LAS VEGAS, NV--(Marketwired - Sep 5, 2014) - Oriens Travel & Hotel Management Corp. (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, announces that Mr. Ken Chua, President of Oriens, plans to resign from the Company.
Oriens officials have confirmed, that Mr. Chua has offered his resignation. This action is expected to become effective next week along with a viable succession plan; including a new executive officer.
A Company spokesperson stated, "In light of recent events, along with those changes soon to be implemented for the growth and well-being of the Company, the timing for Mr. Chau's resignation is best for both Oriens' and its shareholders."
The Company will make a formal announcement once the resignation has been fully tendered by Mr. Chua and accepted by Oriens' Board of Directors.
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.
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.
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