MPH Ventures Corp

Published : March 22nd, 2016

March 21, 2016Cuba Ventures Completes COB and Acquires 100% of Travelucion Media, Steve Marshall Appointed Director

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March 21, 2016Cuba Ventures Completes COB and Acquires 100% of Travelucion Media, Steve Marshall Appointed Director

Cuba Ventures Completes COB and Acquires 100% of Travelucion Media, Steve Marshall Appointed Director

March 21, 2016

Vancouver, BC - Cuba Ventures Corp. (TSX-V: CUV) (the 'Company') ('Cuba Ventures') (formerly MPH Ventures Corp.) today announces that the Company has received regulatory acceptance for its change of business ('COB') through the acquisition of a 100% interest in Travelucion S.L. ('Travelucion Media'). Shares of the Company will commence trading at the opening Monday morning March 21 under the new symbol CUV on the TSX Venture Exchange.

Travelucion Media, now a wholly owned subsidiary, is a cash-flow positive online travel and digital media marketing company that specializes in travel marketing, electronic reservations and online booking solutions for international visitors to Cuba.

The COB was achieved through the acquisition of the remaining 80% of the shares in Travelucion Media not previously owned by the Company by the issuance of 16,000,000 common shares of Cuba Ventures to Mr. Steve Marshall. 20,000,000 shares held by Mr. Marshall and 536,100 shares held by Company CEO & President Jim Pettit are subject to escrow agreements under the policies of the TSX Venture Exchange.

To reflect its new business the Company has changed its name from MPH Ventures Corp. to Cuba Ventures Corp.

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 ties are improving as the two nations normalize relations and travel restrictions on Americans visiting Cuba continue to relax.

Jim Pettit, President and CEO of Cuba Ventures, stated: 'This is a significant milestone for the Company and its shareholders. Cuba Ventures will commence trading this morning as one of the first and only Cuba-focused publicly traded vehicles in North America offering investors direct exposure to the island. Our team is dedicated to value creation and capitalizing on the growth and unique opportunities present in Cuba. Our acquisition of Travelucion Media marks our initial entry into Cuba and its largest industry, the tourism industry.'

Furthermore, Cuba Ventures announces that Steve Marshall, the Founder and President of Travelucion Media, has been appointed a Director of the Company.

'Taking Travelucion Media public is the pinnacle of my life's work. Building an online travel and media company focused on Cuba has required years of hard work and relationship building on the island,' Steve Marshall stated. 'Two decades later with President Obama arriving today in Cuba, the first sitting U.S. President to visit Cuba in almost 90 years, my vision seems to be coming to fruition. These past 15 months have been exciting times at Travelucion Media with rapidly increasing travel-related revenues as well as a surge in American web visitors to our 432 websites, clearly exemplifying the unwavering passion the American people have to discover more about Cuba, a place I called home for 11 years'.

Mr. Marshall continues: 'Sharing my long-term enthusiasm for Cuba, the management and team at Cuba Ventures Corp. are a pleasure to work with and, in my new role as Company Director, I look forward to many years of ongoing commitment to furthering our common goals. Our shareholders can expect great things from our newly combined team over the coming months and years as we channel our burgeoning internet traffic towards additional Cuban commercial ventures and opportunities, while continuing to capitalize on the growing, multi-billion dollar Cuban tourism industry. Cuba Ventures plans to focus on the emerging, yet underserved, American tourist market to Cuba. It has become clear that more and more Americans wish to visit the island under the current 12 U.S. exemptions and the new people-to-people educational visit criteria just instituted by the Obama administration on March 14.'

Mr. Marshall remains the President and CEO of Travelucion Media, now a wholly owned subsidiary of Cuba Ventures. He is a trilingual entrepreneur specializing in international marketing and deal brokering. Steve 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. Steve'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. Steve was a special advisor to a number of Cuban corporations spearheading their entrance into the new economy and providing support and investment in a range of commercial sectors. He is knowledgeable concerning the idiosyncrasies of dealing with the Cuban Government and Cuba's foreign investment laws.

Cuba Ventures has received final TSX Venture Exchange acceptance for its private placement financing, see news release March 10.

Early Warning Report

Steve Marshall announces that he has acquired beneficial ownership of 16,000,000 common shares (the 'Shares') in the capital of Cuba Ventures Corp. Mr. Marshall beneficially owns a total of 21,000,000 common shares of Cuba Ventures and warrants to purchase an aggregate of 1,000,000 common shares of Cuba Ventures, which represent 34.16% of Cuba Ventures issued and outstanding common shares on a non-diluted basis or 35.79% of Cuba Ventures issued and outstanding common shares calculated on a partially-diluted basis assuming the exercise of the warrants held by Mr. Marshall. Mr. Marshall acquired the Shares for investment purposes. He intends to evaluate his investment in Cuba Ventures and to increase or decrease his beneficial shareholdings from time to time as he may determine appropriate for investment purposes. A copy of the early warning report filed on SEDAR by Mr. Marshall may be obtained by contacting Mr. Jim Pettit, a director of Cuba Ventures at (604) 687-3376.

