VANCOUVER, British Columbia, July 12, 2019 (GLOBE NEWSWIRE) — CUV Ventures Corp. (TSX-V: CUV) (“the Company”) is pleased to announce an update. Further to the news release dated 2nd July 2019, the company has successfully increased the paid-up share capital of the wholly owned subsidiary RevoluPAY S.L. to 435,000 Euros (approx. CA$ 645,000) on 11th July 2019. Due to the summer holidays across Europe, the company had greater difficulty than expected in obtaining a notary appointment to effect said Central Bank recommended capital increase, however, the task is now completely concluded.
Current PSD2 License Petition Status
The company has now satisfied the aforementioned Central Bank recommendation pertaining to the RevoluPAY S.L subsidiary paid-up capital increase. Subsequently, in an email from Hogan Lovells lead counsel addressed to RevoluPAY S.L CEO, Alfredo Manresa, dated July 11th at 7.20PM CET, Hogan Lovells informed the company that the aforementioned final capital increase is now submitted to the Central Bank and, no additional paperwork is pending submission to the Central Bank. Hogan Lovells lead counsel further affirms that, in their opinion, the today updated submission should tentatively garner a final Central Bank reply between 20-40 days from today.
RevoluREALTY Syndication Partnership with Global Listings
As per the news release dated 2nd July 2019 concerning the upcoming Real Estate payments vertical RevoluREALTY, the company has elected U.S based Global Listings Inc. to power the upcoming platform. GlobalListings.com currently offers real-time property searches covering approximately +2.1 million active real estate listings in roughly 100 different countries. A global property listings Syndication contract was signed on July 9th 2019, between Mr. Marshall, Director of the company’s wholly owned Canadian subsidiary, RevoluVIP International Inc, and CEO of GlobalListings.com, Mr. Michael Gerrity. As previously stated, the company expects RevoluREALTY to be live on 15th August 2019.
Global Listings Inc. Founder and CEO Michael Gerrity said, “We are excited to be working with such an innovative Blockchain-powered fintech payments app like RevoluPAY and, elated to power the upcoming vertical RevoluREALTY. Companies like these, that leverage Blockchain technologies today, are truly building the global real estate industry giants of tomorrow. Given our own company’s significant international property listings database scale, we are glad to have our real estate listings used as anchor content on RevoluREALTY’s new website and payments app launching soon, on a global scale.”
Company CEO Steve Marshall and, Director of the subsidiary RevoluVIP International Inc, commented, “After concluding extensive research, it became obvious to the Company, that GlobalListings.com offers by far the most extensive international real estate listings. Furthermore, the extensive assistance their tech team offers partners is second to none. We are excited to launch our new RevoluREALTY vertical, powered in conjunction with GlobalListings.com and, we expect this new vertical to focus upon higher value financial transactions than those presently handled by our RevoluPAY app”.
RevoluVIP Travel Club New Destination
Shareholders were advised on 2nd July 2019 that ChileVIP would be launched within the coming days. As a result, the in-house IT team were able to successfully launch ChileVIP.com. Chile receives approximately 6.4 Million annual tourists. The Company intends to continue this brisk pace, to roll-out other country destination websites as rapidly as is technically possible.
The company had announced in the news release dated 29th May 2019 that an update concerning RevoluFIN would be provided in the month of June. Notwithstanding, certain unforeseen factors, including the involvement of certain advisors in Panama’s General Election campaign, allied to the recent July 1st change of Presidency, have invariably delayed the company’s best intents to provide shareholders with the promised update. RevoluFIN Inc. Panama and, its local advisors, are elated by the outcome of the election and, the victory of incoming president Laurentino Cortizo.
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, Utility Bill payments, etc. RevoluPAY is powered by blockchain protocols, and, is squarely aimed at the worldwide multi-billion dollar leisure sector and, + $595 billion family remittance market. RevoluPAY® is operated by the European wholly owned subsidiary RevoluPAY S.L located in Barcelona. RevoluPAY S.L operates under European E-money – Directive 2009/110/EC through a licensed electronic money institution or EDE Banking Licensed entity.
Link Sources Utilized In This News Release
GlobalListings.com – https://www.globallistings.com/
Global Listings Property and Country Data – https://www.globallistings.com/property-search
World Bank remittance Data – http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data
Chile annual Tourism – https://santiagotimes.cl/2018/01/10/chile-received-record-number-of-tourists-in-2017/
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, Mobile phone top-ups, Invoice factoring, 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 150,123,337 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.
