Cuba Ventures Signs MOU with SPORTTU New York and SKYY Digital Media Group; CEO Steve Marshall Interviewed on Univision Los Angeles & CBS CW6 San Diego
(Thomson Reuters ONE) -
VANCOUVER, British Columbia, Oct. 19, 2016 (GLOBE NEWSWIRE) -- Cuba Ventures
Corp. (TSX-V:CUV) (OTCBB:MPSFF) (Frankfurt:IJA2) (the "Company") is pleased to
announce that, through its wholly owned subsidiary Travelucion Media, it is has
entered into a memorandum of understanding (the "MOU") with US sports media
giant SPORTTU for the distribution of Cuban Sports events, player profiles and
bios, Cuban team facts and results, and Cuban sports-related media content in
the United States and worldwide. Cuba Ventures will distribute this content
through major mobile carriers including America Movil, which has over 260
million wireless subscribers, the United Nations and major international sports
federations.
Cuba Ventures' CEO, Steve Marshall, commented, "Travelucion Media owns the
websites www.Cuba-Sports.com and www.Cuba-Sport.com, being the world's first
online Cuba Sports focused websites. The multibillion dollar sports media
business is one that Cuba has been conspicuously absent from for over 50 years.
Concurrently, we have seen through our alliances with Mercosur, Cuban Health and
now SPORTTU that additional revenue streams from our media division will only
increase going forward. Revenue derived from advertising, promotion and the
increased overall traffic across our entire network is obtainable through these
types of alliances, when subscribers are shown the exclusive Cuba content they
seek. We firmly believe that Cuban Sports content will be a big hit, not only
with North American wireless subscribers but worldwide. Some of the world's most
famous athletes have originated from Cuba, US Major League Baseball being just
one example, with some of the highest paid Cuban born players. By joining forces
with SPORTTU we will achieve a major milestone, using the latest technologies to
update our legacy Cuba Sports websites, while simultaneously distributing this
content on a worldwide stage, generating advertising revenue and fresh organic
traffic for our network of 432 Cuba focused web properties."
During the development of the original Cuba Sports websites, Travelucion Media's
team worked intimately with Cuba's Inder (National Institute of Sports) and the
Cuban sports minister. These decades' old relationships place Cuba Ventures in
the ideal position to provide Cuba Sports related web content to SPORTTU as
supplier of Cuba Sports content, distributed to a worldwide audience.
The MOU signed between Steve Marshall, CEO of Cuba Ventures, and Juan Carlos
Barerra, President of SPORTTU will allow Cuba Ventures, through its wholly owned
Travelucion Media subsidiary, to work alongside SPORTTU in powering the online
and mobile app for Cuba Sports with highly targeted Cuba centric sports content
including legacy content of historic player facts, historic game results,
historic league results, digitalization of key past games, and televised sports
events. Cuba Ventures will also make available live streaming of numerous sports
events and games directly from Cuba, allied to real-time league results and
current player data and facts. Monetization and revenue from the Cuba sports
section on the mobile app and webpage's of SPORTTU and Cuba Ventures'
proprietary websites will be generated via up to three exclusive ad locations
displayed to visitors across all markets and mobile carrier partners. SPORTTU
and Cuba Ventures will jointly market and handle these ad placements. Cuba
Ventures also expects an increase in web traffic across its legacy websites, as
wireless subscribers seek more information about Cuba outside of the Sports
world.
SPORTTU is headquartered in New York City with offices in Mexico, Brazil,
Colombia and India. SPORTTU delivers the ultimate fan experience through both
its mobile app and online web content. SPORTTU's personalized fan experience
covers numerous sports in over 195 countries, leagues, teams, athletes, events
and brands across the globe. The unique SPORTTU app allows millions of fans to
create personalized sports profiles allowing them to follow leagues, teams,
athletes and events in real-time, while being able to search and view historic
facts on players and teams, including past games and playoffs.
Cuba Ventures in the News and Media:
September 1(st), 2016 marked the first commercial flight departing from the US
and arriving in Cuba since 1961. Under the new agreement between the US and Cuba
there will be 110 commercial flights per day between the two countries. With the
first commercial flights from the US west coast set to commence in January
2017, Cuba Ventures CEO Steve Marshall was interviewed in California this month
by the following networks:
* Univision America which has over 80 million Hispanic viewers and holds the
top slot for Spanish speaking media within the US and Central America:
https://youtu.be/RWi74exaiS0
* CBS CW6 San Diego: http://www.cw6sandiego.com/want-visit-cuba-not/
About Cuba Ventures Corp.:
Cuba Ventures Corp. is a publicly traded Canadian company capitalizing on the
growth and unique opportunities in the USD $3.5 billion per year Cuban travel
and tourism industry. Travelucion Media, a wholly owned subsidiary of Cuba
Ventures, is a digital media and marketing company which owns a vast portfolio
of Cuba related websites and online portals providing travel information,
featuring individual web assets for Cuba's popular cities and towns, online
booking solutions and online reservations through proprietary software, catering
to international visitors to Cuba. Travelucion's online travel division is a
duly licensed retail travel supplier handling millions of dollars in sales
annually.
Travelucion's 432 Cuba focused multilingual websites generate over 30 million
page-views per year, directing traffic to the company's online booking and e-
commerce sites. Recently this traffic has become a cornerstone of the company's
assets, positioning it to direct highly targeted web traffic towards specific
partnerships including the MOU with SPORTTU and Collaboration Agreement with
Mercosur. Cuba Ventures will continue to monetize and develop its Cuba centric
web traffic going forward. Travelucion's websites cover all facets of Cuba
including over 80 travel destinations, hotels & resorts, bed & breakfast, tours,
car rentals, restaurants, as well as Cuban culture, history, music, celebrities,
sports, medical treatments and more.
Travelucion's revenues have been rapidly growing in the wake of the notable
shift in American policy towards Cuba. With diplomatic relations now normalized
and restrictions on qualified American travel to Cuba relaxed, opening of the
multi-billion dollar travel market to the Caribbean nation is becoming a
reality. Further, with President Obama having now legalized the sale of Cuban
cigars, rum and foods, we see yet another illustration of improved relations
with Cuban goods now available across North America, opening up an all new
advertising opportunity for Cuban producers desirous of promoting their brands
and products on a worldwide stage. Travelucion's continued media dominance over
the past two decades has provided Cuba Ventures with a competitive advantage in
the burgeoning Cuba media space. With the relaxing of rules for American
travelers to Cuba and the potential of further easing, along with recently
announced sales of Cuban goods in the US, growth and investment opportunities
are on the rise in Cuba.
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. 62.6 million shares issued and outstanding.
CUBA VENTURES CORP.
STEVE MARSHALL
______________________________
Steve Marshall
CEO
For further information contact myself or:
Nick Findler
Cuba Ventures Corp.
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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cuba Ventures Corp. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 501528
Anzahl Zeichen: 10902
contact information:
Town:
Vancouver, BC
Kategorie:
Business News
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