About Cuba Ventures Corp.:

Cuba Ventures Corp. has acquired Travelucion Media, now a wholly owned subsidiary of the Company. Travelucion Media is a cash-flow positive online travel and 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 its 432 websites, which collectively generate over 30 million page-views per year and direct traffic to the main Travelucion booking sites including www.Havanatur.com.

For further information on Cuba Ventures Corp. (TSX-V: CUV) or Travelucion Media visit the companies' websites at www.cubaventures.com or www.travelucion.com.

Cuba Ventures Corp. has approx. 61.5 million shares issued and outstanding.

CUBA VENTURES CORP.

« Jim Pettit »

______________________________
JAMES G. PETTIT
President & CEO

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: [email protected]

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.

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MPH Ventures Corp

EXPLORATION STAGE
CODE : MPS.V
ISIN : CA6247331011
CUSIP : 624733 10 1
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MPH Ventures is a silver and gold exploration company based in Canada.

Its main exploration properties are QUARTZ PROPERTY, BIG MAC PROPERTY, HEYSON, PIDGEON MOLYBDENUM DEPOSIT and RANEY TOWNSHIP in Canada.

MPH Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.2 millions as of today (US$ 1.7 millions, € 1.5 millions).

Its stock quote reached its highest recent level on November 10, 2006 at CA$ 5.30, and its lowest recent point on August 14, 2015 at CA$ 0.04.

MPH Ventures has 33 310 002 shares outstanding.

