Press Release: Janus Hotels and Resorts, Inc.
October 8, 2001
BOCA RATON, FL -- Janus Hotels and Resorts, Inc. (Nasdaq:JAGI), a Florida-based hospitality company, announced
today that its Board of Directors has expanded its authorization to repurchase shares of the Company's outstanding
common stock from one million (1,000,000) to one million four hundred thousand (1,400,000) shares.
The purchases will be made from time to time, in the Company's discretion, as market and business conditions warrant,
in open market or private block transactions. All purchases are subject to the availability of shares and, accordingly,
there is no guarantee as to the timing or number of shares to be repurchased.
Janus Hotels and Resorts, Inc. is engaged in the business of management and ownership of hospitality properties.
The Company currently owns fifteen hotels and manages forty hotels totaling approximately 9,000 rooms under its
management.
Forward-Looking Statements
When used in Janus' press releases and in oral statements made with the approval of an authorized executive officer
of Janus, the words or phrases ``expects,'' ``plans,'' ``outlook,'' ``will likely result'' or similar expressions
(including confirmations by an authorized executive officer of Janus of any such expressions made by a third party
with respect to Janus) are intended to identify forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Janus wishes to caution readers not to place undue reliance on any such forward-looking
statements, each of which speak only as of the date made. Janus has no obligation to publicly release the results
of any revisions which may be made to any forward-looking statements to reflect anticipated or unanticipated events
or circumstances occurring after the date of such statements.
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Contact:
Janus Hotels and Resorts, Inc., Boca Raton
Eric L. Glazer, General Counsel, 561/997-2325
E-mail: eglazer@janushotels.com