LAS VEGAS, Oct. 30, 2008 (GLOBE NEWSWIRE) -- Oriens Travel & Hotel Management
Corp. (Pink Sheets:OTHM) (http://www.orienscorp.com), a company that seeks out
mid/lower-end hotel properties in developing countries and reorganizes them
under the Hotel PURE brands, is pleased to announce the company has completed
its new online booking and processing engine, FROL (Friendly Reservations On
Line), which aims at servicing travel related businesses in Central America and
the Caribbean region.
Further to Oriens' business model, the company has completed, designed and
finalized a new and extremely robust stand alone online booking and processing
engine, FROL, aimed at servicing various different travel related businesses.
FROL is so robust and powerful that it can be customized to service any company
that conducts business on the Internet. The potential clients for FROL include
small/medium size hotels, tour operators, car rental companies, travel agents
and other travel related businesses. FROL will turn these businesses' web sites
from a pure digital media into a global point of sales in just a few days after
integration. As the Internet becomes more powerful on a daily basis, and more
travelers turn to the Internet to book their travel needs, according to
www.TIA.ORG, almost 96 million people in the U.S. use the Internet to book their
travel needs today, small/medium size online businesses need to be more
competitive by capturing their customers' purchases while they are visiting
their web sites. Oriens will be there to facilitate their needs.
Ken Chua, President of Oriens stated, "FROL will play yet another important role
in our revenue model going forward. Utilizing this extremely powerful online
booking tools catered to the travel industry and the amount of interests
received from the tourism sector in Costa Rica, we believe we will achieve sales
of no less than $10 million USD in 2009 and up to $100 million USD yearly by
2011, from FROL. Currently Costa Rica receives just over $2 billion USD a year
from the hotel accommodation industry and growing. Judging from these figures,
we are extremely conservative with our projections and these figures do not
reflect growth potential into other countries in Central America and the
Caribbean."
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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CONTACT: Oriens Travel & Hotel Management Corp.
Ken Chua
+1.509.561.7542
