Bli medlem
Bli medlem

Du är här


MPH Ventures Corp.: MPH Ventures Reviews 2015 Highlights and Corporate Plans for 2016

Vancouver, BC - MPH Ventures Corp. (TSX-V:MPS)
(OTCBB:MPSFF) (Frankfurt:IJA2) (the "Company") is pleased to provide an update
to shareholders with a year-end review of the Company's activities in 2015
and as well as providing guidance on its plans for 2016. MPH Ventures had a
transformative 2015 starting back in February when the Company announced that
with the most significant shift in American policy towards Cuba in over fifty
years management set out to evaluate potential investments in Cuba.

Jim Pettit, President and CEO of MPH Ventures, stated: "Travel restrictions
that make it difficult for most Americans to visit the Caribbean island
remain in place but new rules put in place by President Obama has made it
much easier for permitted Americans to visit Cuba than it has been for the
last half-century. We believe there is a great opportunity in buying a
profitable company already doing business focused on Cuba, growing the
existing Cuban travel business and website platform, positioning the company
for more success when the U.S. lifts the tourist travel restrictions and
ultimately the embargo, and capturing a share of the huge potential increase
in interest and tourism to Cuba over the coming years. Tourism to Cuba is
multi-billion dollar industry and is growing rapidly with American visitors
already up 36% since Obama's announcement a year ago. MPH as a Canadian
company is uniquely positioned to tap into a multi-billion dollar industry
poised for significant growth as more Americans travel to Cuba yet American
travel companies are prohibited from operating in Cuba and servicing this
market until the embargo is lifted."

MPH started the year by announcing the appointment of Mr. Steve Marshall to
its Cuban Investment Advisory Board. Mr. Marshall spent 11 years in Cuba
specializing in Cuban joint ventures and successfully founded a number of
companies. He 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. 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 will be an integral part to the
Company's success going forward.

In July of 2015, MPH announced that it had signed a Definitive Agreement with
the shareholder (Steve Marshall) of Travelucion S.L. pursuant to which the
Company would acquire a 20% interest in Travelucion S.L. in exchange for 4
million common shares of MPH Ventures and $100,000 in cash with an option to
acquire the remaining 80% interest.

Travelucion is a cash flow positive online travel digital media company that
specializes in travel marketing, electronic reservation and online booking
solutions for international visitors to Cuba. It owns one of the most
significant portfolios of Cuba focused web properties and domains that have
been promoting Cuba and offering online travel services to the Caribbean
nation since 1995. Travelucion's revenues have been increasing in the wake of
the notable shift in American policy towards Cuba as diplomatic relations
between the two nations normalize and with travel restrictions on Americans
visiting Cuba expected to gradually relax. Online booking is one of the
fastest growing sectors in the travel industry and Travelucion is poised to
take advantage of this rapid growth.

Travelucion also owns 100% of 432 web assets popularizing Cuban Culture,
Music, Celebrities, over sixty major tourist destinations, Golf, Banking and
Commerce which collectively generate over 30 million page-views per year.
Through legacy agreements with Cuba's largest travel companies, Travelucion's
emblematic e-commerce brands like, Cuba VIP and GoCuba provide
the company with access to a broader and more diverse portfolio of national
travel and tourism packages in Cuba than any other travel provider.
Travelucion is also uniquely established to handle the travel requirements of
qualified U.S. travelers to Cuba. This allows permitted U.S. travelers, in
addition to non-U.S. travelers, the ability to indulge in high end hotel and
spa accommodations or create uniquely Cuban travel packages with exclusive
private home rentals, exotic/antique car services and access to a multitude
of exhilarating guided or self-discovery tours across Cuba.

In September, following up on the initial proposed acquisition news release,
MPH Ventures announced Travelucion had acquired an equity interest in a Cuban
travel supplier that recently opened an office in Havana. This strategic
acquisition further fortified the strength of Travelucion in the heart of
Cuba's travel sector, complementing its online travel digital media division.
A new and larger joint office was inaugurated in the trendy Miramar district
of Havana in October. Due to the renewed international interest in Cuba,
Travelucion is seeking to further acquire equity in its long standing service
partners in an effort to vertically integrate the company and to streamline
joint back office and booking mechanisms using Travelucion's proprietary Cuba
centric booking platform and software.

