VANCOUVER, British Columbia, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Cuba Ventures Corp. (TSX-V:CUV) (OTCBB:MPSFF) (the
“Company”) is pleased to announce that it has concluded a recent seven day commercial mission to Havana, Cuba, carried out by
Director, Alfredo Manresa and, the CEO of Tyrval Jordi Tomas Romero.
Details of Tyrval and Cuba Ventures commercial mission
Tyrval, a worldwide supplier to the hotel and hospitality industry and, the official supplier of LG products for Latin America and,
partner of Cuba Ventures Corp, concluded a seven day intensive commercial mission to Cuba during the month of July. Significant
advances and product presentations were made to key buying entities in Cuba, including but not limited to: Melia Hotels
International, Cubanacan Hotels, Gran Caribe Hotels, Servitur and ITH, the main importer for the tourism sector, controlled by
Cuba’s Ministry of Foreign Commerce (MINCEX). Further, written offers were presented to foreign joint venture entities Cubacan,
Miramar, Jibacoa, Amanecer Holding, Cubacaribe, Cubanablau and El Senador. The extensive list of goods and items offered by Tyrval
ensures that Cuba Ventures Corp and Tyrval can accommodate complete hotel refurbishments or specific area remodeling. A prevalent
proposed product line was both the hospitality industry focused LG electronics along with industrial air-conditioning equipment.
Additionally, multiple requests were received for hotel furniture for over 1000 rooms in numerous hotel properties managed by the
aforementioned hotel chains. Cuba Ventures and Tyrval share an agreement in which Cuba Ventures Corp obtain 5% of all revenue from
the partnership. Tyrval expects to submit over 10 million USD of possible orders before the year end.
Cuba Ventures Corp plans to vigorously fight legal trademark allegation
On August 1st Cuba Ventures Corp received a notice concerning legal action regarding an alleged breach of the
trademark from a Curacao based travel agency. Caribbean Travel Network, domiciled on the island of Curacao in the Caribbean, filed
a complaint against directors and the company, surrounding the alleged use of word mark violation in Canada and, unproven claims
relating to unfair competition. The board believes the claim is without merit and has engaged trademark specialist council and will
fight this complaint forcefully.
About Cuba Ventures Corp.:
Cuba Ventures Corp. interest 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 Cuba travel information in up
to six languages, 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.
Cuba Ventures Corp has acquired an equity interest in a Florida, USA domiciled, licensed and bonded travel agency which
specializes in travel to Cuba. This equity ownership permits the company and, its subsidiary Travelucion, to promote U.S compliant
travel packages to Americans citizens through its equity partner International Business & Travel Opportunities, LLC, Fort
Lauderdale, Florida, USA.
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 improving and restrictions on qualified American travel to Cuba relaxed,
the 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.
