Since
Oriens Travel and Hotel Management’s former CEO resigned from his post in early
September, the company has issued a series of announcements describing the
advances of the company under the new leadership of current CEO Melvin Pereira.
In a
recent letter to shareholders, the new chief executive contrasted Oriens’
beginnings to the direction in which he intends to guide the company.
To read
the full letter visit
http://orienscorp.wordpress.com/2014/11/03/the-entropy-of-oriens-part-i/
“Oriens
stemmed from a very controlled idea. An idea of creating an impressive booking
engine model that would be ahead of its time. A model that would take advantage
of new internet protocols which would ultimately push Oriens branding and
booking model to the forefront,” he writes in the letter.
“However,
as soon as that purest idea was taken and introduced into the micro-cap public
environment … BANG! Chaos ensued, and disorder began … My job is not to bring
Oriens to its original state. No force in the known universe can reverse that
kind of disorder. BUT, what I can do… and what WE will do together, is begin to
shift the balance of disorder to order.”
In
defending the company’s anticipated reverse split, Pereira states:
“I need
the shareholders of Oriens to understand one thing. The Company as you once
knew it, was in chaos. Oriens was holding an unimaginable amount of debt, with
little to no assets, minimal revenue if any at all, and just enough
incompetence at the executive level to cause a lot of discomfort. I am
confident that this reverse split will cause far less discomfort in comparison,
and support the true value that has already been delivered to the Company
through this acquisition/merger.”
For more
information on the company, visit www.orienscorp.com
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