Pure Hospitality Solutions Inc (OTCMKTS:PNOW) after having committed itself to return shareholder value, announced that it has experienced month-over-month gains and it expects to continue with the trend, throughout FY2017. The company’s revenues for the month of January was 22% higher than December 2016 and it is on track to surpass the previous month’s earnings, as well. PNOW is the parent company of the Numismatic Specialty Store, Meso Numismatic and the Online Travel Agency, Oveedia, which focuses on the Central American-Carribean.
The company announced earlier that it would award its shareholders, a special class of preferred shares, as dividends for perceived lost value. Although the exact details of the award have not yet been decided, PNOW did state that the issued shares would be convertible into shares of its common stock. In its statement, the company appreciated the patience of its shareholders and acknowledged that they might have experienced certain losses, while the company cleaned up its debt and enforced a sound business plan. As such, with a growing and healthy market, PNOW is in the right position to provide its shareholders with returns.
In addition to this, Pure Hospitality’s growing success is seen in the successes of its subsidiary and technology assets. Moreover, the company has a number of its projects and solutions due for completion, within the next 6-months. The CEO of PNOW, Melvin Pereira, stated that they were experiencing exceptional growth rates and do not expect to slowdown anytime in the near future. He further reaffirmed that the company now has a number of recurring sources of revenue.
PNOW also remains confident that its shareholders would find its new preferred share structure and its upgraded reporting status as a source of confidence to bet on the stock. In his statement, Mr. Pereira accepted the fact that financial institutions tend to avoid investing in companies that are delinquent. He further stated that such institutions do, however, take interest in small companies that are producing revenue, have low burn rates and a viable business model and PNOW has begun to meet all of those marks.
Since the acquisition of subsidiary Meso Numismatics in late 2016, PureHospitality Solutions,(OTCMKTS: PNOW) has seen consistent cash flow, lower overhead, and an exceptional growth opportunity through its Numismaticsspecialty store on eBay. The average investor might roll their eyes at a company that resells rare world currency on eBay Inc (NASDAQ:EBAY) . But when we look at the results of the subsidiary, smart investors are seeing an OTC company that stands out from the crowd, generating strong bottom line revenue while risking little in overhead costs.