VANCOUVER, British Columbia, July 31, 2018 (GLOBE NEWSWIRE) -- CUV Ventures Corp.
(TSX-V: CUV) (the “Company”) Vancouver, BC – (the “Company”) is pleased to announce
that the RevoluPAY® app has been successfully launched publicly on Google Play for Android Platforms and, can be downloaded
immediately. The company expects the Apple version to be available on iTunes shortly.
About the RevoluPAY® Android App
The company has preferred to release the current version of the app to the public and commence live testing of
the remittance and payment app, using the Android version. Studies have revealed that Android devices are more prevalent in
developing nations and, by launching on this platform; the company is able to commence real-time trials of the app, glean usage
intelligence while, at the same time, concluding the Apple submission and tacit approval process. Gradual App version updates and,
country disbursement (cash-out) licensees, will be added gradually, as the trials continue and, shareholders will be updated every
step of the way.
CUV Ventures and PayNoPain S.L enter into contractual agreement
The company has entered into a contractual agreement for the current app revealed today and, future development
of the RevoluPAY® eWallet remittance and payment app with PAYNOPAIN SOLUTIONS SL., Castellon, Spain. The contract includes CUV’s
legal ownership of the resulting source code and app. The company already holds numerous worldwide RevoluPAY® trademarks. A
significant high point of the contract includes, guaranteed and immediate cash-out disbursements across the entire European Union,
in addition to those countries previously announced. The multi-billion euro Remittance inflows, into lower GDP European countries, are of great interest to the company.
Notable Contractually Agreed Terms are:
- CUV Ownership of the app and source code
- Wi-Fi, Mobile Network and NFC transactions
- AES 256 Encryption
- CCU Cryptotoken incorporation (V2)
- Invoice Payment (RevoluCHARGE, RevolUTILITY, RevoluVIP)
- Invoice Payment (Third Parties)
- Blockchain and AI Engine
- Extraction of funds at Cash-Points and Banks
- Multi-Currency
- Apple & Android
- Consumer Version
- Merchant Version
- AML & KYC Compliance
- Immediate Cash-Out (Disbursements) in Europe
- Secondary Cash-Out (Disbursements) in selected licensee countries
Equity Partner Third Circle Publishing, Miami - Magazine with CUV Ventures
Management is pleased to announce that the first printed version of the magazine, since the company’s equity
purchase in Third Circle Publishing, has been distributed worldwide, the July edition includes the contractually agreed full page
advertising and, inclusion of CUV Ventures in the editor section. Shareholders wishing to receive a souvenir printed copy of this
emblematic edition may contact investor relations for a complimentary copy.
CUV Ventures And Parties Cease Agreements and MOU
03/05/2018 - CRYPTO LIQUIDITY HOLDINGS INC – On 24/07/2018, through mutual agreement, both parties have decided
not to pursue any ongoing synergies.
24/11/2017 – RevoluPAY - Vesilen Investments S.L. - On 29/06/2018, CUV Ventures received a proposal to
fundamentally modify the initial agreement for the development of the RevoluPAY app. On 09/07/2018 the tender was rejected.
Included in the modified terms was a theoretical licensing of the software from the party and, a considerable increase in the
initially agreed total development cost. As a result, the two real time app transactions were not successfully completed and,
neither a functioning app, nor the source code, was delivered.
02/11/2017 – GDS - Booketea S.L – Bilateral communication between the mutually assigned management boards,
elected on the date of the contract, failed to materialize.
*Management remains committed to the remaining accords with Vesilen Investments and, are working with their
management towards numerous forthcoming ventures and synergies.
About CUV Ventures Corp.:
CUV Ventures Corp. is a multi-asset, multidivisional publicly traded Canadian company deploying advanced
technologies in the; Online Travel, Vacation Resort, Mobile Apps, Money Remittance, Invoice factoring, Blockchain Systems, and
Cryptotoken sectors.
Our flagship technology is RevoluPAY®, the Apple and Android multinational leisure payments and remittance app,
powered by blockchain protocols, and aimed at the worldwide + $595 billion family remittance market. Click here to read more.
For further information on CUV Ventures Corp. (TSX-V: CUV) visit the Company’s website at www.cuvventures.com. The Company has approximately 123,200,000 shares issued and
outstanding.
CUV VENTURES CORP.
STEVE MARSHALL
______________________________
Steve Marshall
CEO
For further information contact myself or:
Nick Findler
CUV Ventures Corp.
Telephone: 604-639-3850
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cuvventures.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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.
