MANDEVILLE, Louisiana,
Apr. 27, 2015 /PRNewswire/ -- ORPHEUM
Property, Inc. (OTCPINK: PLFF), a diversified public company, with
interests in the hospitality industry, coffee and food products,
property development, and other markets, today takes this
opportunity to update shareholders about the recent upgrade of its
filing status to OTC Pink Current Information trading
status.
In an open letter to shareholders, Jeffrey B. Montalbano, Chairman, CEO and CFO of
ORPHEUM made the following statements.
"ORPHEUM has filed its current Financial Statements up to
December 31, 2014 with OTC Markets
and we are as of today listed as OTC PINK CURRENT
INFORMATION. We are very pleased indeed to be able to report
to our shareholders and the investment community that we are now
fully current in our financial disclosures and are working
diligently to steer the company toward an exciting future.
As you come to know more about ORPHEUM and me, you will learn
about the diversified operating business units based in
Honolulu, Hawaii, New Orleans, Louisiana, and Hattiesburg, Mississippi.
Coscina Brothers Coffee Company, based in Honolulu and established in 1978, is a roaster
and purveyor of the finest Hawaiian coffee brands and other food
products to a wide market in the Asian-Pacific region and the West
Coast of the United States.
Rare Cuts - Gourmet Meats, located in New Orleans, LA, is a specialty high-end
butcher shop established in 2009, with the goal of bringing the
'Highest Quality, Most Tender & Flavorful, Aged Meats
Available Anywhere' to the retail consumer. Rare Cuts is
excited about future expansion opportunities as it has just
completed the opening of its second location in the Lakeview
neighborhood of New Orleans this
last February.
During the first quarter of 2015, ORPHEUM acquired a 128
guestroom La Quinta hotel complex that was rebranded as the
MAGNUSON Hotel of Hattiesburg in
Mississippi. We are looking
forward to the continued expansion of our hotel/hospitality holding
on a rapid basis.
As the Chairman and CEO of ORPHEUM, I am particularly pleased to
remind you that two fine Directors recently joined our Board, Frank
J. D'Amico Jr and Shawn W. Rogers.
Complete 'Bios' on Mr. D'Amico and Mr. Rogers were provided
in our news release of April 10,
2015.
We look forward to making additional substantive announcements
to you, our shareholders, over the coming months."
About ORPHEUM Property, Inc.
ORPHEUM Property Inc. ("ORPHEUM") specializes in the
acquisition, development, and management of businesses and
commercial properties worldwide. ORPHEUM accomplishes its
acquisitions through a variety of funding scenarios including
stock/equity sales, private investments and traditional lending
sources. The company will utilize its vast experience in
hospitality, food and beverage, real estate, finance, and
accounting to execute on its business plan. ORPHEUM will
benefit from limited overhead in its initial stages of development
allowing the company can run with minimal G&A expenses, thus
allowing it to reinvest in growth.
ORPHEUM (OTCPINK: PLFF) trades on OTCMarkets trading platform,
and utilizes the OTC Disclosure & News Service in order to make
all current information and disclosures available to the
public. Investors can find real-time quotes and market
information at:
http://www.otcmarkets.com/stock/PLFF/quote
Forward-Looking Statements:
Statements herein express management's beliefs and expectations
regarding future performance and are forward-looking and involve
risks and uncertainties, including, but not limited to, raising
working capital and securing other financing; responding to
competition and other risks. Actual results may differ
materially from such forward-looking statements.
Contact:
ORPHEUM
Jeff Montalbano
Tel: +1-985-612-7998
Email: jeffmontalbano@bellsouth.net
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/orpheum-releases-letter-to-shareholders-300072504.html
SOURCE ORPHEUM Property, Inc.