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
Let us hear your thoughts: Oriens Travel and Hotel Management Corp. Message Board