Appointments

AFM Hospitality Corporation - New Chief Financial Officer named

AFM Hospitality Corporation announced the appointment of James D. Meier as Chief Financial Officer for this growing hospitality franchising, services, and consulting company.

AFM Hospitality Lawrence P. Horwitz, Chairman and CEO of AFM Hospitality Corporation said "I am pleased with the addition of Jim Meier to our senior management team. His strong finance and accounting background, his extensive hospitality industry experience, and his experience in senior management roles with both Canadian and US public companies should help AFM to continue its growth; and with continued development of its internal and external reporting. Furthermore, with our planned growth from future acquisitions, Jim brings the skills to successfully integrate acquisitions and assist in securing new financing sources for our planned growth."

Meier brings a seventeen year hospitality industry background (from Night auditor to CFO) to AFM Hospitality Corporation. Prior to AFM, he was employed as CFO for a company in real estate development, financing, and hospitality development and management. His experience previously has included Corporate Controller and CFO for a Canadian Public company involved in all aspects of hospitality throughout North America; as Financial Reporting manager for a nearly billion dollar (US) gaming, hotel and entertainment public company; and a publicly traded national telecommunications provider handling accounting for a US $ 700 million investment portfolio.

Jim is both a Certified Public Accountant (CPA) and a Certified Management Accountant (CMA). His CPA exam score placed him in the Top Ten of Nevada. A graduate of Minnesota State University, Jim also holds a Master of Science degree in Hotel Administration from the University of Nevada - Las Vegas (UNLV).

Meier replaces Scott Dixon who recently resigned to pursue other interests.

Meier will be relocating to Seattle from his home in Las Vegas later in the year.

About AFM Hospitality Corporation

AFM Hospitality Corporation owns AFM Preferred Alliance Group Inc., AFM Asset Management Inc., AFM Hospitality (USA) Corporation, Northwest Lodging International (USA) Inc., Northwest Lodging International (Canada) Inc., AFM Asset Management Services, Inc., Trigild International, Inc., Special Asset Services, Inc. and Staffing Services International, Inc. It is the exclusive Canadian Master Franchisor for Aston, Best Inns, Hawthorn Suites, Howard Johnson, Knights Inn, La Quinta, Park Plaza, Park Inn, Traveller's Inn and Villager Lodge. AFM Hospitality Corporation operates or has open and/or executed franchise and management agreements with more than 300 hotels, restaurants and other nationally franchised service businesses throughout North America. The company's focus is to increase the number of hotels franchised by the respective brands, franchise new brands, build the portfolio of hotel management agreements, provide valuable resources and hospitality experience to help hotel owners grow their business, and to acquire other franchise businesses related to the hospitality industry, while making available property management services. AFM Hospitality Corporation is a publicly traded company listed on the Toronto Stock Exchange (TSX: AFM)



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