More recently, Pure Hospitality Solutions Inc. (OTCMKTS:PNOW) reported that the client retention rate stands at 52%, leading to increased demands for inventory from the same clients. Commenting on the achievement, Melvin Pereira, the President and CEO, stated that they have advanced an impressive client base throughout 4 nations and 20 states. With new clients and orders arriving daily, they have by now exceled January’s sales, with still few days left in February. They certainly predict double-digit monthly increase, with better revenue growth seen next month.
The buzz
Earlier, Pure Hospitality reported that due to considerable month-over-month gains in company’s revenues and the projected closure of highly anticipated assignments, they expect and successful and strong year.
Through its subsidiaries, the firm has realized revenue jump of almost 22% in January 2017, as against to December 2016. With just few days into February, it is on track to largely come out with impressive set of numbers.
Pure Hospitality is growing at impressive rates and have no intention to slow down at all. It now has several means to steadily generate considerable revenues. The CEO said that they have an open road forward and plan on burning rubber, bringing increased growth to all of their ventures.
Management is especially thrilled for everything 2017 has to bring for company. With many of the firm’s long and short-term projects anticipated to close and come to fruition in the coming months, the firm considers shareholders will find increased confidence in its advanced reporting status, fresh preferred share arrangement, and the ultimate accomplishment of both its subsidiary unit and technology assets.
Pereira added that the reality is, the big part of larger, renowned financial institutions does not just throw investment capital at non-compliant micro-cap firms. Those few firms however, generating revenues, functioning with low burn rates, consuming controllable debt loads, and most prominently, demonstrating feasible scalable businesses, are certain to garner continuing investment interest.
Alaska Air Group, Inc. (NYSE:ALK) reported two major senior executive appointments as it commences the big job of incorporating staffers and information technology systems from its newly bought Virgin America partner in California. The company engaged Charu Jain as CIO to look after the information technology group of 400 employees. She most recently headed the International Business Machines Corp. (NYSE:IBM) International Business Services team aiding American Airlines fix its IT system. Alaska also engaged Chris Berry as VP of finance and controller.
