Travelucion Records Monthly Sales in
February 2017 of over $192,000
Cuba Ventures Corp. (TSX-V:CUV) (OTCBB:MPSFF) (the
“Company”) is pleased to announce that the company’s CEO Steve
Marshall has signed an exclusive agreement with Tyrval, a world
supplier to the hotel and hospitality industry. Republican Senator
for Kansas Jerry Moran introduces legislation to lift the Cuban
embargo. The travel division of the company had a very strong month
in February, usually Cuba’s low season, of $192,000.
Cuba Ventures signs exclusive agreement
with major Hotel industry supplier Tyrval
The Company is pleased to announce that it has
entered into an exclusive agreement for the Island of Cuba with
Tyrval, the world eminent supplier to the Hotel &
hospitality industry, currently represented in USA, Panama,
Costa Rica, Sri Lanka, Aruba, Jamaica, Mexico, Dominican Republic,
Brazil, Bahamas, St Martin, Mauritius, Nicaragua, Colombia, Cape
Verde, France and Spain. Tyrval is an exclusive supplier of LG
Electronics, Hotel room equipment and decoration, industrial
restaurant equipment, including dining room fittings and fixtures,
indoor and outdoor furniture, lighting and other hotel related
hardware. Cuba’s hotel infrastructure is experiencing a major
upgrade due to the advent of increased tourism, with over 4 million
arrivals in 2016. Cuba Ventures' consulting division has identified
a need for such synergies to assist its Cuban hotel partners with
the upgrade of partial or complete hotels, common areas and guest
accommodations. Tyrval is the preeminent company for offering
turnkey solutions and one-stop purchasing for partial or complete
interior and exterior upgrades of Cuban hotels. The company
anticipates providing Tyrval with a minimum 1 USD million dollar
turnover by 2018 under a contracted minimum of a 5% commission
structure. Steve Marshall, the company’s CEO commented, “due to our
positioning in the Cuba travel industry, we have our finger on the
pulse for planned hotel upgrades across the island. Furthermore,
the unprecedented decision taken by the Cuban government to allow
Iberostar Hotels to freely import goods for their hotels in Cuba is
a trend that is likely to spread across the whole hotel management
sphere on the island. Previously, all imports to Cuba were
administered by the Cuban government. The hotel equipment industry
in Cuba is potentially a billion dollar industry and, as tourism
continues to increase, existing hotels need to be modernized and
new hotels are built.” Tyrval CEO Jordi Tomas Romero stated,
“Tyrval has long considered an entrance into the Cuban hospitality
market, having supplied extensively to hotel chains in the
Caribbean region since 1993. The travel division of Cuba Ventures
Corp, Travelucion, works alongside all hotels in Cuba on a
day-to-day basis, therefore, key market intelligence is gleaned,
allowing Cuba Ventures to gain a head-start when proposing our
products to hotels looking to upgrade or, for complete hotel
refurbishments or, as new hotels come on line. As our exclusive
partner in Cuba, we consider Cuba Ventures Corp as the sole
alternative.”
Monthly Sales in February
2017:
The Company booked over CDN
$192,000 in unaudited net sales for the month of
February 2017. January's sales show the strength of the Company's
robust travel services, even in the historically slow Cuban travel
month of February. Increased interest in Cuba, along with
heightened media attention in the United States surrounding
the Company’s Cuba-centric digital media platform, including 432
websites focused upon Cuba, is stimulating these increased
revenues. Visitors to the Company’s websites from the United States
now represent 36.8% of the approximately 37 million annual page
views, up from 6% in 2014.
Sen. Jerry Moran (Rep) Introduces
Legislation to Restore Trade with Cuba
In an unprecedented move, on March
13th Republican Senator Jerry Moran introduced legislation to
the US senate known as; The Cuba Trade Act of 2017 (S. 472) to Lift
the Cuba trade embargo and allow U.S. financial institutions the
freedom to extend credit to Cuba.
http://www.moran.senate.gov/public/index.cfm/2017/3/sen-moran-introduces-legislation-to-restore-trade-with-cuba
http://krvn.com/agricultural/video-sen-moran-introduces-legislation-to-restore-trade-with-cuba/
Nearly 150 U.S. organizations have voiced their
strong support for common sense reforms to U.S.-Cuba relations,
including the U.S. Chamber of Commerce, the American Farm Bureau
Federation, the National Association of Wheat Growers, Engage Cuba
and the U.S. Agriculture Coalition for Cuba (USACC). The senator
from Kansas is keen to see U.S farmers sell agricultural
commodities to Cuba as the U.S farm belt states suffer the worst
economic crisis since the great depression.
Another key Cuba trade proponent, Sonny Perdue,
was chosen by the president as the Agriculture Secretary position.
Sonny Perdue, the then governor of Georgia visited Cuba in 2010 to
promote free trade with the island nation. The company’s CEO Steve
Marshall visited Capitol Hill earlier this month, meeting with key
supporters of this legislation “Engage Cuba” and the office of
congressman Adriano Espaillat (R).
Resignation of Donald
Huston
The company announced today that Donald Huston
has resigned from Cuba Ventures' board of directors effective March
16, 2017. Donald Huston has provided valuable insight and
assistance as the company has acquired assets and expanded as a
company. Cuba Ventures Chairman, Jim Petitt, said, "We thank Mr.
Huston for his service to the company and wish him success in his
future endeavours."
Cuba Ventures in the Media
Cuba Ventures CEO Steve Marshall Interviewed on
Telemundo news Washington DC (Spanish):
https://www.youtube.com/watch?v=oc48Z2AGpUQ
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 travel
information, 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.
Travelucion's 432 Cuba focused multilingual
websites generate over 30 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.
Travelucion's revenues have been rapidly growing
in the wake of the notable shift in American policy towards Cuba.
With diplomatic relations now normalized and restrictions on
qualified American travel to Cuba relaxed, opening of the
multi-billion dollar travel market to the Caribbean nation is
becoming a reality. Travelucion's continued media dominance over
the past two decades has provided Cuba Ventures with a competitive
advantage in the burgeoning Cuba travel and online media space.
With the relaxing of rules for American travelers to Cuba and the
potential of further easing, growth and investment opportunities
are on the rise in Cuba.
Cuba Ventures' consulting division harnesses
over 60 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.
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
72,412,487 shares issued and outstanding.
CUBA VENTURES CORP.
STEVE
MARSHALL______________________________Steve MarshallCEO
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.
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