LAS VEGAS, NV, United States, via eTeligis Inc., 07/17/2014 - - OriensTravel & Hotel Management Corp. (OTCPINK: OTHM) (PINKSHEETS: OTHM),the Next Generation International Hotel Brand Operator, operating itsHotel PURE brand,announcedtoday, thatOriens, viaits associatepartnerships,hasbeen approved to receive traditional asset backed financing in excess of $2Million.
We are veryconscious oftoxic-financing and how itdetrimentallyaffects shareholders,stated Ken Chua, President of Oriens Travel & Hotel Management.This is why having hard assets,whichcan be leveragedthroughmoretraditional andconservative,non-toxic fundings,is soimportant; ultimately to shareholdersandforoverall Companyvalue.Through ourpartnerships in Costa Rica, we have beenable to accomplish just thatand so much more.
The Company is deploying a two partstrategy to financeits endeavors. First,traditional real estate loanswill act asbridge capital. Next, Oriens will securelong-term equity based financingeliminatingdebtwhileincreasingequity ownership;providing Oriens with non-toxic operating capital.Currently, the Company is in talks to secure close to $10Min long-term equity based financing.
Mr. Chuaconcluded,Weexpect to secureourfirstbridge capital fundingduringthenextscheduledtrip down to Costa Rica.This will assist us with completing our initial acquisition,while advancing our position with negotiations for two additional properties in Jaco.
Management indicatedthe Companyis onscheduleto complete its acquisition.
About Oriens Travel & Hotel Management Corp.(www.orienscorp.com)(PINKSHEETS: OTHM) engages 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.
Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which maycausethe Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.
IR Div. (702) 483-0318