LAS VEGAS, NV–(Marketwired – Aug 1, 2014) – Oriens Travel & Hotel Management Corp. (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today that the Company’s President, Mr. Ken Chua, made an unscheduled update, Thursday, July 31st, 2014, on the Company’s blog (http://orienscorp.wordpress.com/).
The post entitled, “Evolution, Growth & Outlook – Sitemap of Our Future,” was not intended to present like past regularly scheduled updates issued by the Company. This particular shareholder update was inspired by unexpected key events which occurred during the past week when Oriens’ executives and consultant team accompanied Mr. Chua to Costa Rica. The original intent was simply to complete the acquisition process on pending projects as well as further prospective ventures.
Mr. Chua noted in the aforementioned update, “Through newly forged relationships, OTHM has begun to cultivate opportunities that have already begun to change the corporate paradigm; dramatically evolving our financial structure and economic outlook. In principle, we have added millions of dollars in hard asset values and secured three additional real estate prospects — all of which we expect to finally be able to make official announcements for and provide pictures. We have aligned ourselves with suitable, traditional, asset based lenders, which have afforded us the ability to establish a viable and achievable economic growth plan for our Company, in both Central America and the U.S. Having already obtained smaller, non-toxic, bridge capital financing through our Costa Rican partners, we have begun to leverage new banking relationships which have afforded us the ability to meet certain local obligations.”
Ken Chua, President of Oriens, stated, “To our surprise, our agenda was pleasantly altered. Through our local partnerships, we were granted audiences with a few major independent financial players in Costa Rica’s real estate market. The opportunities emerging from these meetings were not of anything we would have imagined discussing during that particular visit. However, the offerings were incredibly real, significant in scope and size, and were accompanied by indications of ongoing financial support as we continue to prove ourselves in the local markets.”
“After last week’s meetings, I am now even more confident in my belief that we have made the correct decision in re-launching the FROL and Hotel PURE brand in Costa Rica,” continued Mr. Chua. “The country as a whole is a rapidly growing tourist destination, and Jaco Beach is definitely on the rise. We are very fortunate to be getting the opportunity to become part of that.”
Management indicated that a number of pending items are in the final stages and the Company should have the ability to begin making full disclosures of its progress.
The unscheduled blog, “Evolution, Growth & Outlook – Sitemap of Our Future,” can be found at: http://orienscorp.wordpress.com/2014/07/31/evolution-growth-outlook-sitemap-of-our-future/ .
About Oriens Travel & Hotel Management Corp. (www.orienscorp.com) (PINKSHEETS: OTHM) engages in the operation of hotels and resorts primarily in the United States and Central America under the Hotel PURE brand. The company also operates Friendly Reservations Online, a proprietary and sophisticated online booking system designed to execute reservations capture through Hotel PURE consumer facing websites, as well as individual hotel websites operated by Oriens on behalf of hotels branded under the Hotel PURE brand. Oriens is based in Las Vegas, Nevada.
Safe Harbor Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company’s actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company’s customers, competition and other factors discussed from time to time in the Company’s filings with the Securities and Exchange Commission.
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