10:26:50 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



CUV Ventures Corp
Symbol CUV
Shares Issued 134,115,000
Close 2019-04-18 C$ 0.23
Market Cap C$ 30,846,450
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CUV Ventures plans RevolUTILITY public debut for June

2019-04-18 09:08 ET - News Release

Mr. Steve Marshall reports

CUV VENTURES CORP. REVOLUTILITY VERTICAL EXPLAINED, CORPORATE UPDATES

CUV Ventures Corp. has provided shareholders with a concise explanation and new presentation for the coming 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 6, 2018. Adviser Daniel Hernandez and software contractor Bonsoft, both of which 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.

RevolUTILITY presentation

About RevolUTILITY

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 the Philippines, Russia and 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, over 40 countries at launch, these include on-line music, on-line gaming credits, gift cards, software, mobile apps, sports betting and public transport. Shareholders are requested to refer to the extensive list of countries and services, visible on the public RevolUTILITY presentation, pages 6 to 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 and Zalando. 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 Nov. 5, 2018, and RevoluVIP on March 22, 2019. These two verticals realized their first public retail sales on Nov. 7, 2018, and March 22, 2019, respectively, and have continued to generate revenue since the aforementioned 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.

About RevoluPAY

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, and utility bill payments. RevoluPAY is powered by blockchain protocols and is squarely aimed at the worldwide multibillion-dollar leisure sector and plus-$595-billion family remittance market. RevoluPAY is operated by the European wholly owned subsidiary, RevoluPAY SL, located in Barcelona. RevoluPAY SL operates under European E-money -- Directive 2009/110/EC through a licensed electronic money institution or EDE banking licensed entity.

RevoluPAY presentation

RevoluVIP technical and programming updates

As explained to shareholders in the April 9, 2019, news release, RevoluVIP will incorporate a gradual launch. As such, over the past two days, the following enhancements have been introduced:

  • Specific airline searches;
  • Secondary comparison filter of the above defining: flight time, stopovers and 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 is a multiasset, multidivisional publicly traded Canadian company deploying advanced technologies in the on-line travel, vacation resort, mobile app, money remittance, mobile phone top-up, invoice factoring, blockchain system and financial technology (fintech) app sectors. The company's flagship technology is RevoluPAY, the Apple and Android multinational leisure payments and remittance app, powered by blockchain protocols, and aimed at the worldwide plus-$595-billion family remittance market.

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