Oriens Travel & Hotel Management Corp. (OTHM) Officially Expands into Costa Rica with Terms of Merger Deal

Oriens Travel & Hotel Management Corp., the Next Generation International Hotel Brand Operator, has announced that the proposed merger between Oriens and E-Network de Costa Rica SA (“E-Net”) in final. With the deal, OTHM officially expands into the Costa Rican hospitality markets.

After considering the merger for a lengthy period of time, at a Board of Directors special meeting on Wednesday, September 10th, the plan to acquire and merge E-Net with Oriens was received with an optimistic and enthusiastic welcome. The merger improves Oriens’ positioning in what promises to be one of the best countries in the world to invest in while assembling new assets to strengthen OTHM’s balance sheet. With the merger, Oriens can re-launch its online booking engine inside a market ripe with opportunity. These occurrences are enhanced as they surface along with an executive capable of executing Oriens’ business model in this market.

The merger details and accounting of the transaction should be consolidated and disclosed within the upcoming quarterly report.

Melvin Pereira, President and CEO of Oriens said, “What the third quarter disclosures will show is that this merger has a purpose, is real and valuable to the shareholders of this Company. But more important, what is to come in the upcoming weeks will show that I am only about the business of building this Company and creating shareholder value.”

Oriens Travel & Hotel Management Corp. is centered on 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.

For more information on the company visit www.orienscorp.com

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