Vancouver, BC – CUV Ventures Corp. (TSX-V: CUV) (the “Company”) is pleased to provide shareholders with a concise explanation and, new presentation, for the upcoming vertical named RevolUTILITY and, the contractually agreed services this vertical will offer during its worldwide launch. The Company’s future plans concerning this additional retail vertical were announced on June 06, 2018. Advisor Daniel Hernandez and, software contractor Bonsoft, both of whom previously assisted with the prior released RevoluCHARGE vertical will, once again, spearhead the launch of RevolUTILITY, for its planned public debut during the month of June 2019.
Originally conceived to offer distance payments of utility bills around the world, RevolUTILITY will commence with utility bill payments in select cities, for: Gas, Water and, Electricity in; Philippines, Russia and, the Ukraine. The Company will continue to add other countries for utility bill payments over time. However, RevolUTILITY will also allow instantaneous payments of the following supplementary services in, initially, +40 countries at launch, these include: Online Music, Online Gaming Credits, Gift Cards, Software, Mobile Apps, Sports Betting, Public Transport, etc. Shareholders are requested to refer to the extensive list of countries and, services, visible on the public RevolUTILITY presentation, pages 6-9, for which the Company already holds a contractual agreement to sell the said services. Users of RevolUTILITY will be able to acquire prepaid services or, credits, in select countries, from companies such as: Amazon, Spotify, Deezer, Pandora Music, Bwin, PokerStars, William Hill, Green Man Gaming, Netflix, Nintendo e-Shop, PaddyPower, PlayStation, Xbox, Skype, Zalando, etc. As with all of the Company’s currently active verticals, users may only interact financially with RevolUTILITY through the Company’s proprietary payment app, RevoluPAY.
Update on Previous Verticals and Successful Launches
As shareholders have previously been informed, the Company launched both RevoluCHARGE on November 5th 2018 and, RevoluVIP, on March 22nd 2019. These two verticals realized their first public retail sales on, November 7th 2018 and, March 22nd 2019 respectively and, have continued to generate revenue since the above dates. The immediacy within which these platforms began generating revenue is testament to both the markets desires for alternatives and, the tremendous work carried out by the CUV in-house tech team and, external software engineers.
The Company’s flagship technology is RevoluPAY®, the Apple and Android 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, + $595 billion 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.
RevoluVIP Technical and Programming Updates
As explained to shareholders in the 9th April 2019 news release, RevoluVIP will incorporate a gradual launch. As such, over the past 2 days, the following enhancements have been introduced.
Specific Airline Searches
Secondary Comparison Filter of the above defining: Flight Time, Stop-Overs, Price Estimate
The Company will continue to update RevoluVIP and, once a homogenous assortment of worldwide services are available, it will begin extensive marketing of the platform.
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, 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 + $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 134,115,000 shares issued and outstanding.
CUV VENTURES CORP.
For further information contact:
CUV Ventures Corp.
Telephone: (604) 685-6465
Toll Free: 800-567-8181
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.