Oriens’ (OTHM) Talks Materialize to Upcoming LOI Agreement

Oriens Travel & Hotel Management Corp., the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today that merger/acquisition talks are winding down as parties prepare to engage in a formal Letter of Intent (LOI). “The complicated piece about this venture is, all parties involved becoming fully acquainted with ongoing cash-flows, projections and operational integration and expansion,” stated Ken Chua, President of Oriens Travel & Hotel Management. “These are vital components for both private and institutional investors, as investment targets have been separated into multiple phases; now exceeding the originally anticipated $10 Million capital raise.” Management indicated that talks are essentially ready to be solidified by an LOI as executives complete its review of the cash-flows and work to produce a final formalized plan. Once the arrangement is approved by the merger/acquisition target, along with the proverbial ‘head nod’ from cited investment sources, the deal will proceed forward.