NEWS: MAY 9th, 2010
Press Release Source: Hawaiian Hospitality Group, Inc. On Sunday May 9, 2010, 8:30 pm EDT
HALEIWA, Hawaii, May 9 /PRNewswire-FirstCall/ -- Hawaiian Hospitality Group, Inc. (Pink Sheets:HHGI.pk - News), specializes in identifying private and public land holdings and entering into partnerships for the expert development and operation of eco-tourism facilities and sustainable recreational concessions. The company is a growing provider of sustainable land use solutions and is achieving its strategy to increase growth and revenue through the expansion of current operations.
Hawaiian Hospitality Group is evaluating green engineering products that conserve natural resources through passive solar design, solar power and rainwater collection systems. The company has entered into an agreement with Nabisolar, an international business based in Hawaii and Shanghai specializing in the field of alternative energy, including standard residential utility-connected systems, off-grid home systems with a battery back-up as well as large multi-phase commercial projects.
As an independent contractor, Hawaiian Hospitality Group will be a reseller of Nabisolar photovoltaic products. Driven by demand for renewable energy and advances in technology, the photovoltaic system is an emission-free source of electricity that converts solar radiation into direct current electricity and is one of the fastest growing energy technology alternatives in the world. Hawaiian Hospitality Group will collaborate with local companies that offer interconnected services to provide a full service system. The company will establish competitive pricing and utilize State and Federal Tax incentives while maximizing their customer's property value and reducing their carbon footprint.
Renee Leong, newly appointed President, is committed to expanding Hawaiian Hospitality Group's sustainable development projects and eco-friendly commercial operations. Ms. Leong will seek partnerships that utilize ecological engineered technology and services that offer green alternatives. Hawaiian Hospitality Group will also continue to focus on commercializing under-utilized costal properties while conserving the native habitat and restoring the ecosystem.
About Hawaiian Hospitality Group, Inc. (HHGI.PK)
Hawaiian Hospitality Group, Inc. is a growing provider of sustainable land use solutions and event services. The company draws on environmental engineering expertise to identify, design, develop and operate destination sites that provide environmental and commercial revitalization for Hawaii's coastal properties. Hawaiian Hospitality Group employs innovative approaches to land use that create profitable enterprises while restoring and preserving the beauty and natural resources of the Hawaiian Islands. The company generates revenue from venue fees, catering services, wedding planning and other services through its wholly owned subsidiary, Loulu Palm Estate LLC, while minimizing the ecological footprint of its operations.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. HHGI has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect HHGI's current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the HHGI's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. HHGI undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
