OTHM LAS VEGAS, NV--(Marketwired - Dec 6, 2013) -

OTHM LAS VEGAS, NV--(Marketwired - Dec 6, 2013) - Oriens Travel & Hotel Management Corp. (OTC Pink: OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today that the Company has reached an amicable arrangement with its debt holders (in principle) which will allow Oriens to reduce its current Authorized Shares.

"For the sake of future and pending endeavors, it is important we convey to the market that this Company and its management have the most sincere intentions to grow our organization," stated Ken Chua, President of Oriens Travel & Hotel Management. "The proposed reduction however, has to be made responsibly and with better foresight than that of the original increase. This means finding an amicable solution to the current rate of conversion -- which we believe has been achieved."

The Company has not yet confirmed the number of shares to be reduced from the Authorized Share count, but management indicates that it anticipates being able to deduct between one quarter and one third of the shares currently authorized, greatly reducing dilution.

Ken Chua continued, "There are a number of tasks that must be accomplished in order to propel Oriens to the levels at which we're confident we can perform. Managing our corporate structure early in the game is one of them, achieving the 'Current Status' prior to committing to an audit is another. Otherwise, our merger/acquisition, upgraded FROL expansion and perhaps maybe even a new branding opportunity, all seem to be moving along very well."

The Company is currently in the process of formalizing arrangements with its debt holders and should see the action to reduce the shares initiated before the new year.