OTHM 0011 Oriens’ Merger/Acquisition Opportunity Kicks Into High Gear Print Alert Las Vegas, August 7, 2013, Oriens Travel & Hotel Management Corp. (OTC: OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today that talks dealing with its merger/acquisition opportunity have kicked into high gear, as company executives and consultants have also begun to field possible funding options.
"The interest from all sides seems to be heating up," stated Ken Chua, President of Oriens Travel & Hotel Management. "As attention gets drawn toward our FROL booking engine and Hotel PURE brand, the more fundamental financing opportunities have presented themselves. Should we be successful in achieving a responsible financing based on an invaluable business opportunity, we believe the company can reach great heights."
Management indicated that project financing meetings have begun and the conversations around plausible capital infusions have reached as much as $10 Million. This is hinged of course, on the targeted merger/acquisition coming to fruition. Executives do believe that based on the company’s performance over the past two years; "we are ready to take the next step," continued Mr. Chua.
Mr. Chua concluded, "Our team is on the verge of hitting key benchmarks that should bring us to a place of substantial and sustainable revenue growth. Our ideal merger/acquisition opportunity will simply accelerate the pace. The next 45 days will be key and we are extremely confident in our future success."
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.
Market Data 
Markets 
AI
