LAS VEGAS, NV--(NewMediaWire - Jan 28, 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 the
Company has successfully secured long-term capital
financing north of $650K -- with the primary focus
being on the immediate start of the Debt Repurchase Program, to eliminate the
Company's toxic debts.
"We are determined to build shareholder confidence by both
growing the most prominent online travel agency in Central America
and structurally positioning Pure Hospitality Solutions for optimal
growth," stated Melvin Pereira, President and CEO of Pure
Hospitality Solutions, Inc. "A financing of this type is just
the beginning of ongoing capital infusions, which will help us
repurchase and retire toxic debt, refinance other debt obligations,
operate the Company more efficiently, and most of all...
push Oveedia into the forefront of the Latin
American travel industry. Using this long-term capital, we will
immediately commence our Debt Repurchase Program to buy back toxic
securities -- the next phase of our long-term growth strategy."
[For additional information on the other Various Uses for
the Long-Term Capital Secured by Pure, please
read: The Various Uses for the Long Term Capital]
Having secured long-term capital financing north of
$650K, management indicated that funding will be in
stages, but has confirmed receipt of the first portion of those
funds. This puts the Company on-track to eliminate toxic notes and
substantially reduce the number of noteholders on the Company's
books. In short, management is fighting to protect shareholder
value.
Pereira concluded, "This year is shaping up to be one of the
most productive in Pure's history. We have already accomplished a
great deal during this first month of the year, with the most
prominent being our push to become a fully reporting, completely
transparent company. Having secured long-term capital
financing north of $650K, the Debt Repurchase Program is
our next step... With 2016 being the year of transparency, we are
on-track to strengthening our balance sheet - potentially boasting
significant profits by year-end."
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.