Cuba Ventures Corp. (TSX-V:CUV) (OTCBB:MPSFF) (the
“Company”) Travel Division is pleased to announce that it has
entered into a memorandum of understanding ("MOU") with Booketea
for bilateral GDS integration into all 432 of the Cuba Ventures
propriety Cuba-Centric websites for a payment of $25,000 euros.
Booketea is Europe’s leading travel industry specialist, having
provided similar GDS booking Technology for Segway Trip Inc, Fred
Olsen Ferries, and Spa wellplus. Simultaneously, an MOU was signed
with Enjoysea.com, a worldwide nautical activity marketer. This MOU
includes worldwide distribution of Cuba’s enormous array of water
sport activities, catamaran cruises, diving, jet ski and other
nautical activities contracted through Travelucion, a wholly owned
subsidiary of Cuba Ventures Corp. The Company expects increased
revenues from its travel division as a result of these upcoming
synergies.
Consulting & Fintech
Divisions
Cuba Ventures welcomes two new advisors, Steven
Geiger and Patrick Murphy to assist with projects related to the
Al-Fahim Fintech venture and other commercial avenues to be
established.
Booketea MOU
The Company owns possibly the world’s largest
network of Cuba digital media assets, 432 Cuba-centric websites
generating approximately 35 million visitors annually, and selling
Cuba travel services from multiple associate sources. The Global
Distribution System (GDS) is a worldwide travel distribution
network operated by, amongst others, Amadeus, Sabre and Travelport.
Most travel offers displayed on famous retail travel websites are
in fact derived from the GDS, then displayed as proprietary offers
by travel marketers worldwide. With the proposed partnership with
Booketea, the Company will create a bilateral channel to the GDS,
allowing worldwide sales on third party websites of services
originating from ourselves, while likewise displaying offers from
third parties under a commissionable structure on the Company’s
propriety websites. This is an important step, especially for the
nascent U.S. market, where over 90% of travel offers displayed on
travel websites are derived from a GDS related source. Being a GDS
supplier and seller aligns the Company with the two major U.S.
travel giants, allowing its Cuba Travel offers to be transparently
distributed by these when it is legal, under U.S. law, for them to
do so.
EnjoySea.com MOU
EnjoySea has grasped a worldwide distribution
niche market. The nautical activities associated with many
vacations having, until now, been marketed directly at destination.
This untapped market for pre-bookings of such offers to future
visitors offers an increased revenue stream. Cuban nautical
activities, proposed worldwide, could be immensely successful,
especially considering the record numbers of visitors now making
Cuba their next destination.
New Advisors Added to the Team in
Preparation for the Planned Al-Fahim Fintech Definitive
Agreement
Steven Geiger is a recognized global energy
expert who has led multiple large-scale energy investment programs
in emerging economies. Most recently he served as Chief Operating
Officer for Skolkovo, the $5 billion Russian national technology
& economic transformation agency tasked with innovating
Soviet-era energy systems. Earlier, he was a Director of MASDAR, a
$15 billion renewable energy company owned by Abu Dhabi government
and one of the world’s largest renewable energy companies.
“I’m excited to advise Cuba Ventures Corp. as it
expands into Cuban energy projects, especially renewable energy,”
Geiger said. “The Soviet-era Cuban energy and power systems offer
unprecedented investment opportunities, and two decades of
transforming similar assets give Cuba Ventures Corp. a key
advantage in identifying and executing the most attractive
projects,” Geiger added.
Steve Marshall, CEO of Cuba Ventures Corp.
added: “Mr. Geiger and I go back almost two decades. I am thrilled
he has accepted my invitation to join our Advisory Board. Large
scale renewable energy deployments in Cuba are imminent. Subsidized
Venezuelan oil is disappearing; meanwhile renewables are already
cheaper than existing oil-fired power stations. Cuba’s vital
hard-currency earning sectors, like tourism in particular, need
reliable and affordable power. Additionally, clean renewable power
can only further strengthen Cuba’s attractiveness as a top tourism
destination.”
W Patrick Murphy was Secretary of the largest
real estate political action committee in the United States named
Cen-Pac to protect Worldwide Intellectual Property. Mr.
Murphy served on the Senior Management of Century 21 Real Estate
Corporation developing niche market expertise to increase franchise
sales by $22 million in one year. Mr. Murphy has thirty-nine years
of broad based experience in entrepreneurial and corporate roles
from start-ups to management of seasoned domestic and international
organizations. Familiar with all phases of real estate franchise
branding, real estate development and specialized travel
development. W Patrick Murphy developed the largest real estate
franchise network in the Caribbean Basin, Venezuela, Colombia and
Central America with 45 offices, 500 agents in 23 countries or
protectorates. BA Morningside College, MA University of South
Dakota, Securities Licenses Series 39, 63, 22, GRI, CIPS, CCIM.
Mr. Murphy stated, “With hotel chains from the
United States now operating numerous properties in Cuba, interest
from other groups is at fever pitch. Cuba Ventures Corp., through
its travel division, has identified numerous properties for its
consulting division to analyze. Increased joint ventures
opportunities with U.S. or worldwide hotel chains seem
probable.”
Cuba Ventures CEO, Steve Marshall, commented, “I
have followed Patrick’s prolific career for almost two decades. I
am excited to have him join Alfredo Manresa and our Consulting
Division, just as surmounting interest in Cuban resort and Hotel
property management by International Hotel chains is getting into
full swing.”
Cuba Ventures Acquires CubaFinTech.com
Domain Name
Cuba Ventures Corp has acquired, on the
secondary domain name market, www.CubaFinTech.com
which it intends to develop in line with the proposed DA concerning
a Fintech definitive agreement with Al-Fahim Technologies.
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 Cuba travel
information in up to six languages, 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.
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 73,012,487 shares issued and
outstanding.
CUBA VENTURES CORP.
“Steve
Marshall”______________________________STEVE MARSHALLCEO
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.
For further information contact myself or:
Nick Findler
Cuba Ventures Corp.
Telephone: 604-639-3850
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cubaventures.com
CUV Ventures (TSXV:CUV)
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CUV Ventures (TSXV:CUV)
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