MIAMI, Dec. 22, 2014 /PRNewswire/ -- Fuego Enterprises
Inc. (OTC Pink: FUGI) welcomes a whole new era in the relations
between Cuba and the United States. President Barack Obama announced major changes in US
policy with respect to Cuba,
unveiling the most substantial steps toward diplomatic and trade
normalization since the US severed relations and imposed a full
trade embargo in 1961.
We support the efforts and determination of President Obama and
President Castro to reinstate full diplomatic and commerce/trade
relations. While the embargo still remains in effect, President
Obama said he will take several executive actions to open more
commerce/trade opportunities and ease travel restrictions between
the U.S. and Cuba, including
relaxing banking restrictions, the sale and export of goods,
funding flows and financing. President Obama also set in motion a
course of actions to formally recognize Cuba by U.S. and open an embassy in
Havana.
Fuego Enterprises Inc. has been
exploring business opportunities in Cuba for a long time and believes it is well-positioned to take advantage of
current and emerging business opportunities between the U.S. and
Cuba.
"We're thrilled to welcome this historical change in
U.S.-Cuba Policy. This is
precisely what we have been waiting for," said Hugo Cancio, CEO of Fuego Enterprises Inc. "We
have worked very hard for many years to develop strategic relations
and operations in Cuba. We believe
that Fuego Enterprises' extensive experience and credibility in the
Cuban market can finally be applied so that we may now move forward
with our plans. It is our intent to begin the process to become
fully reporting again and implement our vision very soon!"
About Fuego Enterprises, Inc.
Fuego Enterprises, Inc. is a diversified holdings company
focused on business opportunities in Cuba and the United
States with operations in Media and Entertainment,
Telecommunications, Travel & Real Estate. Fuego Enterprises
also publishes two magazines: OnCuba (www.oncubamagazine.com)
and ART OnCuba, the first Cuba-focused monthly and quarterly bilingual
magazine publication with national distribution in the U.S. Both
magazines are published in hard copies and electronic formats and
is distributed in select Barnes & Noble stores throughout
the United States. It is also
distributed in Cuba and is the
official and exclusive "in-flight" magazine for almost all flights
from the U.S. to Cuba.
CONTACT: Ariel Machado,
+1-305-823-9193, arielmachado@oncubamagazine.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/fuego-enterprises-inc-welcomes-president-obamas-announcement-of-major-changes-in-us-cuba-policy-300012851.html
SOURCE Fuego Enterprises, Inc.