Friday, August 1, 2014

Oriens Travel & Hotel Management Corp. (OTHM) Discusses Unprecedented Business Prospects and Opportunities in Recent Corporate Update

Earlier today, Oriens, the “Next Generation International Hotel Brand Operator”, issued a news release detailing an unscheduled corporate update on Thursday, July 31, 2014 from company President Ken Chua. The corporate update can be found in its entirety on Oriens’ company blog (http://orienscorp.wordpress.com/2014/07/31/evolution-growth-outlook-sitemap-of-our-future/).

In the news release, Mr. Chua reflects on how many unexpected company developments prompted the unscheduled corporate update, and how these developments have opened up unprecedented opportunities for Oriens’ Hotel PURE brand.

Entitled “Evolution, Growth & Outlook – Sitemap of Our Future”, the blog post delivers some details about exciting developments from the company management’s visit to Costa Rica. The trip’s original intent had been to shore up the acquisition process on some pending projects and investigate new promising ventures.

In the update, Mr. Chua describes the opportunities and prospective company milestones now facing Oriens: “Through newly forged relationships, OTHM has begun to cultivate opportunities that have already begun to change the corporate paradigm; dramatically evolving our financial structure and economic outlook. In principle, we have added millions of dollars in hard asset values and secured three additional real estate prospects — all of which we expect to finally be able to make official announcements for and provide pictures. We have aligned ourselves with suitable, traditional, asset based lenders, which have afforded us the ability to establish a viable and achievable economic growth plan for our Company, in both Central America and the U.S. Having already obtained smaller, non-toxic, bridge capital financing through our Costa Rican partners, we have begun to leverage new banking relationships which have afforded us the ability to meet certain local obligations.”

On reflecting on the trip’s original purpose and how this evolved, Chua mentions: “To our surprise, our agenda was pleasantly altered. Through our local partnerships, we were granted audiences with a few major independent financial players in Costa Rica’s real estate market. The opportunities emerging from these meetings were not of anything we would have imagined discussing during that particular visit. However, the offerings were incredibly real, significant in scope and size, and were accompanied by indications of ongoing financial support as we continue to prove ourselves in the local markets.”

The news release concludes with Mr. Chua’s reaffirming of his confidence for the future. “”After last week’s meetings, I am now even more confident in my belief that we have made the correct decision in re-launching the FROL and Hotel PURE brand in Costa Rica. The country as a whole is a rapidly growing tourist destination, and Jaco Beach is definitely on the rise. We are very fortunate to be getting the opportunity to become part of that.”

The company management anticipates the announcement of many new events and milestones in the future.

For more information, please visit www.orienscorp.com

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