VANCOUVER, British Columbia, Nov. 01, 2019 (GLOBE NEWSWIRE) — CUV Ventures Corp. (TSX-V: CUV) (“the Company”) is pleased to announce that the TSX Venture Exchange (the “TSX-V”) has conditionally approved the change of name of the Corporation to RevoluGROUP Canada Inc. The name change was approved unanimously by the board of directors. The Corporation expects the name change to become effective at the opening of markets on the 11th November 2019.
The Corporation will trade under the new symbol “REVO” on the TSX-V.
The Corporation’s new website will be RevoluGROUP.com. The Corporation’s new CUSIP number will be 76156R102, and the new ISIN number is CA76156R1029. There is no change in the share capital of the Corporation, and shareholders are not required to exchange their existing share certificates for new certificates.
The Company Incorporates RevoluGROUP USA Inc.
The company has incorporated its 5th wholly owned subsidiary in Florida, USA. The subsidiary has taken office space in the Brickell Financial District, Miami, FL. RevoluGROUP USA Inc. is responsible for the representation of all the company’s revenue verticals in the world’s largest consumer market. Due to the importance of the US market for the company, the activities of the US based subsidiary are paramount. RevoluGROUP USA Inc handles simultaneous roll-out of the company’s verticals, along with US based customer support for American citizens using the company’s platforms. RevoluGROUP USA Inc. is also actively seeking a money remitter license to compliment the analogous European license currently empowering the RevoluPAY App and payment platform. Essentially, RevoluGROUP USA Inc ensures local support, US corporate relationships and, US market penetration of: RevoluVIP, RevoluCHARGE, RevolUTILITY, RevoluREALTY, RevoluFIN Inc, RevoluMED RevoluEGAME, RevoluESPORTS and, all future company revenue verticals.
The company files RevoluGROUP and Corporate Logo trademarks
The company has filed for trademark protection of RevoluGROUP and, the corresponding corporate logo.
RevoluESPORTS Development Commences
The company has begun development of its upcoming revenue vertical RevoluESPORTS. RevoluESPORTS will leverage the RevoluPAY® proprietary Apple and Android multinational payment App in the rapidly expanding ESPORTS arena. Global esports revenues will hit $1.1 billion in 2019, up 27 percent since last year amid ballooning revenues from: game credits, advertising, sponsorship and media rights to competitive video gaming competition sports via mobile and console video games. Esports tournaments are a significant factor in the video game industry and, the company will gear RevoluPAY toward this professional esports subculture. As with all revenue verticals, the company’s banking authorized proprietary RevoluPAY® App will hold center stage as the only method by which Esports enthusiasts and players can interact financially with RevoluESPORTS. RevoluESPORTS public launch is expected in early Q2 2020.
RevoluEGAME Software Development Contracted
Company advisor, Mr. Daniel Hernandez, who was intrinsically involved in the successful launch of RevoluCHARGE and RevolUTILITY, will once again be responsible, in conjunction with Bonsoft, for the entire rollout of RevoluEGAME. The company is working in partnership with RAWG for published game content to which RevoluPAY will be the sole payment mechanism. The new revenue vertical will allow the worldwide selection and payment of entire mobile/console based games and in-game play credits, for +3000 of the most popular games worldwide, exclusively through RevoluPAY. The Egaming sector grossed $137.9 Billion USD in 2018. The company expects RevoluEGAME to be operational by December 15th 2019.
Links utilized in this news release
World Bank remittance Date – http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data
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, Real Estate Payments, Mobile phone top-ups, Invoice factoring, Online & Mobile Gaming, Healthcare Payments, Esports, 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 150,382,712 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.