Oriens to Instate Engineering Team to Leverage Technology for Increased Revenue
October 16 2013 - 8:33AM
Marketwired
Oriens to Instate Engineering Team to Leverage Technology for
Increased Revenue
Standalone Hotel Search & Booking Engine to Develop Central
American Presence -- Securing Early 2014 Revenues
LAS VEGAS, NV--(Marketwired - Oct 16, 2013) - Oriens Travel
& Hotel Management Corp. (OTC Pink: OTHM), the Next Generation
International Hotel Brand Operator, operating its Hotel PURE brand,
announced today that the Company is making provisions to organize
and instate a new engineering team, to launch a standalone, online
hotel search and reservation booking engine, to capitalize on the
ongoing developments in Central America.
"There is a large and immediate financial opportunity for us in
Central America," stated Ken Chua, President of Oriens Travel &
Hotel Management. "We are committed to be in-line with the
rising trends in tourism to specific areas within a region. We
now have 'on the ground' relationships, affording us economical
marketing and sales access to the growing number of hotels in the
region. This includes properties requiring a back-end reservation
booking service, or access to a complete on-line marketing hotel
search and reservation service."
Management has taken steps to facilitate and launch a standalone
hotel search and reservation booking engine. The service is
undergoing design, to initially focus on Central America --
although Oriens executives indicate the Company will likely accept
all hotels signing up within the Americas (North, U.S. Central and
South). At present, the Company's technology is purely a
back-end booking engine service much like HotelProxy and/or Open
Hospitality. Like these booking engine service companies,
Oriens' FROL provides independent hoteliers with online booking
solutions; the primary difference being the Company's bilateral
business model. This model affords Oriens the ability to implement
and deploy its services to a larger number of properties with
greater revenue potential.
However, as things are quickly unfolding for the Company and
financing appears imminent, Ken Chua says it is imperative that
"Oriens must begin to generate real quantifiable revenues that
investment bankers and the markets can get behind."
Chua continues, "Over the past years, we have practically given
our branded flags and technological services away; almost at a
detriment to our financial health. Luckily, sacrifice and
persistence has won and now we are equipped with good management,
five flag brands, case studies, an easily integrated booking
technology, merger opportunities and investment considerations.
Launching a standalone online hotel search and reservation booking
engine to better position real revenue generation in 2014 and
significant investment and acquisition interest is key to building
a strong company in this sector."
Management indicates that the development and launch of a
standalone online hotel search and reservation booking engine is
affordable and in close reach. The Company has begun to make the
required provisions, along with considerations toward the
appropriate engineering team to lead the effort.
Chua concluded, "We expect 2014 to be an extraordinary year for
us, so early preparation is necessary. We have already
formulated a name and see a roll out plan coming into
fruition. Revenues and quantifiable value is what we are after
to ensure that our future endeavors conclude in excellence."
About Oriens Travel & Hotel Management Corp.
(www.orienscorp.com) (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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