Cuba Ventures Corp. Appoints Bernard Lonis as New Director
February 22 2018 - 8:00AM
Cuba Ventures Corp.
(TSX-V:CUV) (Frankfurt:IJA2) (OTCBB:MPSFF) (the “Company”) –
Cuba Ventures appoints current advisory board member, Bernard
Lonis, as a new director of the Company. Bernard is the founding
owner of Adonis Resorts and numerous technology focused companies.
Bernard is a hospitality & tourism specialist with over 3000
hotel beds currently under his company’s control. He is an expert
in emerging travel markets and the unique complexities these
present. Bernard is a distinguished member of European hotel
associations, honorary consul to Senegal, owner of the European
School of Management (ESM) and, a prolific trilingual entrepreneur.
Bernard brings a wealth of knowledge to the company of over 25
years of serial entrepreneurship.
Cuba Ventures Closes Private
PlacementAs per the news releases on October 13th and
October 19th , the Company has received acceptance from the TSX
Venture Exchange and closed the second tranche of $495,000 of the
$750,000 Private Placement financing. The Company has issued
9,000,000 units (described below) to the subscriber, Vesilen
Investment SL (“Vesilen”), a company controlled by Bernard Lonis.
The closing had been pending approval of Mr. Lonis’ PIF to become
an insider and director of the company, which process is now
complete. Each of Vesilen and Mr. Lonis are a Related Party
to the Company, as both are Insiders of the Company.
About Cuba Ventures Corp.:
Cuba Ventures Corp. is a publicly traded Canadian
company capitalizing on the growth and unique opportunities in the
USD 3.5 billion per year Cuban travel and tourism industry.
Travelucion, a wholly owned subsidiary, is a digital media and
marketing company which owns a vast portfolio of Cuba related
websites and online portals providing Cuba travel information in up
to six languages, featuring individual web assets for Cuba's
popular cities and towns, online booking solutions and online
reservations through proprietary software, catering to
international visitors to Cuba. Travelucion's online travel
division is a duly licensed retail travel supplier handling
millions of dollars in sales annually which was recently awarded an
Amadeus GDS distribution license.
Cuba Ventures Corp has acquired an equity interest
in a Florida, the USA domiciled, licensed and bonded travel agency
which specializes in travel to Cuba. This equity ownership permits
the company and, its subsidiary Travelucion, to promote U.S
compliant travel packages to Americans citizens through its equity
partner International Business & Travel Opportunities, LLC,
Fort Lauderdale, Florida, USA.
Travelucion's 432 Cuba focused multilingual
websites generate over 35 million page-views per year, directing
traffic to the company's online booking and e-commerce sites. These
online websites cover all facets of Cuba including over 80 travel
destinations, hotels & resorts, bed & breakfast, tours, car
rentals, restaurants, as well as Cuban culture, history, music,
celebrities, sports, medical treatments and more.
Cuba Ventures FinTech division is embracing world
renowned entities to bring together a global force to stimulate
Cuba’s archaic economic systems. Financing of both internal and
external debt, ₡CU Coin Cryptotoken and Revolupay® blockchain
deployment - across the all important private enterprises and
remittance industry are primary objectives of this division.
Finally, bridge loans for foreign enterprises who receive Cuban
bank payment instruments will enable faster transactions and rapid
advances in the economy.
Cuba Ventures consulting division harnesses over 80
years of combined advisor experience in submitting and, obtaining
approval, for joint ventures, joint production agreements, and
import/export permits for foreign enterprises. More recently the
company has taken a royalty approach for future agreements between
third parties anxious to begin comercial operations with Cuba and,
the company’s Cuba Consulting Unit. Current contractual
partnerships include Tyrval, a worldwide hotel industry supplier.
Cuba Ventures intends to augment the amount of financially
beneficial consulting related businesses.
Cuba Ventures Corp. has neither assets nor
physical presence in the Republic of Cuba.
For further information on Cuba Ventures Corp.
(TSX-V:CUV) or Travelucion visit the Company’s website at
www.cubaventures.com or www.travelucion.com. The Company has
approximately 109,000,000 shares issued and outstanding.
CUBA VENTURES CORP.
JAMES PETTIT______________________________James
PettitChairman
For further information contact myself or:Nick
FindlerCuba Ventures Corp.Telephone: 604-639-3850Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@cubaventures.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may
be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
CUV Ventures (TSXV:CUV)
Historical Stock Chart
From Jun 2024 to Jul 2024
CUV Ventures (TSXV:CUV)
Historical Stock Chart
From Jul 2023 to Jul 2024