At the closing bell today, Pure Hospitality Solutions, Inc., formally known as Oriens Travel & Hotel Management Corp., announced that it has filed Third Quarter Disclosures, following the merger/acquisition of E-Network de Costa Rica SA (“E-Net”) and an initial capital restructuring in support of the merger/acquisition.
Melvin Pereira, President and CEO of Pure Hospitality Solutions, Inc. (“PURE”), commented, “Today’s filing marks an important milestone for me. Not only was this third quarter disclosure my first filing as an executive of a public company, but it represents the beginning of a cultural shift; a change in how this Company will operate and grow. I hope to find the strength and ability to consistently improve our balance sheet; making each disclosure more attractive for shareholders to not only read, but to find solace in their long-term financial commitment to this Company… PURE.”
According to the press release, this particular filing was delayed due to the merger/acquisition of E-Net, the initial restructuring, and the refining of the company’s new branding. Now PURE eagerly awaits for the market to resume retail trading activity.
The company reminded shareholders that it doesn’t control this process, but management did indicate that after discussions with legal and market professionals, it appeared as though the round-up program required more work to organize at the retail level. This process could take as much time as three weeks.
“While we are excited to see market activity resume, our job is to focus on operations,” added Mr. Pereira. “If we do that well, then the expectation is that the market will eventually reflect our hard work and effort. Therefore, we will continue to report our progress regularly, regardless of market activity or the current lack-thereof.”
The third quarter disclosure has been filed with the OTC Markets as of today, Monday, November 24, 2014, at 2:30 p.m. Executives at the company anticipate ‘Current Filer’ status will be achieved within 48 hours.
For more information on Pure Hospitality Solutions, visit www.purenow.solutions
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