CUV Ventures Corp. (TSX-V:CUV) (the “Company”)
Vancouver, BC – (the “Company”) is pleased to announce that
subsequent to the news release dated 29th June 2018, the wholly
owned Subsidiary, Travelucion, has been awarded the IATA
(International Air Transport Association) wholesale license. The
IATA license is a crucial component to permit autonomous and,
direct sales of flight tickets, which are logically a crucial
component of the upcoming RevoluVIP members only Travel Club.
CEO Steve Marshall comments on this important
milestone; “Diversifying our multimillion dollar annual revenue
online travel subsidiary, into a significant array of new world
destinations, has been our mission since Travelucion was acquired.
This step-by-step process has included obtaining licensing and
approvals from the same organizations from which approvals are
mandatory for the world’s largest billion dollar travel
enterprises. While a daunting task 6 months ago, our persistence
has paid off, having obtained the key final component with today’s
approved IATA License, a key and valuable asset for our
shareholders and, a license which will allow RevoluVIP members to
purchase flight tickets directly, without intermediary commissions.
Worldwide flight ticket sales for 2017 were $834 billion USD and, I
need not underline the significance of this latest achievement for
our shareholders”
RevoluVIP To Revolutionize How People Buy Travel
Services
Shareholders are aware that the company derives
significant revenue from its wholly owned Online Travel Subsidiary
Travelucion. Travelucion employs an excellent team of professionals
with profound knowledge of the Online Travel industry and, has
demonstrated a prominence in the sector, while focusing, at the
start, on just a handful of Caribbean markets. The natural
progression into a worldwide travel consortium and, the advent of
the unique members only Travel Club, RevoluVIP, expects to provide
our shareholders with enhanced revenue, over and above a handful of
select Caribbean destinations, as in the past, integrating a
plethora of worldwide destinations in 134 countries. It is
important for shareholders to note that this pivotal transition
into world markets is not an entirely new business but, rather, the
addition and augmentation of revenue, merely through growing income
through increased offers, destinations, and countries. Therefore,
the metric of potential revenue calculation is more aligned to the
increase in available countries, than the overall feasibility of
the tried and tested Travelucion revenue generating division,
which, through RevoluVIP, will increase its market potential +100
fold.
RevoluVIP Industry Disruption Model
Destination Websites
The travel industry has amalgamated into a
superfluity of generic brands that reduce or eliminate the focus on
individual destinations and country offers. However, conversely,
consumers naturally study and, narrow down possible future travel
on a per-destination basis. Logically, if this premise holds true,
consumers thinking of traveling to say France would invariably seek
travel offers specifically for France. RevoluVIP and, its sister
websites, will cater to the true logic behind traveling, displaying
specific and profound travel offers for France and, its major
destinations, on a specific website known as www.France-VIP.com.
Likewise, 134 VIP country websites will form the ensemble of the
RevoluVIP world travel system, permitting consumers to narrow down
to a country, explore extensive offers in that country and, make
immediate bookings, specifically for that destination on that
country’s website. While, of course, the main RevoluVIP.com website
will not be dissimilar to current prominent travel websites,
offering world travel on one website, RevoluVIP members will also
be empowered with a greater level of detail and offers when
transitioning to the stand-alone country VIP website for their
chosen destination. This marketing strategy multiplies by 134 the
access point websites to the RevoluVIP Club while, at the same
time, ensuring consumers see only those offers that coincide with
their chosen country, instead of the confusing destination
oversaturation often experienced on generic multi-country travel
websites. With 134 individual country specific websites, it is
quite possible that this type of system is unique, the company
having no knowledge of any other online travel company that has
approached the market in this manner.
RevoluVIP Club Membership
Shareholders have grasped the concept of
RevoluVIP for some time now. Members of RevoluVIP, especially those
with Diamond access, will benefit from heavily reduced rates on all
services, very close to net rates for many travel offers.
Conceptually, the travel industry derives 90% of its offers from
wholesale GDS operators, republishing these offers on retail
websites with an added markup. This markup constitutes the billions
of dollars profits the big 3 travel companies amass annually. The
back engineering of this archaic retail methodology leads us to a
GDS wholesale offer which is republished with the relevant
corporate mark-up, which constitutes to the offer seen by consumers
on the myriad of retail websites. Any pricing disparity or,
subjective special offers, are merely one retailer imposing a
lesser mark-up over the other, on the predefined GDS wholesale
rates, that all retailers invariably publish. Members of RevoluVIP
will experience GDS wholesale offers at the source, thus empowering
them with better rates and greater spending power for every trip,
during the annual membership term. It is estimated that a single
trip whose cost equates to over $2200 USD could be sufficient to
offset the entire annual diamond family membership dues to the
Club. The Club Members and Club membership will be handled
exclusively by RevoluVIP Inc, a wholly owned, Canadian domiciled
subsidiary of the company. The RevoluVIP travel network will be
managed by the duly licensed and bonded travel subsidiary
Travelucion. The whole network will be managed entirely in-house
via both wholly owned subsidiaries. The company’s target is 1
million RevoluVIP members by 2020 which may include some of the
+200,000 past and present clients of Travelucion.
RevoluPAY and RevoluVIP
In order to pay for travel services, RevoluVIP
members will be required to utilize the RevoluPAY payment app for
all purchases. This seamless integration will ensure the organic
growth of RevoluPAY users, in tandem with the increased members of
the RevoluVIP travel club and, most probably, vise versa, as
RevoluPAY members learn of the extended benefits of the RevoluVIP
travel Club. RevoluPAY, as the central hub to all Revolu´s, is the
key premise of organic marketing and, consumer exposure.
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 leisure payments and remittance app,
powered by blockchain protocols, and aimed at the worldwide + $595
billion family remittance market. Click here to read more.
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.
CUV Ventures (TSXV:CUV)
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