Oriens' "Statement of Progress"
November 01 2013 - 8:33AM
Marketwired
Oriens' "Statement of Progress"
Oriens' President Speaks to the Development & Launch
Schedule of the Booking Engine, Phone Apps, Capital Formation,
Merger & Other Items of Interest
LAS VEGAS, NV--(Marketwired - Nov 1, 2013) - Oriens Travel & Hotel Management
Corp. (http://www.orienscorp.com) (OTC Pink: OTHM), the
Next Generation International Hotel Brand Operator, operating its
Hotel PURE brand
(http://www.orienscorp.com), announced today that the Company's
President, Mr. Ken Chua, has released a "Statement of Progress"
speaking to the proposed phases of the targeted launch of its
standalone online hotel search and reservation booking engine with
complementary mobile apps. With mobile travel company receiving
recent valuation of approximately $800 Million due to significant
equity investment from Sequoia Capital, the President's statement
will lend further clarity to the Company's true motivation for the
public release of its technology.
Also discussed: progress of merger/acquisition exploratory
talks, future anticipated use of the FROL system by
entertainment/hospitality venues in Costa Rica (such as theaters
and stadiums), possible stock buy-back and authorize share
reduction options along with a number of other topics impacting the
Company's growth, shareholder value and overall market
confidence.
To read President's Address, please see: "President's Statement
of Progress," or visit:
http://orienscorp.wordpress.com/presidents-statement-of-progress/
About Oriens Travel & Hotel Management Corp.
(www.orienscorp.com) (OTC Pink: 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 captured
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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