OTHMThe Company is now just a few weeks away from completing their first multi-million dollar real estate acquisition.Management expects this initial transaction to move toward finalization within the next week; with the hopes of being closed within 20+ business days.--------Once the acquisition is complete, Oriens would book immediate asset values, boasting estimated revenues close to nine million dollars," stated Ken Chua, President of Oriens Travel & Hotel Management. "This deal will dramatically adjust the actual worth and value of Oriens."Management indicated that the LOI was completed with a cash payment of approximately 4.5% of the acquisition price to secure the deal. It is expected that the majority of the remaining capital required for completion of the acquisition, along with working capital, will be raised through traditional, asset backed financing. 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."-----
