Under the terms of Pure Hospitality Solution’s trademark, Oveedia, the word will be recognized and protected for a term of 10-years, with 10-year renewal options thereafter. Management also indicated that “Oveedia has been officially transferred to Rackspace and last minute wrinkles are being ironed out.” Management also expressed great appreciation to its long-term investors, shareholders, supporters and consultancy team, stating, “we would not be here today without all of you. We are thrilled to soon deliver the first iteration of the OTA platform everyone has been waiting for.”