HRP Myrtle Beach Holdings, LLC Issues Current Report

Thu Jan 3, 2008 10:35pm EST

* Reuters is not responsible for the content in this press release.

MYRTLE BEACH, S.C.--(Business Wire)--HRP Myrtle Beach Holdings, LLC ("HRP") announced today that it
posted a current report on the company website (www.hrpusa.com). The
current report is being furnished pursuant to the Indentures governing
the Floating Rate Senior Secured Notes due 2012 (the "Senior Notes"),
the 12 1/2% Junior Secured Notes due 2013 (the "Junior Notes") and the
14 1/2% Senior Pay-In-Kind Notes due 2014 (the "PIK Notes"), and the
Equity Participation Agreement relating to the Class B shares of HRP
PIK Corp. ("PIK Corp."). The current report is available to holders of
the Senior Notes, holders of the Junior Notes, holders of the PIK
Notes, prospective purchasers of such securities, securities analysts
or market makers in such securities, and to Class B shareholders of
PIK Corp. The current report is available via a secure link on the
company website.

   Companies or persons interested in requesting a password to access
the website should contact HRP using the contact information provided
below in order to complete the confidentiality paperwork required to
obtain a password.

   HRP intends to post all future annual reports, quarterly reports
and current reports which are required to be delivered pursuant to the
Indentures and the Equity Participation Agreement on the company
website. Notice of such future postings will be provided by press
release.

   About HRP Myrtle Beach Holdings, LLC:

   HRP Myrtle Beach Operations, LLC, a wholly-owned subsidiary of
HRP, is designing, developing, constructing, and will own and operate
Hard Rock Park (the "Park"), an approximately 140-acre rock-n-roll
theme park in Myrtle Beach, South Carolina under a long term license
agreement with Hard Rock Cafe International (USA), Inc. The members of
HRP Myrtle Beach Partners, LLC, the parent of HRP, are (i) HRP
Executive Management Co., LLC, an entity owned by the Park's executive
management team consisting of Steven Goodwin, Felix Mussenden and Jon
Binkowski, who designed and developed the Park's concepts and will be
responsible for building and operating the Park; (ii) FHTP, LLC, a
group of prominent Myrtle Beach investors and community leaders; and
(iii) HRPV-I, LLC, a joint venture led by real estate developer Ziel
Feldman, Amnon Bar-Tur, the Managing Member of SafeHarbor Holding,
LLC, and Israeli investment funds Africa Israel Investment and Polar
International Real Estate.

HRP Myrtle Beach Holdings, LLC
HRP Myrtle Beach Operations, LLC
Steven Goodwin, Chief Executive Officer
& Chief Financial Officer, 843-236-7625
Fax: 843-236-4600
investorrelations@hrpusa.com
www.hrpusa.com

Copyright Business Wire 2008
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