HAZH Haz Holdings Inc (CE)

Haz Holdings, Inc. (OTC:HAZH) (�Haz Holdings� or the �Company�), announced the closing of the merger, effective March 15, 2007, between Haz Holdings Inc., a Texas corporation, f/k/a Oncology Med, Inc., and Haz Holdings, Inc., a Delaware corporation (the �Merger�), that, as a result of the Merger is now the wholly-owned and operating subsidiary of the Company. The Company originally announced the merger agreement on February 5, 2007. The Company�s primary business is the ownership and management of hotel properties. The Company wholly-owns three family friendly mid-range business hotels operating under the brand names �Hotel Marquis & Suites� and �Marquis Inn & Suites� (www.hazhotels.com). Its existing hotels consist of 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. Haz Holdings� five year business plan is to increase its ownership portfolio by acquiring 100-300 rooms hotel properties, while concurrently franchising additional hotels under its brand names. Near term strategy is to acquire properties at below replacement value and leverage its holdings toward further expansion. Haz Holdings recently announced agreements with Air France, American Airlines, China Airlines and Continental Airlines to provide accommodations to stranded air travelers departing from George Bush Intercontinental Airport in Houston, Texas and San Antonio International Airport in San Antonio, Texas. The Company�s portfolio includes wholly-owned subsidiaries: Mortgage and Financial Institute, LLC (www.mfibanking.com), a mortgage brokerage company specializing 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; Evergreen Sound Construction, LLC, a commercial and residential development company; and DoTravelDeals (www.dotraveldeals.com), a global travel booking engine. Karim Bhanji, CEO of Haz Holdings: �Now that the merger is complete, the Company can continue to focus on our goal of acquiring up to 75 corporate-owned properties and franchising our corporate hotel brand to 155 properties throughout North America over the next 5 years. We also look forward to the exposure this will bring as we seek to expand the Company�s other subsidiaries.� 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.� More information about Haz Holdings, Inc. can be found at http://www.hazholdings.com. 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.