CUV Ventures Corp. (TSX-V:CUV) (Frankfurt:IJA2)
(OTCBB:MPSFF) (the “Company”) is pleased to announce
that it has signed a definitive agreement ("DA") with Vesilen
Investments for the initial seed funding, for short to medium term
loans and factoring platform RevoluFIN, for up to
40
million Euros (approx 63 million CAD). Reveals future
plans for RevoluCharge and RevoluVIP.com
RevoluFIN financing
platform
The renamed platform is visible in pre-public
beta version at www.RevoluFIN.com. CUV Ventures and Vesilen
Investments are to launch a proprietary financing platform to
facilitate short to medium terms loans and factoring for
transactions, both private and international, with an initial
capitalization of 40 million Euros (approx 63 million CAD). All
seed capital for loans is to be provided by partner Vesilen
Investments. The RevoluFIN finance platform intends to provide
payment facilities for commercial Letter of Credit (LC) holders,
and short term financing requirements. Secondly, the platform will
focus upon stimulating the nascent self employed economies around
the world, in travel related services, sold through the company’s
and partner websites, giving entrepreneurs access to much needed
capital, while securitizing loans through pre-booking retentions.
Through RevoluFIN, CUV Ventures Corp hopes to assemble numerous
deals it has identified over the past 12 months, which could
directly impact the company’s revenues, especially in the;
Hospitality, Travel & Media sectors. Additionally, the
RevoluFIN platform hopes to enable third party financiers to
directly finance outstanding secured receivables while obtaining
above market interest returns of between 8 and 9.5%. RevoluFIN
should appeal to small and medium-sized enterprises (SMEs) looking
for an improved way of working capital financing by selling their
outstanding means of payment collection from sales in international
markets (typically LC and Secured Drafts) by transferring the
credit rights to RevoluFIN and, its financiers. Contrary to
traditional invoice finance, RevoluFIN will be fast, flexible and
employ transparent contract terms.
Highlights of the Definitive agreement
with Vesilen Investments
- Up to 40 million Euros (63 million Canadian dollars)
Financing
- Annualized interest to seed investor partners 9.5%
- Approximate annualized commercial loans at 14.5%
- Risk Committee consisting of 6 members to vote on loan
approvals
- 3 risk committee members from CUV Ventures
- 3 risk committee members from Vesilen Investments
RevoluFIN potential finance
market
The company has identified the initial market to
be approximately $3 billion; therefore, the seed capital acquired
through this initial definitive agreement is considered to be just
the launch proceeds of the platform. The company continues to
negotiate similar terms with previously cited; Bhavnani Corp,
Al-Fahim and other groups. It also publicly offers capital
investors the opportunity to participate, via the RevoluFIN
website.
RevoluCHARGE Mobile phone recharges
The company has identified a niche market
closely related to the world remittance market. The market is
automatic online or app based mobile phone recharges in developing
nations, generally enacted by families and friends outside country.
This multi-billion dollar market is therefore directly related to
Revolupay and should be an integral part of the payment offers from
within the app, along with stand-alone future website
www.RevoluCHARGE.com and accompanying mobile app. The company is
studying various options, including certain entities that provide
wholesale white label automated recharges in 248 Countries &
117 currencies, with commissions ranging from 5 to 15% for
resellers. CUV Ventures feels that the mobile recharge market is a
natural fit for its Revolupay remittance customers.
RevoluVIP Member Only Travel Club
The company plans to launch www.RevoluVIP.com
further to it becoming a duly licensed Amadeus GDS (Global
Distribution System) travel provider. Amadeus is one of the world’s
largest providers of wholesale rates to the travel industry, only
accessible by duly certified travel professionals.
The current travel industry we know today, in a
retail format, is largely an amalgamation of GDS derived travel
offers, exposed on third-part retail websites, and subject to
individual mark-ups by the web based travel retailers. To launch
RevoluVIP, the company intends to work closely with companies
associated with management and insiders to deploy a white-label,
members only, travel club across over 800 country specific
websites, such as CanadaVIP.com, AmericaVIP and, all other websites
within the VIP group (see footer). The club will be for members
only; services may only be purchased by members using their
Revolupay app, with an annual Travel Club membership fee
applicable. The three levels of membership will provide varying
degrees of discount, diamond being the highest, with close to net
rates applicable. Annual membership under Diamond status is
projected to be $200 USD, meaning that in a single trip of just
$2000, the membership dues would probably be recouped, leading to
heavy member savings on all future trips during the remaining
annual term. The company’s target is 1 million members within 2
years.