Just last month, MPH Ventures announced Travelucion had signed an exclusive
contract to begin international commercialization and marketing of Cuban
medical treatments across its 432 Cuban related websites. The combination of
low cost of treatment and excellent post-operative rehabilitation centres
makes Cuba an ideal destination for medical tourism. The National Health
System of Cuba, along with its doctors and surgeons, are world renowned as is
Cuba's medical research.

Rising healthcare costs in developed countries like Canada, America and
European Nations, coupled with the availability of high quality medical
services at lower prices in developing nations like Cuba has led to an
expansion of the medical tourism industry.Transparency Market Research(TMR),
a market intelligence and research firm, has published a market study on the
global medical tourism market, estimating the total value of the global
medical tourism market by 2019 to be US $32.5 billion. Travelucion estimates
that Cuba's nascent medical tourism sector could treat tens of thousands of
patients each year generating tens of millions in health care sales, plus the
additional sales related to extended stays, rehabilitation and vacation time
for patients.

This contract is a significant development as it positions MPH's Travelucion
within this rapidly growing industry in addition to expanding and
diversifying the current business as an online travel and digital media
company specializing in travel marketing, electronic reservations and online
booking solutions for international visitors to Cuba. As per the contract,
Travelucion will be paid a 10% commission on all medical procedures and
treatments booked through its websites with procedures ranging in price from
a few hundred dollars up to US +$50,000. To create a flagship website in
conjunction with this contract, MPH's Travelucion will completely overhaul
one of its existing medical tourism websites

2016 Guidance and Corporate Plans:

MPH Ventures and Travelucion are gearing up for another busy, transformative
year in 2016 with numerous catalysts on the horizon. MPH expects to exercise
its option to purchase the remaining 80% interest for a total of 100% in
Travelucion sometime in the first half of 2016 through the issuance of 16
million common shares of the Company. MPH's management continues to work
diligently to prepare for the ultimate change of business that is expected to
take place upon acquiring the rest of Travelucion and is subject to TSX

MPH's management sees an opportunity for its shareholders in acquiring a
successful company that has been servicing international visitors to Cuba for
over 15 years by modernizing and updating Travelucion's main booking sites
and its Cuban related sites, and leveraging the over 30 million page-views
per year these sites generate to drive revenue growth. There will be
additional significant upside when the U.S. lifts the tourism travel ban on
Cuba and also when the embargo is lifted.

Travelucion has seen an over 300% increase in gross booking sales in 2015 as a
private company. MPH's management believes by taking Travelucion public this
year in Canada and with some strategic capital expenditures over the next few
years, revenues and earnings will grow further by:

* Tapping into the burgeoning, yet underserviced, U.S. travel market to Cuba
as well as the already significant Canadian travel market to Cuba (the
majority of Travelucion's clientele are currently European and
Central/South American)
* Updating and modernizing the 432 Cuban related web sites to increase and
monetize traffic to the main booking sites/platform
* Hiring a sales team and enhancing the corporate profile through physical
and on-line marketing
* Joining up with the major GDS central booking systems
* Continue to build on its private home (Casa Particulars) rental listings;
Travelucion has been adding new listings to its platform and is looking to
use a model similar to AirBNB
* Further relaxation of the U.S. travel restrictions to Cuba

Management also believes a number of U.S. based travel companies, currently
restricted from doing business in and with Cuba, could possibly be interested
in acquiring Travelucion once the trade embargo is lifted.

Implementation of the aforementioned revenue drivers and profit centres will
be rolled out over the next twelve months to grow the business and create
shareholder value. All in all, MPH is one of few opportunities currently out
there for investors, including Americans, to gain investment exposure in a
publicly listed Canadian company to the island of Cuba in an environment of
thawing diplomatic relations between it and the U.S. Initially the business
will be focused in the high-growth sectors of online travel and digital media
but management expects other opportunities to arise in other sectors and
industries going forward as well.

About MPH Ventures Corp.:

MPH Ventures has acquired of a 20% interest in Travelucion S.L., an online
travel digital media company, with an option for a period of eight months, to
acquire the remaining 80% interest subject to shareholder and TSX Venture
Exchange approval. Travelucion is a cash-flow positive online travel digital
media company that specializes in travel marketing, electronic reservations
and online booking solutions for international visitors to Cuba. Travelucion
owns one of the most significant portfolios of Cuban focused web assets,
through 432 sites, which collectively generate over 30 million page-views per
year and direct traffic to the main ...

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.