LAS VEGAS, NV, United States, via ETELIGIS INC., 11/25/2014 – – Pure Hospitality Solutions, Inc., (OTC Pink: OTHMD) (PINKSHEETS: OTHMD), formally known as Oriens Travel & Hotel Management Corp following the merger/acquisition of E-Network de Costa Rica SA (“E-Net”), announced today, that after reflecting on yesterday’s filing of the 3rd quarter disclosures, management feels fairly confident that the Company is on track to deliver significant positive value and become a major player within the Hospitality sector.
“From the very day I began, there has been one primary theme in my messages…, I will strive to deliver real, verifiable and positive value to our shareholders,” stated Melvin Pereira, President and CEO of Pure Hospitality Solutions, Inc. (‘PURE’). “Growth and success is PUREly my primary motivation, and as one may interpret from our current filing, we are absolutely off to a good start.”
Aside from the extensive real estate and on-line technology background the Company acquired in the merger/acquisition of E-Network de Costa Rica SA (“E-Net”), according to the third quarter disclosure, the Company now possesses in excess of $2.6M Dollars in hard assets (real-estate). Associated liabilities place at roughly $1.9M Dollars with an anticipated projected resale value of approximately $4.5M Dollars.
Mr. Pereira continued, “Unfortunately, we do continue to possess in excess of $7M Dollars of legacy debt. With this however, I intend to vehemently pursue its reduction and continue to deliver long-term, positive value and confidence to shareholders. In fact, as this disclosure reflects, I have already reduced the legacy debt by $280k Dollars.”
Management also confirmed that the Company has begun generating revenues from vacation rental bookings at the Bahia Encantada. This income will reflect in the 2014 Year-End report, but has been noted as a subsequent event within this current filing. The Company also expects to expand its ownership within the Bahia Encantada, as it rapidly rolls out FROL (Friendly Reservation Online) throughout the property; increasing rental revenues.
Mr. Pereira concluded, “Today, shareholders of PURE must recognize that this Company is much further along in just 90 days, than it has ever been positioned in the past seven years. I assure you, this is merely the beginning. It is my goal to have our numbers grow exponentially during my tenure. The best part is, I plan to accomplish this not simply with valuable real estate acquisitions, but through delivering the most comprehensive online hospitality reservation booking engine the Central American market has yet to experience.”
Transparency during this transition from Oriens to Pure is a Company mission. Information and updates can be found over many social mediums, including the PURE website & Blog, Facebook, Twitter, LinkedIn and Pinterest. Shareholders are encouraged to actively interact with Team Pure.
About Pure Hospitality Solutions, Inc. (www.purenow.solutions) (PINKSHEETS: OTHMD) – soon to be trading under the symbol: PNOW (eta, 12/10/14)) – provides proprietary technology, marketing solutions and branding services to hotel operators and condominium owners. The Company’s vision is to build competitive operations in the areas of (i) online marketing and hotel internet booking engine services, (ii) hotel branding and, (iii) own, operate and in some instances develop, boutique hotels under the new, “by PURE“brand.
Recently, Pure has also focused a large part of daily operations on the development and acquisition of condominium apartments and hotel properties, in rapidly up and coming tourist destinations. Through the acquisition of international vacation properties, condominiums, hotels, land development projects, etc., PURE is able to deliver increased long-term values to the Company’s balance sheet. This value translates through hard assets, which in most cases generate immediate, short- and long-term revenues from both rental income and property sales.
(For more, visit: http://www.otcmarkets.com/stock/OTHMD/profile)
Related Links:
3rd QT (9/30/14): http://www.otcmarkets.com/financialReportViewer?symbol=OTHMD&id=129872
Pure Hospitality Solutions, Inc. Pinterest (BE): http://www.pinterest.com/purehss/bahia-encantada/
Pure Hospitality Solutions, Inc. Bahia-Encantada: http://www.purenow.solutions/Videos/PURE.mp4
Pure Hospitality Solutions, Inc. Facebook: https://www.facebook.com/PUREnow
Pure Hospitality Solutions, Inc.Twitter: https://twitter.com/purehss
Pure Hospitality Solutions, Inc.Google +: https://plus.google.com/+PurenowSolutionsplus/
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.
CONTACT:
Team PURE
IR Div. (702) 483-0318
SOURCE: Pure Hospitality Solutions, Inc.
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