LAS VEGAS, Jan. 20, 2015 /PRNewswire/ -- Pure Hospitality Solutions, Inc., (OTC: PNOW) announced today, that the Company has launched a non-toxic funding campaign, to raise additional capital for Central American-Caribbean's online travel hub, Oveedia.
"I have quickly come to find there are little to no friendly public finance vehicles available, to adequately fund the Company's development, without destroying market value and shareholder confidence," stated Melvin Pereira, President of Pure Hospitality Solutions, Inc. "We have therefore moved to raise money for PURE's technology initiatives, in a relatively private fashion – launching a non-toxic funding campaign to get us there."
Management indicated that Pure Hospitality Solutions has initiated the following:
- Courting long term investments – two to three year horizon; and,
- Launch multiple crowd funding campaign initiatives – $1,000,000+ in 2015
Mr. Pereira continued, "We are currently working with an investor who is evaluating the Oveedia business model, and has in good faith, invested 5% of their proposed investment amount. We have also launched one of several crowd funding campaigns to secure other strategic, non-toxic capital. So, we are indeed well on our way."
Management indicated, in an attempt to help stave off the toxicity of legacy debt, the Company is also approaching smaller debt holders with an offer to structure more favorable terms; hoping to stimulate (i) additional long-term capital investments, and, (ii) stagnating current note convertibly.
Mr. Pereira concluded, "Having recently engaged StartX to assist with ensuring Oveedia's timely launch, I am positive that our crowd funding initiatives will quickly find traction and do well to secure significant capital. All, while increasing awareness of our Company, product and stock to the general public and future customers."
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 Website: http://www.purenow.solutions/
PURE PNOW Ticker Info: www.purenow.solutions/pure-investors-relations/
PURE Tripadvisor Central America Analysis: http://www.purenow.solutions/wp-content/uploads/2015/01/Tripadvisor.jpg
PURE Oveedia Access: http://www.purenow.solutions/oveedia_booking-engine/
PURE Glossary: http://www.purenow.solutions/pure-glossary/
PURE Press – Retains StartX Software Consulting: http://www.purenow.solutions/oveedia-interactive-infrastructure/
PURE's Pinterest: http://www.pinterest.com/purehss/
PURE's Bahia-Encantada: http://www.purenow.solutions/Videos/PURE.mp4
PURE's Facebook: https://www.facebook.com/PUREnow
PURE's Twitter: https://twitter.com/purehss
PURE's.Google +: https://plus.google.com/+PurenowSolutionsplus/
PURE's LinkedIn: https://www.linkedin.com/company/pure-hospitality-solution
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.
SOURCE Pure Hospitality Solutions, Inc.