This is what I wrote before the opening bell today:
Wednesdays alert surged 108%, yesterdays over 100%, and today we have a new alert. OTHM. They had some positive news released this morning. The stock is right at its all time lows. I think we could see a nice rally from here. I think the stock has a good shot at $.0015 if the sellers stay at bay. And if the company holds off on dumping fresh shares into the market we could see an even bigger move to $.002+. As with any penny stock be wary of dilution and selling into the news release. Lets hope that will not be the case here. The news release is below and the chart is posted up in the forum.
Oriens Travel & Hotel Management Corp operates a boutique hotel brand: Hotel PURE, with business trademark registered with US Patent Regulatory Bodies with properties located World Wide.
Operating a Membership based business model similar to the Best Western hotel brand, Hotel PURE currently operates in access of 40 properties World Wide and forecasts a portfolio of more than 400 properties within the next 5 years.
Hotel PURE operates a simple membership fee revenue structure of charging initiation fees of $400/room when new hotel properties join the Hotel PURE brand, plus a ongoing 6% royalty fee charged on the total monthly gross room sales from each property.
Hotel guests' facing and reservation processing website can be found at:
Oriens Explores $30 Million Merger/Acquisition Opportunity PR Newswire "Press Releases US - English"
LAS VEGAS , July 12, 2013 /PRNewswire/ --Oriens Travel & Hotel Management Corp . (OTC: OTHM), the Next Generation International Hotel Brand Operator , operating its Hotel PURE brand, announced that as of today, the FROL Booking Engine has excelled the company further than initially expected bringing Oriens to explore a merger/acquisition scenario valued at in excess of $30,000,000 .
"Due to our FROL booking engine, we are now exploring a possible option of a merger/acquisition which will provide OTHM with the ability to ramp up the online side of our business ten-fold and revisit our corporate roots," stated Ken Chua , President of Oriens Travel & Hotel Management .
The company initially began strictly as an advanced booking engine. With foresight into the real estate retraction, as the recession was coming approximately eight years back OTHM executives began "flagging" hotels to offer an economic alternative to the overwhelming PIP Cost (Property Improvement Program) boutique hotel property owners were subjected to by the larger brands (i.e. Marriot, etc.). Additionally, the cost to compete with the Expedia's of the world, made hotel branding, marketing and operating a much more appealing business model.
Amidst this time, Orien's added 52 properties to its portfolio; consequently abandoning the 'broader' booking engine model. "This is the reason why people have continued to stumble upon non-working links and access to our older 'public' booking engine interface," continued Mr. Chua .
"We have begun cleaning up these older, expired links to avoid any confusion about the viable applicability of our FROL system.It is flawless. At present, the FROL booking engine is isolated to those hotels either 'flagged' by HotelPURE or which contracted Oriens to solely provide online booking and internet marketing services.However, the future appears to be pointing us back in the direction of operating a broader online hotel booking engine to accommodate the rapid growth of less explored travel and resort destinations."
Management expects, should the company be successful with this next phase of growth, merger/acquisition the launching of a broader FROL system, will be forthcoming, financially viable and extremely lucrative.
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 .
Blog: http://orienscorp.wordpress.com/ Twitter: @orienscorp
Contact: Team Oriens IR Div. (702) 483-0318
SOURCE Oriens Travel & Hotel Management Corp.