VANCOUVER, British Columbia, Sept. 12, 2018 (GLOBE NEWSWIRE) -- CUV Ventures Corp.
(TSX-V: CUV) (the “Company”) Vancouver, BC – (the “Company”) is pleased to announce
that Mr. Michael Bruening, founding CEO of European marketing agency CREATIVTEAM COMMUNICATIONS, domiciled in Germany and Austria, has joined the Company’s advisory
board as a senior marketing consultant. The Company is also pleased to provide numerous updates concerning: RevoluPAY®, RevoluFIN,
RevoluVIP and RevoluCHARGE.
About Michael Bruening
For more than 20 years, Michael Bruening has been the founder and managing director of the German advertising
agency, CREATIVTEAM COMMUNICATIONS, with numerous long-standing and notable clients: Volkswagen, Varta, Johnson Controls,
Continental and, many more. With Michael at the helm, CREATIVTEAM COMMUNICATIONS provides key marketing support in both Germany
and, throughout Europe, to top-tier publicly listed and private companies. In addition to the automotive sector, his agency also
focuses on finance, food and agriculture, as well as tourism. In addition, Mr. Bruening founded and operated various start-ups,
including a leading games portal, a company for AR (augmented reality) applications and, a consulting firm for worldwide digital
transformation. Michael is a member and consultant in various German think-tanks on digitization and new management methods. In
recent years he has increased his involvement in the tourism sector and, now advises three tourism companies in the field of
marketing, both as a board advisor and consultant, respectively. After studying German Literature, Journalism and History in
Goettingen and Bremen, he began his career as a journalist for German daily newspapers before moving early to the marketing world
and, self-employment, founding Creativ Team. The Company is pleased to announce it has granted to Mr. Bruening, a marketing
consultant of the Company, options exercisable to purchase up to 200,000 common shares of the Company at an exercise price of $0.08
per share for a period of Five (5) years.
Mr. Marshall, CUV Ventures CEO commented: "We are pleased that a senior marketing executive of
Mr Bruening's caliber has decided to join our team as a senior advisor to the board. Revenue
growth from CUV’s fast growing global divisions is of prime importance as we expand our footprint in Europe, North and South
America and, beyond. Mr Bruening will prove invaluable to the Company in assisting many of our operations
with global marketing for the; RevoluPAY®, RevoluFIN, RevoluVIP and RevoluCHARGE family of revenue divisions, marketing strategies
and securing key market penetration, as we continually expand our Revolu divisions. Mr Bruening can provide
immediate assistance to RevoluPAY® Europe and, the multi-billion Euro cross boarder remittance markets in the EU. Michael joined
Alfredo Manresa, Ahmed Rodriguez and, myself, in Barcelona, in late August to commence the marketing strategy and, his immediate
integration into our team.”
RevoluPAY® Update
On August 31st, the RevoluPAY® Android app concluded one month of live, real-time testing, which
included; worldwide app deposits (cash-in), 3 consecutive software updates and, hundreds of successful wallet-to-wallet
transactions. The company is elated with the current iteration of the app and, has begun the submission process to the Apple IOS
platform, which it expects to be approved and live by 31st September. On the 23rd of September, a one week
live test will begin for bank cash-out (disbursement) across all 28 member states in the European Union: Austria, Belgium,
Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Ireland, Latvia,
Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Spain, Slovakia, Slovenia, Sweden and, the United
Kingdom. The Company is especially interested in the immediate Pan-European remittance markets, in which, migrants working in
richer European nations send money home to countries such as: Czech Republic, Greece, Latvia, Lithuania, Poland, Portugal, Romania, Slovakia and, Slovenia.
Upon completion of the aforementioned European live trial and, successful commencement of disbursements, the
Company will switch its attention to disbursements in; South and Central America and, the Caribbean as per the news release dated
June 29th 2018. The cited negotiations are proceeding extremely favorably, with
internal launch timing fully on schedule.
Further upcoming developments will include; Non-European country licensees, worldwide cash-out collection
points, home remittance deliveries, App linked prepaid Visa (RevoluCARD), NFC powered ATM withdrawals, in addition to more banking
partner cash-out (disbursement) alliances. Further, the Company expects to have RevoluPAY® live as a payment mechanism across all
of its proprietary websites by October 30th, which should provide an important stream of fresh adopters and, the
initiation of the organic user base the Company seeks.
RevoluFIN Update
Panamanian authorities have advised the Company’s local attorney that full mercantile registry approval of
RevoluFIN Inc., a wholly owned subsidiary of the Company, will occur this week. The Company wishes to apologize to shareholders for
the delayed approval of the Company, which was affected by the summer holiday period in Panama and, registry bureaucracy. The
Company intends to locate RevoluFIN commercial activities in the Cuidad del Saber (City of Knowledge) which is especially suited to technology and finance
companies. RevoluFIN has received and studied numerous financing requests, which will be immediately
approved in the very near future.
RevoluVIP Update
Company CEO, Steve Marshall, visited Spain in late August to finalize the rollout of RevoluVIP. Travelucion CTO,
Ahmed Rodriguez, along with long time advisor to the wholly owned subsidiary, Mr. Orlando Martinez, finalized imminent launch
plans. The GDS system is currently in testing phase with numerous suppliers on-boarding concluded. Shareholders are offered a sneak
peak of the development websites at
Travel Network Pre-Beta http://dev.americavip.com/dev/
Travel Club Pre-Beta http://revoluvip.club/devclub/
RevoluVIP utilizes cutting edge Constellation Software subsidiary, Juniper, GDS XML technology, the newly obtained IATA and
Amadeus licenses and, the proven know-how and team at Travelucion, to expand sales into over 130 new countries/markets,
optimistically increasing Travelucion’s current single test destination audited annual revenue of 2.5 million dollars by
potentially significant multiples. See - RevoluVIP Presentation
RevoluCHARGE Update
On August 27th 2018, the Company entered into an agreement with long time advisor Daniel Hernandez Rodriguez for the complete turn-key delivery of a functioning system for
RevoluCHARGE by 1st November 2018. Mr Hernandez and Mr. Marshall met in Europe to finalize the agreement. RevoluCHARGE
is a system that will allow RevoluPAY® users to seamlessly send mobile, data and call, top-up credits to family and friends in 248
countries and territories. Mr. Hernandez began preliminary work on the project in June 2018 and, already, the two best suppliers
have been signed, allowing price polling between CY Talk and Ding, both global leaders in the sector. Mobile top-ups are a
multi-billion dollar industry in developing nations and, specifically, in those nations whose annual cash remittances are high. As
such, RevoluCHARGE is a complimentary add-on business to RevoluPAY®, making it more convenient for RevoluPAY® users to both send
money and, additionally, send mobile top-ups to their family and friends back home.
CEO message to shareholders
As should now be apparent, the Company, its management and advisors have worked tirelessly throughout the
summer. Many important milestones have been achieved and, I hope, after reading this news release, shareholders are able to fully
appreciate the length and breadth of our achievements over the past two months. The coming months will see the gradual introduction
of many of the Company’s new revenue generating divisions, all of which required, as a central prerequisite, the RevoluPAY® app.
The Company has strategically utilized separate teams to autonomously bring each division forward, thus, corporate bottlenecks,
often common in the asynchronous nature of major rollouts, have been largely mitigated. Due to this strategy, these new divisions
should come on stream collectively or, with little to no downtime.
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.
