VANCOUVER, British Columbia, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Cuba Ventures Corp. (TSX-V:CUV)
(Frankfurt:IJA2) (OTCBB:MPSFF) (the “Company”) - is pleased to announce that further to the September 19th, 2017 signed letter of
intent (“LOI”), it has signed a formal consulting agreement with Bhavnani Corporation and welcomes CEO Dileep Bhavnani as an
advisor to the company. Bhavnani Corporation has accumulated a worldwide reputation, through its honorary president and legendary
European stock market investor, Mr. Ram Bhavnani. Mr. Dileep Bhavnani, son of the famed investor, is an important addition to the
company’s advisory board.
About BHAVNANI CORPORATION
BHAVNANI CORPORATION holds equity in numerous technology companies bringing value to its technology and IT
focused subsidiaries from its position as a significant shareholder and its active participation in the Boards of Directors and, in
other governing bodies of these companies. BHAVNANI CORPORATION invests in companies with high potential, strong management teams,
with great financial strength and flexibility and with a proven competitive advantage in their relevant sectors. In addition, the
stock market knowledge and impeccable reputation of its honorary president, Mr. Ram Bhavnani, underlines its continued investment
activity.
As a result of a series of the high level meetings in Europe in January 2018, Cuba Ventures Corp. has signed a
comprehensive consulting and advisory agreement with BHAVNANI CORPORATION. The parties are currently evaluating the opportunities
offered by the Cuban market and other key markets related to the Revolupay® blockchain remittance and payment app and CCU Coin
Cryptotoken. Shareholders are reminded that BHAVNANI executives visited Cuba from 24-29 Sept 2017 and management have met on
several occasions since that date to discuss multiple opportunities, both related to current activities of the company and, future
opportunities which will be disclosed in due time.
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 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 which was recently awarded a Amadeus GDS
distribution license.
Cuba Ventures Corp. has acquired an equity interest in a Florida, the 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 American citizens through its equity partner International Business & Travel Opportunities, LLC,
Fort Lauderdale, Florida, USA.
Travelucion's 432 Cuba focused multilingual websites generate over 35 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.
Cuba Ventures FinTech division is embracing world renowned entities to bring together a global force to
stimulate Cuba’s archaic economic systems. Financing of both internal and external debt, ₡CU Coin Cryptotoken and Revolupay®
blockchain deployment - across the all important private enterprises and remittance industry are primary objectives of this
division. Finally, bridge loans for foreign enterprises who receive Cuban bank payment instruments will enable faster transactions
and rapid advances in the economy.
Cuba Ventures consulting division harnesses over 80 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. Current contractual partnerships include Tyrval, a worldwide hotel
industry supplier. Cuba Ventures intends to augment the amount of financially beneficial consulting related businesses.
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 approximately 109,000,000 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.
