LAS VEGAS, NV--(NewMediaWire - May 5, 2016)
- Pure Hospitality Solutions, Inc. (OTC
PINK: PNOW), parent Company of the Central
American-Caribbean online travel Agency (OTA) Oveedia (www.Oveedia.com), announced today, that in the
upcoming days, the Company shall make its fourth and final payment
in the Debt Repurchase Program, strengthening the
Company's current capitalization structure and furthering its debt
reduction initiative.
"Once we make this final payment, we will have successfully
completed this phase of the Debt Reduction Initiative, repurchasing
all of the toxic debt targeted in the Debt Repurchase Program,"
stated Melvin Pereira, President and CEO of Pure Hospitality
Solutions. "I am proud to say, it is at this point, that
shareholders should truly be able to begin seeing the light at the
end of the tunnel."
Clearing the slate of toxic notes couldn't have come at a better
time, as the Company prepares for the highly anticipated
hospitality event, Expotur 2016. With the Company continually
receiving growing interest from hoteliers, making room for more
suitable, long-term capital infusions -- achieved by staving off
dilution, equates to faster market penetration and stronger
advertising budgets.
Pereira continued, "In fact, the interest is so high, that even
while we're exploring the options of engaging a well-heeled, well
known international marketing firm to handle our marketing
outreach, its seems like Expotur 2016 will actually kick off our
outreach strategy, one month earlier than planned. So, I'm
confident that we will meet our 2016 benchmark of new property
listings with Oveedia."
Management strongly believes that the Company is on track to
quickly build an online travel database hosting Central America's premier and underserved
properties. This would position Oveedia as a value-added
opportunity to any major online travel operator (i.e. Priceline,
Expedia, etc.). Even a systems company like Google, who has begun a
push into this market, would likely find valuable interest in the
Oveedia online travel brand. Therefore, management remains
confident, that with this upcoming fourth and final payment of its
securities buyback plan, shareholder confidence should rise
significantly; reflecting greater opportunities for
PNOW 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. PURE is
the creator of Oveedia (www.Oveedia.com), the Central American-Caribbean online travel
hub.
Related Links:
Pure Hospitality Solutions Pinterest: http://www.pinterest.com/purehss/
Pure Hospitality Solutions Facebook: https://www.facebook.com/PUREnow
Pure Hospitality Solutions Twitter: https://twitter.com/purehss
Pure Hospitality Solutions Google: https://plus.google.com/+PurenowSolutionsplus/
Pure Hospitality Solutions 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.