SOURCE: Oriens Travel & Hotel Management Corp

September 23, 2014 08:16 ET

International Hospitality Company Oriens Announces New CEO

LAS VEGAS, NV--(Marketwired - Sep 23, 2014) - Oriens Travel & Hotel Management Corp. (OTC Pink: OTHM) (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, announced today that the Company has named Mr. Melvin Pereira as its new Chief Executive Officer, President & Director.

As a result of the Company accepting a "Plan of Merger" during a special meeting of the Board of Directors, on Wednesday, September 10th, 2014; the nomination of Melvin Pereira was also made. This nomination was set in conjunction with a proposed merger with the Costa Rican entity, E-Network de Costa Rica M & A Sociedad Anomima ("E-Net"), of which Mr. Pereira is the principal.

"Mr. Pereira's acceptance of the Board's nomination signifies a major turning point for Oriens," commented a senior Board Member. "Shareholders are long overdue for something this positive to happen at the Company. Under Mr. Pereira's direction, we expect that pending acquisitions will find immediate closure, proposed transactions will be rapidly moved along to fruition with the Company's overall business plan finally being properly evolved and executed."

"Mr. Pereira is an aggressive, no nonsense, hands-on perfectionist who leads by example and demands a high level of performance. This Board and this Company will be all the better and excel under Mr. Pereira's leadership," concluded a senior Board Member.

About Oriens Travel & Hotel Management Corp. (www.orienscorp.com) (OTC Pink: OTHM) (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:

http://finance.yahoo.com/news/oriens-merger-set-close-121800943.html
http://finance.yahoo.com/news/oriens-board-accepts-plan-merger-121500546.html

Blog: http://orienscorp.wordpress.com/
Twitter: @orienscorp
Facebook: www.facebook.com/orienstravel

Contact Information

  • Contact:
    Team Oriens
    IR Div. (702) 483-0318