Followers | 437 |
Posts | 42954 |
Boards Moderated | 2 |
Alias Born | 05/08/2006 |
Monday, October 20, 2014 9:26:57 AM
Oriens Travel & Hotel Management, the Next Generation International Hotel Brand Operator – recently merged with E-Network de Costa Rica SA (“E-Net”) – with a pending name change to Pure Hospitality Solutions, Inc., issued a press release today to announce that it has kicked off one of its two primary revenue-generating initiatives, property sales, ahead of schedule. The news was initially released on Friday via the following corporate blog: http://orienscorp.wordpress.com.
Similar to the company’s rental initiative, it was anticipated that property sales were not to begin until November 2014. However, as a Senior Board Member noted, CEO Melvin Pereira saw no reason for the delay.
Relying on a solid business relationship with RE/MAX Jaco, Melvin Pereira, President and CEO of Oriens has started to sell some of the company’s holdings – the first of which being a commercial unit on a main street in Jaco.
Mr. Pereira commented, “Revenue is key for any company. For the evolved business model of PURE, sales and rentals is what it’s largely all about. While our plans were to begin both revenue initiatives the first week of November, if the tools exist now to get started, why wait? We will not wait! That is my response to that question.”
RE/MAX Jaco began releasing ads for PURE last week, thus putting the Company’s commercial unit up for sale. It is anticipated among company management that Oriens/PURE can realize a return on its investment between 54% and 66%.
Although sales of commercial units and perhaps land parcels may continue to make their way into the sales pipeline early, management continues to expect Mr. Pereira will not begin selling residential condominium properties until November 2014 as originally planned. A Senior Board Member said, “Mr. Pereira believes the best defense is simply a stronger offense. Therefore he will attack matters of revenue generation from every viable angle, as expeditiously as possible.”
Oriens Travel & Hotel Management Corporation engages in the operation of hotels and resorts in the United States and Central America under the brand of ‘Hotel PURE.’ Additionally, the company operates Friendly Reservations Online, a proprietary online booking system used to execute reservations capture through Hotel PURE’s consumer websites and individual hotel websites operated by Oriens on behalf of hotels under the Hotel PURE brand.
For more information on the company, visit www.orienscorp.com
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