Hawaiian Hospitality Group Updates Shareholders on Successful Property Development, Ongoing Revenue and Strategy for Further Growth

HALEIWA, Hawaii, April 12 /PRNewswire-FirstCall/ -- Hawaiian Hospitality Group, Inc. (Pink Sheets: HHGI), a growing provider of sustainable land use solutions and event services, is pleased to provide shareholders with an update on the execution of its growth strategy. Hawaiian Hospitality Group has successfully developed its first sustainable destination property, established an event business with ongoing revenue, and identified opportunities to increase revenue and profitability via additional venue acquisitions.

Scott Francis, President, Operations of Hawaiian Hospitality Group, commented: "Hawaiian Hospitality Group has developed a unique business strategy that creates a winning solution for local landowners, land management agencies, Hawaiian ecosystems, tourists and HHGI shareholders. We specialize in negotiating with landowners and public agencies, restoring and preserving native Hawaiian species, developing previously inaccessible properties, setting up sustainable eco-tourism destination facilities, employing green construction and conservation practices, and producing special events including weddings, corporate events and photo shoots. HHGI generates revenue via our development agreements and event services businesses, establishing commercial enterprises while preserving the beauty and environmental integrity of Hawaii's natural resources."

There are approximately two million acres of undeveloped, under-utilized public and private coastline throughout the Hawaiian Islands available for revitalization. Hawaiian Hospitality Group partners with private developers and works with local, state, and federal government entities like the Office of Conservation and Coastal Lands to design and operate environmentally friendly for-profit projects. The company negotiates workable development agreements and conservation easements that include native habitat and ecosystem restoration components along with unique recreational opportunities. The result is the fulfillment of government preservation mandates and the creation of income for Hawaiian Hospitality Group and landowner partners.

Hawaiian Hospitality Group successfully executed its strategy with its first development project, the Loulu Palm Estate on Oahu's North Shore coastline. The company transformed a beachfront plantation-style home into the North Shore's premier nature event destination. The site's main structure is being restored to its original 1941 elegance and the surrounding ecological habitat was revitalized into a harmonious private park and facility for commercial use. Loulu Palm Estate is host to weddings and corporate events and utilized as a film and production location. Captive Hawaiian Hospitality Group companies provide additional services including food catering and wedding planning to maximize revenue.

Last year the company booked more than 70 events at Loulu Palm Estate. Hawaiian Hospitality Group expects to significantly increase the number of bookings, range of service offerings and price selections this year.

Mr. Francis continued: "Bookings and revenue at our Loulu Palm Estate venue are increasing and we expect to expand sales and improve profitability significantly this year. Hawaiian Hospitality Group has the environmental engineering experience, relationships with government agencies, and event expertise required to expand on our success at Loulu Palm and apply our business model to other properties and development opportunities. We believe this will be a year of tremendous growth for HHGI and our shareholders."  

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 generate 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 on the destination sites it develops, maximizing value 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.

SOURCE Hawaiian Hospitality Group, Inc.