VANCOUVER, British Columbia, April 19, 2016 (GLOBE NEWSWIRE) -- Cuba Ventures Corp. (TSX-V: CUV ) (OTCBB: MPSFF ) (Frankfurt: IJA2 ) (the “Company”) (formerly MPH Ventures Corp.) is pleased to announce that Steve Marshall has been appointed Chief Executive Officer (“CEO”) of the Company.
Mr. Marshall was appointed a director of Cuba Ventures on March 21, 2016. He is the President and original founder of Travelucion Media which is now a wholly owned subsidiary of Cuba Ventures Corp.
Mr. Marshall is a trilingual entrepreneur specializing in international marketing and deal brokering. He spent 11 years in Cuba specializing in Cuban joint ventures and successfully founded a number of companies including the Primeras Inversiones (Havana Free Zone), the first State approved real estate joint venture (CIMEX), the Dimension W-Tech start-up joint venture with the Ministry of Communications, and the first Cuba-centric online marketing company handling over 30 million annual internet visitors with the Ministry of Tourism. Mr. Marshall’s past Cuban ventures have received coverage in the Financial Times, BBC News, CNN, Time Magazine, Washington Post, Chicago Tribune and The Wall Street Journal.
In the late 1990’s and early 2000’s, he was an advisor and consultant to a number of corporations spearheading their entrance into the Cuban economy and providing support and investment in a range of commercial sectors. Mr. Marshall is very knowledgeable concerning the idiosyncrasies of dealing with the Cuban Government and Cuba's foreign investment laws.
Travelucion Media has developed and owns one of the most significant portfolios of Cuban focused web assets with 432 websites collectively generating over 30 million page-views per year, directing traffic to the main Travelucion Media booking and e-commerce sites. 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, food and much more.
Travelucion Media’s revenues have continued to grow quickly in the wake of the notable shift in American policy towards Cuba. Diplomatic relations between the two nations have normalized and travel restrictions on qualified American travel to Cuba continue to relax.
Jim Pettit, the Company’s previous CEO will continue in his role as President and as Chairman of the Board of Cuba Ventures Corp.
About Cuba Ventures Corp.:
Cuba Ventures Corp. through its 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 five languages, which collectively generate over 30 million page-views per year and direct traffic to the main Travelucion booking site www.Havanatur.com .
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. 61.6 million shares issued and outstanding.
CUBA VENTURES CORP.
“Jim 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@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.
