Good afternoon,
I wanted to provide a quick update on Cuba Ventures Corp (previously MPH Ventures) as it will be trading
Monday morning under the new symbol CUV on the TSX Venture. The Change of Business and acquisition of Steve Marshall’s company Travelucion Media is now complete. Travelucion, now a wholly owned sub of Cuba Ventures, is a profitable online travel and digital media company servicing visitors to Cuba. This deal is one of the only publicly traded companies in North America with direct exposure to Cuba and the timing is ideal with Obama being in Cuba early next week. He is the first sitting US president to be in the country since 1928.
A summary of the current business is below as well as some recent media articles, and I have attached the new corporate deck. There are a lot of eyes on Cuba right now and investors are keen to find opportunities there. Steve will be in Vancouver next week and we would be happy to set up a meeting or call with you to discuss the deal and plans moving forward.
Thank you, and if you have any questions at all please don’t hesitate to get in touch.
Cuba Ventures Summary:
https://www.cnn.com/2016/03/15/politics/cuba-treasury-regulations-obama-visit/index.html https://money.cnn.com/2016/03/03/news/companies/airlines-flights-to-cuba/index.html - Travelucion, now a wholly owned sub in the public vehicle Cuba Ventures Corp (CUV.v), is a cash-flow positive online travel media company that specializes in travel marketing, electronic reservation and online booking solutions for international visitors to Cuba; sales have been growing rapidly with 150% growth between 2014 and 2015
- Operates like any other online travel booking company (Expedia, Priceline, etc.) in that it allows customers to book hotels, car rentals, tours, and anything else once you are on the island including rapidly growing specialty tourism sectors like ecotourism, medical tourism and private residences (AirBnB model)
- Travelucion's revenues have been rapidly increasing in the wake of the notable shift in American policy towards Cuba as diplomatic relations between the two nations normalize
- Other component of the business involves Travelucion owning 100% of 432 web assets popularizing Cuban Culture, Music, Celebrities, over sixty major tourist destinations, Golf, Banking and Commerce which collectively generate over 30 million page-views per year
- Steve Marshall is at the helm of the business and has many years of experience in Cuba and globally in online travel and marketing (he moved to Cuba after having successfully sold a digital marketing company he built in France to the German marketing company HLS)
- Steve spent over 11 years in Cuba specializing in Cuban joint ventures and successfully founded a number of companies including: Primeras Inversiones (Havana Free Zone), the first state approved real estate joint venture (CIMEX), the Dimension W-Tech Start-Up Joint Venture with the Ministry of Communications, and the first Cuba-centric online marketing company with the Ministry of Tourism
- He is knowledgeable concerning the idiosyncrasies of dealing with the Cuban Government and Cuba's foreign investment laws, and has received coverage in the Financial Times, BBC News, CNN, Time Magazine, Washington Post, Chicago Tribune, and The Wall Street Journal
- Ultimately we feel there will be an appetite for this kind of business both from the investment community but also from larger online travel companies like Expedia and Priceline; there is a unique window of opportunity in that there is little to no competition from American companies due to the trade embargo yet the travel restrictions on Americans going to Cuba are dissipating which is opening up a multi-billion dollar market for Americans travelling to Cuba
- Insider ownership of Cuba Ventures Corp is over 40%
Jordan Trimble, B.Sc., CFA 1610 – 777 Dunsmuir St. Vancouver, BC,
V7Y 1K4 Cell: 604-999-3148 Toll Free: 1-800-567-8181 Tel: 604-687-3376 Direct: 604-639-3856