Oriens Prepares for Audit -- Company Updates Disclosures
May 13 2014 - 8:37AM
Marketwired
Oriens Prepares for Audit -- Company Updates Disclosures
LAS VEGAS, NV--(Marketwired - May 13, 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, has completed and
updated voluntary disclosures to remain a Current Filer with the
OTC Markets, as management continues its commitment to auditing the
Company's financials.
"Following an exceptionally successful trip to Costa Rica, there
are several 'house cleaning' action items we must complete, in
preparation for an incredible transition slated for the Company
this next week," stated Ken Chua, President of Oriens Travel &
Hotel Management. "Auditing the financials is a major action that
must be completed in order to best leverage our growth opportunity
secured in Central America."
Management indicated that the audit has always been an intended
action item. However, the endeavor required an event warranting
both the time and money committed. Experiencing an initial
set-back, the audit along with other corporate actions had to be
sidelined until Oriens was able to rectify a third party situation.
With a steadfast management and consulting team, Oriens returned
from Costa Rica having put things back on track.
Chua continued, "With the support of an unwavering team, what
we've been able to accomplish this past April is remarkable. I'm
sure that our shareholders will be pleased and astonished with our
actions to date."
Management further indicated they would also look to complete
other pending items the Company originally looked to employ. In
other words, Oriens' team is essentially looking to "successfully
complete what was started," said Mr. Chua.
Mr. Chua concluded, "The question now isn't 'if' we
still plan to have a shareholder event in Central America, it is
'when' would is the most opportune time. Whatever the date
this year, should all continue on its current path, shareholders
may be able to look forward to a company that has been audited,
up-listed, well-financed, asset rich, and, with a very healthy
fiscal outlook."
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:
http://orienscorp.wordpress.com/2014/05/09/business-operations-inquires-exciting-endeavors-business-as-usual/
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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