Oriens' Capital Raises to Exceed $10 Million on Heels of Project Completion
August 22 2013 - 8:33AM
Oriens Travel & Hotel Management Corp. (US OTC -
Pinksheets:OTHM), the Next Generation International Hotel Brand
Operator, operating its Hotel PURE brand, announced today that the
company expects to raise in excess of $10 Million should its
proposed venture come to fruition – giving management more than
enough capital to broaden its current bi-lateral business model, as
well as expand operations by way of an enhanced and experienced
management team.
"Just six months ago, capital conversations barely tipped one
million dollars," stated Ken Chua, President of Oriens Travel &
Hotel Management. "As the proposed venture came into focus, funding
discussions began to range between eight million and ten million
dollars. However, upon our return from the trip to
Costa Rica, investment interest has exceeded ten million
dollars. This is surely one of the best scenarios
Oriens has seen in the past six years. We expect that
our efforts here will strengthen shareholder value and instill an
even greater bode of confidence."
Management indicated that once the preliminary terms of the
proposed venture are approved, the company will begin working
toward the PCAOB Audit and up-listing, to an exchange better suited
for the anticipated venture. Expectations are high for
the future of Oriens growth.
Further, the news releases, "Oriens Expands Reach of Hotel PURE
Brand Through Arrangement with Expedia," and, "Oriens'
Merger/Acquisition Opportunity Kicks into High Gear," issued July
31st, 2013, and, August 7th of 2013, respectively, by Oriens
Travel & Hotel Management Corp., (US OTC - Pinksheets:OTHM),
did not receive full electronic distribution.
Restatements of the aforementioned headlines and links to the
respective press releases have been provided to ensure the company
remains in compliance with fair disclosure requirements. The
following is an exact restatement of the original headlines with
respective links:
Oriens Expands Reach of Hotel PURE Brand Through Arrangement
with Expedia
http://orienscorp.wordpress.com/2013/07/31/oriens-expands-reach-of-hotel-pure-brand-through-arrangement-with-expedia/
Oriens' Merger/Acquisition Opportunity Kicks into High Gear
http://orienscorp.wordpress.com/2013/08/07/oriens-mergeracquisition-opportunity-kicks-into-high-gear/
About Oriens Travel & Hotel Management Corp.
(www.orienscorp.com) (US OTC - Pinksheets:OTHM) engages in the
operation of hotels and resorts primarily in the United States and
Central America under the Hotel PURE brand. The company also
operates Friendly Reservations Online, a proprietary and
sophisticated online booking system designed to execute
reservations capture through Hotel PURE consumer facing websites,
as well as individual hotel websites operated by Oriens on behalf
of hotels branded under the Hotel PURE brand. Oriens is based in
Las Vegas, Nevada.
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.
Related Links:
Blog: http://orienscorp.wordpress.com/
Twitter: @orienscorp
CONTACT: Team Oriens
IR Div. (702) 483-0318
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