Pure Hospitality Solutions Inc (OTCMKTS:PNOW) expects to record month-over-month growth for the fifth consecutive month. PNOW’s revenues for January 2017 was 22% higher than that of December 2016 and after just the first 2-weeks of February, the company issued a guidance for double-digit growth for this month as well. PNOW claimed that this trend is anticipated to continue for the rest of the year.
It is important to note here that Meso Numismatics, a subsidiary of PNOW, is gearing up to attend the World Coins Show, in Chicago, to be held on April 7, 2017. The company is reported to be finalizing the first shipments, of a rare world currency collection, precisely for this occasion. This would be the first show for Pure Hospitality, for which the management has made a few acquisitions. The show is organized by Heritage Auctions, which on January 8 recorded auction sales, in excess of $15.6 million. As such, PNOW is also optimistic about its success, from the event on April 7.
Although the auction show is not going to be held for at least another month, Pure Hospitality is confident that it would gain significant profits, from its recently acquired inventory. In addition to this, the company expects to complete multiple long-term projects in the current year, which would further lead to significant revenue growth and move PNOW closer to profitability.
The CEO of the company, Melvin Pereira, stated that they do not see any reason to slowdown, in the next few months, given that PNOW has multiple source of income. He also hinted at the possibility of engaging reputable financial institutions, for investments related to business growth. Mr. Pereira pointed out that it has been difficult to secure investment from such institutions in the past, given the company’s debt levels and share structure. However, now Pure Hospitality has a new business model, manageable debt and a new share structure that is promising.
