CUV Ventures Corp. (TSX-V:
CUV
) (the “Company”) Vancouver, BC – (the
“Company”) is pleased to announce that Mr. Michael Bruening,
founding CEO of European marketing agency CREATIVTEAM
COMMUNICATIONS, domiciled in Germany and Austria, has joined the
Company’s advisory board as a senior marketing consultant. The
Company is also pleased to provide numerous updates concerning:
RevoluPAY®, RevoluFIN, RevoluVIP and RevoluCHARGE.
About Michael Bruening
For more than 20 years, Michael Bruening has
been the founder and managing director of the German advertising
agency, CREATIVTEAM COMMUNICATIONS, with numerous long-standing and
notable clients: Volkswagen, Varta, Johnson Controls, Continental
and, many more. With Michael at the helm, CREATIVTEAM
COMMUNICATIONS provides key marketing support in both Germany and,
throughout Europe, to top-tier publicly listed and private
companies. In addition to the automotive sector, his agency also
focuses on finance, food and agriculture, as well as tourism. In
addition, Mr. Bruening founded and operated various start-ups,
including a leading games portal, a company for AR (augmented
reality) applications and, a consulting firm for worldwide digital
transformation. Michael is a member and consultant in various
German think-tanks on digitization and new management methods. In
recent years he has increased his involvement in the tourism sector
and, now advises three tourism companies in the field of marketing,
both as a board advisor and consultant, respectively. After
studying German Literature, Journalism and History in Goettingen
and Bremen, he began his career as a journalist for German daily
newspapers before moving early to the marketing world and,
self-employment, founding Creativ Team. The Company is pleased to
announce it has granted to Mr. Bruening, a marketing consultant of
the Company, options exercisable to purchase up to 200,000 common
shares of the Company at an exercise price of $0.08 per share for a
period of Five (5) years.
Mr. Marshall, CUV Ventures CEO commented: "We
are pleased that a senior marketing executive of
Mr Bruening's caliber has decided to join our team as a
senior advisor to the board. Revenue growth from CUV’s fast growing
global divisions is of prime importance as we expand our footprint
in Europe, North and South America and, beyond.
Mr Bruening will prove invaluable to the Company in assisting
many of our operations with global marketing for the; RevoluPAY®,
RevoluFIN, RevoluVIP and RevoluCHARGE family of revenue divisions,
marketing strategies and securing key market penetration, as we
continually expand our Revolu divisions. Mr Bruening can
provide immediate assistance to RevoluPAY® Europe and, the
multi-billion Euro cross boarder remittance markets in the EU.
Michael joined Alfredo Manresa, Ahmed Rodriguez and, myself, in
Barcelona, in late August to commence the marketing strategy and,
his immediate integration into our team.”
RevoluPAY® Update
On August 31st, the RevoluPAY® Android app
concluded one month of live, real-time testing, which included;
worldwide app deposits (cash-in), 3 consecutive software updates
and, hundreds of successful wallet-to-wallet transactions. The
company is elated with the current iteration of the app and, has
begun the submission process to the Apple IOS platform, which it
expects to be approved and live by 31st September. On the 23rd of
September, a one week live test will begin for bank cash-out
(disbursement) across all 28 member states in the European Union:
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic,
Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy,
Ireland, Latvia, Lithuania, Luxembourg, Malta, the Netherlands,
Poland, Portugal, Romania, Spain, Slovakia, Slovenia, Sweden and,
the United Kingdom. The Company is especially interested in the
immediate Pan-European remittance markets, in which, migrants
working in richer European nations send money home to countries
such as: Czech Republic, Greece, Latvia, Lithuania, Poland,
Portugal, Romania, Slovakia and, Slovenia.
Upon completion of the aforementioned European
live trial and, successful commencement of disbursements, the
Company will switch its attention to disbursements in; South and
Central America and, the Caribbean as per the news release dated
June 29th 2018. The cited negotiations are proceeding extremely
favorably, with internal launch timing fully on schedule.
Further upcoming developments will include;
Non-European country licensees, worldwide cash-out collection
points, home remittance deliveries, App linked prepaid Visa
(RevoluCARD), NFC powered ATM withdrawals, in addition to more
banking partner cash-out (disbursement) alliances. Further, the
Company expects to have RevoluPAY® live as a payment mechanism
across all of its proprietary websites by October 30th, which
should provide an important stream of fresh adopters and, the
initiation of the organic user base the Company seeks.
RevoluFIN Update
Panamanian authorities have advised the
Company’s local attorney that full mercantile registry approval of
RevoluFIN Inc., a wholly owned subsidiary of the Company, will
occur this week. The Company wishes to apologize to shareholders
for the delayed approval of the Company, which was affected by the
summer holiday period in Panama and, registry bureaucracy. The
Company intends to locate RevoluFIN commercial activities in the
Cuidad del Saber (City of Knowledge) which is especially suited to
technology and finance companies. RevoluFIN has received and
studied numerous financing requests, which will be immediately
approved in the very near future.
RevoluVIP Update
Company CEO, Steve Marshall, visited Spain in
late August to finalize the rollout of RevoluVIP. Travelucion CTO,
Ahmed Rodriguez, along with long time advisor to the wholly owned
subsidiary, Mr. Orlando Martinez, finalized imminent launch plans.
The GDS system is currently in testing phase with numerous
suppliers on-boarding concluded. Shareholders are offered a sneak
peak of the development websites at
Travel Network Pre-Beta http://dev.americavip.com/dev/
Travel Club Pre-Beta http://revoluvip.club/devclub/
RevoluVIP utilizes cutting edge Constellation
Software subsidiary, Juniper, GDS XML technology, the newly
obtained IATA and Amadeus licenses and, the proven know-how and
team at Travelucion, to expand sales into over 130 new
countries/markets, optimistically increasing Travelucion’s current
single test destination audited annual revenue of 2.5 million
dollars by potentially significant multiples. See - RevoluVIP
Presentation
RevoluCHARGE Update
On August 27th 2018, the Company entered into an
agreement with long time advisor Daniel Hernandez Rodriguez for the
complete turn-key delivery of a functioning system for RevoluCHARGE
by 1st November 2018. Mr Hernandez and Mr. Marshall met in Europe
to finalize the agreement. RevoluCHARGE is a system that will allow
RevoluPAY® users to seamlessly send mobile, data and call, top-up
credits to family and friends in 248 countries and territories. Mr.
Hernandez began preliminary work on the project in June 2018 and,
already, the two best suppliers have been signed, allowing price
polling between CY Talk and Ding, both global leaders in the
sector. Mobile top-ups are a multi-billion dollar industry in
developing nations and, specifically, in those nations whose annual
cash remittances are high. As such, RevoluCHARGE is a complimentary
add-on business to RevoluPAY®, making it more convenient for
RevoluPAY® users to both send money and, additionally, send mobile
top-ups to their family and friends back home.
CEO message to shareholders
As should now be apparent, the Company, its
management and advisors have worked tirelessly throughout the
summer. Many important milestones have been achieved and, I hope,
after reading this news release, shareholders are able to fully
appreciate the length and breadth of our achievements over the past
two months. The coming months will see the gradual introduction of
many of the Company’s new revenue generating divisions, all of
which required, as a central prerequisite, the RevoluPAY® app. The
Company has strategically utilized separate teams to autonomously
bring each division forward, thus, corporate bottlenecks, often
common in the asynchronous nature of major rollouts, have been
largely mitigated. Due to this strategy, these new divisions should
come on stream collectively or, with little to no downtime.
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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