LAS VEGAS, April 9, 2008 (PRIME NEWSWIRE) -- Oriens Travel & Hotel Management Corp. ("Oriens") (Pink Sheets:OTHM) (http://www.orienscorp.com), a Travel and Hotel Management Company, operating online travel booking site 128trip (www.128trip.com) and hotel management subsidiary Hotel PURE (www.HotelPURE.com), is pleased to report there are now 13 Hotel PURE properties in Costa Rica, throughout the country, with immediate plans of expanding into the Caribbean countries.
As more and more small/medium size independent hotels in the Central America and the Caribbean region find the necessity of associating themselves with an internationally recognizable hotel name brand to further gain the confidence of the consumers to book into their hotels, but trying to avoid the huge initial franchise and monthly costs of joining name brands such as The Sheraton, The Marriott, The Hilton and others, Hotel PURE finds itself in a unique situation desired by these hotels to be associated with. As a result, in just six short months into operation, the Company finds itself having 13 locations throughout Costa Rica and growing rapidly. As Hotel PURE also finds itself receiving a number of inquiries from the Caribbean region with respect to franchise opportunities, the company has advanced its timeline of entering the Caribbean accommodation market ahead of its original schedule. Hotel PURE will start to process these inquiries in the coming weeks to accommodate these hotels in the Caribbean region.
Ken Chua, President of the Company stated, "We are extremely happy with the progresses made so far by the company and especially glad that our Hotel PURE brand is attracting so much attention in the accommodation industry. With just 6 months into operation and already up to 13 properties throughout Costa Rica and growing rapidly, we now firmly believe we have a solid business model in place for a huge growth potential in the future. Our next huge step is to enter the Caribbean region with the similar model of achieving even greater results due to the number of countries in the region as well as the popularity as vacations destinations for most U.S. and European travelers."
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The above statements in regard to Oriens, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Oriens' beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.