LAS VEGAS, NV--(NewMediaWire - Nov 21, 2016)
- Pure Hospitality Solutions, Inc. (OTC
PINK: PNOW), parent Company of the Central
American-Caribbean Online Travel Agency (OTA) Oveedia, announced today, that the Company has
filed what it anticipates to be its final disclosures as a
non-reporting Pink Sheet company.
"The time has come, where our public company must now advance
our growing business, while allowing shareholders to reap the
reward of their unwavering commitment to PNOW," stated Melvin
Pereira, President and CEO of Pure Hospitality Solutions, Inc. "If
we are to continue acting responsibly and do our very best to raise
the least toxic capital, increase revenues and strengthen our cap
table, we must elevate our reporting status. That time has
officially come!"
With the filing of the 3rd QT Disclosures, management once again has
demonstrated its diligence, preparation and commitment to staving
off rapid dilution, raising minimally toxic capital, positioning
the Company for ongoing revenue and supporting long-term growth.
Management is confident that the Company is in the best fiscal
health it has seen in a very long time. Albeit, "There is still
much more work to do," continued Mr. Pereira.
"Much of that work entails a greater focus on revenue,
broadening our communications to strengthen our shareholder base,
and of course, doing whatever it takes to further build shareholder
confidence through positioning the Company for significant value
appreciation. This includes our view toward
leveraging Numismatics as a low cost revenue
generator and travel marketing tool, and of course, working
diligently to make this disclosure our last as a non-reporting
company. Both being pertinent efforts.
"The process of upgrading the Company's reporting status wasn't
taken lightly. Over the past year, management engaged various
counsels and professional consultants to explore the various
options available, regarding up-grading to the OTCQB, while
eliminating debt and raising capital simultaneously. The discovery,
as disheartening as it was... no option immediately allowed for
this. Thus, management moved to initiate these efforts in stages --
which took much longer, but would ensure the likelihood of
success."
Mr. Pereira concluded, "Given that we're coming up against the
holiday season, we expect that there might be some slow-ups
exhibited in the audit process. However, as you all know by now, we
are fiercely diligent. Luckily, so are our professional
consultants. So, I am surely confident, by the time our Year-End
reports are uploaded to the OTC Markets site, PNOW will be a fully
reporting Company with the Securities and Exchange Commission.
We're on a mission!"
About Pure Hospitality Solutions,
Inc.
PURE provides proprietary technology, marketing solutions and
branding services to hotel operators and condominium owners. The
Company's vision is to build competitive operations in the areas of
(i) online marketing and hotel internet booking engine services,
(ii) hotel branding and, (iii) own, operate and in some instances
develop, boutique hotels under the new, "by PURE" brand. PURE is
the creator of Oveedia, the Central American-Caribbean online travel
hub.
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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.