CUV Ventures Corp. (TSX-V:
CUV) (“the Company”) is pleased
to provide a corporate update. Further to the communication between
the Central Bank, Hogan Lovells and, RevoluPAY S.L. CEO Alfredo
Manresa, as per the news release dated 21st June 2019, the Company
received a recommendation from the Central Bank to further increase
the paid-up share capital from the 15th February 2019 previously
approved 250,000 Euros increase, to 435,000 Euros (approx. CA$
645,000). Consequently, the Company’s board members unanimously
agreed on June 30th 2019 to fulfil this recommendation and,
immediately increase the paid-up share capital of the wholly owned
subsidiary RevoluPAY S.L. to the proposed amount. The Company plans
to fulfil this request during the week of 1st to 5th of July and,
submit the mercantile registry approved capital increase to the
Central Bank forthwith.
RevolUTILITY Launched on
Schedule
The Company is pleased to confirm that, as per
the news release dated 29th May 2019 the proprietary Vertical
RevolUTILITY was launched on schedule on June 28th 2019. Over the
weekend, between launch and the writing of this news release,
numerous consumer purchases have proceeded satisfactorily,
including: Amazon Gift Cards and, pre-paid Vouchers for Harvey’s
Canada, The Home Depot and Boston Pizza.
RevolUTILITY Presentation
RevoluVIP Travel Club New
Destinations
Shareholders were advised on June 21st 2019 that
several new country websites would be launched within the coming
days. As a result, the in-house IT team were able to successfully
launch: Mexico, Panama, Nicaragua, Guatemala, Cancun, Argentina,
Venezuela and Brazil before the issuance of today’s news release.
Management have been further advised that upcoming destination in
the coming days includes Chile. The Company intends to continue
this brisk pace, to roll-out other country destination websites as
rapidly as is technically possible.
RevoluVIP Presentation
RevoluREALTY Development
Commences
As per the news release dated 20th February 2019
concerning the upcoming Real Estate payments vertical, the Company
has entered into an agreement with a Canadian corporation
controlled by specialist programmer Mr. Erik Lindquist on June 26th
2019 for the complete development of RevoluREALTY Real Estate
payments platform. The 4-phase agreement includes a phase 1 launch
with property listings in numerous Canadian provinces and, various
States within the United States. The Company expects RevoluREALTY
Phase 1 to be completed by August 15th 2019.
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.
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 144,933,000 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.
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