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$325,000 Increase Of InnSuites Hospitality Trust (IHT) Consolidated Net Income

PHOENIX, Sept. 11, 2013 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE MKT:IHT) reported Consolidated Net Income was $73,000 for the first six months of 2014 fiscal year ended July 31, 2013 compared to a Consolidated Net Loss of ($252,000) in the first six months of the prior fiscal year, an increase of $325,000. Included is non-cash depreciation of approximately $899,000 and $867,000 for the first six months of 2014 and 2013 fiscal years, respectively. Consolidated Net Loss was ($711,000) for the 2 nd Quarter of fiscal year 2014 as compared to ($897,000) for the 2 nd Quarter of fiscal year 2013, an improvement of $186,000. Included in 2 nd quarter results is $445,000 and $434,000 of non-cash depreciation expense.

With the exception of historical information, the matters discussed in this news release may include "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance due to numerous risks and uncertainties and are described in greater detail in our filings with the Securities and Exchange Commission. Although we believe our current expectations to be based upon reasonable assumptions, we can give no assurance that our expectations will be attained.

For more information visit www.innsuitestrust.com or www.sec.gov

NEWS BULLETIN   RE: INNSUITES HOSPITALITY TRUST
FROM    INNSUITES HOTEL CENTRE
INNSUITES HOSPITALITY TRUST     1625 E. NORTHERN AVENUE, # 105
NYSE MKT:IHT     Phoenix, Arizona 85020
FISCAL 2014    Phone: 602-944-1500
2 ND QUARTER RESULTS
FOR FURTHER INFORMATION:        
Marc Berg, Executive Vice President         
602-944-1500         
email: mberg@innsuites.com          

Stock quotes in this article: IHT 

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