CEO Injects Hard Assets and Revenues – Slates Course to Support Initial Restructuring
Las Vegas, NV / ACCESSWIRE / November 12, 2014 / Oriens Travel & Hotel Management Corp. (OTHM) (OTC Pink: OTHMD) (PINKSHEETS:OTHMD) (“Oriens”), the Next Generation International Hotel Brand Operator, recently merged with E-Network de Costa Rica SA (“E-Net”) – now officially known as Pure Hospitality Solutions, Inc., proudly announced today that the Company has effectuated its reverse split, successfully completing the initial restructuring; bringing the capitalization table one step closer to supporting the true value of the Company’s newly acquired assets and revenue.
“I’d like to take this opportunity to welcome everyone to Pure Hospitality Solutions, a new, invigorated Company, where management only has growth on our mind,” stated Melvin Pereira, President & CEO of Pure Hospitality Solutions. “We are fortunate enough to begin our Pure journey with several million dollars in hard assets, real revenues, and a team that knows how to get the job done.”
“The Pure portfolio consists of real estate, development projects and proprietary intellectual property/technologies; supported by a management team having a plethora of industry knowhow. In addition to newly injected revenues, we have been acquiring assets across Jaco Beach, Costa Rica; one of the top ten countries to invest in real estate. We plan on building the ‘by PURE’ brand into one of the most recognizable names in Jaco. Then, internationally, as our portfolio and reach continue to grow.”
“I personally started full-throttle from day one, demanding the best of my team, our investors and anyone else associated with PURE. I have absolutely no intention of slowing down, until PURE is what we envision it to be.”
As noted within the corporate blog post, “Restructuring Details” (http://bit.ly/1Erhbfa), the Company will now trade under the ticker OTHMD for the next 20 business days. The Company will then begin trading under the symbol PNOW, effective December 10th, 2014. The shares of both the authorized stock and the common outstanding stock have undergone a reverse split at a ratio of 600 to 1. The authorized shares now reflect 200,000,000 shares of common stock, while shares of the outstanding stock now reflect approximately 3,044,825 (subject to adjustment due to the effect of rounding fractional shares into whole shares). Shareholders holding between 1 share and 139,800 shares of the Company’s common stock were “rounded up” to 233 shares of the common stock – post reverse. Mr. Pereira instituted the round up program specifically to ensure that no shareholder was reversed out of the stock; preserving stockholder participation.
Mr. Pereira concluded, “Truth is, there is still much to do. We have an audit to get underway with MaloneBailey, LLP, debt reductions to complete, more assets to acquire, the new ‘brand’ to launch, a retooled online hospitality booking engine to re-launch and most important, a rights offering to strategize as a means to reward all of those shareholders who have and will continue to take this crazy exciting ride with us.” As my American team says, “It is now time for you to ‘get your PURE on!’ To shareholders of the old and now the new. Muchas Gracias.”
**Note** The Company will soon begin to phase out the Oriens name, logo and description from future press releases and other formal/informal means of communication.
About Oriens Travel & Hotel Management Corp. (www.orienscorp.com) (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.
Restructuring Details: https://orienscorp.wordpress.com/2014/11/11/restructuring-details/
Retained Auditing Firm: http://www.malonebailey.com/
Pure Hospitality Solutions, Inc. Pinterest (BE): http://www.pinterest.com/purehss/bahia-encantada/
Pure Hospitality Solutions, Inc. Bahia-Encantada Video: http://www.purenow.solutions/Videos/PURE.mp4
Pure Hospitality Solutions, Inc. Facebook: https://www.facebook.com/PUREnow
Pure Hospitality Solutions, Inc.Twitter: https://twitter.com/purehss
Pure Hospitality Solutions, Inc.Google +: https://plus.google.com/+PurenowSolutionsplus/
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.