SOURCE: Oriens Travel & Hotel Management Corp

October 10, 2014 08:19 ET

Oriens Discusses Recapitalization and Merger

Proposed Action Supports Anticipated Valuation; Protects Shareholder Interest

LAS VEGAS, NV--(Marketwired - Oct 10, 2014) - Oriens Travel & Hotel Management Corp. (OTC Pink: OTHM) (PINKSHEETS: OTHM) ("Oriens"), 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] -- today explains the efforts to recapitalize Oriens, and the steps taken to protect shareholder interest.

"Considerable resources have gone into ensuring that this merger, and the recapitalization of Oriens, was methodically contemplated and properly organized," commented a Senior Board Member. "E-Net went out on a limb for Oriens' shareholders, leveraging its relationships to assist Oriens in securing the engagement of our initial acquisition target, while obtaining conventional and non-dilutive financing to further Oriens's growth efforts. E-Net also began increasing its own real estate portfolio to support its alliance with Oriens -- prior to the realization of the merger. This includes the multi-million dollar acquisition of Bahia Encantada -- which is now an asset of Oriens -- and greatly contributes to warranting a restructuring of Oriens capital stock."

The merger requires Oriens to amend and change the Oriens' Articles of Incorporation where it concerns: (a) Company name, (b) the capital stock restructuring, (c) consideration issued to E-Net, and, (d) a decrease in the authorized stock.

One item of note, is that in the restructuring process, Oriens has instituted a "Round-Up" program, commensurate with the reduction of Oriens' capital stock. The Round-Up strategy helps to assure that no shareholder is phased out of their holdings; echoing the CEO's sentiments, "No One Gets Left Behind!" All shareholders will remain shareholders.

"We intend to build value, not take it away," stated Melvin Pereira, President & CEO of Oriens.

While there will always be detractors to Oriens' strategy and growth proposition, the overall feedback from Oriens' actual shareholders and the public remains largely favorable. Blog, email and social media communications reflect general comfort with the need of a plan to recapitalize; seemingly supported by the absence of a shareholder exodus. This does not imply all aspects of Oriens' growth plans are completely amenable to all investors. However, management firmly believes that through intense due diligence, both shareholders and the broader market, will come to determine that "this management is positioned to be successful," concluded Mr. Pereira.

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.

Twitter: @orienscorp

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