Oriens Provides Significant Updates: Share Reduction Program to Be Initiated Today; Auditor Named & More
July 02 2014 - 7:59AM
Marketwired
Oriens Provides Significant Updates: Share Reduction Program to Be
Initiated Today; Auditor Named & More
LAS VEGAS, NV--(Marketwired - Jul 2, 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 made a scheduled and significant shareholder update;
furthering corporate communications and increasing Company
transparency -- discussing some very exciting news.
The update provides insight on the completion of the Costa Rican
property acquisition as well as the Company's current branding
opportunity. Oriens also revealed that the process to begin
phasing in the share reduction program for the authorized shares
will be initiated today. An auditing firm has also been
identified.
"This is one of the most important shareholder updates we have
given since offering this as an additional tool of transparency,"
stated Ken Chua, President of Oriens. "Topics such as initiating
the process for the authorized share reduction program, selecting
an auditor, and Oriens' impending capital shift is
exciting!"
Mr. Chua concluded, "While this update is rather short and to
the point, the coverage is significant, with a message that is
impactful and very clear."
To read our Shareholder Update, please visit -- Growth, Value &
Confidence:
http://orienscorp.wordpress.com/2014/07/02/shareholder-update-to-the-point/
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: www.facebook.com/orienstravel
Contact: Team Oriens IR Div. (702) 483-0318
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