About CUV Ventures Corp.:
CUV Ventures Corp. is a multi-asset,
multidivisional publicly traded Canadian company deploying advanced
technologies in the; Money Remittance, Crypto Mining, Mobile Apps,
Online Travel, Vacation Resort, Blockchain Systems, Invoice
factoring and Cryptotoken sectors.
Our flagship technology is Revolupay®, the Apple
and Android multinational remittance app, powered by blockchain
protocols, and aimed at the worldwide + $150 billion family
remittance market.
The ₡CU Coin Cryptotoken, allied to Revolupay®,
promises to be the coin of choice for remittance senders, travelers
and the hospitality industry. Its increasing adoption across
several spheres exemplifies its international perspective and
future value amongst users.
The company’s Fintech division continues to
expand into this rapidly emerging segment, in which it; manages,
operates and develops end-to-end digital platforms to monetize the
blockchain ecosystem across a broad spectrum of leisure related
industries, remittances and finance.
A diverse division of the company,
named Cuba Ventures, is involved in Caribbean Basin strategic
investments. Similar to the United States Nasdaq
listed Herzfeld Fund, the focus is to control noteworthy
assets related to the Caribbean Basin (including Cuba). The
division is comprised of numerous assets. A wholly owned
subsidiary Travelucion Media, a duly licensed and bonded
online travel company, Amadeus GDS affiliated, digital
& print media powerhouse that specializes in travel marketing,
electronic reservations and online booking
solutions. Travelucion owns a vast portfolio of web
assets consisting of 432 Cuba-centric websites in up to 5 languages
which generate over 35 million page-views per year and direct
traffic to Travelucion’s online booking and e-commerce sites and
proprietary online booking systems, also customized for white label
deployment on third party booking websites for; Cayman Islands,
Dominican republic, Aruba, Bahamas, BVI, Belize, Antigua, Jamaica
and Cuba, offering bookings for hotels, private residences, car
rentals, tours, flights and a variety of other types of specialized
travel services as well.
In 2017, the company acquired equity in the
Florida, USA based, licensed and bonded Travel
Agency; International Business & Travel Opportunities, LLC
(IBTO), a Caribbean Basin focused travel facilitator operating
trips in the region (including licensed Cuba trips for
Americans).
In 2018, the company acquired equity in the
Florida, USA based, Third Circle Publishing LLC, publisher of the
esteemed and U.S circulated print and digital magazine Cuba
Trade Magazine. CUV Ventures Corp now controls important print and
digital media assets, reaching 10s of millions of consumers
globally.
In 2018, the company acquired equity in the
Toronto; Canada based, duly FINTRAC licensed, remittance company
Duales Inc. as part of the Revolupay® remittance app partner
network.
In 2018, the company acquired equity in the
Miami; USA based, Business Advisory/Consultant Think-Tank Havana
Consulting Group, as part of the progressive acquisition of key
Cuba related but, non domiciled, businesses.
The Cuba Ventures division consulting team
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.
Through this methodology, the Company is
gradually building a potentially valuable “future-ready”, non
Caribbean (Cuba) domiciled asset base while, in the interim,
securing revenue, growth and unique opportunities present in the
Caribbean Basin, with an emphasis on the $4 billion dollar and
rapidly growing Cuban travel and tourism industry, $3 billion
factoring and FinTech sector, $18.6 billion Caribbean
remittance industry and international corporate consulting for
Cuba’s $86 Billion annual economy, which remains an interesting
opportunity and, one that this division strives to dominate at
every opportunity by acquiring assets that are neither physically
domiciled nor associated with entities located in Republic of Cuba
but, that have unparalleled future takeover prospects, should the
political climate improve.
For further information on CUV Ventures Corp. (TSX-V: CUV) visit
the Company’s website at www.cuvventures.com. The Company has
approximately 121,800,00 shares issued and outstanding.
CUV VENTURES CORP.
STEVE
MARSHALL______________________________Steve MarshallCEO
For further information contact myself or:Nick
FindlerCUV Ventures Corp.Telephone: 604-639-3850Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@cuvventures.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.
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