OTHM news out this morning setting up for 005 breakout imo
Oriens' Online Booking System Enables Canciones Del Mar to Achieve Milestone: One Thousand Reservations; Less Than 180 Days
2013-03-07 08:33 ET - News Release
LAS VEGAS, NV -- (Marketwire) -- 03/07/13
Oriens Travel & Hotel Management Corp. (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today that international hotel Canciones Del Mar has hit a milestone using Oriens' online booking reservation system, achieving its 1,000th Online Reservation in just under 6 months.
"This is by no means an exception, as noted by the success of our other clients," stated Ken Chua, President of Oriens. "Still, it continues to be rather impressive; taking a hotel located abroad, never having an internet presence or online reservation system, implementing the Oriens' booking engine, and suddenly, increased reservations and revenues. We are only just getting started."
Management remains steadfast on building its hotel branding and management company, Hotel PURE. However, people close to Oriens suggest that its reservation system and the marketing process the Company employs seem to be extraordinarily proficient. The success of OTHM's booking engine has spurred the company's pursuit of developing the reservation system and offering it as a standalone product.
This effort is the catalyst for OTHM developing the CMS FROL plug-ins and development of the mobile apps. Launching the internet booking engine as a standalone product "is a no brainer," stated Chua.
He continues, "Our online booking engine and internet marketing process has been tested time and again, passing with flying colors. With booking engines like Agoda and Cendant being purchased for hundreds of millions of dollars, this has become low hanging fruit for OTHM and we intend to leverage its fullest potential."
Oriens has integrated its online booking engine into a number of properties abroad in the past year and expects to hear similar results across the board during the upcoming months.
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.
Contact:
Team Oriens
IR Div.
(702) 483-0318
