SOURCE: Oriens Travel & Hotel Management Corp
LAS VEGAS, NV--(Marketwired - Nov 1, 2013) - Oriens Travel & Hotel Management Corp. (http://www.orienscorp.com) (OTC Pink: OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand (http://www.orienscorp.com), announced today that the Company's President, Mr. Ken Chua, has released a "Statement of Progress" speaking to the proposed phases of the targeted launch of its standalone online hotel search and reservation booking engine with complementary mobile apps. With mobile travel company receiving recent valuation of approximately $800 Million due to significant equity investment from Sequoia Capital, the President's statement will lend further clarity to the Company's true motivation for the public release of its technology.
Also discussed: progress of merger/acquisition exploratory talks, future anticipated use of the FROL system by entertainment/hospitality venues in Costa Rica (such as theaters and stadiums), possible stock buy-back and authorize share reduction options along with a number of other topics impacting the Company's growth, shareholder value and overall market confidence.
To read President's Address, please see: "President's Statement of Progress," or visit: http://orienscorp.wordpress.com/presidents-statement-of-progress/
About Oriens Travel & Hotel Management Corp. (www.orienscorp.com) (OTC Pink: 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 captured 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.