Oriens
Travel & Hotel Management Corp., the Next Generation International Hotel
Brand Operator recently merged with E-Network de Costa Rica SA (“E-Net”) – with
working plans to be known soon as Pure Hospitality Solutions, Inc. [pending
FINRA approval] – details today the company’s recapitalization and the
simultaneous process to guard the interest of each shareholder.
A senior
Board Member commented, “Considerable resources have gone into ensuring that
this merger, and the recapitalization of Oriens, was methodically contemplated
and properly organized. E-Net went out on a limb for Oriens’ shareholders,
leveraging its relationships to assist Oriens in securing the engagement of our
initial acquisition target, while obtaining conventional and non-dilutive
financing to further Oriens’s growth efforts. E-Net also began increasing its
own real estate portfolio to support its alliance with Oriens — prior to the
realization of the merger. This includes the multi-million dollar acquisition
of Bahia Encantada — which is now an asset of Oriens — and greatly contributes
to warranting a restructuring of Oriens capital stock.”
As part of
this merger, Oriens is required to amend the Oriens’ Articles of Incorporation
where it concerns Company name, the capital stock restructuring, a decrease in
the authorized stock and consideration issued to E-Net.
The Oriens
restructuring process has instituted a “Round-Up” program, which runs in effect
with the reduction of Oriens’ capital stock. The strategy aids in assuring that
no shareholder loses their holdings, thus Chief Executive Officer and
President, Melvin Pereira’s comments, “No One Gets Left Behind! We intend to
build value, not take it away.”
It is
acknowledged that while there will always be detractors by default, Oriens’
strategy and growth proposition is viewed predominantly in a favorable light by
shareholders and the public. Social media communications indicate general
satisfaction with the recapitalization plan as reflected by the absence of a
major shareholder sell-off. This is not to suggest that Oriens’ growth plans
from top to bottom are agreed upon by all investors. It does suggest, however,
that management is united in the thought that through due diligence, the
shareholders and the market in general will see that, in the words of Mr.
Pereira, “This management is positioned to be successful.”
Oriens
Travel & Hotel Management Corp. centers its efforts on operating hotels and
resorts in the United States and Central America under the Hotel PURE brand.
The company also runs Friendly Reservations Online, a proprietary online
booking system created to execute reservations capture through Hotel PURE
consumer 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
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
No comments:
Post a Comment