Followers | 1200 |
Posts | 123604 |
Boards Moderated | 6 |
Alias Born | 05/10/2006 |
Tuesday, October 07, 2014 9:18:43 AM
MARKET WIRE 8:16 AM ET 10/7/2014
LAS VEGAS, NV -- (Marketwired) -- 10/07/14 -- Oriens Travel & Hotel Management Corp(OTHM). (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, recently merged with E-Network de Costa Rica SA ("E-Net") -- soon to be known as Pure Hospitality Solutions, Inc. [pending FINRA approval] -- announced that new incoming President & CEO, Melvin Pereira, has completed Oriens' first multi-million dollar international property acquisition of Global Asset Management Holdings' interest in Bahia Encantada.
"Correct me if I am wrong, but I do believe this is the best way to begin my tenure as CEO," said Mr. Pereira. "While my commitment, hard work and dedication shouldn't be completely valued based on my delivering a substantial amount of assets within weeks of my executive nomination, it does speak loudly to my mandate. I get the job done!"
Management confirms that Global Asset Management Holdings' interest in Bahia Encantada reflects an achievable market value upwards of $8 Million USD; $10 Million USD relative to neighboring developments. This ultimately increases the Company's projected revenues substantially. This acquisition also delivers an additional mid-seven figures of net profit to Oriens (PURE Hospitality Solutions), should all aspects of the transaction conclude favorably.
The Bahia Encantada acquisition is completed in two parts. Details of the transaction will further be disclosed tomorrow (Wednesday, October 8th, 2014) on the corporate blog. However, management indicated that Mr. Pereira structured the transaction in such a way to be easily managed. The Company will also look to rebrand its Bahia Encantada holdings with the new PURE brand, and, will soon deploy a retooled version of the FROL (Friendly Reservations Online) to manage online bookings.
Mr. Pereira concluded, "This is just the beginning. We absolutely have a long road ahead. It will not be an easy path, as I did inherit quite a mess. However, look at what we just accomplished. I am confident we will have a lot of fun traveling this journey together. Just remember, No One Gets Left Behind!"
About Oriens Travel & Hotel Management Corp.(OTHM)(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.
Oriens' Blog: http://orienscorp.wordpress.com/
Oriens' Twitter: @orienscorp
Oriens' Facebook: www.facebook.com/orienstravel
Related Links:
Pure Hospitality Solutions, Inc. Pinterest (BE): http://www.pinterest.com/purehss/bahia-encantada/
Pure Hospitality Solutions, Inc. Bahia-Encantada Video: http://www.purenow.solutions/Videos/PURE.mp4
Pure Hospitality Solutions, Inc. Facebook: https://www.facebook.com/PUREnow
Pure Hospitality Solutions, Inc.Twitter: https://twitter.com/purehss
Pure Hospitality Solutions, Inc.Google +: https://plus.google.com/+PurenowSolutionsplus/
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.
Contact:
Team Oriens
IR Div. (702) 483-0318
Recent MSSV News
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/03/2024 04:15:07 AM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 08/22/2024 08:01:55 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:25:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 11:00:14 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 07:39:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 10:05:15 AM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 02/12/2024 09:48:31 PM
- Form PRER14C - Information statements • Edgar (US Regulatory) • 02/06/2024 08:59:19 PM
- Meso Numismatics Announces Intention to Undergo Name Change and Authorized Shares Change • InvestorsHub NewsWire • 02/05/2024 12:45:06 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 02/02/2024 10:14:18 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 01/02/2024 08:54:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 09:06:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 10:03:53 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 06:37:30 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM