LAS VEGAS, Oct. 30, 2008 (GLOBE NEWSWIRE) -- Oriens Travel & Hotel Management Corp. (Pink Sheets:OTHM) (http://www.orienscorp.com), a company that seeks out mid/lower-end hotel properties in developing countries and reorganizes them under the Hotel PURE brands, is pleased to announce the company has completed its new online booking and processing engine, FROL (Friendly Reservations On Line), which aims at servicing travel related businesses in Central America and the Caribbean region.
Further to Oriens' business model, the company has completed, designed and finalized a new and extremely robust stand alone online booking and processing engine, FROL, aimed at servicing various different travel related businesses. FROL is so robust and powerful that it can be customized to service any company that conducts business on the Internet. The potential clients for FROL include small/medium size hotels, tour operators, car rental companies, travel agents and other travel related businesses. FROL will turn these businesses' web sites from a pure digital media into a global point of sales in just a few days after integration. As the Internet becomes more powerful on a daily basis, and more travelers turn to the Internet to book their travel needs, according to www.TIA.ORG, almost 96 million people in the U.S. use the Internet to book their travel needs today, small/medium size online businesses need to be more competitive by capturing their customers' purchases while they are visiting their web sites. Oriens will be there to facilitate their needs.
Ken Chua, President of Oriens stated, "FROL will play yet another important role in our revenue model going forward. Utilizing this extremely powerful online booking tools catered to the travel industry and the amount of interests received from the tourism sector in Costa Rica, we believe we will achieve sales of no less than $10 million USD in 2009 and up to $100 million USD yearly by 2011, from FROL. Currently Costa Rica receives just over $2 billion USD a year from the hotel accommodation industry and growing. Judging from these figures, we are extremely conservative with our projections and these figures do not reflect growth potential into other countries in Central America and the Caribbean."
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.