LAS VEGAS, Oct. 25, 2011 (GLOBE NEWSWIRE) -- Oriens Travel and Hotel Management Corp. (Pink Sheets:OTHM.PK) www.OriensCorp.com, operator of the Hotel PURE brand (www.HotelPURE.com), announced that in an effort to improve its corporate brand, build shareholder confidence and establish greater transparency, the company's CEO will issue an informational letter to shareholders (available on the corporate blog).
"So much time has been spent establishing ourselves in the hospitality market; building the Hotel Pure brand, securing hotel properties and assuring market visibility that we neglected to communicate with our shareholders," stated Mr. Ken Chua, President and CEO of Oriens Travel and Hotel Management Corp. "Our intention was never to overlook our fellow shareholders' need for information, but ensure that when we did communicate, there was something of substance to say."
Today, Oriens' management believes there is quite a bit of exciting information to share.
"Currently we flag, operate and/or represent 43 hotels," Mr. Chua continued. "We have also been tapped to develop, brand and manage a 60 acre 4 star World Class 'Green Compliance' destination resort in Costa Rica (www.montanaspacifico.com). The value of our brand lies in the unique internet hotel booking platform technology we manage for each of our properties along with the marketing services we provide to hotel operators. Over the past 36 months, we've demonstrated that hotels branded or managed by Hotel Pure tend to operate at significantly reduced cost. Occupancy rates have even seen consistent increases of up to 42%. And from a technology standpoint, once the testing of our new booking applications for mobile devices is complete, we firmly believe both the hospitality sector and hotel booking search engine sites such as Expedia and Hotels.com will have to take notice."
Management indicated that the company will embark upon a significant communications effort which will include continuous shareholder letters/addresses, written updates, corporate blogs, and shareholder conference calls. This effort will be made in an attempt to foster solid shareholder relations and build shareholder value.
Mr. Chua concluded, "We acknowledge we have a lot of road to travel. Our corporate success means little without ongoing shareholder confidence. There is no doubt it will take some time to become fully current with OTCMarkets. It will take even more time to become fully reporting with the SEC. And somewhere between those 10 to 14 months, we hope to find the ability to conservatively raise additional funds to aggressively grow our business without weakening shareholder positions. However, while managing these expectations, what we can feel most confident in conveying, is no matter the duration of time, we will continue to make strides as a business and do our very best to strengthen our shareholder value."
About Oriens Travel & Hotel Management Corp. (www.orienscorp.com) (Pink Sheets:OTHM) engages in the operation of hotels and resorts primarily in the United States and Central America under the Hotel PURE brand. The company also operates Friendly Reservations Online, a proprietary and sophisticated online booking system designed to execute reservations capture through Hotel PURE consumer facing websites, as well as individual hotel websites operated by Oriens on behalf of hotels branded under the Hotel PURE brand. Oriens is based in Las Vegas, Nevada.
Safe Harbor Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.