FOR THE FIRST TIME IN BAHAMIAN HISTORY U.S. HOSPITALITY CORPORATION PAYS HOMAGE TO A LOCAL GRAND BAHAMIAN BY RENAMING RESTAURANT IN HIS HONOUR

- Old Bahama Bay Resort & Yacht Harbour Celebrates Grand Opening of Bonefish Folley's Bar and Grille -

West End, Grand Bahama Island – November 7, 2006
Old Bahama Bay Resort & Yacht Harbour, The Entertainment Capital of the Bahamas , christened Bonefish Folley's Bar and Grille on Monday, October 30 th during an official ceremony conducted by The Right Honorable Obie Wilchcombe, Minister of Tourism for The Bahamas, and US Ambassador to The Bahamas, John Rood and Israel "Bonefish Folley" Rolle.

Pictured above, left to right: US Ambassador to The Bahamas , John Rood , Israel "Bonefish Folley" Rolle, and The Right Honorable Obie Wilchcombe, Minister of Tourism for The Bahamas

The restaurant has been renamed as a tribute to bone-fishing legend, Israel "Bonefish Folley" Rolle, whose natural charm has been bringing tourists back to the island for many years. Minister Wilchcombe, who is also the Member of Parliament for the West End , marked the occasion as 'Bonefish Folley Day', noting that this is the first time in the history of The Bahamas that a restaurant at an outstanding establishment has been named to honour an individual. Ambassador John Rood reminisced about his first visits to the resort when Bonefish Folley taught him everything he knew about bonefishing.

Bonefish Folley's Bar & Grille sits with a commanding view of Old Bahama Bay 's expansive marina. As welcoming as Bonefish Folley himself, the newly renamed eatery beckons patrons hungering for native Bahamian cuisine. Black and white photos of its namesake, "Bonefish Folley", hang prominently from the restaurant's walls. Perhaps the most interesting characteristic of this restaurant will be Bonefish Folley himself, as he continues to charm guests of Old Bahama Bay , regaling them with fish tales. On the menu are delectable dishes incorporating indigenous ingredients with dependable favorites. Customers can enjoy signature dishes such as 'Siboney Conch Chowder' and 'Bonefish Folley's Lobster Salad.'

Says Bob Kramm, Chief Operating Officer, Old Bahama Bay Resort & Yacht Harbour , "Bonefish Folley is an accomplished fisherman whose easy-going charm and love of people continue to attract visitors the world over to Old Bahama Bay . Renaming the resort's restaurant after him is our way of paying homage to this extraordinary individual and living legend."

Located on the western-most tip of Grand Bahama Island , just 56 miles from Palm Springs , Florida , Old Bahama Bay features 49 beachfront spacious guestrooms and suites, which will increase to 73 in December 2006. Other features include an oceanfront pool, restaurants, massage pavilion and the region's finest fishing, diving, snorkeling and boating activities. Guests' accommodations each include stunning 120 square-foot ocean-view terraces as well as elegant Bahamian-Colonial décor, custom-designed Island Plantation-style furnishings, rich mahogany woods and textured leathers. All guest suites are filled with little luxury extra touches such as Frette linens and terry cloth robes, refrigerators, microwaves, cable televisions, fax and modem lines and much more.