Earlier this month, Haz Holdings and Oncology Med Inc., also aSeattle-area company traded on the OTCBB, completed a reversemerger where in Haz Holdings shares were converted to Oncology Medshares and Oncology changed its name to Haz Holdings. The combinedcompany owns three mid-range business hotels--two in Texas and onein Canada--operating under the brand names "Hotel Marquis &Suites" and "Marquis Inn & Suites." Management estimates itshotel portfolio current market value of $16 million and its 2006revenue at $4 million dollars.

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Bhanji said at the time that the merger will allow the companyto focus on its goal of acquiring up to 75 corporate-ownedproperties and franchising its corporate hotel brand to 155properties throughout North America over the next five years. Thecompany is looking to acquire hotels with between 100- and 300rooms while also franchising additional hotels under its brandnames. Bhanji says the company's near-term strategy is to acquireproperties at below replacement value and leverage its holdingstoward further expansion.

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In February, Oncology Med Inc. said its Haz Holdings was innegotiations to acquire 500 additional rooms in four full-servicehotels throughout the Midwest for $10 million. A company sourcetells GlobeSt.com those negotiations are ongoing. Last week, itentered into a letter of intent a 100-room hotel in Ohio that maymove forward more quickly, according to the source.

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As for its existing properties--the 174-room Hotel Marquis andSuites Intercontinental Airport hotel in Houston, the 203-roomHotel Marquis Airport in San Antonio and the 30-room Marquis Inn& Suites in Edmonton, Alberta, which includes 70 spots forrecreational vehicles--Haz Holdings recently announced agreementswith Air France, American Airlines, China Airlines and ContinentalAirlines to provide accommodations to stranded air travelers fromGeorge Bush Intercontinental Airport (Houston) and San AntonioInternational Airport.

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In addition to its hotels, Haz Holdings portfolio includes thefollowing wholly-owned subsidiaries: Nationwide Hotel ManagementLLC, a hotel management company; KB Realty Group International LLC,a commercial and residential real estate sales company; EvergreenSound Construction LLC, a commercial and residential developmentcompany; and DoTravelDeals.com (www.dotraveldeals.com), a globaltravel booking engine.

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