LAS VEGAS, June 13, 2008 (PRIME NEWSWIRE) -- Oriens Travel & Hotel Management Corp. ("Oriens") (Pink Sheets:OTHM) (http://www.OriensCorp.com), an emerging Travel and Hotel Management Company, operating online travel booking site 128trip (http://www.128trip.com) and hotel management subsidiary Hotel PURE (http://www.HotelPURE.com), is pleased report the addition of the first Hotel PURE location in Nicaragua.
As part of Oriens global strategy of branding Hotel PURE internationally, and having PURE locations world wide, the company has added the first hotel location in Granada, Nicaragua, branded as Hotel PURE Plaza Colon. The hotel is a representative work of the colonial architecture, located right in front of Parque Colon, commonly known as Parque Central, in the historic city of Granada, Nicaragua. The hotel currently sits on an old and elegant colonial house, which has been restored to keep its original architecture and style. As Nicaragua gains popularity as one of the most desired travel destinations in the Latin America, Oriens sees it as a natural fit to start adding hotel locations in the region to its Hotel PURE portfolio.
Ken Chua, President of the Company, stated, "Our first Hotel PURE location outside of Costa Rica after such as great campaign in the country in attracting such a huge number of hotels joining our PURE brand, again, firmly assures the feasibility of our business model. Recognized as one of the fastest growing budget to luxury hotel chain in the Latin America, we will continue to focus in the similar direction to further enhance the success of our company."
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.
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