LAS VEGAS, Aug. 22, 2013 (GLOBE NEWSWIRE) -- Oriens Travel & Hotel Management Corp. (US OTC - Pinksheets:OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today that the company expects to raise in excess of $10 Million should its proposed venture come to fruition – giving management more than enough capital to broaden its current bi-lateral business model, as well as expand operations by way of an enhanced and experienced management team.
"Just six months ago, capital conversations barely tipped one million dollars," stated Ken Chua, President of Oriens Travel & Hotel Management. "As the proposed venture came into focus, funding discussions began to range between eight million and ten million dollars. However, upon our return from the trip to Costa Rica, investment interest has exceeded ten million dollars. This is surely one of the best scenarios Oriens has seen in the past six years. We expect that our efforts here will strengthen shareholder value and instill an even greater bode of confidence."
Management indicated that once the preliminary terms of the proposed venture are approved, the company will begin working toward the PCAOB Audit and up-listing, to an exchange better suited for the anticipated venture. Expectations are high for the future of Oriens growth.
Further, the news releases, "Oriens Expands Reach of Hotel PURE Brand Through Arrangement with Expedia," and, "Oriens' Merger/Acquisition Opportunity Kicks into High Gear," issued July 31st, 2013, and, August 7th of 2013, respectively, by Oriens Travel & Hotel Management Corp., (US OTC - Pinksheets:OTHM), did not receive full electronic distribution. Restatements of the aforementioned headlines and links to the respective press releases have been provided to ensure the company remains in compliance with fair disclosure requirements. The following is an exact restatement of the original headlines with respective links:
Oriens Expands Reach of Hotel PURE Brand Through Arrangement with Expedia
Oriens' Merger/Acquisition Opportunity Kicks into High Gear
About Oriens Travel & Hotel Management Corp. (www.orienscorp.com) (US OTC - 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.
CONTACT: Team Oriens IR Div. (702) 483-0318Source:Oriens Travel & Hotel Management Corp.