MANDEVILLE, Louisiana, Apr. 27, 2015 /PRNewswire/ -- ORPHEUM Property, Inc. (OTCPINK: PLFF), a diversified public company, with interests in the hospitality industry, coffee and food products, property development, and other markets, today takes this opportunity to update shareholders about the recent upgrade of its filing status to OTC Pink Current Information trading status.
In an open letter to shareholders, Jeffrey B. Montalbano, Chairman, CEO and CFO of ORPHEUM made the following statements.
"ORPHEUM has filed its current Financial Statements up to December 31, 2014 with OTC Markets and we are as of today listed as OTC PINK CURRENT INFORMATION. We are very pleased indeed to be able to report to our shareholders and the investment community that we are now fully current in our financial disclosures and are working diligently to steer the company toward an exciting future.
As you come to know more about ORPHEUM and me, you will learn about the diversified operating business units based in Honolulu, Hawaii, New Orleans, Louisiana, and Hattiesburg, Mississippi.
Coscina Brothers Coffee Company, based in Honolulu and established in 1978, is a roaster and purveyor of the finest Hawaiian coffee brands and other food products to a wide market in the Asian-Pacific region and the West Coast of the United States.
Rare Cuts - Gourmet Meats, located in New Orleans, LA, is a specialty high-end butcher shop established in 2009, with the goal of bringing the 'Highest Quality, Most Tender & Flavorful, Aged Meats Available Anywhere' to the retail consumer. Rare Cuts is excited about future expansion opportunities as it has just completed the opening of its second location in the Lakeview neighborhood of New Orleans this last February.
During the first quarter of 2015, ORPHEUM acquired a 128 guestroom La Quinta hotel complex that was rebranded as the MAGNUSON Hotel of Hattiesburg in Mississippi. We are looking forward to the continued expansion of our hotel/hospitality holding on a rapid basis.
As the Chairman and CEO of ORPHEUM, I am particularly pleased to remind you that two fine Directors recently joined our Board, Frank J. D'Amico Jr and Shawn W. Rogers. Complete 'Bios' on Mr. D'Amico and Mr. Rogers were provided in our news release of April 10, 2015.
We look forward to making additional substantive announcements to you, our shareholders, over the coming months."
About ORPHEUM Property, Inc.
ORPHEUM Property Inc. ("ORPHEUM") specializes in the acquisition, development, and management of businesses and commercial properties worldwide. ORPHEUM accomplishes its acquisitions through a variety of funding scenarios including stock/equity sales, private investments and traditional lending sources. The company will utilize its vast experience in hospitality, food and beverage, real estate, finance, and accounting to execute on its business plan. ORPHEUM will benefit from limited overhead in its initial stages of development allowing the company can run with minimal G&A expenses, thus allowing it to reinvest in growth.
ORPHEUM (OTCPINK: PLFF) trades on OTCMarkets trading platform, and utilizes the OTC Disclosure & News Service in order to make all current information and disclosures available to the public. Investors can find real-time quotes and market information at:
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and other risks. Actual results may differ materially from such forward-looking statements.
Email: [email protected]
SOURCE ORPHEUM Property, Inc.