$PNOW huge news last week ~ Pure Set to Complete S
Post# of 144432
Posted On: 05/09/2016 10:46:54 AM
$PNOW huge news last week ~ Pure Set to Complete Securities Buyback Program
http://finance.yahoo.com/news/pure-set-comple...00222.html
LAS VEGAS, NV--(Marketwired - May 5, 2016) - Pure Hospitality Solutions, Inc. (OTC PINK: PNOW), parent Company of the Central American-Caribbean online travel Agency (OTA) Oveedia (www.Oveedia.com), announced today, that in the upcoming days, the Company shall make its fourth and final payment in the Debt Repurchase Program, strengthening the Company's current capitalization structure and furthering its debt reduction initiative.
"Once we make this final payment, we will have successfully completed this phase of the Debt Reduction Initiative, repurchasing all of the toxic debt targeted in the Debt Repurchase Program," stated Melvin Pereira, President and CEO of Pure Hospitality Solutions. "I am proud to say, it is at this point, that shareholders should truly be able to begin seeing the light at the end of the tunnel."
Clearing the slate of toxic notes couldn't have come at a better time, as the Company prepares for the highly anticipated hospitality event, Expotur 2016. With the Company continually receiving growing interest from hoteliers, making room for more suitable, long-term capital infusions -- achieved by staving off dilution, equates to faster market penetration and stronger advertising budgets.
Pereira continued, "In fact, the interest is so high, that even while we're exploring the options of engaging a well-heeled, well known international marketing firm to handle our marketing outreach, its seems like Expotur 2016 will actually kick off our outreach strategy, one month earlier than planned. So, I'm confident that we will meet our 2016 benchmark of new property listings with Oveedia."
Management strongly believes that the Company is on track to quickly build an online travel database hosting Central America's premier and underserved properties. This would position Oveedia as a value-added opportunity to any major online travel operator (i.e. Priceline, Expedia, etc.). Even a systems company like Google, who has begun a push into this market, would likely find valuable interest in the Oveedia online travel brand. Therefore, management remains confident, that with this upcoming fourth and final payment of its securities buyback plan, shareholder confidence should rise significantly; reflecting greater opportunities for PNOW shareholders.
$PCLN $EXPE $TRIP
http://finance.yahoo.com/news/pure-set-comple...00222.html
LAS VEGAS, NV--(Marketwired - May 5, 2016) - Pure Hospitality Solutions, Inc. (OTC PINK: PNOW), parent Company of the Central American-Caribbean online travel Agency (OTA) Oveedia (www.Oveedia.com), announced today, that in the upcoming days, the Company shall make its fourth and final payment in the Debt Repurchase Program, strengthening the Company's current capitalization structure and furthering its debt reduction initiative.
"Once we make this final payment, we will have successfully completed this phase of the Debt Reduction Initiative, repurchasing all of the toxic debt targeted in the Debt Repurchase Program," stated Melvin Pereira, President and CEO of Pure Hospitality Solutions. "I am proud to say, it is at this point, that shareholders should truly be able to begin seeing the light at the end of the tunnel."
Clearing the slate of toxic notes couldn't have come at a better time, as the Company prepares for the highly anticipated hospitality event, Expotur 2016. With the Company continually receiving growing interest from hoteliers, making room for more suitable, long-term capital infusions -- achieved by staving off dilution, equates to faster market penetration and stronger advertising budgets.
Pereira continued, "In fact, the interest is so high, that even while we're exploring the options of engaging a well-heeled, well known international marketing firm to handle our marketing outreach, its seems like Expotur 2016 will actually kick off our outreach strategy, one month earlier than planned. So, I'm confident that we will meet our 2016 benchmark of new property listings with Oveedia."
Management strongly believes that the Company is on track to quickly build an online travel database hosting Central America's premier and underserved properties. This would position Oveedia as a value-added opportunity to any major online travel operator (i.e. Priceline, Expedia, etc.). Even a systems company like Google, who has begun a push into this market, would likely find valuable interest in the Oveedia online travel brand. Therefore, management remains confident, that with this upcoming fourth and final payment of its securities buyback plan, shareholder confidence should rise significantly; reflecting greater opportunities for PNOW shareholders.
$PCLN $EXPE $TRIP
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