early stage mortgage broker in commercial and residential lending in Washington and Alaska, Nationwide Hotel Management, LLC, a hotel management company, KB Realty Group International, LLC, a commercial and residential real estate sales company, and Evergreen Sound Construction, LLC, a commercial and residential development company.

More information about Haz Holdings, Inc. can be found at http://www.hazholdings.com.

About Oncology Med, Inc.

Oncology Med, f/k/a Nannaco, Inc., previously provided surface cleaning, surface protection, surface restoration and other services to commercial and industrial businesses, as well as to owners of historical buildings. The company has subsequently sought to improve its financial position through the acquisition of, or merger with, companies capable of providing the best value to its shareholders.

NOTE: This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) the company's ability to manage its current merger transaction; (2) the company's limited operating history; (3) the company's ability to pay down existing debt; (4) the company's ability to secure necessary financing for its property acquisitions; (5) potential litigation by shareholders and/or former or current advisors against the company; (6) the company's ability to comply with federal, state and local government regulations and/or unforeseen changes in federal or and government regulations; and (7) the risks inherent in the investigation and consummation of the acquisition of a new business opportunity or other factors over which we have little or no control.

Source: Haz Holdings, Inc.

----------------------------------------------

For Haz Holdings
Inc.
Media & Investor Relations:
18KT.TV
LLC D/B/A EquityDigest.com
Joseph Malone
786-375-0556
[e-mail]