LAS VEGAS, April 16, 2015 /PRNewswire/ -- Pure Hospitality
Solutions, Inc., (OTC: PNOW) announced today, that the Company has
made major corporate adjustments that briefly postponed its
year-end filings.
"In directing our attention to the 2015/2016 $30 plus billion
dollar Latin American online travel market, as previously
mentioned, we intended to make some bold adjustments to our
business strategy," stated Melvin
Pereira, President of Pure Hospitality Solutions,
Inc. "And we most certainly did! Unfortunately in doing so, we
have triggered a few subsequent events that will significantly
impact our audit and has extended the Company past its filing
dates. We will however, have the updated disclosures completed and
filed within the upcoming week."
On March 1st 2015,
management made an announcement that the Company "made a bold
adjustment for the overall advancement" of PURE's fiscal health and
growth. Only, it was unexpected that after these major corporate
adjustments were initiated, management would begin achieving
its goals at the speed and magnitude that it did. Achievements
including: significantly reducing the monthly burn, substantially
eliminating corporate debt, largely divesting capital exhaustive
assets and signing Oveedia's first online travel client. These are
all indicative of the major corporate adjustments the
Company's business plan underwent – all primarily in March; partly
April. While these items will mostly be presented as subsequent
events within the financials, their elements still weigh heavily on
how the report's projected outlook is presented.
Mr. Pereira concluded, "While remaining timely, on an 'optional
reporting system' is important to us, expanding financially is even
more important. We certainly expect to see PURE as a technology
based operation, with little to no legacy debt remaining and a
valuation some predict will exceed $40M relatively soon after launch. We will become
the Central American-Caribbean online travel hub and surely be done
with this penny stock nonsense. May our long-term supporters reap
the greatest reward!"
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 TripAdvisor Central America Analysis:
http://www.purenow.solutions/wp-content/uploads/2015/01/Tripadvisor.jpg
PURE Glossary– OTA:
http://www.purenow.solutions/pure-glossary/
eMarketer – Online Travel Sales Explode in Latin America:
http://www.emarketer.com/Article/Online-Travel-Sales-Explode-Latin-America/1009493
Barclays Capital: http://investmentbank.barclays.com/
PURE Press – New Online Hotel Booking Engine Oveedia:
http://www.purenow.solutions/oveedia/
PURE's Oveedia Aligns with Sabre Travel Network:
http://www.purenow.solutions/sabre-travel-network/
Related Links:
Pure Hospitality Solutions, Inc. Pinterest:
http://www.pinterest.com/purehss/
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/pures-major-corporate-adjustments-briefly-postpones-filing-300066979.html
SOURCE Pure Hospitality Solutions, Inc.