CUV Ventures Corp. (TSX-V:
CUV) (“the Company”) is pleased
to announce a corporate update.
- RevoluVIP Launches 16 Caribbean
Destinations
- Travelucion Signs Direct Cruise
Agreements
- RevoluPAY Launches Virtual Credit Cards on
Schedule
- PSD2 Security Certifications Abast and AWS
Submitted
RevoluVIP Launches 16 Caribbean
Destinations
The Company is pleased to announce a continued
accelerated pace of VIP website launches in August, as the in-house
tech team work intensively throughout summer. Consequently, the
following 16 Caribbean destination websites are now live: Aruba,
Bahamas, Barbados, Bermuda, British Virgin Islands, Caribbean,
Cayman Islands, Cuba, Dominican Republic, Guadeloupe, Jamaica,
Puerto Rico, Saint Lucia, Saint Martin, Turks and Caicos and
US Virgin Islands.
The upcoming emphasis is upon launching European
destinations, commencing immediately with: England, Scotland,
Ireland, Wales, Norway, Iceland, Estonia, Latvia, Sweden, Finland,
Denmark, UK and, the European Ski Resort portal AlpsVIP. The
Company expects these initial European destination websites to be
available worldwide within 8 days. In September, Travelucion will
commence comprehensive marketing of the RevoluVIP platform’s
current active destinations, through both select white label
partners and, directly through online advertising, immediately
after the launch of the group of Southern Europe websites. For
details on launch chronology, please see the RevoluVIP
Presentation.
Travelucion Signs Direct Cruise Agreements
On August 20th, the wholly owned Travel Licensed
subsidiary Travelucion signed a direct agreement with Royal
Caribbean, Celebrity Cruises and Azamara Club Cruises. Direct
agreements commonly provide even better net-rate terms than the
impressive GDS wholesale cruise rates soon to be available to
RevoluVIP Club Members. Additionally, as previously stated in the
news release dated 15th August 2019, the Company’s partner FIBOS
Cruises has concurrently provided direct connections to Oceania
Cruises, PULLMANTUR Cruises, REGENT Cruises. Further cruise lines
will be continually added over the coming weeks. The Company now
expects the cited Cruise lines to be active for booking across all
RevoluVIP websites on or before the 16th of September.
RevoluPAY Launches Virtual Credit
Cards
Further to the news release dated August 15th
2019, RevoluPAY launched its proprietary Personal Virtual Credit
Cards (VCC) on August 23rd 2019. The multi-use RevoluPAY VCCs are
available initially with a spending limit of up to 250 Euros
(approx. 370 CAD) and, unlimited VCCs can be generated for both
personal use or, friends and family worldwide. A virtual credit
card (VCC) is essentially a disposable version of a physical debit
or credit card that, when used for online purchases, can assist
unbanked citizens worldwide to purchase online or, international
consumers can generate a virtual card for specific online
transactions in order to protect their personal cards from online
theft. RevoluPAY Physical prepaid Visa Cards are the next in line
for launch and should be available mid-September.
PSD 2 License Petition
Update
The Company has now received and submitted the
conclusive Central Bank requested RevoluPAY real-time data and
hardware security analysis and software system compliance
certifications from Abast and Amazon Web Services AWS. Abast
certifies the ongoing us of Microsoft Dynamics Business Central for
the RevoluPAY multi-layer security environment, as mandated by the
Central Bank requirements for data security. Amazon Web Services
AWS professional hosting is recognized as a global leader in data
protection with multinational clients such as: banks, financial
institutions and governments. Both approved certifications
demonstrate RevoluPAY full compliance and have been submitted.
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, Worldwide Gift Cards, VCC Cards,
VCC Settlement, 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
Links Utilized in This News
Release
RevoluPAY VCC Cards -
https://www.revolupay.es/prepaid_virtual_card/request
World Bank Remittances -
http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data
AWS - https://aws.amazon.com/
ABAST - http://www.abast.es/
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 150,322,712 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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