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Haldane McCall Plc plans to acquire hotels in Gambia By translation[email protected] (IRW-PRESS)
Haldane McCall Plc plans to acquire hotels in Gambia

Expansion in the tourism sector

Douglas, Isle of Man, 9. November 2012: Haldane McCall PLC (Frankfurt: WKN A1J3U8, HMK1), a European company that invests in emerging markets in Africa, plans to acquire hotels in Gambia.

In recent days, the company has successfully presented his Suru Express and Best Western Hotels at the World Travel Market in London. Interest in Nigeria's hotel was enormous. In addition to the presentation of its hotels for the company was the acquisition of further hotels in Africa to develop its own brands in the foreground.

Numerous conversations with African hotel operating authorities were carried on who must be continued during the coming weeks now and be brought successfully to the conclusion. With two attractive beach hotels in Gambia with 400 beds and 160 beds the company has already come to an agreement on the fair and plans the acquisition for the first quarter in 2013.

With the acquisition of these two hotels on the beach in Gambia, the company would not only increase its revenues significantly, but would also expand alongside existing business hotels in the emerging tourism sector.

Edward Akinlade, CEO and chairman of Haldane McCall: "All of us here at Haldane McCall are excited about the newfound opportunities and promising response at the WTM in London. Now we have to work hard on the implementation of the ambitious business goals. "

Furthermore Haldane McCall expected after already submitting all documents made for other German stock exchanges shortly invitation dates to bring the applied Listings to the conclusion with personal presentations.

In this dialogue, CEO Edward Akinlade stresses the enormous importance of a multiple listings, in order to increase future marketability by confidence and shareholder value.

Further announcement will be made by the company.

About HMK

Haldane McCall PLC is a European Company investing in emerging markets, primarily in Africa. HMK invests in real estate in the low cost housing segment in West Africa. The Group operates the Best Western hotel brand in West Africa. The Company owns Best Western hotels and controls several others via franchise licensing in Nigeria. HMK operates own Suru Express hotels in West Africa. HMK has dedicated subsidiaries for real estate (Suru Homes Ltd.) and dedicated financial services (Prolific Micro Finance Bank Ltd.) to provide a full package -from financing to sale- to the lower income population in Africa. In addition HMK invests in real estate and hotels in selected European metropolises.

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Safe Harbor Statement; The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time.

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