LAS VEGAS, Jan. 21, 2009 (GLOBE NEWSWIRE) -- Oriens Travel and Hotel Management Corp. (Pink Sheets:OTHM) (http://www.orienscorp.com), a company that seeks out mid/lower-end hotel properties in developing countries and re-organizes them under the Hotel PURE brand (www.HotelPURE.com), is pleased to announce the service contract consummated with the Tourism Chamber of Guanacaste, Costa Rica, to service all incoming visitors into the Liberia International Airport of their travel needs.
Over 200,000 visitors arrive into the Liberia International Airport yearly from the United States and Europe to visit various vacation spots in the Northern and Western regions of Costa Rica which consist of some of the best gems of the country. Roughly 50% of these visitors arrive into the country with no prior accommodation arrangements. As a result, the official Guanacaste Tourism Chamber information booth located at the luggage pick-up area in the arrival hall of the airport is always flooded with visitors requesting local Costa Rica hotel information upon their arrival. Traditionally in the past, the representatives would give out pamphlets of hotels to these visitors. The visitors would then make their way to the hotels via local taxis.
With the consummating of this Service Contract, Oriens will install its FROL booking engine into the information booth at the airport, allowing representatives at the booth to instantly execute real-time bookings into hotels requested by these visitors. Both the Tourism Chamber of Guanacaste and Oriens believe this initiation will greatly assist the visitors arriving into the airport with all their hotel accommodation and transfer needs. The Service Contract will generate Oriens a transaction fee for every successful booking made through the FROL booking engine at the booth. Oriens projects sales revenue in excess of $3,000,000 yearly to be processed from the booth.
Ken Chua, President of Oriens, stated, "We are extremely excited for our FROL booking engine to be recognized and approved by the Tourism Chamber of Guanacaste of Costa Rica and for it to be installed into their information booth in the International Airport. This is a great reward to our entire team, proving yet again we are on the right track with respect to our business model and look forward to more achievements in the near future."
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The above statements in regard to Oriens, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Oriens' beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.