[b]$OTHM[/b] >> Substantial Increase In Net Profits Makes Oriens' Booking Engine An Attractive Service Offering To New Properties In Costa Rica
LAS VEGAS, July 2, 2013 /PRNewswire/ -- Oriens Travel & Hotel Management Corp. (OTC: OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today that on the heels of securing arrangements to provide a new 5 Star development, Club India Casino & Resort (theme hotel), with online marketing and internet booking services, the company is exploring expansion options throughout the country as it preps to provide services to another Costa Rican property.
"We are fortunate to have gathered momentum within an area of Central America which is not yet dominated by one of the large hotel booking engine service providers," stated Ken Chua, President of Oriens. "This affords us the ability to position our FROL booking engine as a 'choice' online hotel reservation system for both developing and existing destinations within Costa Rica."
Management indicated that the FROL hotel booking system is being considered for use by yet another property within the Latin country. The rising interest stems from what Chua says is an average 27% increase in profits for those Costa Rican properties utilizing Oriens' online marketing and internet booking reservation service during 2012.
Chua concluded, "We are currently in talks with organizations in Costa Rica regarding the use of our FROL system throughout various aspects of hospitality. If we remain on this path and are granted the ability to continue growing with our primary benefactor, the possibility for future venture opportunities is greatly anticipated."
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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SOURCE Oriens Travel & Hotel Management Corp.
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