SOURCE: Oriens Travel & Hotel Management Corp

Oriens Travel & Hotel Management Corp

February 08, 2011 11:30 ET

Oriens Travel & Hotel Management Corp. in Talks With NY Business Development Strategist to Assist With Next Stage Growth

LAS VEGAS, NV--(Marketwire - February 8, 2011) - Oriens Travel and Hotel Management Corp. (PINKSHEETS: OTHM) , with Corporate Website: www.OriensCorp.com, a Global Boutique Hotel Brand Operator, operating its Hotel PURE brand (www.HotelPURE.com), announced that the company is in talks with New York private lending and business development firm, AJENE WATSON, LLC, to assist the Company with future development and growth.

Ken Chua, President and CEO of Oriens, stated, "Today, we represent over 30 hotels. By the end of 2012, we intend to maintain a portfolio of close to 100 hotels with roughly 10% of those being properties we actually own. We have proven time and again we have the acumen and ability to accomplish this. However, going forward we need a group that is not only willing to assist nano-cap companies in navigating the marketplace, but who will also take a vested interest in our firm and work alongside us in accomplishing our goals. I believe that group to be the team at AJENE WATSON, LLC."

People close to Oriens indicated that the company initially sought out the services of AJENE WATSON, LLC nearly one year ago. However, due to the business developer's full client roster and due diligence requirements, it was only recently that the two organizations have begun a series of serious communications moving toward the possibilities of consummating a relationship in the near future. Known for assisting small and start-up companies with restructuring, organizing, developing and deploying long term business plans, the private lending and business development firm was said to be at the top on Mr. Chua's list of possible consultants to work with.

Management suggests a formal engagement between the companies may be imminent. 

About Oriens Travel and Hotel Management Corp.
Oriens Travel and Hotel Management Corp. 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 On-Line, a proprietary, robust and sophisticated on-line booking and payment system designed for executing reservations capture through Hotel PURE guest facing website 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.

Contact Information

  • For further information, contact:
    Oriens Travel and Hotel Management Corp.

    Corporate Website: www.OriensCorp.com
    Contact: Ken Chua
    Email: Email Contact
    Phone: +1 (702) 609-7033