BLOK Technologies Announces Closing of Non-Brokered Private Placement
VANCOUVER, British Columbia, July 19, 2019 (GLOBE NEWSWIRE) — BLOK Technologies Inc. (“BLOK Tech” or the “Company”) (CSE: BLK) (FRANKFURT: 2AD) is pleased to announce that it has closed a Non-Brokered Private Placement (the “Private Placement”) raising gross proceeds of $500,000 from the issuance and sale of 25,000,000 common shares (“Common Shares”) at a price of $0.02 per Share. No new insiders were created as a result of this Private Placement.
The Private Placement was previously announced on June 26, 2019.
These Common Shares issued under the Private Placement will be subject to a four month and one day resale restriction. Completion of the financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Canadian Securities Exchange (the “CSE”).
The Company intends to use the net proceeds of the Private Placement for evaluating new opportunities as part of its business model and for working capital purposes.
About BLOK Technologies Inc.
BLOK Technologies Inc. is a public company that invests in and develops emerging companies in the blockchain technology sector. The Company’s approach is to provide capital, technology and management expertise to the companies it develops. With core technology being developed for the leading cannabis supply chain integrity network, BLOK Tech continues to grow its business into adjacent industries and emerging technologies. The Company systematically identifies early-stage technologies with potential to disrupt and innovate within their industry and invests the necessary resources to ensure the success of their projects.
For additional information regarding BLOK Technologies and other corporate information, please visit the Company’s website at BLOKTECHINC.COM
ON BEHALF OF THE BOARD OF DIRECTORS
Interim President & CEO, Director
For further information, please contact:
James Hyland, B.Comm.
Interim President & CEO, Director
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.
Pomerantz Law Firm Announces the Filing of a Class Action against Ideanomics, Inc. f/k/a Seven Stars Cloud Group, Inc. f/k/a Wecast Network Inc. and Certain Officers – IDEX
NEW YORK, July 19, 2019 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Ideanomics, Inc. f/k/a Seven Stars Cloud Group, Inc. f/k/a Wecast Network Inc. (“Ideanomics” or the “Company”) (NASDAQ: IDEX) and certain of its officers. The class action, filed in United States District Court, for the Southern District of New York, and indexed under 19-cv-06741, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired Ideanomics securities between May 15, 2017 and November 13, 2018, both dates inclusive (the “Class Period”). Plaintiff asserts claims against Ideanomics and certain of Ideanomics’ officers and directors (collectively, “Defendants”) under the Securities Exchange Act of 1934 (the “Exchange Act”).
If you are a shareholder who purchased Ideanomics securities during the class period, you have until September 17, 2019, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at firstname.lastname@example.org or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Ideanomics purports to operate as a financial technology and asset digitization services company. The Company asserts that its “business model is to become a next-generation [fintech] company, with the intention of offering both traditional financing solutions and digital financing solutions based on the emergence of trading systems that utilize blockchain and artificial intelligence technologies.” Historically, however, Ideanomics’ purported business activities have varied widely and changed with some frequency.
The Complaint alleges that throughout the Class Period, the defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the defendants failed to disclose to investors that: (i) costs associated with building out Ideanomics’ U.S. infrastructure and hiring its new executive team were negatively impacting the Company’s bottom line performance; (ii) as a result, Ideanomics was highly unlikely to meet its 2018 EBITDA guidance; (iii) Ideanomics’ margins in its oil trading and consumer electronics businesses were too low for those businesses to remain viable; and (iv) as a result, Ideanomics’ public statements were materially false and misleading at all relevant times.
On November 14, 2018, the Company issued a press release, filed as an exhibit to a Current Report on Form 8-K with the SEC, announcing the Company’s financial and operating results for the third quarter of 2018 (the “Q3 2018 Press Release”). In the Q3 2018 Press Release, Ideanomics reported that “we intend to phase out our oil trading and consumer electronics businesses, with the intention to fully divest these assets in the near future,” citing “low margins in relation to top line sales.” Ideanomics further reported that “[c]osts associated with building out our U.S. infrastructure and hiring our new executive team have put a strain on our bottom line performance, resulting in our increased net loss for the third quarter of 2018 as compared to the third quarter of 2017,” and that accordingly, “we do not anticipate meeting our EBITDA guidance of $35 million for fiscal year 2018.”
On this news, Ideanomics’ stock price fell $1.59 per share, or 48.77%, to close at $1.67 per share on November 14, 2018, damaging investors.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
Live Game Streaming Markets to 2025 – Evolution of Blockchain-based Streaming Platform Presents Lucrative Opportunities
Dublin, July 19, 2019 (GLOBE NEWSWIRE) — The “Global Live Game Streaming Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025” report has been added to ResearchAndMarkets.com’s offering.
