CUV Ventures Corp. (TSX-V:CUV) (the “Company”) is
pleased to announce that it has released the beta 3 version of the
RevoluPAY® Apple and Android remittance and payment app. The
current version incorporates improvements, gleaned from a closed
public and management software trial. The Beta 3 released
today is a close variant of the upcoming public release version. A
second merchant (licensee) version is also in final stages of
completion. Further, the company is pleased to provide updates on
RevoluVIP and RevoluPAY® platforms.
Video Link Beta 3
RevoluPAY®
RevoluPAY® nears
completion
The company has today released a video of the
Beta 3 version of the Apple and Android blockchain powered
RevoluPAY® app, operating as a digital wallet for worldwide
app-to-app transactions, compatible with payments on the
company’s and, third party travel websites and, also to penetrate
the estimated $595 Billion international remittance markets and
world travel sales sector. The app displays balances in both the
originating loaded fiat currency and, the corresponding proprietary
CCU Coin Cryptotoken amount. Shareholders have been continuously
provided with visuals of the app versions during the development of
this groundbreaking app. RevoluPAY® is now set for imminent launch
in June 2018. The entire development of the app is fully paid and
is well ahead of schedule.
RevoluVIP International Inc.
Incorporated in Canada
On April 24th, 2018 the company incorporated the
wholly owned subsidiary RevoluVIP International Inc., domiciled in
Vancouver, British Columbia. RevoluVIP promises to be the world’s
first, members only travel club, rewarding Diamond members with
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 on
the main RevoluVIP.com website and, 134 country/destination
specific websites. Members, simply login and book through RevoluVIP
websites to obtain dramatically reduced rates. RevoluVIP
International Inc is aiming for 1 million members by Jan 2020.
Should all members opt for the Diamond level, this will generate
USD $249 million in annual dues. Revenue from membership dues will
be paid to the wholly owned subsidiary RevoluVIP International Inc.
which retains the exclusive rights for its members to access the
platform worldwide. The RevoluVIP travel platform will be; owned,
operated and managed by the wholly owned subsidiary Travelucion,
the company’s duly licensed and bonded Travel Corporation.
RevoluVIP Development
Update
RevoluVIP is set to revolutionize and disrupt
the travel sector with a member’s online access to GDS (Global
Distribution System) and wholesale rates for; Flights, Hotels,
B&Bs, Car Rentals, Cruises, Tours, Excursions, local transfers
and, many other worldwide travel related services. Members of
RevoluVIP may only pay for services using the RevoluPAY® app.
- Internal Software Development Team Assembled
- Amadeus XML GDS License Acquired
- Initial Website Design in Beta 1 phase
- Worldwide Wholesale partners selected & approved
- IATA License in the final stage of approval
- Proposed 134 Country, destination focused, websites
- 3 Exclusive Club Membership Levels
- Potential $249 USD million annual membership fees (1 million
members)
- Low online operating costs of the entire system
- Organic growth of RevoluPAY® users
First specific country/destination website
rollout (includes a main multinational website - RevoluVIP.com)
- AmericaVIP.com
- CanadaVIP.com
- China-VIP.com
- France-VIP.com
- Mexico-VIP.com
- SwitzerlandVIP.com
- JapanVIP.com
- AustraliaVIP.com
- DominicanRepublicVIP.com
- MonacoVIP.com
Other websites to be rolled out over a 13 month
period as part of the program
http://hotels.americavip.com/Place/United_States.htm
Director Bernard Lonis Meets with ITER
and Atos
Subsequent to meetings between CEO, Steve
Marshall, and Atos in November 2017, company director Bernard Lonis
has met again with ITER (Technological and Scientific Institute of
Spain) and Atos on April 24th, 2018, concerning the proposed lease
of the; installations, data center and Teide Supercomputer, located
in the canary Islands Spain. The Teide-HPC supercomputer is solar
powered and, is one of the 500 most powerful super computers in the
world. Inaugurated in 2013 by the late Stephen Hawking, it was
primarily used to map the universe by Iter. Teide-HPC will be
replaced by a superior version shortly. The computer has 16,384
processing cores, 33,664 GB virtual memory, uses 312.00 kW of pure
solar energy (at its location, close to the equator, 200 miles off
the coast of Morocco, rainfall is around 4 days annually) and, has
a max data rate/capacity of 340.787 TFlop/s. The company continues
to investigate this low-cost centralized data center for it’s over
1200 proprietary and third party websites, CCU Coin and, blockchain
infrastructure. While domiciling all of the company’s technology in
one location, the data center would also be used to generate
ancillary revenue from crypto mining. The recent rise in crypto
currency prices renders this project viable again.
B-TravelPro Show Barcelona – 20 to 21
April 2018
Company Director, Alfredo Manresa and chief
in-house software engineer Ahmed Rodriguez attend the B-TravelPro
20 and 21 April in Barcelona. Meetings were held with strategic
partners of the RevoluVIP member’s only travel Club.
Equity Partner, Miami based, Third
Circle Publishing Update
The company acquired equity in the emblematic
publisher of Cuba Trade Magazine in January 2018. As a condition of
the equity purchase, worldwide electronic subscription based
distribution was agreed and, this is now being implemented for the
next edition. Further, TCP has successfully released the first
edition of Coral Gables Magazine. As explained to shareholders, the
rational behind this equity purchase hinges upon current and future
marketing, where both the company’s proprietary 432 websites, with
over 30 million page views and, the digital and print publications
of our equity partner TCP, serve as a potent marketing force for
the ongoing promotion of RevoluPAY®, RevoluVIP, RevoluFIN and
RevoluCHARGE into world markets.
Worldwide Licensing Agreement for
RevoluPAY®
The company received, from Mc Millan Law in
Vancouver Canada, the final RevoluPAY licensing (franchise)
contract on April 23rd, 2018. The company can now sign agreements
with international, country based, remittance disbursement
licensees under a master license, per country, scenario. The
company is actively negotiating with numerous prospective
RevoluPAY® licensees in 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.
Management Visit to the Republic of
Panama
The company’s CEO and Director, Alfredo Manresa
shall be visiting the Republic of Panama in early May, the focus of
the trip being, advancements of, blockchain powered, RevoluPAY® and
RevoluFIN.
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
commercial 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 the
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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