Oriens Travel & Hotel Management Corp.
has announced today that in association with MaloneBailey, LLP, the company is
on track to comply with 1934 Act, as part of its goal to up-list to a more
equitable exchange. This decision represents management’s goal to have the
process completed by the close of the third quarter thus resulting in a
refreshed corporate confidence supported by its affirmed values.
“We are confident that the completion of our
first international acquisition is imminent,” added Ken Chua, President of
Oriens Travel & Hotel Management. “I will be traveling with our team once
again to Central America this month, looking to conclude pending matters. It is
only appropriate that we immediately plot a course to up-list and take our
Company to the next level. This first international purchase alone will
positively impact the intrinsic value of Oriens dramatically.”
The Company has publicly announced the
pending acquisition of BW Point Condominium Trust LLC SRL’s interest in the
15-story, forty-four unit beach front condo and hotel building at Costa Rica’s
Jaco Beach. However, references have been made regarding other transactions
taking place simultaneously. Management is on record as saying that all of the
Costa Rican opportunities complement the re-launch of both Friendly Reservation
Online (FROL) and the company’s hotel brand. The result is the addition of
millions in asset values and immediate revenues for positive cash flows.
The company aims to continue providing the
highest level of transparency possible through its ‘Current Filer’ status with
OTC Markets. Following 2nd & 3rd quarters, management expects that as the
audit is completed, Oriens will file Form 10, meet the requirements of the 1934
Act, and report Q1 (2015) as a Fully Reporting Company.
“This is the beginning of our journey to the
Nasdaq Capital Markets,” noted Chua. “We are more than excited that the audit
process has been initiated. The results should be impressive enough to expand
our up-list options as well as those strategies being explored to aggressively
spur shareholder potential.”
OTHM’s endeavors are focused on the operation
of hotels and resorts 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 websites, as well as individual hotel
websites operated by Oriens on behalf of hotels branded under the Hotel PURE
brand.
For more information on the company, visit
www.orienscorp.com
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