Cuba Ventures Announces Partnership with Mercosur Chamber of Commerce
(Thomson Reuters ONE) -
VANCOUVER, British Columbia, May 31, 2016 (GLOBE NEWSWIRE) -- Cuba Ventures
Corp. (TSX-V:CUV) (OTCBB:MPSFF) (the "Company") is pleased to announce that it
has signed a collaboration agreement with the Mercosur Chamber of Commerce. Cuba
Ventures, through its subsidiary Travelucion Media, is an online travel and
digital media marketing company that specializes in travel marketing, electronic
reservations and online booking solutions for international visitors to Cuba.
Headquartered in Sao Paolo, Brazil, Mercosur CC was established in 1991 to cover
a territory of six of the twelve countries in South America with total
population of approximately 290 million people. Its full members are Argentina,
Brazil, Bolivia, Paraguay, Uruguay and Venezuela and its associate countries are
Bolivia, Chile, Peru, Colombia, Ecuador and Suriname with observer countries
including New Zealand andMexico. Mercosur's purpose is to promote free trade and
the fluid movement of goods, people, and currency as well as to facilitate
investment within South and Central America. Mercosur is a component of the
continuing process of South American integration connected to the Union of South
American Nations. Mercosur merchandise trade, excluding Venezuela, grew from
US$10 billion at the inception of the trade bloc in 1991 to over US $88 billion
in 2010.
In December 2015, the President of Mercosur went to Havana, Cuba, to address
strategic business development and tourism synergies between Mercosur's South
American countries and Cuba. The President of the Chamber of Mercosur and the
Americas, Miguel Lujan Paletta, stated: "This meeting marks the start of
commercial relations between Cuba and the member countries. This initiative will
certainly contribute to other countries in our region starting their
negotiations with more confidence and demystify, once and for all, any doubt
with Cuba. The Chamber of Commerce for Mercosur and the Americas has a close
relationship with entrepreneurs, not only in Brazil, but all other nations
belonging to Mercosur and the Americas."
This noteworthy collaboration agreement recently signed between Cuba Ventures
and Mercosur CC will open up many opportunities for the Company to work with
Mercosur on travel related opportunities, digital marketing initiatives, as well
as potential consulting agreements. Cuba Ventures' team has over 50 years'
experience in Cuban commerce and investment which will be of value to Mercosur
members interested in investing in Cuba. Furthermore, partnering up with
Mercosur gives the Company direct access to the member nations looking to invest
in Cuba.
Erik Aaron Lara, General Director of Mercosur CC and the Official Delegate for
the EU, United States and Asia of Mercosur, stated: "We look forward to working
with the team at Cuba Ventures and leveraging their in depth knowledge of Cuba.
They have a first mover advantage and have built an impressive online travel and
digital media platform customized for Cuba with hundreds of websites covering
all facets related to the island nation. As Cuba continues to open up, we see
this platform and the team at Cuba Ventures as value added partners for any
group, business or governmental body looking to enter the emerging Cuban economy
especially in the travel and digital media space."
Steve Marshall, CEO of Cuba Ventures Corp., stated: "We are very excited to have
partnered up with a group as prominent as Mercosur CC and view this as the start
of a strong working relationship between Cuba Ventures and Mercosur and its
member countries. There are renewed synergies between Mercosur members and the
Republic of Cuba, and our team can bring a wealth of knowledge to those
entrepreneurs and businesses considering the attractive and relatively untapped
investment potential Cuba has to offer. Given the rapidly growing travel market
in Cuba, there is a natural fit with Cuba Ventures and we expect numerous
opportunities to materialize from this partnership for the Company to grow its
current travel business. Beyond our working knowledge of Cuban bureaucracy,
legal and financial structures, we are also able to offer worldwide marketing
support for investors through our 432 multi-language Cuban focused websites
collectively generating over 30 million page-views per year of highly targeted
web traffic interested in everything Cuba. The recipe of proven consulting
expertise and ongoing marketing support for future investors has undoubtedly
been the reason we were chosen to aid Mercosur CC members going forward."
Both Travelucion Media's revenues and web traffic have continued to grow quickly
in the wake of the notable shift in American policy towards Cuba. Travelucion
has developed and owns one of the most significant portfolios of Cuban focused
websites with 432 websites collectively generating over 30 million page-views
per year. Visitor traffic is directed to the main Travelucion Media booking and
e-commerce sites and also to third party partner ventures requiring worldwide
marketing. Since 1995 these proprietary websites have been promoting Cuba and
offering online travel services to the Caribbean nation. The websites cover all
facets of the island including specific tourist destinations, hotels and
resorts, golf, spas, restaurants, classic car rentals, Cuban culture, health,
commerce, investment, food and much more.
About Cuba Ventures Corp.:
Cuba Ventures Corp. has acquired Travelucion Media, now a wholly owned
subsidiary. Travelucion Media is an online travel digital media company that
specializes in travel marketing, electronic reservations and online booking
solutions for international visitors to Cuba. Travelucion Media owns one of the
most significant portfolios of Cuban focused web assets, through 432 sites in up
to 5 languages, which collectively generate over 30 million page-views per year
and direct traffic to the main Travelucion booking site www.Havanatur.com and
third party Cuba related businesses.
For further information on Cuba Ventures Corp. (TSX-V:CUV) or Travelucion Media
visit the Company's website at www.cubaventures.com or www.travelucion.com.
Cuba Ventures Corp. has approx. 62.3 million shares issued and outstanding.
CUBA VENTURES CORP.
" JAMES G. PETTIT "
______________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
Cuba Ventures Corp.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info(at)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.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cuba Ventures Corp. via GlobeNewswire
[HUG#2016590]
Unternehmensinformation / Kurzprofil:
Datum: 31.05.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 474623
Anzahl Zeichen: 9378
contact information:
Town:
Vancouver, BC
Kategorie:
Business News
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