World News: 13:30 GMT Friday 12th July 2019. [CUV Ventures Corp. via Globe Newswire via SPi World News]
VANCOUVER, British Columbia, July 12, 2019 (GLOBE NEWSWIRE) -- (“the Company”) is pleased to announce an update. Further to the news release dated , the company has successfully increased the paid-up share capital of the wholly owned subsidiary RevoluPAY S.L. to 435,000 Euros (approx. CA$ 645,000) on 11 July 2019. Due to the summer holidays across Europe, the company had greater difficulty than expected in obtaining a notary appointment to effect said Central Bank recommended capital increase, however, the task is now completely concluded.
The company has now satisfied the aforementioned Central Bank recommendation pertaining to the RevoluPAY S.L subsidiary paid-up capital increase. Subsequently, in an email from Hogan Lovells lead counsel addressed to RevoluPAY S.L CEO, Alfredo Manresa, dated July 11 at 7.20PM CET, Hogan Lovells informed the company that the aforementioned final capital increase is now submitted to the Central Bank and, no additional paperwork is pending submission to the Central Bank. Hogan Lovells lead counsel further affirms that, in their opinion, the today updated submission should tentatively garner a final Central Bank reply between 20-40 days from today.
As per the news release dated concerning the upcoming Real Estate payments vertical RevoluREALTY, the company has elected U.S based Global Listings Inc. to power the upcoming platform. currently offers real-time property searches covering approximately . A global property listings Syndication contract was signed on July 9 2019, between Mr. Marshall, Director of the company’s wholly owned Canadian subsidiary, RevoluVIP International Inc, and CEO of , Mr. Michael Gerrity. As previously stated, the company expects RevoluREALTY to be live on 15 August 2019.
Global Listings Inc. Founder and CEO Michael Gerrity said, “”
Company CEO Steve Marshall and, Director of the subsidiary RevoluVIP International Inc, commented, “”.
Shareholders were advised on that ChileVIP would be launched within the coming days. As a result, the in-house IT team were able to successfully launch . Chile receives approximately . The Company intends to continue this brisk pace, to roll-out other country destination websites as rapidly as is technically possible.
The company had announced in the news release dated that an update concerning RevoluFIN would be provided in the month of June. Notwithstanding, certain unforeseen factors, including the involvement of certain advisors in Panama’s General Election campaign, allied to the recent July 1 change of Presidency, have invariably delayed the company’s best intents to provide shareholders with the promised update. RevoluFIN Inc. Panama and, its local advisors, are elated by the outcome of the election and, the victory of incoming president Laurentino Cortizo.
The Company’s flagship technology is ®, the and multinational payment app. Built entirely in-house, RevoluPAY features proprietary, sector specific, technology of which, the resulting source code is the property of the Company. RevoluPAY’s built-in features include: Leisure payments, travel payments, retail and hospitality payments, remittance payments, real estate payments, pay-as-you-go phone top-ups, Utility Bill payments, etc. RevoluPAY is powered by blockchain protocols, and, is squarely aimed at the worldwide multi-billion dollar leisure sector and, + family remittance market. RevoluPAY® is operated by the European wholly owned subsidiary RevoluPAY S.L located in Barcelona. RevoluPAY S.L operates under European E-money - Directive 2009/110/EC through a licensed electronic money institution or EDE Banking Licensed entity.
Global Listings Property and Country Data -
World Bank remittance Data -
Chile annual Tourism -
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, Mobile phone top-ups, Invoice factoring, Blockchain Systems, and Fintech app 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 + family remittance market. to read more.
For further information on CUV Ventures Corp. (TSX-V: CUV) visit the Company’s website at . The Company has approximately 150,123,337 shares issued and outstanding.
For further information contact:Don MosherCUV Ventures Corp.Telephone: (604) 685-6465Toll Free: 800-567-8181Facsimile: 604-687-3119Email:
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 for further information.
Globe Newswire: 13:30 GMT Friday 12th July 2019
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