Travelucion Records Monthly Sales in
February 2017 of over $192,000
Sen. Jerry Moran (Rep) Introduces
Legislation to Restore Trade with Cuba
Steve Marshall appears on Telemundo
News
VANCOUVER, British Columbia, March 22, 2017 (GLOBE NEWSWIRE) -- Cuba Ventures Corp. (TSX-V:CUV)
(OTCBB:MPSFF) (the “Company”) is pleased to announce that the company’s CEO Steve Marshall has signed an exclusive agreement with
Tyrval, a world supplier to the hotel and hospitality industry. Republican Senator for Kansas Jerry Moran introduces legislation to
lift the Cuban embargo. The travel division of the company had a very strong month in February, usually Cuba’s low season, of
$192,000.
Cuba Ventures signs exclusive agreement
with major Hotel industry supplier Tyrval
The Company is pleased to announce that it has entered into an exclusive agreement for the Island of Cuba with
Tyrval, the world eminent supplier to the Hotel & hospitality industry, currently represented in USA, Panama, Costa Rica, Sri
Lanka, Aruba, Jamaica, Mexico, Dominican Republic, Brazil, Bahamas, St Martin, Mauritius, Nicaragua, Colombia, Cape Verde, France
and Spain. Tyrval is an exclusive supplier of LG Electronics, Hotel room equipment and decoration, industrial restaurant equipment,
including dining room fittings and fixtures, indoor and outdoor furniture, lighting and other hotel related hardware. Cuba’s hotel
infrastructure is experiencing a major upgrade due to the advent of increased tourism, with over 4 million arrivals in 2016. Cuba
Ventures' consulting division has identified a need for such synergies to assist its Cuban hotel partners with the upgrade of
partial or complete hotels, common areas and guest accommodations. Tyrval is the preeminent company for offering turnkey solutions
and one-stop purchasing for partial or complete interior and exterior upgrades of Cuban hotels. The company anticipates providing
Tyrval with a minimum 1 USD million dollar turnover by 2018 under a contracted minimum of a 5% commission structure. Steve
Marshall, the company’s CEO commented, “due to our positioning in the Cuba travel industry, we have our finger on the pulse for
planned hotel upgrades across the island. Furthermore, the unprecedented decision taken by the Cuban government to allow Iberostar
Hotels to freely import goods for their hotels in Cuba is a trend that is likely to spread across the whole hotel management sphere
on the island. Previously, all imports to Cuba were administered by the Cuban government. The hotel equipment industry in Cuba is
potentially a billion dollar industry and, as tourism continues to increase, existing hotels need to be modernized and new hotels
are built.” Tyrval CEO Jordi Tomas Romero stated, “Tyrval has long considered an entrance into the Cuban hospitality
market, having supplied extensively to hotel chains in the Caribbean region since 1993. The travel division of Cuba Ventures Corp,
Travelucion, works alongside all hotels in Cuba on a day-to-day basis, therefore, key market intelligence is gleaned, allowing Cuba
Ventures to gain a head-start when proposing our products to hotels looking to upgrade or, for complete hotel refurbishments or, as
new hotels come on line. As our exclusive partner in Cuba, we consider Cuba Ventures Corp as the sole alternative.”
Monthly Sales in February
2017:
The Company booked over CDN $192,000 in unaudited net sales for the month of
February 2017. January's sales show the strength of the Company's robust travel services, even in the historically slow Cuban
travel month of February. Increased interest in Cuba, along with heightened media attention in the United States
surrounding the Company’s Cuba-centric digital media platform, including 432 websites focused upon Cuba, is stimulating these
increased revenues. Visitors to the Company’s websites from the United States now represent 36.8% of the approximately 37 million
annual page views, up from 6% in 2014.
Sen. Jerry Moran (Rep) Introduces
Legislation to Restore Trade with Cuba
In an unprecedented move, on March 13th Republican Senator Jerry Moran introduced legislation to
the US senate known as; The Cuba Trade Act of 2017 (S.
472) to Lift the Cuba trade embargo and allow U.S. financial institutions the freedom to extend credit to Cuba.
http://www.moran.senate.gov/public/index.cfm/2017/3/sen-moran-introduces-legislation-to-restore-trade-with-cuba
http://krvn.com/agricultural/video-sen-moran-introduces-legislation-to-restore-trade-with-cuba/
Nearly 150 U.S. organizations have voiced their strong support for common sense reforms to U.S.-Cuba relations,
including the U.S. Chamber of Commerce, the American Farm Bureau Federation, the National Association of Wheat Growers, Engage Cuba
and the U.S. Agriculture Coalition for Cuba (USACC). The senator from Kansas is keen to see U.S farmers sell agricultural
commodities to Cuba as the U.S farm belt states suffer the worst economic crisis since the great depression.
Another key Cuba trade proponent, Sonny Perdue, was chosen by the president as the Agriculture Secretary
position. Sonny Perdue, the then governor of Georgia visited Cuba in 2010 to promote free trade with the island nation. The
company’s CEO Steve Marshall visited Capitol Hill earlier this month, meeting with key supporters of this legislation “Engage Cuba”
and the office of congressman Adriano Espaillat (R).
Resignation of Donald
Huston
The company announced today that Donald Huston has resigned from Cuba Ventures' board of directors effective
March 16, 2017. Donald Huston has provided valuable insight and assistance as the company has acquired assets and expanded as a
company. Cuba Ventures Chairman, Jim Petitt, said, "We thank Mr. Huston for his service to the company and wish him success in his
future endeavours."
Cuba Ventures in the Media
Cuba Ventures CEO Steve Marshall Interviewed on Telemundo news Washington DC (Spanish):
https://www.youtube.com/watch?v=oc48Z2AGpUQ
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 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 and online media 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.
Cuba Ventures' consulting division harnesses over 60 years of combined advisor experience in submitting and,
obtaining approval for, joint ventures, joint production agreements and import/export permits for foreign enterprises. More
recently the company has taken a royalty approach for future agreements between third parties anxious to begin commercial
operations with Cuba and, the company’s Cuba Consulting Unit.
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 72,412,487
shares issued and outstanding.
CUBA VENTURES CORP.
STEVE MARSHALL
______________________________
Steve Marshall
CEO
For further information contact myself or:
Nick Findler
Cuba Ventures Corp.
Telephone: 604-639-3850
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.
