Oriens Upgraded to OTC Markets' Current Status
Current Filer Status -- Prelude to Commencing Audit as Merger/Acquisition Nears
LAS VEGAS, NV--(Marketwired - Mar 5, 2014) - Oriens Travel & Hotel Management Corp . (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today that the company has reached a higher level of transparency and has been upgraded to the Pink Sheets Current Information Status by OTC Markets.
"We have disclosed our financial information to the investment community in a fashion that is becoming of a fully transparent company," stated Ken Chua, President of Oriens Travel and Hotel Management Corp. "This endeavor has transformed Oriens into a Company poised for an imminent, multi-million dollar merger/acquisition."
Ken Chua continued, "We have received an influx of optimistic input since we've updated our financials, and shareholders are very pleased with the transformation we've taken to prepare for upcoming opportunities. Of course, we will not stop here. We expect to commence the auditing process very shortly."
Ken Chua concluded, "The most exciting part of this transformation process, is having the opportunity to share the end result with our shareholders in Costa Rica. The proposed reduction of the authorized, the pending merger/acquisition, and, anticipated infusion of both capital and assets, makes this journey worth the while -- for prosperity, confidence and overall value."
About Oriens Travel & Hotel Management Corp. ( www.orienscorp.com ) (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.
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