CUV Ventures Corp. (TSX-V:
CUV
) (the “Company”) Vancouver, BC – (the
“Company”) is pleased to announce that the RevoluPAY® app has been
successfully launched publicly on Google Play for Android Platforms
and, can be downloaded immediately. The company expects the Apple
version to be available on iTunes shortly.
About the
RevoluPAY® Android
App
The company has preferred to release the current
version of the app to the public and commence live testing of the
remittance and payment app, using the Android version. Studies have
revealed that Android devices are more prevalent in developing
nations and, by launching on this platform; the company is able to
commence real-time trials of the app, glean usage intelligence
while, at the same time, concluding the Apple submission and tacit
approval process. Gradual App version updates and, country
disbursement (cash-out) licensees, will be added gradually, as the
trials continue and, shareholders will be updated every step of the
way.
CUV Ventures and PayNoPain S.L enter
into contractual agreement
The company has entered into a contractual
agreement for the current app revealed today and, future
development of the RevoluPAY® eWallet remittance and payment app
with PAYNOPAIN SOLUTIONS SL., Castellon, Spain. The contract
includes CUV’s legal ownership of the resulting source code and
app. The company already holds numerous worldwide RevoluPAY®
trademarks. A significant high point of the contract includes,
guaranteed and immediate cash-out disbursements across the entire
European Union, in addition to those countries previously
announced. The multi-billion euro Remittance inflows, into lower
GDP European countries, are of great interest to the company.
Notable Contractually Agreed Terms are:
- CUV Ownership of the app and source code
- Wi-Fi, Mobile Network and NFC transactions
- AES 256 Encryption
- CCU Cryptotoken incorporation (V2)
- Invoice Payment (RevoluCHARGE, RevolUTILITY, RevoluVIP)
- Invoice Payment (Third Parties)
- Blockchain and AI Engine
- Extraction of funds at Cash-Points and Banks
- Multi-Currency
- Apple & Android
- Consumer Version
- Merchant Version
- AML & KYC Compliance
- Immediate Cash-Out (Disbursements) in Europe
- Secondary Cash-Out (Disbursements) in selected licensee
countries
Equity Partner Third Circle Publishing,
Miami - Magazine with CUV Ventures
Management is pleased to announce that the first
printed version of the magazine, since the company’s equity
purchase in Third Circle Publishing, has been distributed
worldwide, the July edition includes the contractually agreed full
page advertising and, inclusion of CUV Ventures in the editor
section. Shareholders wishing to receive a souvenir printed copy of
this emblematic edition may contact investor relations for a
complimentary copy.
CUV Ventures And Parties Cease Agreements and
MOU
03/05/2018 - CRYPTO LIQUIDITY HOLDINGS INC – On
24/07/2018, through mutual agreement, both parties have decided not
to pursue any ongoing synergies.
24/11/2017 – RevoluPAY - Vesilen Investments
S.L. - On 29/06/2018, CUV Ventures received a proposal to
fundamentally modify the initial agreement for the development of
the RevoluPAY app. On 09/07/2018 the tender was rejected. Included
in the modified terms was a theoretical licensing of the software
from the party and, a considerable increase in the initially agreed
total development cost. As a result, the two real time app
transactions were not successfully completed and, neither a
functioning app, nor the source code, was delivered.
02/11/2017 – GDS - Booketea S.L – Bilateral
communication between the mutually assigned management boards,
elected on the date of the contract, failed to materialize.
*Management remains committed to the remaining
accords with Vesilen Investments and, are working with their
management towards numerous forthcoming ventures and synergies.
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, 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.
For further information on CUV Ventures Corp.
(TSX-V: CUV) visit the Company’s website at www.cuvventures.com.
The Company has approximately 123,200,000 shares issued and
outstanding.
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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