SOURCE: Oriens Travel & Hotel Management, Inc.

August 27, 2014 08:59 ET

Oriens Prepares for Shift: Redefines Business Model

LAS VEGAS, NV--(Marketwired - Aug 27, 2014) - Oriens Travel & Hotel Management Corp. (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, announced today that as the Company stands ready to re-launch a fresh version of the 'Hotel PURE' brand and the FROL (Friendly Reservations Online), management confirms there will also be a restatement of the business model to reflect current endeavors and operational developments.

Currently, Oriens is identified as, "providing proprietary technology, marketing solutions, infrastructure and branding services to Hotel operators. The Company's vision is to build competitive operations in the areas of (i) online marketing and hotel internet booking engine services, (ii) hotel branding and management, and, (iii) own, operate and in some instances develop, boutique hotels under the Hotel PURE brand."

The general premise of the above corporate profile, would remain the same in many respects. However, given current developments (pending acquisitions, partnership merger, audit, exchange and capitalization adjustment, director and executive enhancements as well as anticipated financing) the method of growth and execution has greatly evolved. Having non-toxic financing, secured with the assistance of associated partners and consultants, Oriens should shortly have a balance sheet reflecting tens of millions of dollars in new international assets and an expanded brand presence projecting significant revenue values.

Management indicated that the overall business model must be retooled and restated -- with the executor being of the most appropriate stature -- in order to offer the markets absolute clarity as to the magnitude of what OTHM is now poised to accomplish.

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.

Related Links:

http://finance.yahoo.com/news/oriens-prepares-debut-refreshed-brand-124500427.html
http://finance.yahoo.com/news/oriens-list-120412041.html
http://finance.yahoo.com/news/oriens-engages-pcaob-auditor-121500067.html

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Twitter: @orienscorp
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Contact Information

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