CUV Ventures Corp. (TSX-V:
CUV) (the “Company”) is pleased
to inform shareholders that the much anticipated RevoluVIP
worldwide travel club has today been officially launched. The
Company would like to thank those individuals who joined RevoluVIP
as paid-up members during its beta testing phase and who assisted
in publishing price comparisons and general comments that were very
valuable to our CTO, Ahmed Rodriguez, and his team. Shareholders
are invited to view some of the third-party beta tester comments
here.
RevoluVIP PresentationTravel Club WebsiteRevoluVIP Booking
Website
About RevoluVIP
Drawing upon the expertise of our wholly owned,
licensed, and bonded Travel division, Travelucion, and a previous
2017 trial consisting of just one country destination, which
generated an audited CA $2.5 million annual revenue, the Company
pursued all licensing and accreditations required to compete on a
worldwide scale with the world’s largest travel retailers. Having
secured accreditation with Amadeus, IATA and one of the world’s
most prominent suppliers of XML travel software technology,
Constellation Software subsidiary Juniper, the Company embarked
upon an ambitious project, now over 1 year ago, to create a
groundbreaking, exclusive members-only travel club that provides
Diamond members with close to net rates on worldwide travel
services. Club Membership is annual and allows three levels of
affiliation, known as Diamond, Gold and Silver, offering
increasing levels of discounts across the board. A fourth free and
upgradeable membership provides up to a 5% discount. The antiquated
travel industry relies upon GDS (Global Distribution System)
wholesale suppliers, who provide data connections to certified
retail vendors who, in turn, add a varied, sometimes up to 60%
mark-up onto GDS derived wholesale pricing. The most recognized
worldwide travel retailers merely connect to the same generic
travel offers and repackage these offers with a previously mandated
markup. RevoluVIP now allows club members to experience close to
wholesale rates through exclusive membership levels, the pinnacle
being Diamond at $249 USD annually, which offers close to net
travel rates. Numerous external beta testers were able to recoup
said membership fee on a single hotel booking.
Gradual Launch of RevoluVIP
RevoluVIP will incorporate a gradual launch, due
to the sheer volume of worldwide travel offers and the monumental
task this represents. From today, members are able to reserve
worldwide hotels and certain major airlines. Over the coming days
and weeks, all of the remaining world’s airlines, however large or
small, will be gradually added to the platform. Furthermore, within
10 days, all major car rental companies will be available to
members. This will be followed closely by worldwide cruise options,
within 14-20 days. Finally, ancillary services such as airport
transfer services and tours and excursions, within 30 days. The
Company already possesses certified technological access to all of
the aforementioned services, however, the incorporation into a
retail environment, namely the web publishing of the offers,
requires further in-house IT involvement. The Company will continue
to rely upon live beta testing as increased services are aggregated
to the platform. In the end, RevoluVIP travel offers will be
indistinguishable from the those offered today by the world’s
largest travel retailers, with the only difference being a member
pricing disparity unseen in the current, almost trillion-dollar
travel industry.
Projected Revenue Streams
RevoluVIP now generates three distinct revenue streams for CUV
Ventures.
First and foremost, membership dues are payable
to the wholly owned subsidiary RevoluVIP International Inc
(Canada), through the company’s self-sourced merchant services, via
its duly banking licensed subsidiary RevoluPAY S.L. The Company’s
target is 1 million RevoluVIP Diamond members by year's end, and it
will draw upon over a decade of past division derived travelers and
promote heavily in Asia and North America to achieve satisfactory
member uptake.
Secondly, the travel services themselves,
relating to paid bookings, are realized via a closed-loop financial
system employing the Company’s RevoluPAY®, the Apple and Android
multinational payment app, for any and all payments realized by
members. Consequently, all booking related revenue runs through the
Company’s subsidiary RevoluPAY, a banking licensed proprietary
payment app.
Thirdly and finally, all outgoing retail travel
sales are handled by the Company’s licensed and bonded travel
company, Travelucion. Therefore, resulting worldwide travel revenue
will be attributed to this subsidiary in its entirety. The
worldwide Club booking revenue, generated from a potentially large
proprietary Club member base, could be rather significant.
The above triple-flow, closed-loop system has little to no
reliance on external parties and, as such, ensures a greater
integrity to the overall platform and, above all, member data.
Worldwide Web Exposure
The Company will further revolutionize, reverse,
and disrupt the current trends in the travel industry,
transitioning away from the current outdated generic brand
consolidation and towards a more logical format of destination
focused offers. In order to achieve this goal, the Company controls
over 130 destination focused websites known as the VIP Collection.
To the Company’s knowledge, no other travel retailer provides
consumers with country focused destination offers on a country
specific website. Starting from page 15 of the VIP Presentation,
shareholders can establish the country specific rollout sequence
and unique country websites, which will form the integral marketing
prowess of RevoluVIP on a global scale. First up, as displayed on
the chronology, will be the following websites:
First tranche to be launched before April 30th, 2019:
- United States - www.AmericaVIP.com
- Canada - www.CanadaVIP.com
- California - www.California-VIP.com
- Florida - www.Florida-VIP.com
- Alaska - www.Alaska-VIP.com
- Hawaii - www.HawaiiVIP.com
- USA - www.USA-VIP.com
To visualize all subsequent websites to be
released click here and visit page 15 onwards.
The current beta legacy content on these 130+
country websites will be progressively replaced with a fresh, fast
and, above all, comprehensive array of travel offers specific to
the represented nation, as yet unseen in today’s online travel
industry. This massive web exposure promises to provoke a
far-and-wide internet search outcome, increasing the probability of
a VIP website appearing organically in logical country travel
searches.
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 134,523,337 shares issued and
outstanding.
CUV VENTURES CORP.
“Steve Marshall” ______________________STEVE
MARSHALLCEO
For further information contact:Don MosherCUV
Ventures Corp.Telephone: (604) 685-6465Toll 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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