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Oriens Obtains X-Date to Effectuate Split

Tuesday, 11 November 2014 09:15 AM

Oriens Travel & Hotel Management Corp.

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Stock Round-Up Affords Benefit to Shareholders Through the Transition

LAS VEGAS, NV / ACCESSWIRE / November 11, 2014 / Oriens Travel & Hotel Management Corp. (OTC Pink: OTHM) (PINKSHEETS: OTHM) ("Oriens"), the Next Generation International Hotel Brand Operator, recently merged with E-Network de Costa Rica SA ("E-Net") - now known as Pure Hospitality Solutions, Inc., announced today that after an extensive and requisite review, the anticipated reverse stock split has been completed and will become effective tomorrow, Wednesday, November 12th, 2014.

Details regarding the completion of the upcoming corporate restructuring can be found on the corporate blog (http://orienscorp.wordpress.com/) under the title, "Restructuring Details." In short however, the Company's outstanding shares of common stock will undergo a reverse split, at a ratio of 600 to 1. After the split, no shareholder will own less than 233 shares, with no change in the par value per share. This means that as of today, Tuesday, November 11th, all of those stockholders who hold between 1 share and 139,800 shares of the Company's common stock, will be "rounded up" to 233 shares - post reverse (11/12/14) - to maintain equity ownership.

The round-up strategy was instituted by the Company in an attempt to preserve the value of every shareholder. Management's intention is to build value, "not take it away," as previously stated by Mr. Melvin Pereira, President & CEO of Oriens. No fractional shares will be issued.

The timing and ratio of the reverse split was determined by the Board of Directors pursuant to a proposal to merge the Company with E-Net, and to amend the Company's Articles of Incorporation, to affect a reverse split of its common stock. This action was approved by the Company's Board at a special meeting held on Wednesday, September 10th, 2014.

Post-split, the Company will be known as Pure Hospitality Solutions, Inc., in all respects. Regulations state that the Company's common stock will initially trade under the symbol OTHMD for 20 business days. Thereafter, the "D" will be removed from the Company's trading symbol, and the symbol will then be changed to, PNOW.

About Oriens Travel & Hotel Management Corp. (www.orienscorp.com) (PINKSHEETS: OTHM) engages in the operation of hotels and resorts primarily in the United States and Central America under the Hotel PURE brand. The company also operates Friendly Reservations Online, a proprietary and sophisticated online booking system designed to execute reservations capture through Hotel PURE consumer facing websites, as well as individual hotel websites operated by Oriens on behalf of hotels branded under the Hotel PURE brand. Oriens is based in Las Vegas, Nevada.

Blog: http://orienscorp.wordpress.com/

Twitter: @orienscorp

Facebook: www.facebook.com/orienstravel

Related Links:

Pure Hospitality Solutions, Inc. Pinterest (BE): http://www.pinterest.com/purehss/bahia-encantada/

Pure Hospitality Solutions, Inc. Bahia-Encantada Video: http://www.purenow.solutions/Videos/PURE.mp4

Pure Hospitality Solutions, Inc. Facebook: https://www.facebook.com/PUREnow

Pure Hospitality Solutions, Inc.Twitter: https://twitter.com/purehss

Pure Hospitality Solutions, Inc.Google +: https://plus.google.com/+PurenowSolutionsplus/

Safe Harbor Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.

CONTACT:

Team Oriens
IR Div. (702) 483-0318


SOURCE:
Oriens Travel & Hotel Management Corp.

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