SOURCE: Oriens Travel & Hotel Management, Inc.

July 02, 2014 07:59 ET

Oriens Provides Significant Updates: Share Reduction Program to Be Initiated Today; Auditor Named & More

LAS VEGAS, NV--(Marketwired - Jul 2, 2014) -  Oriens Travel & Hotel Management Corp. (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today that the Company's President, Mr. Ken Chua, has made a scheduled and significant shareholder update; furthering corporate communications and increasing Company transparency -- discussing some very exciting news. 

The update provides insight on the completion of the Costa Rican property acquisition as well as the Company's current branding opportunity. Oriens also revealed that the process to begin phasing in the share reduction program for the authorized shares will be initiated today. An auditing firm has also been identified.

"This is one of the most important shareholder updates we have given since offering this as an additional tool of transparency," stated Ken Chua, President of Oriens. "Topics such as initiating the process for the authorized share reduction program, selecting an auditor, and Oriens' impending capital shift is exciting!" 

Mr. Chua concluded, "While this update is rather short and to the point, the coverage is significant, with a message that is impactful and very clear."

To read our Shareholder Update, please visit -- Growth, Value & Confidence:

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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Twitter: @orienscorp

Contact Information

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