CUV Ventures Corp. (TSX-V:
CUV
) (the “Company”) Vancouver, BC – (the
“Company”) is pleased to announce that the wholly owned Travel
Subsidiary, Travelucion, has elected Constellation Software Inc
(TSE – CSU) subsidiary, Juniper, for the RevoluVIP Travel Club XML
and GDS software technology. Constellation Software Inc., through
its subsidiary Juniper, offers the most superlative cutting edge
travel software on the market. A definitive contract was signed on
July 30th, 2018 between Travelucion and, Constellation Software
Inc. subsidiary, Juniper.
RevoluVIP Corporate
Presentation
The company is delighted to provide shareholders
with the latest RevoluVIP Corporate Presentation
Link to presentation
About Constellation Software
Inc.
Constellation Software Inc (TSE –
CSU) is a diversified software company based in Toronto,
Canada and, listed on the Toronto Stock Exchange with a $20 billion
dollar market cap, and is a constituent of the S&P/TSX 60. The
company was founded by Mark Leonard, a former venture capitalist,
in 1995. It went public in 2006, and now has 13,000 employees
spread over 6 operating segments. CUV Ventures and Travelucion are
elated with the software technology available from its Juniper
subsidiary and are looking forward to a swift rollout of the
RevoluVIP platform.
RevoluVIP Current Status
As explained to shareholders, the key components of the
RevoluVIP Travel Club were; Travel License, GDS license, IATA
License and, a cutting edge software partner. To this end,
the following milestones have now been achieved and, ahead of
schedule.
- Travelucion acquisition – 21 March 2016
- Travelucion 1 destination trial – 2016/17
- Amadeus GDS License - April 27th, 2018
- IATA Accreditation – July 4th, 2018
- Juniper XML Sofware License – 30 July 2018
Online Travel Subsidiary Trials and Proof of
Concept
The wholly owned subsidiary Travelucion carried
out a proof of concept trial in 2017, covering a single Caribbean
destination, receiving approximately 3.6 million tourists annually
and, focusing only on 100% automated online travel sales (non
assisted sales). The results of this trial were promising, netting
$2.5 million in audited online travel sales for the year ending 31
May 2017. The company now feels that it has assembled the right
team of professionals to take this venture to the next level,
adding over 128 new destinations, while at the same time, gaining
support from the world’s largest travel sector players; Amadeus,
IATA, Juniper and Constellation Software Inc.
Domain Lease Negotiations
The final step of RevoluVIP is the concept of
broad travel distribution across multiple country specific web
properties. Deploying international blanket coverage of
country/destination specific travel websites, each displaying
profound national travel offers, while, at the same time, capturing
increased destination based web search visitors, organically.
Management is currently negotiating the lease of the “VIP
Collection” 181 domain names and, legacy web traffic, as displayed
in the corporate presentation. As these domain names and websites
are the property of a company associated with a related party, TSX
exchange approval is sought.
Complete Website Overhaul
Each website will be completely transformed under the RevoluVIP
program, with fresh themes and, the latest cutting edge XML and GDS
technologies. The current websites, in terms of their current
content and design displayed on the “VIP Collection”, should,
therefore, be ignored.
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 MarshallCEO
For further information contact myself or:Nick
FindlerCUV Ventures Corp.Telephone: 604-639-3850Toll Free:
800-567-8181Facsimile: 604-687-3119Email: 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.
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