Cuba Ventures Corp. welcomes Bhavnani Corporation and CEO Dileep Bhavnani to the advisory board
23 1월 2018 - 10:00PM
Cuba Ventures Corp. (TSX-V:CUV) (Frankfurt:IJA2)
(OTCBB:MPSFF) (the “Company”) - is pleased to announce that further
to the September 19th, 2017 signed letter of intent (“LOI”), it has
signed a formal consulting agreement with Bhavnani Corporation and
welcomes CEO Dileep Bhavnani as an advisor to the company. Bhavnani
Corporation has accumulated a worldwide reputation, through its
honorary president and legendary European stock market investor,
Mr. Ram Bhavnani. Mr. Dileep Bhavnani, son of the famed investor,
is an important addition to the company’s advisory board.
About BHAVNANI CORPORATION
BHAVNANI CORPORATION holds equity in numerous
technology companies bringing value to its technology and IT
focused subsidiaries from its position as a significant shareholder
and its active participation in the Boards of Directors and, in
other governing bodies of these companies. BHAVNANI CORPORATION
invests in companies with high potential, strong management teams,
with great financial strength and flexibility and with a proven
competitive advantage in their relevant sectors. In addition, the
stock market knowledge and impeccable reputation of its honorary
president, Mr. Ram Bhavnani, underlines its continued investment
activity.
As a result of a series of the high level
meetings in Europe in January 2018, Cuba Ventures Corp. has signed
a comprehensive consulting and advisory agreement with BHAVNANI
CORPORATION. The parties are currently evaluating the opportunities
offered by the Cuban market and other key markets related to the
Revolupay® blockchain remittance and payment app and CCU Coin
Cryptotoken. Shareholders are reminded that BHAVNANI executives
visited Cuba from 24-29 Sept 2017 and management have met on
several occasions since that date to discuss multiple
opportunities, both related to current activities of the company
and, future opportunities which will be disclosed in due time.
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. Travelucion's online travel
division is a duly licensed retail travel supplier handling
millions of dollars in sales annually which was recently awarded a
Amadeus GDS distribution license.
Cuba Ventures Corp. has acquired an equity
interest in a Florida, the USA domiciled, licensed and bonded
travel agency which specializes in travel to Cuba. This equity
ownership permits the company and, its subsidiary Travelucion, to
promote U.S compliant travel packages to American citizens through
its equity partner International Business & Travel
Opportunities, LLC, Fort Lauderdale, Florida, USA.
Travelucion's 432 Cuba focused multilingual
websites generate over 35 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.
Cuba Ventures FinTech division is embracing
world renowned entities to bring together a global force to
stimulate Cuba’s archaic economic systems. Financing of both
internal and external debt, ₡CU Coin Cryptotoken and Revolupay®
blockchain deployment - across the all important private
enterprises and remittance industry are primary objectives of this
division. Finally, bridge loans for foreign enterprises who receive
Cuban bank payment instruments will enable faster transactions and
rapid advances in the economy.
Cuba Ventures consulting division 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.
Current contractual partnerships include Tyrval, a worldwide hotel
industry supplier. Cuba Ventures intends to augment the amount of
financially beneficial consulting related businesses.
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 approximately 109,000,000
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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