Oriens Travel and Hotel Management Corp. (OTHM) Closer to Highly Anticipated Merger under New Leadership

Evolving its initial objective to become a top-tier hotel brand operator and Internet booking and marketing service provider, Oriens Travel and Hotel recently announced its plan to merge with E-Network de Costa Rica M&A Sociedad Anomima (“E-net”), an experienced company that maintains and manages land parcels and residential and commercial properties in Costa Rican.

Oriens has four core objectives that support its overarching growth strategy: franchise its Hotel PURE brand worldwide; provide a robust booking engine technology services to independently branded boutique hotels that require a robust online presence; launch a stand-alone online hotel booking search engine primarily focused on Central America; and expand the portfolio of Oriens-owned boutique hotels under the Hotel PURE brand.

The company is undertaking its new venture and cemented objectives under the leadership of its newly appointed chief executive officer, Melvin Pereira, a Costa Rican native well-experienced in Oriens’ intended business model. With Pereira’s direction, Oriens expects accelerated trajectory toward meeting the key points of the company’s overall business plan.

In a recent news release, a senior member of Oriens’ board of directors said the merger provides “an assurance to shareholders that Oriens is now set on a course that will offer the best solution to rapid growth in Costa Rica, and to the company overall.”

Complementary to that expectation, E-Net has secured pre-approved funding of more than $5 million in non-toxic bridge capital for Oriens to allocate toward completing its acquisition of several properties. With strong leadership and key factors in place, Oriens’ is on track to achieve its corporate initiatives and sharpen its focus on international expansion and branding.

For more information, visit www.orienscorp.com

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