Global live game streaming will grow at a CAGR of over 19% during the forecast period 2019-2025.
The global gaming industry is experiencing a steady growth and is mainly driven by cloud gaming and mobile gaming. With smartphones getting more processing power and 5G network gaining popularity, games are expected to be more interactive and streaming-based. Countries that generated a major part of the revenue in the gaming industry include China, Japan, US, Germany, South Korea, France, Canada, and UK. Also,
Esports is gaining huge attention with the events being telecasted on social media and streaming sites including YouTube and Twitch.
Live Game Streaming market involves streaming video game content via the internet that includes live game play or pre-recorded game plays. Websites that provide live game streaming such as YouTube Gaming and Twitch are called game streaming platforms that provide free view content and paid subscriptions to view premium content. Game streaming platform generates revenue primarily through merchandising, advertisements, and premium account subscriptions.
This report includes revenue generated from game streaming platforms and services only and excludes the revenue generated by companies from any other entertainment media content streaming including TV series, movies, vlogs, reviews, and other related videos.
Live game streaming market will exhibit strong growth during the forecast period mainly due to an increasing number of revenue streams and the growing popularity of Esports and broadcasting of Esports events. Esports market is expected to cross $1 billion by the end of 2019 with major competitions occurring in games like Dota 2, Fortnite, and League of Legend.
Live game streaming vendors are expanding their revenue-generating streams from traditional sources such as advertisement, subscriptions, sales of badges, and contributions to innovative and unexplored territories including betting that can help the vendors to gain more margin in the gaming market.
Based on the geography
North America is the leading revenue generator in the live game streaming market with a major share of the market contributed by the US. A major player in the market, Twitch quotes that More than 20% of Twitch’s total traffic is generated from US. APAC is one of the fastest-growing markets in the live game streaming market with major growth being witnessed in China, South Korea, Taiwan, and Japan.
Based on offering
The global live game streaming market is segmented into a game streaming platform, hardware, and game streaming services. Game streaming platform comprises of revenue generated primarily from advertisements and premium account subscriptions. The services market is mostly constituted by revenue generated through subscriptions and game purchases. Since live game streaming services is in its early stages, the share of the game streaming platform is higher than game streaming services.
Based on solutions
Live game streaming market is segmented into web-based and app-based solutions. The revenue generated from web-based was higher in 2019 and is mainly due to many streaming providers focusing on streaming via web browsers. However, with more mobile games gaining popularity in the streaming, app-based streaming is expected to gain more market share in the forecast period.
Based on revenue model the market is segmented into subscription-supported game streaming and ad-supported game streaming. Subscription game streaming is expected to account for a major share of the market in 2019.
Live game streaming market is primarily dominated by major tech companies including Amazon, Alphabet, Microsoft, Sony, and Nvidia. However, there are some domestic players especially in APAC which offer live game streaming platforms and have gained a huge number of streamers and subscribers in a short span of time.
The aim of this report is to define, analyze, and forecast the live game streaming market on the basis of segments, which includes offering, solutions, revenue model and region. In addition, live game streaming market report helps venture capitalists in understanding the companies better and make well-informed decisions and is primarily designed to provide the company’s executives with strategically substantial competitor information, data analysis, and insights about the market, development, and implementation of an effective marketing plan.
Key Topics Covered
1 Executive Summary
2 Industry Outlook
2.1 Industry Snapshot
2.1.1 Industry Trends
3 Market Snapshot
3.1 Segmented Addressable Market
3.1.1 PEST Analysis
3.1.2 Porter’s Five Force Analysis
3.2 Related Markets
4 Market Characteristics
4.1 Market Ecosystem
4.2 Market Segmentation
4.3 Market Dynamics
22.214.171.124 Growth in gamer viewership attributing to broadcasting Esports
126.96.36.199 Need for a streamlined financial model in game streaming industry
188.8.131.52 Evolution of blockchain-based streaming platform
4.3.4 DRO – Impact Analysis
5 Global Live Game Streaming Market, By Offering
6 Global Live Game Streaming Market, By Solutions
7 Global Live Game Streaming Market, By Revenue Model
8 Global Live Game Streaming Market, By Region
9 Competitive Landscape
9.1 Competitor Analysis
9.3 Market Developments
9.3.1 Mergers & Acquisitions (M&A)
9.3.3 Business Restructuring
10 Vendor Profiles
- Bigo Technology
- Major League Gaming (MLG)
- Parsec Cloud
- Vortex Cloud Gaming
For more information about this report visit https://www.researchandmarkets.com/r/t7prf9
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Broadcast
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