LAS VEGAS, Dec. 4, 2008 (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 reorganizes them under the Hotel PURE brand, is pleased to announce the company has completed the redesign and launch of its new and improved web site, www.HotelPURE.com
The new Hotel PURE Internet web site has been designed with a focus on user friendly access to information. As a result, when navigating around the new web site, the graphic experience has been greatly enhanced, along with easier navigation as the steps to complete room reservations are now simpler and more precise. Visa and MasterCard have also approved all content and a new and more robust database backend now powers the entire web site. Since the launch of the new site, the Company has seen a steady increase in daily room reservations from U.S. and European travelers into hotels in Costa Rica. A detailed financial on the revenue to-date will be disclosed after December 31, 2008, the ending of our fiscal year.
Ken Chua, President of Oriens stated, "We believe that the recent economic situation has played into our hands. Six months ago, to arrange presentation meetings with hotels in Central America was nearly impossible due to their steady business and growth. Today, with the decrease of hotel room reservations and tourism slow down, hotel owners are anxiously looking for solutions to offset the losses. As a result, our Costa Rica office is receiving a significantly increased number of telephone calls inquiring about our products."
Mr. Chua continued, "We will capitalize on this opportunity to welcome new hotels in joining our Hotel PURE network, as well as installing our online reservation and payment processing management engine (FROL, Friendly Reservation On Line) into each hotel's web site for immediate use, allowing Oriens to achieve revenue ahead of projections. As the economy turns around, we will be well positioned to maximize our growth potential."
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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.