SOURCE: Oriens Travel & Hotel Management Corp

October 07, 2014 08:16 ET

New Incoming CEO Completes Oriens' Multi-Million Dollar Purchase

Bahia Encantada Becomes Oriens' First Property Purchase; Revenue Projections Increase Substantially

LAS VEGAS, NV--(Marketwired - Oct 7, 2014) - Oriens Travel & Hotel Management Corp. (OTC Pink: OTHM) (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, recently merged with E-Network de Costa Rica SA ("E-Net") -- soon to be known as Pure Hospitality Solutions, Inc. [pending FINRA approval] -- announced that new incoming President & CEO, Melvin Pereira, has completed Oriens' first multi-million dollar international property acquisition of Global Asset Management Holdings' interest in Bahia Encantada.

"Correct me if I am wrong, but I do believe this is the best way to begin my tenure as CEO," said Mr. Pereira. "While my commitment, hard work and dedication shouldn't be completely valued based on my delivering a substantial amount of assets within weeks of my executive nomination, it does speak loudly to my mandate. I get the job done!"

Management confirms that Global Asset Management Holdings' interest in Bahia Encantada reflects an achievable market value upwards of $8 Million USD; $10 Million USD relative to neighboring developments. This ultimately increases the Company's projected revenues substantially. This acquisition also delivers an additional mid-seven figures of net profit to Oriens (PURE Hospitality Solutions), should all aspects of the transaction conclude favorably.

The Bahia Encantada acquisition is completed in two parts. Details of the transaction will further be disclosed tomorrow (Wednesday, October 8th, 2014) on the corporate blog. However, management indicated that Mr. Pereira structured the transaction in such a way to be easily managed. The Company will also look to rebrand its Bahia Encantada holdings with the new PURE brand, and, will soon deploy a retooled version of the FROL (Friendly Reservations Online) to manage online bookings.

Mr. Pereira concluded, "This is just the beginning. We absolutely have a long road ahead. It will not be an easy path, as I did inherit quite a mess. However, look at what we just accomplished. I am confident we will have a lot of fun traveling this journey together. Just remember, No One Gets Left Behind!"

About Oriens Travel & Hotel Management Corp. ( (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.

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Related Links:
Pure Hospitality Solutions, Inc. Pinterest (BE):
Pure Hospitality Solutions, Inc. Bahia-Encantada Video:
Pure Hospitality Solutions, Inc. Facebook:
Pure Hospitality Solutions, Inc.Twitter:
Pure Hospitality Solutions, Inc.Google +:

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.

Contact Information

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