LAS VEGAS, Aug. 15, 2013 (GLOBE NEWSWIRE) -- The news release, "Oriens' Market Position Expected To Increase Exponentially," issued Monday, August 12 th , 2013, by Oriens Travel & Hotel Management Corp., (PINKSHEETS: OTHM ), did not receive a full electronic distribution and therefore requires a reissuance of the press to ensure the company remains in compliance with fair disclosure requirements. Hence, the following is an exact restatement and reissuance of the original release:
Oriens' Market Position Expected to Increase
Meeting Abroad Brings Proposed Multi-Million Dollar Venture Closer to Fruition
Las Vegas, August 13, 2013, Oriens Travel & Hotel Management Corp . (OTC:OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand , announced today that the company, along with its business development and finance team, will be returning to the states from talks surrounding a venture of enormous size and potential.
"The plan for what is being discussed was put into motion just over one year ago when testing of the FROL system was implemented in a few of the Day Star Properties' locations," stated Ken Chua, President of Oriens Travel & Hotel Management. "At that time, what we hoped for, at best, is nothing compared to what we are now exploring. The impact, both financially and fundamentally, could evolve Oriens exponentially."
Management suggests, what could be a merger/acquisition, has the probability of delivering as much as $30 Million in assets and immediate cash flows to Oriens. Preliminary discussions with Billion Dollar investment firms have already resulted in suggested capital infusions of roughly $10 Million to Oriens, should a viable transaction emerge; and a greater amount staged out over time on the heels of the initial financing.
Mr. Chua continued, "Given that our prospective relationship is with a private company and the principal too is a very modest and private person, we cannot expose many details at this time. However, the overall probability of success is likely and could occur in short order, should all go well over the next 45 to 60 days. The most encouraging outcome is not simply the diversification of our company – which includes the addition of extremely seasoned and competent management – but the broader positioning of our internet marketing and online booking reservation systems."
The developing relationship could position Oriens as a primary provider along the entire Central Pacific region of the country, making just this aspect of the company [online booking] a valuable solution for both a rapidly growing destination spot, as well as for those major online booking engine companies who seek an immediate and formidable presence in the region.
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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