Pure Files 2nd Quarter Disclosures with OTC Markets
August 23 2017 - 10:06AM
InvestorsHub NewsWire
Las Vegas, NV -- August 23, 2017 -- InvestorsHub NewsWire
-- Pure Hospitality Solutions, Inc. (OTC
PINK: PNOW), the developer of multiple and
diverse business ventures, relevant to Central America and the
Caribbean, announced that on Monday August 21, 2017, the Company
filed its second quarter disclosures with the OTC Markets, keeping
the current information designation.
Two important events were noted within this filing, both
occurring just after the close of the second quarter (ending June
30th, 2017); the formal elimination of the Company's greatest
financial liability and the consolidation of the books to reflect
revenues. While this news does little to bolster the financial view
of these 2nd QT disclosures, the impact is substantially positive
for the upcoming third quarter disclosures.
Melvin Pereira, President and CEO of Pure Hospitality Solutions
stated, "With our recent issuance of the Series BB Preferred Stock to our largest
debtholder, PNOW has completely eliminated the Company's most
troubling legacy debt.
"Leveraging the Series BB Preferred Stock, the Company has also
completed the formal acquisition of Meso Numismatics Corp."
"Although both events occurred in this third quarter, our future
balance sheet will look much healthier; dropping $2+ Million dollars in
stock payable liability and finally including the revenue gained
from Meso."
The creation of the Series BB Preferred Stock was strategized to
help reposition the Company for better fiscal health and future
growth. These two issuances, one to Meso to complete the
acquisition payment, and the other to the Company's largest
debtholder to clear the stock payable, have accomplished that. The
revenue from Meso is consistent, scalable and will now be reflected
in all disclosures going forward, while the oppressive weight of
the stock payable liability is lifted and will also be reflected in
the disclosures going forward.
Shareholders will find references to these events in the 2nd QT
Disclosures and can anticipate both being reflected appropriately
in the 3rd QT Disclosures (ending September 30th, 2017).
Mr. Pereira concluded, "I thank our long-term shareholders for
their support and look forward to you being the greatest benefactor
of our increasing revenues and decreasing liabilities."
To view the second quarter disclosures please
visit https://www.otcmarkets.com/financialReportViewer?symbol=PNOW&id=177841.
About Pure
Hospitality Solutions, Inc.
PURE, through its developed or acquired assents and
subsidiaries, operates multiple business ventures throughout
Central America and the Caribbean, promoting opportunities for
tourism to the Region.
Meso Numismatics is the Company's emerging numismatic company.
The Company has a global inventory of coins and bank notes, and
specializes in pieces from Central America and parts of the
Caribbean. The Company has rare and exquisite inventory available
for sale at www.MesoCoins.com, as well as at some of the largest
and most prestigious auction houses in the world.
CONTACT INFORMATION
Contact:
Team PURE
IR Div. (800) 889-9509
Meso Numismatics (PK) (USOTC:MSSV)
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