LAS VEGAS, NV, May 22, 2018 (GLOBE NEWSWIRE) -- Pure Hospitality Solutions, Inc. (OTC PINK: PNOW), the developer of multiple and diverse business ventures, relevant to Central America and the Caribbean, announced that yesterday, Monday, May 21st, the Company filed its first quarter disclosures with the OTC Markets. It is expected that audited financials will be filed on-top of these disclosures in the coming weeks, by the Company’s independent PCAOB auditor.
“These disclosures – are very important for us… and have been a long time coming,” stated Melvin Pereira, President of Pure Hospitality Solutions, Inc. “Don’t get me wrong, our recent disclosures have been great – where we have eliminated the majority of our debt and have begun showing revenues. However, this particular first quarter disclosure will be the one which will be re-filed with audited financials, by our independent auditing firm. Following this filing, we will be an audited Company on our way to an upgrade to a higher-tiered stock exchange.”
Key takeaways from this filing include a decrease in total liabilities, from $2,958,548 in December 31, 2017 to $2,624,926 as of March 31, 2018, or an 11.3% total reduction in liabilities. Another major achievement accomplished in this filing – Gross Profit, which stood at $0 in March 2017 [no profit] and totaled $13,218 as of March 31, 2018. The company had an increase in Net Income from ($122,941) loss in December 31, 2017 to $135,323 gain by March 31, 2018.
Pereira concluded, “It’s no longer about talk anymore… we have talked for far too long. Although this audit was an excruciatingly arduous endeavor, we have finally arrived at the end and are excited to wrap-up this process.
Now, if you go back through our previously filed disclosures, you will see exactly all of the progress we have made, making PNOW a lean and scalable Company. Going forward you can expect more of the same: an increase in revenues, a decrease in debt, and continued daily sales, resulting in a more profitable and attractive PNOW.”
To view the first quarter disclosures, please visit: https://backend.otcmarkets.com/otcapi/company/financial-report/193859/content.
About Pure Hospitality Solutions, Inc.
PURE, through its developed or acquired assents and subsidiaries, operates multiple business ventures throughout Central America and the Caribbean, promoting opportunities for tourism to the Region.
Meso Numismatics is the Company's emerging numismatic company. The Company has a global inventory of coins and bank notes, and specializes in pieces from Central America and parts of the Caribbean. The Company has rare and exquisite inventory available for sale at www.MesoCoins.com, as well as at some of the largest and most prestigious auction houses in the world.
Forward Looking Statements:
This release may contain forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to, the possibility that some or all of the matters and transactions considered by the Company may not proceed as contemplated, and by all other matters specified in the Company's filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. The Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the Company's filings with the Securities and Exchange Commission (www.sec.gov), including its recent periodic reports.