Pure
Hospitality Solutions, formally known as Oriens Travel & Hotel Management
Corp., has announced that after yesterday’s Q3 quarterly disclosures,
management is confident that the newly branded company is on track to deliver
significant value and is poised to become a major player in the hospitality
sector.
Mr. Melvin
Pereira, President and CEO of Pure Hospitality Solutions, Inc. stated, “From
the very day I began, there has been one primary theme in my messages…, I will
strive to deliver real, verifiable and positive value to our shareholders.
Growth and success is ‘PUREly’ my primary motivation, and as one may interpret
from our current filing, we are absolutely off to a good start.”
In
addition to the extensive real estate and on-line technology background OTHMD
acquired in the merger/acquisition of E-Network de Costa Rica SA (“E-Net”), the
third quarter disclosure revealed that the company now has in excess of $2.6M
dollars in real estate assets. Associated liabilities are placed approximately
at $1.9M dollars with an anticipated projected resale value of $4.5M Dollars.
Mr.
Pereira added, “Unfortunately, we do continue to possess in excess of $7M
Dollars of legacy debt. With this however, I intend to vehemently pursue its
reduction and continue to deliver long-term, positive value and confidence to
shareholders. In fact, as this disclosure reflects, I have already reduced the
legacy debt by $280k Dollars.”
Pure
recently has focused a major part of daily operations on the development and
acquisition of condominium apartments and hotel properties. By acquiring
international vacation properties, condominiums, hotels, land development
projects, PURE is able to deliver increased value to the company’s balance
sheet. This value translates through hard assets, which have traditionally been
known to create immediate, short- and long-term revenues from both rental
income and property sales.
Soon-to-be-trading
under the symbol PNOW, Pure provides proprietary technology, marketing
solutions and branding services to hotel operators and condominium owners. The
company articulates its vision as one that builds competitive operations in the
areas of online marketing and hotel internet booking engine services, hotel
branding and own, operate and in some instances develop, boutique hotels under
the new, “by PURE” brand.
For more
information on the company, visit www.purenow.solutions
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