Oriens Completes First Round of Financing to Initiate Primary Acquisition
23 May 2014 - 10:16PM
Marketwired
Oriens Completes First Round of Financing to Initiate Primary
Acquisition
LAS VEGAS, NV--(Marketwired - May 23, 2014) - Oriens Travel & Hotel Management
Corp. (PINKSHEETS: OTHM), the Next Generation International
Hotel Brand Operator, announced today, that on the heels of a
successful trip in April, OTHM executives/consultants have made a
second trip to Costa Rica, in less than 30 days after securing the
company's first round of non-toxic financing, to initiate the
primary targeted acquisition.
"It's been business as usual," stated Ken Chua, President of
Oriens Travel & Hotel Management. "Regardless of any
situation that may have appeared to hinder our progress, I assure
you, our team has pulled it together. With the first round of
non-toxic financing made available to initiate the acquisition
process, we will proceed forward as initially intended."
Management indicated that their original anticipated transaction
actually morphed into an opportunity far more promising than
expected. This has led to Oriens' second trip to Costa Rica, to
meet with real estate builders, brokers, attorneys, lenders and
investors, as well as, internet booking engine technology
teams.
Mr. Chua concluded, "This first round of financing gives us the
ability to move things along, by opening up important dialogs and
making key payments. We expect to finally be in the position
previously discussed with shareholders. However, our projected
outlook appears to be much more prosperous today."
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.
Related Links:
Blog: http://orienscorp.wordpress.com/ Twitter: @orienscorp
Contact: Team Oriens IR Div. (702)
483-0318
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