Oriens Travel & Hotel Management Corp. , the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand (http://www.orienscorp.com), announced today that the Company’s President, Mr. Ken Chua, has released a “Statement of Progress” speaking to the proposed phases of the targeted launch of its standalone online hotel search and reservation booking engine with complementary mobile apps. With mobile travel company receiving recent valuation of approximately $800 Million due to significant equity investment from Sequoia Capital, the President’s statement will lend further clarity to the Company’s true motivation for the public release of its technology.
Also discussed: progress of merger/acquisition exploratory talks, future anticipated use of the FROL system by entertainment/hospitality venues in Costa Rica (such as theaters and stadiums), possible stock buy-back and authorize share reduction options along with a number of other topics impacting the Company’s growth, shareholder value and overall market confidence.
To read President’s Address, please see: “President’s Statement of Progress,” or visit:http://orienscorp.wordpress.com/presidents-statement-of-progress/