The company wishes to provide an end of year
recap of current and, forthcoming events, related to its ongoing
activities, subsidiary divisions and, upcoming strategies. We would
also like to take this opportunity to wish all shareholders a Merry
Christmas and, a Happy and Prosperous 2019.
CUV Ventures Corp. (TSX-V:
CUV
) (the “Company”) Vancouver, BC – (the
“Company”) is pleased to announce that the wholly owned subsidiary,
RevoluPAY® S.L. began processing a small first batch trial of
Expedia and Booking Holdings VCC cards on Tuesday 18th December,
totaling 25,000 USD (33.7k $CA), with a single first day unaudited
processing revenue of 3% or, 750 USD (approx. 1011 $CA). The
company is pleased with the initial uptake of this new RevoluPAY®
revenue stream and, expects daily volumes to increase
exponentially, once the VCC clearance mechanism is deployed to
B&B and small hotel owners worldwide.
Top 40 World Bank Executive Visits
RevoluPAY® Headquarters
On the 17th December 2018, Alfredo Manresa, CEO
of the wholly owned subsidiary RevoluPAY® S.L and, other key
management at the Barcelona headquarters of the subsidiary, had the
immense honor to receive a personal visit from an executive of the
Top 40 World Bank, with which the company is currently concluding
negotiations for the eventual bilateral deployment for cash
collection (disbursements) of RevoluPAY® remittances in 16
South/Central American and, Caribbean countries. The all-day
meeting concluded favorably with, many upcoming technical and
contractual milestones discussed. The parties also conferred
further synergies for the upcoming RevolUTILITY platform, in which
the bank expressed keen interest for additional possible
collaborations.
Central Bank Two-Factor
Authentication
The company is pleased to announce that it has
successfully complied with the RevoluPAY® security enhancements
imposed by the Central Bank, with whom the RevoluPAY® License is
currently pending its 90-day statutory approval period. Central
Bank requisites include two-factor authentication to secure digital
bank accounts. Depending on the mobile device used, this could
include: Fingerprint, biometrics, passwords, received SMS codes or,
a combination of all 4, in order to secure a user’s RevoluPAY® app
account. These latest enhancements of RevoluPAY® render the app
Central Bank compliant and, will be rolled out next week, in a
future app upgrade on Apple iOS and Android.
RevoluPAY® Retail
Integration
CEO, Steve Marshall, has carried out 5 separate
meetings with executives of large national retailers located in:
Uruguay, Guatemala, El Salvador Colombia and, Mexico. As
shareholders have been advised, it is the intent of the company
that RevoluPAY® app users benefit from a multi-use scenario when
using the app. On one hand, simple remittance cash collection for a
minimal fee and, on the other hand, the ability to be able to
transact directly using RevoluPAY® in select retail stores,
supermarkets and, businesses, with no fee, essentially 1:1 currency
wallet balance value in collaborating retail stores. Retailers will
be allowed to permit direct payment with RevoluPAY®, with B2B
processing fees that are lower than those offered currently by
other payment systems or, Visa/Mastercard fees, in their respective
countries.
Major Restaurant Chain Expresses Interest in Accepting
RevoluPAY®
Subsequent to numerous meetings, company
Advisor, Emilio Morales, is currently negotiating with a major
international restaurant chain, with +800 restaurants in 11
countries and 280 cities in Europe and, the Americas. (Spain,
Italy, Portugal, United States, Mexico, Guatemala, Costa Rica,
Dominican Republic, Paraguay, Chile, and Colombia) for the usage
and, eventual payment, using RevoluPAY® in all international
restaurant establishments of the group. The parties are discussing
an initial Letter of Intent (“LOI”), which would include a pilot
trial in Florida, USA. Shareholders will be informed as to whether
the said negotiations conclude as planned.
Amadeus Successfully Incorporated into
RevoluVIP
The company is elated to announce that Amadeus,
the largest GDS linked to the upcoming RevoluVIP platform, has been
successfully incorporated into the XML powered, discount focused
travel platform, currently being rolled-out in conjunction with
Constellation Software Inc. subsidiary Juniper. The worldwide
wholesale offers from Amadeus are considered a major component of
trip offers on travel retail platforms.
RevoluVIP Pre-Memberships to
Commence
RevoluVIP International Inc., the Vancouver
domiciled, wholly owned subsidiary of CUV Ventures Corp, is pleased
to announce that it will begin selling pre-launch, numbered
memberships to the RevoluVIP Club as early as next week. RevoluVIP
has received many requests from future members, desirous to be
amongst the first numbered membership holders of the Club. Further,
the company will allow the initial members to participate in the
live trials of the system, set to commence this month. RevoluVIP
Presentation
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, Mobile phone top-ups, Invoice factoring,
Blockchain Systems, and Fintech app 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 125,490,000 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.
Email: info@cuvventures.com Telephone: (604)
687-3376 Facsimile: (604) 687-3119
CUV Ventures (TSXV:CUV)
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