SOURCE: Oriens Travel & Hotel Management, Inc.

May 23, 2014 08:16 ET

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. ( (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.

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Contact Information

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