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Annual reports of MPH Ventures Corp
2008 annual Report
Annual Report 2007
Financings of MPH Ventures Corp
3/27/2015Cancels Private Placement
9/23/2009Arranges Private Placement
2/12/2009Private Placement Announced
Nominations of MPH Ventures Corp
2/24/2015Appoints Steve Marshall to Cuban Investment Advisory Board
8/27/2013Adopts An Advance Notice Policy for Election of Directors
Project news of MPH Ventures Corp
8/15/2013issues shares to Acquire the North Albany Graphite Property ...
8/1/2013(TSX-V: MPS) MPH Ventures Acquires Graphite Property Adjacen...
2/9/2011Options Gould Gold Property to Prodigy Gold Inc. in Ontario
10/21/2009(Raney Township)Diamond Drilling Underway at Raney Gold Project, Timmins, NE...
9/22/2009(Raney Township)Drilling Plans for Raney Gold Project, Timmins, NE Ontario
8/31/2009Updated NI 43-101 Resource Calculation to be Completed on Mo...
7/20/2009(Raney Township)6.5 g/t Au over 8.0 metres on Raney Gold Project, NE Ontario
7/22/2008(Pidgeon Molybdenum Deposit)Phase 2 Drilling Continues to Significantly Expand Molybdenu...
6/2/2008(Pidgeon Molybdenum Deposit)' Phase 2 Drilling Commences on Pidgeon Molybdenum Deposit i...
2/28/2008(Pidgeon Molybdenum Deposit)1st Phase Drilling Completed at High-Grade Pidgeon Molybdenu...
2/7/2008(Pidgeon Molybdenum Deposit)Drilling Continues to Intercept High-Grade Mo at Pidgeon Mol...
1/21/2008(Pidgeon Molybdenum Deposit)Significant Drill Results on Molybdenum Deposit in NW Ontari...
1/9/2008(Pidgeon Molybdenum Deposit)Drilling Resumes on Pidgeon Molybdenum Deposit Project, NW O...
12/27/2007(Pidgeon Molybdenum Deposit)2007 Drilling Completed on Pidgeon Molybdenum Deposit Projec...
Corporate news of MPH Ventures Corp
6/23/2016May 31, 2016Cuba Ventures’ Announces Partnership with Mercos...
6/8/2016May 9, 2016Cuba Ventures’ Steve Marshall Invited to be on Ke...
6/7/2016Video-PowerPoint Presentation for Cuba Ventures Corp.
5/9/2016April 29, 2016Cuba Ventures Written Up in the Financial Post...
4/29/2016April 8, 2016Cuba Ventures Grants Incentive Stock Options
4/8/2016March 31, 2016Cuba Ventures Adding Over 4,000 Cuban Private ...
3/31/2016March 29, 2016Cuba Ventures Discusses Significance of U.S. P...
3/29/2016March 22, 2016Cuba Ventures Appoints Two New Advisors to Cub...
3/22/2016March 21, 2016Cuba Ventures Completes COB and Acquires 100% ...
3/21/2016March 18, 2016MPH Ventures Completes Acquisition of Traveluc...
3/21/2016March 10, 2016MPH Ventures Update to Proposed Change of Busi...
2/2/2016MPH Ventures to Change Name to Cuba Ventures Corp., Announce...
2/1/2016IIROC Trading Halt - MPS
1/13/2016MPH Ventures Reviews 2015 Highlights and Corporate Plans for...
12/18/2015MPH Ventures' Travelucion Signs Exclusive Contract to Market...
12/18/2015MPH Ventures’ Travelucion Signs Exclusive Contract to Market...
12/3/2015Video-Corporate Presentation for MPH Ventures Corp.
11/3/2015Video-Corporate Presentation for MPH Ventures Corp.
10/20/2015MPH Ventures Completes Acquisition of 20% Interest in Travel...
10/5/2015MPH Ventures Closes First Tranche of Non-Brokered Private Pl...
10/2/2015Video-Corporate Presentation for MPH Ventures Corp.
9/30/2015MPH Ventures Increases Non-Brokered Private Placement to $90...
9/21/2015MPH Ventures Increases Non-Brokered Private Placement to $80...
9/16/2015Video-Corporate Presentation for MPH Ventures Corp.
9/16/2015MPH Ventures' Travelucion Acquires Equity in Havana Based Tr...
8/6/2015Video-Travelucion Web Properties for MPH Ventures Corp.
7/8/2015MPH Ventures Signs Definitive Agreement to Acquire Interest ...
3/27/2015MPH Ventures Cancels Private Placement
2/24/2015MPH Ventures to Evaluate Potential Investments in Cuba, Non-...
2/24/2015MPH Ventures Appoints Steve Marshall to Cuban Investment Adv...
2/24/2015MPH Ventures Appoints Steve Marshall to Cuban Investment Adv...
2/18/2015MPH Ventures to Evaluate Potential Investments in Cuba, Non-...
2/18/2015MPH Ventures to Evaluate Potential Investments in Cuba, Non-...
2/18/2015MPH Ventures to Evaluate Potential Investments in Cuba, Non-...
12/22/2014MPH Ventures Grants Incentive Stock Options
12/22/2014MPH Ventures Grants Incentive Stock Options
10/24/2014Annual General Meeting Held -- Directors Re-elected
10/24/2014MPH Ventures Corp.: Annual General Meeting Held-Directors Re...
8/7/2014MPH Ventures Closes Private Placement
6/23/2014MPH Ventures Announces New Private Placement
5/8/2014MPH Ventures to Consolidate Shares 1 for 10, Private Placeme...
5/8/2014MPH Ventures Corp. : MPH Ventures to Consolidate Shares 1 fo...
7/31/2013Acquires the North Albany Graphite Property Adjacent to Zeny...
4/18/2013Completes Sale of Gould Property to Prodigy Gold Inc.
9/13/2012Files Updated NI 43-101 Resource Estimate on Pidgeon Molybde...
3/10/2011Announces Share Purchase Warrants Extended
2/23/2011Announces Share Purchase Warrants to Be Extended
10/29/2009Video Interview with President Jim Pettit
6/24/2009Exploration Update on Northeastern Ontario Gold Projects
6/11/2009Structure Extended with Reporting of Latest Assays on Raney ...
6/6/2009Based on Preliminary Drilling MPH Expands the Raney Gold Pro...
12/12/2008Additional 11% in Red Lake Gold Property Acquired, NW Ontari...
9/29/200823 Metres of .38% Mo & 29 Metres of .18% Mo Drilled @ Surfac...
6/19/2008Significantly Extends Length of Pidgeon Molybdenum Deposit i...
4/28/2008Phase 2 Drilling to Begin on Pidgeon Molybdenum Deposit in N...
3/26/2008Significant Strike Extensions at Pidgeon Molybdenum Deposit ...
11/27/2007Confirmation Drilling Begins on Moly Deposit, NW Ontario
11/21/2007Expands Pidgeon Molybdenum Deposit, NW Ontario
11/7/2007Purchase from BHP Billiton and Goldcorp of Pidgeon Molybdenu...
11/2/2007KTTM Geophysics to Conduct Survey on M-10 Concession, Ecuado...
11/1/2007Purchase of Pidgeon Molydenum Mines Shares from Rio Algom & ...
10/18/2007Offer Made to Remaining Minority Shareholders of Pidgeon Mol...
10/17/2007Rio Algom and Goldcorp Agreement to Acquire Pidgeon Molybden...
9/7/2007President Comments on Moly Deposit Acqusition From BHP & Gol...
8/29/2007Acquires Molybdenum Deposit from Rio Algom and Goldcorp
7/11/2007s Ongoing Exploration in Ecuador
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