Oriens
Travel & Hotel Management Corp., the Next Generation International Hotel
Brand Operator, announced today that Mr. Ken Chua, President of Oriens,
submitted his resignation and renounced all other offices held. The
announcement came during yesterday’s special meeting of the Board of Directors
to set the pace for the Company’s future operations, mergers and acquisitions,
and executive leadership.
Mr.
Chua’s resignation letter stated, “There will always come a time in every
executive’s or director’s tenure, where he or she must evaluate their
contribution to the cause.”
“It
is with a heavy heart that we accept Mr. Chua’s resignation and we thank him
for an outstanding job for the years of service he has provided,” commented one
senior Board Member.
Chua’s
letter ended by saying, “As Oriens Travel & Hotel Management goes on to
obtain the success it deserves, under an evolved direction and new leadership,
I have no regrets as I hand in this resignation. I am extremely excited to
finally be able to see the realization of my vision… once just a bunch of
ideas, but today, very tangible, totally accessible and completely achievable.”
Mr.
Chua’s resignation becomes effective today, Friday, September 12th, 2014, at
5:00 p.m. (PDT). Starting Monday, September 15th, 2014, the Board of Directors
anticipates appointing a new President and CEO.
Contained
within the proposed succession strategy, a merger and acquisition also was
presented for a vote – an opportunity that has been discussed for several
months. Up until Chua’s resignation, benefits of the merger proposal were
obstructed. As a result of Chua’s resignation, merging with a fully operating
and solvent entity in concert with acquiring an executive officer, the action
will likely commence.
Oriens
Travel & Hotel Management Corp. is involved 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.
For
more information on the company visit www.orienscorp.com
About QualityStocks
QualityStocks
is committed to connecting subscribers with companies that have huge potential
to succeed in the short and long-term future. We offer several ways for
investors to find, evaluate, and learn more about investing in these companies.
Sign
up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The
Quality Stocks Daily Blog http://blog.qualitystocks.net
The
Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The
Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please
see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment