VANCOUVER, British Columbia, Aug. 14, 2017 (GLOBE NEWSWIRE) — Cuba Ventures
Corp. (TSX-V:CUV) (OTCBB:MPSFF) (the «Company») Travel Division is pleased to
announce that it has entered into a memorandum of understanding («MOU») with
Booketea for bilateral GDS integration into all 432 of the Cuba Ventures
propriety Cuba-Centric websites for a payment of $25,000 euros. Booketea is
Europe’s leading travel industry specialist, having provided similar GDS
booking Technology for Segway Trip Inc, Fred Olsen Ferries, and Spa wellplus.
Simultaneously, an MOU was signed with Enjoysea.com, a worldwide nautical
activity marketer. This MOU includes worldwide distribution of Cuba’s enormous
array of water sport activities, catamaran cruises, diving, jet ski and other
nautical activities contracted through Travelucion, a wholly owned subsidiary
of Cuba Ventures Corp. The Company expects increased revenues from its travel
division as a result of these upcoming synergies.
Consulting & Fintech Divisions
Cuba Ventures welcomes two new advisors, Steven Geiger and Patrick Murphy to
assist with projects related to the Al-Fahim Fintech venture and other
commercial avenues to be established.
The Company owns possibly the world’s largest network of Cuba digital media
assets, 432 Cuba-centric websites generating approximately 35 million visitors
annually, and selling Cuba travel services from multiple associate sources.
The Global Distribution System (GDS) is a worldwide travel distribution
network operated by, amongst others, Amadeus, Sabre and Travelport. Most
travel offers displayed on famous retail travel websites are in fact derived
from the GDS, then displayed as proprietary offers by travel marketers
worldwide. With the proposed partnership with Booketea, the Company will
create a bilateral channel to the GDS, allowing worldwide sales on third party
websites of services originating from ourselves, while likewise displaying
offers from third parties under a commissionable structure on the Company’s
propriety websites. This is an important step, especially for the nascent U.S.
market, where over 90% of travel offers displayed on travel websites are
derived from a GDS related source. Being a GDS supplier and seller aligns the
Company with the two major U.S. travel giants, allowing its Cuba Travel offers
to be transparently distributed by these when it is legal, under U.S. law, for
them to do so.
EnjoySea has grasped a worldwide distribution niche market. The nautical
activities associated with many vacations having, until now, been marketed
directly at destination. This untapped market for pre-bookings of such offers
to future visitors offers an increased revenue stream. Cuban nautical
activities, proposed worldwide, could be immensely successful, especially
considering the record numbers of visitors now making Cuba their next
New Advisors Added to the Team in Preparation for the Planned Al-Fahim Fintech
Steven Geiger is a recognized global energy expert who has led multiple
large-scale energy investment programs in emerging economies. Most recently he
served as Chief Operating Officer for Skolkovo, the $5 billion Russian
national technology & economic transformation agency tasked with innovating
Soviet-era energy systems. Earlier, he was a Director of MASDAR, a $15 billion
renewable energy company owned by Abu Dhabi government and one of the world’s
largest renewable energy companies.
«I’m excited to advise Cuba Ventures Corp. as it expands into Cuban energy
projects, especially renewable energy,» Geiger said. «The Soviet-era Cuban
energy and power systems offer unprecedented investment opportunities, and two
decades of transforming similar assets give Cuba Ventures Corp. a key
advantage in identifying and executing the most attractive projects,» Geiger
Steve Marshall, CEO of Cuba Ventures Corp. added: «Mr. Geiger and I go back
almost two decades. I am thrilled he has accepted my invitation to join our
Advisory Board. Large scale renewable energy deployments in Cuba are imminent.
Subsidized Venezuelan oil is disappearing; meanwhile renewables are already
cheaper than existing oil-fired power stations. Cuba’s vital hard-currency
earning sectors, like tourism in particular, need reliable and affordable
power. Additionally, clean renewable power can only further strengthen Cuba’s
attractiveness as a top tourism destination.»
W Patrick Murphy was Secretary of the largest real estate political action
committee in the United States named Cen-Pac to protect Worldwide Intellectual
Property. Mr. Murphy served on the Senior Management of Century 21 Real
Estate Corporation developing niche market expertise to increase franchise
sales by $22 million in one year. Mr. Murphy has thirty-nine years of broad
based experience in entrepreneurial and corporate roles from start-ups to
management of seasoned domestic and international organizations. Familiar with
all phases of real estate franchise branding, real estate development and
specialized travel development. W Patrick Murphy developed the largest real
estate franchise network in the Caribbean Basin, Venezuela, Colombia and
Central America with 45 offices, 500 agents in 23 countries or protectorates.
BA Morningside College, MA University of South Dakota, Securities Licenses
Series 39, 63, 22, GRI, CIPS, CCIM.
Mr. Murphy stated, «With hotel chains from the United States now operating
numerous properties in Cuba, interest from other groups is at fever pitch.
Cuba Ventures Corp., through its travel division, has identified numerous
properties for its consulting division to analyze. Increased joint ventures
opportunities with U.S. or worldwide hotel chains seem probable.»
Cuba Ventures CEO, Steve Marshall, commented, «I have followed Patrick’s
prolific career for almost two decades. I am excited to have him join Alfredo
Manresa and our Consulting Division, just as surmounting interest in Cuban
resort and Hotel property management by International Hotel chains is getting
into full swing.»
Cuba Ventures Acquires CubaFinTech.com Domain Name
Cuba Ventures Corp has acquired, on the secondary domain name
market, www.CubaFinTech.com which it intends to develop in line with the
proposed DA concerning a Fintech definitive agreement with Al-Fahim
About Cuba Ventures Corp.:
Cuba Ventures Corp. is a publicly traded Canadian company capitalizing on the
growth and unique opportunities in the USD $3.5 billion per year Cuban travel
and tourism industry. Travelucion, a wholly owned subsidiary, is a digital
media and marketing company which owns a vast portfolio of Cuba related
websites and online portals providing Cuba travel information in up to six
languages, featuring individual web assets for Cuba’s popular cities and
towns, online booking solutions and online reservations through proprietary
software, catering to international visitors to Cuba.
For further information on Cuba Ventures Corp. (TSX-V: CUV) or Travelucion,
visit the Company’s website at www.cubaventures.com or www.travelucion.com.
The Company has 73,012,487 shares issued and outstanding.
CUBA VENTURES CORP.