Oriens' Files Year End; Awaits Approval for Current Filer Status
March 03 2014 - 8:37AM
Marketwired
Oriens' Files Year End; Awaits Approval for Current Filer Status
Now Poised to Begin Audit Process, Oriens Sees Several Uplisting
Possibilities Stemming From Pending Merger/Acquisition
LAS VEGAS, NV--(Marketwired - Mar 3, 2014) - Oriens Travel & Hotel Management
Corp. (PINKSHEETS: OTHM), the Next Generation International
Hotel Brand Operator, operating its Hotel PURE brand, announced
today the Company has completed its Year End disclosures.
"We have filed the 'long-form' with the OTC Markets over this
past weekend and now await approval to achieve Current Filer
status," stated Ken Chua, President of Oriens Travel & Hotel
Management. "We are happy to have undergone the laborious process
of bringing our financials to a point where we feel absolutely
confident our efforts will prove complementary to the pending
merger/acquisition. It will also allow the upcoming audit process
to flow more smoothly."
Management eagerly awaits the opinion of counsel to be submitted
to OTC Markets, along with their [OTC] review of the Company's
disclosures. Executives anticipate that sometime this week, the
Company will achieve the coveted PinkSheet status of 'Current
Filer.' Management has reiterated that the next step in their 2014
plan is to immediately begin the auditing process as a complement
to the pending merger/acquisition.
Mr. Chua continued, "There are a substantial amount of assets,
revenues, potential revenues and growth opportunities being
acquired by the pending transaction. We are not yet certain what
exchange this affirmatively significant adjustment to our fiscal
future will place us. What we are positive of however, should all
transactions close as contemplated, OTHM will not be a PinkSheet
company a year from now."
Mr. Chua concluded, "Once we achieve Current Filer status, we
will begin revealing our growth plans. By months' end, we will also
look to firm up the date for our shareholder's visit to Costa Rica,
to meet with me and the new Oriens' team. Investors will be given
the opportunity to touch and see what we have achieved
together!"
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.
Related Links:
Blog: http://orienscorp.wordpress.com/ Twitter: @orienscorp
Facebook:
https://www.facebook.com/pages/Oriens-Travel-Hotel-Management-Corp/1452190994994900
Contact: Team Oriens IR Div. (702)
483-0318
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