CUV Ventures Corp. (TSX-V:CUV) (the “Company”) is
pleased to inform that, Company Director, Alfredo Manresa, attended
the E-FintechShow in Barcelona. Mr. Manresa presented the
pre-public release of RevoluPAY to both current and future banking
partners and, explored further corporate synergies for the
ground-breaking, blockchain based, RevoluPAY, remittance and
payment, Apple and Android app.
To see the full version of the news release with
pictures, click here.
E-FintechShow Barcelona – 11 to 12 April
2018
eFintech is an exclusive event for technology
executives of banking, finance, press, venture capital, analysts,
bloggers, and entrepreneurs. More than 30% are European, with the
remainder being North American, Latin American and Asian
executives.
E-FintechShow Barcelona was the pre-launch venue for RevoluPAY,
with personalized meetings and live RevoluPAY app presentations
to:
- BANKIA (Banking Partner)
- EASY PAYMENT EP
- N26 BANK
- MOMO POCKET
- IBM.
RevoluPAY is in the final phases of completion and, a final beta
3, pre-public version, will be revealed to shareholders within 14
days.
Meeting at Amadeus Headquarters Madrid
6th April
Following the approval of the Amadeus XML
wholesale GDS license, Alfredo Manresa and, the company’s Chief
software engineer, Ahmed Rodriguez, met with the senior technical
team at Amadeus Headquarters in Madrid to finalize the roll-out
chronology of the RevoluVIP members only Travel Club. Based upon
the most recent time-line, the company expects the main worldwide
RevoluVIP.com website to be active and, 10 of the 134 country
specific WebPages to be concluded and operational by, 30th June
2018. Club members will be able to book worldwide travel services
from the main RevoluVIP.com website at launch. However, country
specific websites, offering incremented national offers will
follow, in groups of 10 per month. The initial 10 being:
- AmericaVIP.com
- CanadaVIP.com
- China-VIP.com
- France-VIP.com
- Mexico-VIP.com
- SwitzerlandVIP.com
- JapanVIP.com
- AustraliaVIP.com
- DominicanRepublicVIP.com
- MonacoVIP.com
Note - The aforementioned legacy websites will
be completely modified and redesigned for the RevoluVIP
platform.
RevoluVIP promises to be the world’s first
members only travel club, providing Diamond members with the
absolute and guaranteed lowest prices, at or close to net rates,
for worldwide travel services, payable exclusively through the
RevoluPAY app. Diamond members will pay $249 annually for VIP
Travel Club access and will be able to “Look and Book” worldwide
travel services, as they do today on similar multinational online
booking platforms but, at dramatically reduced rates. The company
is aiming for 1 million members by Jan 2020. Revenue from
membership dues, allied to principal based travel related sales,
should dramatically increase the company’s revenue, upon the
successful launch of RevoluVIP.
CUV Management to attend B-Travel
Conference in Europe
CUV Management and the internal software
engineer team will attend the B-Travel International Travel Trade
fair from 20 to 22 April in Barcelona Spain. Management will reveal
RevoluVIP at the event and, seek further supplier partners, of
specialized travel services, to add to the XML based travel
offerings from its GDS partners.
Revolupay Europe EDE
As previously announced on March 12th, 2018, the
company is in the final stages of incorporating RevoluPAY Europe
EDE. The final notarized powers of attorney required to authorize
Mr. Manresa to complete the incorporation process and submit the
application for the EDE (electronic money institution) European
banking License is currently at the Spanish Consulate in Toronto
and, should be in his possession by the end of the month. Upon
receipt of the POA, Mr. Manresa will merely finalize the
incorporation and license application which was initiated in
January this year. Shareholders should note that the statutory 3
month approval period for the EDE license will NOT impede the
RevoluPAY launch, as the company has already obtained an interim
third-party banking license, the contract for which will be signed
upon the receipt of the POA and, the partner information released
to shareholders upon signing.
RevoluFIN financing
platform
The company has experienced a significant response to the launch
of the RevoluFIN lending and factoring platform. The loan approval
committee is now studying over 20 separate factoring loans.
Worldwide Licensing Agreements for
RevoluPAY
The company retained Mc Millan Law in Vancouver
Canada to redact the final RevoluPAY licensing (franchise)
contract. The meeting to approve final licensing draft agreement
was held on March 27th in Vancouver. Mc Millan has informed
corporate counsel that the final version of the contract will be
provided no later than Monday, April 16th. The company hopes to
sign agreements with international, country based, remittance
disbursement licensees under a master license, per country,
scenario. Initial target countries are the Dominican Republic and
Mexico. Other Caribbean disbursements will be handled seamlessly by
CUV equity partner Duales Inc., negating the need for licensees in
those nations.
About CUV Ventures Corp.:
CUV Ventures Corp. is a multi-asset,
multidivisional publicly traded Canadian company deploying advanced
technologies in the; Online Travel, Vacation Resort, Mobile Apps,
Money Remittance, Invoice factoring, Crypto Mining, Blockchain
Systems, and Cryptotoken sectors.
Our flagship technology is RevoluPAY®, the
Apple, and Android multinational remittance app, powered by
blockchain protocols, and aimed at the worldwide + $595 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 is a duly licensed and bonded
online travel company, Amadeus GDS affiliated, digital
and 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.
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 owns an interest in some
important print and digital media assets, reaching 10s of millions
of consumers globally.
In 2018, the company acquired equity in the
Toronto; Canada based, 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 estimated $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 123,000,000 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 (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS 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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