Oriens Back on Track to Establish Multi-Million Dollar Hotelier/Booking Brand
June 23 2014 - 8:32AM
Marketwired
Oriens Back on Track to Establish Multi-Million Dollar
Hotelier/Booking Brand
LAS VEGAS, NV--(Marketwired - Jun 23, 2014) - Oriens Travel
& Hotel Management Corp. (OTC-PINK: OTHM) (PINKSHEETS: OTHM),
the Next Generation International Hotel Brand Operator, announced
today that the Company has established a newly proposed roll out of
Oriens business model; launching the new FROL System, while
acquiring and branding its own properties under the newly emerging
brand.
"The circumstances that temporarily derailed us were
unfortunate, but in no way debilitated our ability to continue
forward," stated Ken Chua, President of Oriens Travel & Hotel
Management. "The beginning of the 3rd Quarter should be spectacular
for Oriens, as we intend to have our first multi-million dollar
acquisition completed. This will spearhead the way for us to
complete every endeavor we initially contemplated coming into 2014.
This should be quite the year for Oriens."
Upon entering 2014, Oriens expected to complete a merger, which
was anticipated to be positive for the growth of the Company. Third
party mishaps created a minor snafu, ultimately however, proving to
be positively more beneficial than what the contemplated merger
would have created. The Company is now just a few weeks away
from completing their first multi-million dollar real estate
acquisition.
Amongst other benefits of this transaction, Oriens would now
have the full ability to state that it is truly a hotel brand and
management company, operating its own condo/hotel properties, while
deploying an online booking engine service to a rapidly up and
coming tourist region in Central America.
Mr. Chua concluded, "Now that we are back on track, we will
quickly begin tending to various open items, such as the PCAOB
audit, authorized share reduction and the re-launch of the brand
and booking engine. This quarter's upcoming shareholder update
will certainly be eventful."
The company is set to release its shareholder update on July
2nd.
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
Facebook:
https:/www.facebook.com/pages/Oriens-Travel-Hotel-Management-Corp
Contact: Team Oriens IR Div. (702)
483-0318
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