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CUV Ventures Corp.

Exchange: TSXV Exchange | Jun 16, 2019, 1:43 PM EDT

CUV
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CUV Ventures Corp. RevoluPAY® Processes First Batch of Expedia and Booking Holdings VCC Cards, Top 40 World Bank Executive Visits RevoluPAY® Headquarters

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.

  • RevoluPAY® processes first 25,000 USD (app. 33.7k $CA) of VCC Cards in a single day.
  • RevoluPAY® to receive 3% net on Expedia and Booking Holding VCC Card Processing.
  • Top 40 World Bank Executive makes personal visit from North America to RevoluPAY® Headquarters in Barcelona.
  • RevoluPAY® completes Software Update to meet stringent Two-Factor ID Authentication required for Central Bank License.
  • CUV CEO meets with 5 separate major retail consortiums for RevoluPAY® app payment acceptance across: Uruguay, Colombia, Guatemala, El Salvador and, Mexico.
  • Major Restaurant Chain, Present in 11 countries, Expresses Interest in Accepting RevoluPAY®
  • CUV CEO and NUKONDO® CEO, Jorge Brugo, met to finalize details of RevoluPAY® real estate payment DA.
  • IT Team conclude incorporation of major GDS, Amadeus, into upcoming RevoluVIP Travel Platform.
  • RevoluVIP to begin allowing pre-launch sign up of first numbered Travel Club memberships.

VANCOUVER, British Columbia, Dec. 20, 2018 (GLOBE NEWSWIRE) -- 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 Marshall
CEO

For further information contact myself or:
Nick Findler
CUV Ventures Corp.
Telephone: 604-639-3850
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: 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

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