LAS VEGAS, NV--(Marketwired - Feb 5, 2014) - Oriens Travel & Hotel Management Corp. (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today that OTHM and Hundley Associates Costa Rica SRL, ("Hundley Associates"), are exploring a Shareholder Excursion to Jaco Beach in support of investor due diligence efforts -- furthering Oriens' transparency initiative.
"The impending merger/acquisition represents a major evolution in Oriens' history," stated Ken Chua, President of Oriens Travel & Hotel Management. "We want to share our excitement with shareholders, and what better way to do so than to invite the investment community as a whole, down to Jaco Beach for a short stay with both Oriens' and Hundley Associates' management."
Management has indicated that the suggested shareholder event would include a tour of Daystar Properties' real estate developments, Hundley Associates current and future projects, a presentation from Oriens' tech and operational teams regarding the future of the FROL system (Friendly Reservation Online) in Central and South America, and, a celebration of the merger/acquisition. More information regarding the plans for this unique shareholder meeting will be further detailed during the February 14th Shareholder Update.
Mr. Chua concluded, "We want to give the investment community the ability to essentially explore this transaction by physically seeing it for themselves; meeting the teams behind it all. Only then will the rest of the market realize exactly what our current shareholders already know. Hard assets, multiple revenue sources, technology roll-outs and a well bolstered executive management and board, will deliver substantially increased opportunities to Oriens as well as our committed stakeholders."
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.