$OTHM Alert. News ~ Oriens to Obtain Traditional F
Post# of 63700
Posted On: 07/29/2014 11:09:34 AM
$OTHM Alert. News ~ Oriens to Obtain Traditional Financing – Facilitating Acquisitions; Non-Toxic Asset Based Funding Will Help Complete Pending Closings and Other Negotiated Properties
http://finance.yahoo.com/news/oriens-obtain-t...00575.html
LAS VEGAS, NV / ACCESSWIRE / July 17, 2014 / Oriens Travel & Hotel Management Corp. (OTC PINK: OTHM) (OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today, that Oriens, via its associate partnerships, has been approved to receive traditional asset backed financing in excess of $2 Million.
"We are very conscious of toxic-financing and how it detrimentally affects shareholders," stated Ken Chua, President of Oriens Travel & Hotel Management. "This is why having hard assets, which can be leveraged through more traditional and conservative, non-toxic fundings, is so important; ultimately to shareholders and for overall Company value. Through our partnerships in Costa Rica, we have been able to accomplish just that and so much more."
The Company is deploying a two part strategy to finance its endeavors. First, traditional real estate loans will act as bridge capital. Next, Oriens will secure long-term equity based financing – eliminating debt while increasing equity ownership; providing Oriens with non-toxic operating capital. Currently, the Company is in talks to secure close to $10M in long-term equity based financing.
Mr. Chua concluded, "We expect to secure our first bridge capital funding during the next scheduled trip down to Costa Rica. This will assist us with completing our initial acquisition, while advancing our position with negotiations for two additional properties in Jaco."
Management indicated the Company is on schedule to complete its acquisition.
http://finance.yahoo.com/news/oriens-obtain-t...00575.html
LAS VEGAS, NV / ACCESSWIRE / July 17, 2014 / Oriens Travel & Hotel Management Corp. (OTC PINK: OTHM) (OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today, that Oriens, via its associate partnerships, has been approved to receive traditional asset backed financing in excess of $2 Million.
"We are very conscious of toxic-financing and how it detrimentally affects shareholders," stated Ken Chua, President of Oriens Travel & Hotel Management. "This is why having hard assets, which can be leveraged through more traditional and conservative, non-toxic fundings, is so important; ultimately to shareholders and for overall Company value. Through our partnerships in Costa Rica, we have been able to accomplish just that and so much more."
The Company is deploying a two part strategy to finance its endeavors. First, traditional real estate loans will act as bridge capital. Next, Oriens will secure long-term equity based financing – eliminating debt while increasing equity ownership; providing Oriens with non-toxic operating capital. Currently, the Company is in talks to secure close to $10M in long-term equity based financing.
Mr. Chua concluded, "We expect to secure our first bridge capital funding during the next scheduled trip down to Costa Rica. This will assist us with completing our initial acquisition, while advancing our position with negotiations for two additional properties in Jaco."
Management indicated the Company is on schedule to complete its acquisition.
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