Jameson Inns Reports No Significant Damage From Hurricane Katrina
August 30 2005 - 5:25PM
PR Newswire (US)
ATLANTA, Aug. 30 /PRNewswire-FirstCall/ -- Jameson Inns, Inc.
(NASDAQ:JAMS), a leading hotel company, and owner and operator of
Jameson Inn and Signature Inn hotels, today provided an update on
the status of its hotels which were recently impacted by Hurricane
Katrina. The Company has completed an assessment of the damage
sustained by its Jameson Inns located in the Southeast. The Company
has determined that none of its properties located in Alabama,
Florida, Louisiana or Mississippi experienced significant damage
due to Hurricane Katrina. There was no significant interruption of
its business and all of the hotels affected by the hurricane remain
open. Jameson Inns, Inc. owns and operates hotel properties in the
southeastern and midwestern United States. The Company has also
licensed 12 hotels to operate as Jameson Inns. There are currently
122 Inns (105 under the Jameson Inn brand and 17 under the
Signature Inn brand) with approximately 8,000 rooms operating in 13
states. Forward-Looking Statements Certain matters discussed in
this press release are forward-looking statements within the
meaning of federal securities regulations. All forward- looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual transactions, results,
performance or achievements to be materially different from any
future transactions, results, performance or achievements expressed
or implied by such forward-looking statements. General economic
conditions, competition, and governmental actions will affect
future transactions, results, performance, and achievements. These
risks are presented in detail in our filings with the Securities
and Exchange Commission. Although the Company believes the
expectations reflected in such forward-looking statements are based
upon reasonable assumptions, it can give no assurance that our
expectations will be attained or that any deviations will not be
material. The Company undertakes no obligation to publicly release
the result of any revisions to these forward-looking statements
that may be made to reflect any future events or circumstances.
DATASOURCE: Jameson Inns, Inc. CONTACT: Investor Relations, Todd
Atenhan, , or James Kautz, , of EPOCH Financial, +1-888-654-5318
Web site: http://www.jamesoninns.com/
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