Pure Files 2015 Year End Disclosures

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[{"type":"text","content":"\n \n \n Pure Files 2015 Year End Disclosures\n \n \nPure Files 2015 Year End Disclosures\n\nHighlights Include: First Revenues From Online Travel Business, Over $5Million in Debt Reduction and Successful Launch of a Securities Buyback Program\n\n \n LAS VEGAS, NV--(Marketwired - Apr 5, 2016) - Pure Hospitality Solutions, Inc. (OTC PINK: PNOW), parent Company of the Central American-Caribbean online travel Agency (OTA) Oveedia (www.Oveedia.com), announced today, that Pure files 2015 year end disclosures this past Thursday, March 31st 2016, with the OTC Markets, to maintain its \"Current Filer\" status -- see link: (http://www.otcmarkets.com/financialReportViewer?symbol=PNOW&id=152384).\n Pure files 2015 year end disclosures on the heels of receiving an exclusive invitation to meet with SITCA (The Secretary of Central American Tourism Integration). Representatives from Canatur were also present, which was an opportunity for the Company to further Oveedia's value proposition within the Latin American (LATAM) online travel industry. \n The 2015 year end disclosures also reveal the success of several initiatives introduced throughout the year. The most notable initiative -- the release of Pure's flagship product Oveedia -- beta launched on October 9th, 2015. After a very successful launch of the search engine, the Company was able to secure additional long-term financing, which supported the successful release of the second part of the OTA -- Oveedia's booking engine. This, on the heels of Oveedia booking its first reservation, along with many subsequent reservations to date, the Company has successfully generated its first revenues from online travel. Management, having now set the course for Pure to prove out its business model as a premier online travel agency for the Central American-Caribbean region of LATAM, has well positioned the Company for growth and investment opportunity. \n As Pure files 2015 year end disclosures, another notable point was the reduction of over $5 Million in debt and interest in 2015. \n This subsequently set the stage for the Company's 2016 transition into the next phase of an already accelerated Debt Reduction Program. Securing additional long-term capital to forward this initiative, the Company launched the Debt Repurchase Program -- targeting the removal of toxic legacy debt. To date, the c...

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