SOURCE: Oriens Travel & Hotel Management Corp.

OTHM, Oriens Travel & Hotel Management Corp, Hotel PURE, Pinksheets, AAHOA, Venetians Hotel

April 01, 2011 07:30 ET

Oriens to Build a World Class Green Destination Resort in Costa Rica

LAS VEGAS, NV--(Marketwire - April 1, 2011) - Oriens Travel & Hotel Management Corp. (PINKSHEETS: OTHM), www.OriensCorp.com, the Next Generation Global Boutique Hotel Brand Operator, operating the Hotel PURE brand (www.HotelPURE.com), is pleased to announce that the company has entered into a definitive memorandum of understanding to design and build a World Class Green Compliance Destination Resort in Costa Rica.

The agreement has been signed with S.V. International Developers S.A., a Costa Rican company (Montanas del Pacifico) (www.montanaspacifico.com) which presently owns a partially developed 360 acre land parcel in the Puntarenas area of Costa Rica overlooking the Pacific Ocean. The property will be developed into a World Class Green Compliance Destination Resort that will incorporate both condominium villas and cabanas, a club house, multiple swimming pools with swim-up wet bars, volcanic driven health spa, multiple restaurants to include both international cuisines and local Costa Rican delicacies, bars, canopy/zip-line rides, equestrian center, water park, gift shops, excursion facilities and much more. An 18-hole championship golf course is also being planned to be integrated into the resort, which will truly enhance the premier image of the property. The resort will be designed and constructed as a Green certified property to meet and exceed current environmental building requirements. Oriens will assume the leading role for the overall design and subsequently oversee the construction of the resort and infrastructure requirements, the operation of which will be managed under the Hotel PURE brand.

This is a truly remarkable destination resort property and investors looking for second homes with a tropical lifestyle will be able to take advantage of this opportunity and purchase villas or condos at a fraction of the price found elsewhere in Costa Rica for the Phase 1 units surrounding the main attractions of the resort. Investors will have the option of purchasing raw parcels of land to build their own dream villas or cabins, or take advantage of the fully furnished luxury cabanas (condos) pre-built by the developers.

Ken Chua, President and CEO of Oriens, stated, "This is truly a huge opportunity for Oriens to spearhead the development of a 5-Star World Class Green Compliance Destination Resort in Costa Rica. On completion of the leisure component of Phase 1, the property will become the flagship and company's SIGNATURE brand -- a flag the hotel can fly with pride."

Ken Chua concluded, "Our team and the property owner have been working with the project architect on the overall design of the main attraction area and a rendering of the villas, cabanas and commercial development. We expect to have preliminary designs completed in the next few weeks. On approval of the infrastructure designs, it will then be possible to offer pre-sale properties to investors and residents. We look forward to the completion of these schematics in the coming weeks to initiate making the villas and cabanas available for pre-sale purchase, as well as starting on the construction phase."

About Oriens Travel & Hotel Management Corp.
Oriens (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 and payment 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.

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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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