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OTHM Indicates Possible Rights Offering as Shareholder “Reward”

PURE Hospitality Solutions, formerly known as Oriens Travel & Hotel Management Corp., is in the middle of what the company calls a “Pure-ification process.” As part of this process, the company has issued a series of statements and updates to the investment community. In a recent corporate blog, PURE acknowledges the company’s recent reverse split and hints at what shareholders can expect moving forward.

Read the full blog post here: http://www.purenow.solutions/increase-equity-value

According to the post, PURE president and CEO Melvin Pereira’s restructuring strategy includes “giving back to shareholders,” which the post insinuates may take be in the form of a rights offering as a means to “reward all of those shareholders who have and will continue to take this crazy exciting ride with us.”

In the case of a rights offering, PURE shareholders of record will have the opportunity to buy securities directly from the company at discounted price with the potential for a “nice upside.”

“… Being that purchases of equity from shareholders go directly to the Company, toxic financing and excessive dilution also become limited, if not all together eliminated. This only makes the Company more profitable,” according to the blog.

Though the company stops short of making an official announcement, it does urge shareholders to stay tuned regarding a potential rights offering.

Oriens Travel & Hotel Management officially merged with E-Network de Costa Rica SA in early October. Following a reverse-stock split completed November 12, the entity formally became known as Pure Hospitality Solutions in all respects. Per regulations, PURE’s common stock will subject to trade under the name “OTHMD” for 20 days, after which the company’s symbol will be changed to “PNOW.”

For more information visit www.purenow.solutions