CUV Ventures Corp. (TSX-V:
CUV) (“the Company”) is pleased
to announce an update.
- RevoluPAY® e-Wallet Linked Physical Prepaid Visa
Launch
- Top 40 World Bank Reschedules Compliance
Visit
- Top 40 World Bank System Integration Reaching
Conclusion
- RevoluVIP Launches 22 New Country
Websites
- RevoluVIP Customer Service Call Center Deployed On 4
Continents
- RevoluFIN Update
RevoluPAY® e-Wallet Linked Prepaid Visa
Card Launch
The company has been advised that the software
incorporation into the RevoluPAY app of the e-Wallet linked
proprietary physical Visa Card has been completed. Live transaction
testing commenced on the 24th Sept 2019 and, will continue for
several days prior to the planned definitive launch at the end of
September. The RevoluPAY® physical international visa card hopes to
facilitate worldwide utilization of RevoluPAY, permitting
withdrawals from any ATM that accepts Visa worldwide, allied to POS
payment at any location that accepts Visa. This functionality will
give RevoluPAY® app users an added layer of global financial
autonomy, in those locations where NFC enabled POS devices and
ATMs, for which the RevoluPAY app is already enabled, are not yet
operational or, in jurisdictions where RevoluPAY does not yet
possess a local cash-out partner. The physical RevoluPAY branded
Visa Cards will therefore be shipped to users worldwide in early
October 2019.
Top 40 World Bank Reschedules Compliance
Visit
Shareholders were advised on July 26th 2019 that
the Company had received a written confirmation from the said bank
concerning a final compliance visit to RevoluPAY headquarters that
was to ostensibly take place during the final week of September.
The company has recently received a written communication from the
international bank advising that the compliance visit has now been
rescheduled until the third week of October 2019, with the newly
rescheduled visit to occur between the 14th and 18th of October. On
June 29th, 2018 shareholders were informed that RevoluPAY S.L. had
signed an NDA with Top 40 World Banking Institution for remittance
disbursements. The said bank operates extensively in 16
Central/South American Countries and, the Caribbean. After signing
the NDA, on the 17th December 2018, an executive from the
International Bank subsequently made a personal visit to the
RevoluPAY headquarters in Barcelona. Should the final compliance
visit result positive, the outcome would engender the final signing
of the bilateral agreement between the International Bank and,
RevoluPAY S.L., for the immediate commencement of Remittance Flows
through the RevoluPAY App to all of the aforementioned 16
countries.
Top 40 World Bank System Integration Reaching
Conclusion
In May 2019, RevoluPAY IT Professionals began
preemptively working conjointly with the technical specifications
provided by the Bank to complete the integration of the Top 40
World Banking Institution’s systems into RevoluPAY, in advance.
These advance preparations have resulted in RevoluPAY now being in
the final stages of homologation for the direct financial link-up
to the Banks systems, in anticipation of a favorable compliance
visit and, signing of the final definitive agreement, of which CUV
management has had a copy for many months. The goal of the
proactive 5 months of preparations has been to procure an immediate
commencement of operations should the final accord be signed with
the Top 40 World Bank.
RevoluVIP Launches 22 New
Destinations
Further to the news release dated September 9th
2019, the company is pleased to announce the successful launch of
the following 22 RevoluVIP destination websites:
Portugal, Spain, Italy, Greece, Monaco,
Montenegro, Africa, Senegal, Cape Verde, Kenya, Kilimanjaro, Kruger
Park, Madagascar, Mauritius, Morocco, Serengeti, South Africa,
Tanzania, Tunisia, Zimbabwe, Zanzibar.
All active RevoluVIP country and destination
websites are now featured on each website in the form of an
almanac, to promote cross-use of destinations: Example:
https://canadavip.com/pages/info/sites
Travelucion has now initiated marketing of the
RevoluVIP platform’s current active world destinations. The company
has deployed a two-prong approach: Firstly, a white label partner
agreement has been drafted and sent to several previously
interested parties for approval. Secondly, online promotion
directly via digital and social media online advertising. For
details on the RevoluVIP final destinations launch chronology,
please see the RevoluVIP Presentation.
RevoluVIP Customer Service Call Center Deployed On 4
Continents
The company is pleased to inform that it has
deployed, on all of the RevoluVIP country and destination websites
homepage footers, a 4 continent Customer Service Call Center.
Currently RevoluVIP offers customer service phone numbers in:
United States, Canada, Mexico, UK and Canary Islands
(Africa/Spain), in addition to email support. The company will now
deploy its agent chat system across each website, to allow LiveChat
from within the webpage environment. The chat system will allow
RevoluVIP customer service agents to provide Club Members with:
real-time booking assistance, page links to specific offers and,
direct booking support through live-linked clickable agent
generated proposals.
RevoluFIN Update
Further to the news release dated 29th April
2019, which disclosed a planned equity divestment by Vesilen
Investment in CUV Ventures, in favor of a sole focus on behalf of
Vesilen Investment in the company’s RevoluFIN lending platform.
Shareholders are aware that Vesilen Investment is in the final
stages of divesting thus, both parties expect to issue shareholders
with news soon, concerning the attainments of the RevoluFIN lending
platform, as per the 8th March 2018 news release.
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.
RevoluPAY Presentation
Links utilized in this news
release
Example VIP Network Online Almanac -
https://canadavip.com/pages/info/sites
World Bank remittance Date -
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 150,382,712 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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