VANCOUVER, British Columbia, Sept. 20, 2016 (GLOBE NEWSWIRE) -- Cuba Ventures Corp. (TSX-V:CUV)
(OTCBB:MPSFF) (Frankfurt:IJA2) (the “Company”) is pleased to announce that Tim Fernback MBA, CPA, CMA, has agreed to join the
Company’s Board of Directors. He has held senior executive and director positions with several public companies and has many years
of experience working with high growth technology businesses.
Tim Fernback has over twenty years of experience financing both private and public micro-capitalization
companies in Canada. Mr. Fernback ran the technology consulting practice for Discovery Capital Corporation, a
prominent British Columbia venture capital firm specializing in financing and consulting to technology based start-up ventures. Mr.
Fernback went on to run the Investment Banking and Corporate Finance Departments for one of the oldest and most respected Western
Canadian based brokerage firms, Wolverton Securities Ltd. Currently, Mr. Fernback provides strategic consulting services including
business planning and analysis, supply chain management, capital markets support, corporate finance, and mergers and acquisitions
services as Regional Director of The CFO Centre Limited, the world’s largest provider of permanent, part-time and interim CFO
services to growing companies. Mr. Fernback has served as both a Director and Officer of several public companies.
Mr. Fernback is a graduate of McMaster University where he studied molecular biology and biochemistry, and also
a graduate of the University of British Columbia, where he completed an MBA with a concentration in Finance. He is an active
member of the Chartered Professional Accountants of British Columbia and is an active member of many industry and trade
organizations in Canada.
Cuba Ventures’ CEO, Steve Marshall, commented, “We are very pleased that Tim Fernback has agreed to join Cuba
Ventures’ Board of Directors. He is a well-respected leader in the technology industry and his expertise will be invaluable to the
future development of the Company as we continue to grow the online travel and digital marketing business focused on Cuba. Tim will
be working directly with our team to advise on capital markets strategy and evaluation of business opportunities as we remain
focused on creating shareholder value as one of the first and only publicly traded vehicles capitalizing on growth opportunities
present in Cuba."
Cuba Ventures in the
News:
CEO of Cuba Ventures, Steve Marshall, was recently interviewed on the Chinese news network CCTV America as the
Company continues to receive strong media attention. Below is a link to the full interview:
http://www.cctv-america.com/2016/09/01/travel-insight-for-visitors-to-cuba-from-ceo-steve-marshall
Cuba Ventures’ advisor Vito Echevarria recently carried out an interview on CBS WUSA9 in Washington DC. Below is
a link to the interview:
https://www.youtube.com/watch?v=ROq71OnkEJI
The interview with Cuba Ventures CEO Steve Marshall on Canada’s BNN (Business News Network) can be seen
here:
http://www.bnn.ca/video/steve-marshall-of-cuba-ventures-corp-interviewed-on-market-one-minute~905561
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 Media, a wholly owned subsidiary, is a digital media
and marketing company which owns a vast portfolio of Cuba related websites and online portals providing travel information,
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. Travelucion's online travel division is a duly licensed retail
travel supplier handling millions of dollars in sales annually.
Travelucion's 432 Cuba focused multilingual websites generate over 30 million page-views per year, directing
traffic to the company's online booking and e-commerce sites. These online websites cover all facets of Cuba including over 80
travel destinations, hotels & resorts, bed & breakfast, tours, car rentals, restaurants, as well as Cuban culture, history, music,
celebrities, sports, medical treatments and more.
Travelucion's revenues have been rapidly growing in the wake of the notable shift in American policy towards
Cuba. With diplomatic relations now normalized and restrictions on qualified American travel to Cuba relaxed, opening of the
multi-billion dollar travel market to the Caribbean nation is becoming a reality. Travelucion's continued media dominance over the
past two decades has provided Cuba Ventures with a competitive advantage in the burgeoning Cuba travel space. With the relaxing of
rules for American travelers to Cuba and the potential of further easing, growth and investment opportunities are on the rise in
Cuba.
For further information on Cuba Ventures Corp. (TSX-V:CUV) or Travelucion Media visit the Company’s website at
www.cubaventures.com or www.travelucion.com. Cuba Ventures Corp. has approx. 62.6 million shares issued and
outstanding.
CUBA VENTURES CORP.
“STEVE MARSHALL”
______________________________
Steve Marshall
CEO
For further information contact myself or:
Nick Findler
Cuba Ventures Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cubaventures.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS NEWS 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.
