CUV Ventures Corp. (TSX-V:
CUV) (the “Company”) is pleased
to provide shareholders with a concise explanation and, new
presentation, for the upcoming vertical named RevolUTILITY and, the
contractually agreed services this vertical will offer during its
worldwide launch. The Company’s future plans concerning this
additional retail vertical were announced on June 06, 2018. Advisor
Daniel Hernandez and, software contractor Bonsoft, both of whom
previously assisted with the prior released RevoluCHARGE vertical
will, once again, spearhead the launch of RevolUTILITY, for its
planned public debut during the month of June 2019.
RevolUTILITY Presentation
About RevolUTILITY
Originally conceived to offer distance payments
of utility bills around the world, RevolUTILITY will commence with
utility bill payments in select cities, for: Gas, Water and,
Electricity in; Philippines, Russia and, the Ukraine. The Company
will continue to add other countries for utility bill payments over
time. However, RevolUTILITY will also allow instantaneous payments
of the following supplementary services in, initially, +40
countries at launch, these include: Online Music, Online Gaming
Credits, Gift Cards, Software, Mobile Apps, Sports Betting, Public
Transport, etc. Shareholders are requested to refer to the
extensive list of countries and, services, visible on the public
RevolUTILITY presentation, pages 6-9, for which the Company already
holds a contractual agreement to sell the said services. Users of
RevolUTILITY will be able to acquire prepaid services or, credits,
in select countries, from companies such as: Amazon, Spotify,
Deezer, Pandora Music, Bwin, PokerStars, William Hill, Green Man
Gaming, Netflix, Nintendo e-Shop, PaddyPower, PlayStation, Xbox,
Skype, Zalando, etc. As with all of the Company’s currently active
verticals, users may only interact financially with RevolUTILITY
through the Company’s proprietary payment app, RevoluPAY.
Update on Previous Verticals and Successful
Launches
As shareholders have previously been informed,
the Company launched both RevoluCHARGE on November 5th 2018 and,
RevoluVIP, on March 22nd 2019. These two verticals realized their
first public retail sales on, November 7th 2018 and, March 22nd
2019 respectively and, have continued to generate revenue since the
above dates. The immediacy within which these platforms began
generating revenue is testament to both the markets desires for
alternatives and, the tremendous work carried out by the CUV
in-house tech team and, external software engineers.
About RevoluPAY®
The Company’s flagship technology is RevoluPAY®,
the Apple and Android multinational payment app. Built entirely
in-house, RevoluPAY features proprietary, sector specific,
technology of which, the resulting source code is the property of
the Company. RevoluPAY’s built-in features include: Leisure
payments, travel payments, retail and hospitality payments,
remittance payments, real estate payments, pay-as-you-go phone
top-ups, Utility Bill payments, etc. RevoluPAY is powered by
blockchain protocols, and, is squarely aimed at the worldwide
multi-billion dollar leisure sector and, + $595 billion family
remittance market. RevoluPAY® is operated by the European wholly
owned subsidiary RevoluPAY S.L located in Barcelona. RevoluPAY S.L
operates under European E-money - Directive 2009/110/EC through a
licensed electronic money institution or EDE Banking Licensed
entity.
RevoluPAY Presentation
RevoluVIP Technical and Programming Updates
As explained to shareholders in the April 9th
2019 news release, RevoluVIP will incorporate a gradual launch. As
such, over the past 2 days, the following enhancements have been
introduced.
Specific Airline Searches
Secondary Comparison Filter of the above
defining: Flight Time, Stop-Overs, Price Estimate
The Company will continue to update RevoluVIP
and, once a homogenous assortment of worldwide services are
available, it will begin extensive marketing of the platform.
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 134,115,000
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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