CUV Ventures Corp. (TSX-V:
CUV
) (the “Company”) Vancouver, BC – (the
“Company”) is pleased to announce that it has successfully
negotiated and signed a lease agreement, with a company associated
with an insider, for the “VIP Collection”, a collection of 182
domain names, active websites, legacy internet traffic and, good
will. This unique collection of domain names and websites, which
have been active, on average, for over 15 years, should ensure the
RevoluVIP Travel Club immediate market penetration, through
well-known web properties.
About the VIP Collection
The VIP Collection is a unique set of worldwide
domain name properties, some online for almost two decades,
featuring 106 countries, 27 specific high traffic tourist
destinations and, 7 generic travel websites. It further
incorporates 42 similar-match domain names to protect the
collections integrity against competitive registrations. With
notable names, such as; AmericaVIP.com, HawaiiVIP.com,
CanadaVIP.com, the company feels that the expansive world-focused
impact of the RevoluVIP Travel Club could prove a significant
revenue boost for company’s wholly owned travel subsidiary,
Travelucion. The company reminds shareholders that in 2017 it
completed a 1 destination feasibility trial, in preparation of
RevoluVIP, which generated an audited $2.5 Million in revenue. With
these new websites and, increased destinations; IATA, Amadeus,
Juniper, allied to cutting edge XML technology, the company will
expand globally to over 130 new destinations and markets. The
company is unaware of any comparable worldwide online retail travel
network of the proposed size and notoriety. Shareholders may view
the entire VIP Collection on pages 15 to 30 of the VIP
Presentation. Imminently, the company will begin selling travel;
to, from and at, all the cited destinations, as per the rollout
chronology featured on the presentation.
The Lease Agreement
Under the terms of the agreement, the Company
shall pay USD $101,340 annually for a 24 month lease term, which
may be extended an additional 3 years subject to an increase in
price by 5% annually. The company has chosen initially to lease the
domain names, with a view to acquiring the domains in the future
and, after accurate revenue numbers have been established. This is
a non-arms-length transaction associated with certain insiders and,
as such, is subject to Exchange approval.
RevoluVIP Travel Club
The wholly owned RevoluVIP International Inc.
Travel Club, domiciled in Vancouver, Canada, will allow members to
obtain a myriad of discounts and loyalty benefits and, also acquire
worldwide travel services at reduced costs, depending on the
membership affiliation level. Travel sales are provided and
guaranteed by the duly licensed and bonded, IATA and Amadeus
certified and, GDS affiliated, wholly owned subsidiary Travelucion.
All sales on the network incorporate securitized compulsory payment
via the company’s proprietary RevoluPAY payment app, a duly banking
licensed e-wallet, created and owned by CUV Ventures subsidiary,
RevoluPAY S.L., in Barcelona, Spain. As such, the system is a
closed loop mechanism featuring wholly owned subsidiaries of CUV
Ventures as sole system operators and service retailers.
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.
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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CUV Ventures (TSXV:CUV)
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