LAS VEGAS, Feb. 27, 2015 /PRNewswire/ -- Pure
Hospitality Solutions, Inc., (OTC: PNOW) announced today, that the
Company, in conjunction with Oveedia project development partners;
have begun next round funding efforts, to complete and enhance the
upcoming soft launch of the Central American-Caribbean, online
social travel hub, Oveedia. This funding proposal increases
Oveedia's overall valuation, from seven to eight figures.
"Remember, the basic platform was tested across 118 hotels,
substantially increasing occupancy at each property," stated
Melvin Pereira, President of Pure
Hospitality Solutions. "Today's product, designed particularly for
today's market, is not your grandfather's OTA. It's not even your
father's OTA for that matter. Oveedia is a dynamic, travel system
platform, assured to boast interactive media components and snazzy
social media integrations. There will be nothing like it."
Pure's Oveedia development partners, have taken a traditional
route in capital raising for the project. Management indicated that
funds for Oveedia are primarily being raised through private,
controlled funding rounds. This will manage expected growth,
minimize dilution and contribute to the systematic increase of
valuations prior to the next series of rounds. Pure's management
also seeks to make significant operational adjustments, hoping to
eliminate high carry cost and the associated financial pressures –
ultimately returning long-term value to shareholders.
The Oveedia funding teams have assured Pure's management, that
fully capitalizing the Oveedia project privately, is doable; having
already received one monetary commitment.
Mr. Pereira concluded, "We have only one objective in mind, to
develop and position Oveedia for early acquisition. Either as a
'systems' travel product, or region specific OTA, we are confident
the next 36 months will reward Pure and all of our loyal
shareholders."
About Pure Hospitality Solutions, Inc.
PURE provides proprietary technology, marketing solutions and
branding services to hotel operators and condominium owners. The
Company's vision is to build competitive operations in the areas of
(i) online marketing and hotel internet booking engine services,
(ii) hotel branding and, (iii) own, operate and in some instances
develop, boutique hotels under the new, "by PURE" brand.
PR Links:
PURE Website: http://www.purenow.solutions/
PURE PNOW Ticker Info:
www.purenow.solutions/pure-investors-relations/
PURE FROL Case Study:
http://www.purenow.solutions/frol-case-study/
PURE Oveedia Access: http://www.oveedia.com/
PURE Tripadvisor Central America Analysis:
http://www.purenow.solutions/wp-content/uploads/2015/01/Tripadvisor.jpg
PURE Press – New Online Hotel Booking Engine Oveedia:
http://www.purenow.solutions/oveedia/
PURE Press – New Online Hotel Booking Engine:
http://www.purenow.solutions/new-online-hotel-booking-engine/
Related Links:
Pure Hospitality Solutions, Inc. Pinterest:
http://www.pinterest.com/purehss/
Pure Hospitality Solutions, Inc. Bahia-Encantada:
http://www.purenow.solutions/Videos/PURE.mp4
Pure Hospitality Solutions, Inc. Facebook:
https://www.facebook.com/PUREnow
Pure Hospitality Solutions, Inc.Twitter:
https://twitter.com/purehss
Pure Hospitality Solutions, Inc.Google +:
https://plus.google.com/+PurenowSolutionsplus/
Pure Hospitality Solutions, Inc. LinkedIn:
https://www.linkedin.com/company/pure-hospitality-solution
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/pure-hospitality-solutions-value-proposition-increases-next-oveedia-funding-round-initiated-300042675.html
SOURCE Pure Hospitality Solutions, Inc.