QualityStocks would like to highlight
Oriens Travel and Hotel Management (
OTC PINK: OTHM), a provider of proprietary technology, marketing solutions, infrastructure, and branding services to hotel operators. The company's innovative platform functions as a powerful vehicle to help hotel operators achieve greater success in three specific areas: (1) expanded international exposure and recognition, (2) powerful core structure, and (3) high occupancy rates that drive increases in bottom-line profits.
In the company’s news,
Oriens Travel & Hotel Management, the Next Generation International Hotel Brand Operator – recently merged with E-Network de Costa Rica SA (“E-Net”) – with a pending name change to Pure Hospitality Solutions, Inc., issued a press release today to announce that it has kicked off one of its two primary revenue-generating initiatives, property sales, ahead of schedule. The news was initially released on Friday via the following corporate blog: http://orienscorp.wordpress.com.
Similar to the company’s rental initiative, it was anticipated that property sales were not to begin until November 2014. However, as a Senior Board Member noted, CEO Melvin Pereira saw no reason for the delay.
Relying on a solid business relationship with RE/MAX Jaco, Melvin Pereira, President and CEO of Oriens has started to sell some of the company’s holdings – the first of which being a commercial unit on a main street in Jaco.
Mr. Pereira commented, “Revenue is key for any company. For the evolved business model of PURE, sales and rentals is what it’s largely all about. While our plans were to begin both revenue initiatives the first week of November, if the tools exist now to get started, why wait? We will not wait! That is my response to that question.”
RE/MAX Jaco began releasing ads for PURE last week, thus putting the Company’s commercial unit up for sale. It is anticipated among company management that Oriens/PURE can realize a return on its investment between 54% and 66%.
Although sales of commercial units and perhaps land parcels may continue to make their way into the sales pipeline early, management continues to expect Mr. Pereira will not begin selling residential condominium properties until November 2014 as originally planned. A Senior Board Member said, “Mr. Pereira believes the best defense is simply a stronger offense. Therefore he will attack matters of revenue generation from every viable angle, as expeditiously as possible.”
Oriens Travel & Hotel Management Corporation engages in the operation of hotels and resorts in the United States and Central America under the brand of ‘Hotel PURE.’ Additionally, the company operates Friendly Reservations Online, a proprietary online booking system used to execute reservations capture through Hotel PURE’s consumer websites and individual hotel websites operated by Oriens on behalf of hotels under the Hotel PURE brand.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
