CUV Ventures Corp. (TSX-V:
CUV
) (the “Company”) is pleased to announce
that, further to the news releases dated 15th April 2019, it has
signed a definitive agreement (“DA”) with PHILLGUS DE CENTROAMERICA
S.R.L. trading as EZPay Costa Rica, on August 27th 2019. The “DA”,
is signed by RevoluPAY S.L CEO, Alfredo Manresa and, Gustavo A.
Reyes, CEO of EZPay for RevoluPAY® e-Wallet family remittances and
cash advances for visiting tourists, to be collected at over 50
agencies controlled by EZPay http://phillgusca.com in Costa
Rica. The parties have agreed upon delivery commissions payable to
EZPay, independent of the amount sent, of $2 (two) USD per
individual beneficiary delivery into Costa Rican Territory. The
technical linking of mutual payments settlement systems and, the
mechanism for the instant delivery of worldwide remittances and,
tourism focused cash-advances in Costa Rica is now underway.
About EZPay
EZPay, headquartered in San Jose, Costa Rica,
currently provides logistical payment deliveries for many of the
world’s largest remittance companies. EZPay manages over 50
physical delivery bureaus across the length and, breadth of Costa
Rica, servicing: major cities, smaller towns and, villages.
Remittance and Tourism Data for Costa
Rica
Costa Rica is estimated to receive over $562
Million USD annually through international remittances. As a
secondary advantage to this new agreement, the company’s RevoluVIP
platform (page 17) now offers specific travel deals to Costa Rica
on the VIP country website therefore, the new agreement with EZPay
will allow visiting tourists easy access to local currency through
their RevoluPAY® app. It is estimated that 1.7 Million Tourists
visit Costa Rica each year from the United States and Canada,
generating approximately $1.7 billion US dollars.
South American Remittance Focused
Definitive Agreements
The Company’s legal team is currently finalizing
the conversion of previous remittance focused MOU’s and LOI’s into
Definitive Agreements (“DA”) with: Easy Pagos (Ecuador), Grupo
Eficacia (Guatemala, El Salvador, Nicaragua) RedCHAPINA (El
Salvador, Guatemala, Mexico) and, Interbank (Peru).
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
EZ Pay – http://phillgusca.com
Costa Rica Remittance
data – https://datosmacro.expansion.com/demografia/migracion/remesas/costa-rica
Costa Rica Travel
data – http://www.costarica-embassy.org/index.php?q=node/19
World Bank
Remittances – http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data
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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