MPH Ventures to Change Name to Cuba Ventures Corp., Announces Proposed Change of Business, Planned Financing - Seite 2

On February 01, 2016, MPH Ventures gave notice to Travelucion S.L. of its intention to exercise its option to acquire the remaining 80% of the shares of Travelucion S.L..

The acquisition is subject to TSX Venture Exchange acceptance.

The Business

The COB is through the acquisition of the remaining 80% of the shares of Travelucion S.L. not currently owned by MPH Ventures.

Travelucion 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 has now normalized and with travel restrictions on Americans visiting Cuba starting to gradually relax. Travel restrictions that make it difficult for most Americans to visit the Caribbean island remain in place but new rules put in place by U.S. President Obama has made it much easier for permitted Americans to visit Cuba than it has been for the last half-century.

Travelucion owns 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 Havanatur.com, 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 book online hotel and spa accommodations or create Cuban travel packages with exclusive private home rentals, exotic/antique car services and access to a multitude of guided or self-discovery tours across Cuba.

Travelucion's unaudited financials for the 12 month period from January 1^st to December 31^st, 2014 show a net income of CDN $6,177.00 on sales net of cancellations and reductions of CDN $672,116.00. Travelucion's unaudited financials for the 9 month period January 1^st to September 30^th, 2015 show a net income of CDN $60,311.00 on sales net of cancellations and reductions of CDN $1,071,833.00. Of particular note is the rapid growth in the net sales numbers over the last few years. This growth in travel booking sales has continued for the last quarter of 2015 as well as for January of 2016.