LAS VEGAS, May 11, 2015 /PRNewswire/ -- Pure
Hospitality Solutions, Inc., (OTC: PNOW), announced today that the
Company's accountants have completed their work on the Company's
financials as PURE files 2014 year end disclosures with
OTC Markets.
"As previously mentioned, we intended to make some bold
adjustments to our business strategy, which would briefly postpone
our voluntary disclosure filings with OTC Markets," stated
Melvin Pereira President and CEO of
Pure Hospitality Solutions, Inc. "These strategies came to
fruition much faster than we expected, adding to an already
challenging year end disclosure, as we looked to prepare them in
such a way not to impede the fluidity of the audit. Once we began
implementing our multi-million dollar divestiture initiative, along
with a $1,000,000 debt reduction
program – successfully completing both in relatively short order –
it all took our accountants by surprise."
"As PURE files 2014 year end disclosures with OTC
Markets, this Company is taking huge, progressive steps.
Transforming like a caterpillar into a butterfly; which in no way
is a pleasant metamorphosis, PURE is painstakingly making all of
the necessary adjustments to emerge as a formative competitor in
the $30 plus billion dollar Latin American online travel
market."
As PURE files 2014 year end disclosures with OTC Markets,
the Company also preps its first iteration of Oveedia for a soft
launch. Expecting to complete its arrangement with Sabre this month
[May 2015], the Company will have
immediate access to an additional 125,000 hotels, 400 airlines, 16
cruise lines and over 25 car rental selections from which PURE can
begin generating immediate revenues. This relationship with Sabre
will afford PURE the ability to begin mass marketing Oveedia;
expanding its visibility to the broader global market, prior to
launching the 2nd phase roll-out of its region specific
OTA. By the time the Company begins aggressively positioning
Central America and Caribbean travel destinations, "Oveedia will
already be heavily indexed and recognized as a competing OTA,"
continued Mr. Pereira.
"We expect that by mid-August, Oveedia will be into its second
phase of the roll out, with the third phase being completed
sometime in December. Revenues from OTA operations can potentially
begin to occur as early as June. And having already signed on
properties to Oveedia, such as Tango Mar Beachfront Boutique Hotel
& Villas, our OTA can hit the ground running; immediately
featuring properties from within our Central American-Caribbean
focus."
Looking forward, aside from the 2015 first quarter filing,
slowed by the completion of the 2014 year end, management doesn't
foresee being late on filings going forward. Board members
indicated that graduating to a higher exchange within the next 12
months will be management's mandate and with that will come the
requirement of timely filings.
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.
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
Pure Hospitality Solutions, Inc. 2014 Final Filing:
http://www.purenow.solutions/pnow-annual-report/
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.
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SOURCE Pure Hospitality Solutions, Inc.