Caribbean Basin Investment Growth Opportunity
The Caribbean Basin consists of many affluent countries with budding economies. A major catalyst for the immediate region was when in December 2014; President Obama announced the U.S. would normalize relations with Cuba, potentially injecting billions of dollars into the region’s economy. Following this, in March 2016, Obama became the first sitting U.S. President in almost 90 years to visit Cuba, a truly historic moment.
Some of these changes include:
- Relaxation of travel restrictions for qualified U.S. citizens
- Over 110 U.S. commercials flights a day to Cuba, up from 20 chartered flights
- Reestablished direct mail services between the countries
- Traveling U.S. citizens allowed to import $400 of Cuban goods
- Direct banking & U.S. debit and credit cards permitted
- Relaxation of restrictions for U.S. telecoms and shipping to Cuba
- Increased focus upon Cuban entrepreneurs and their nascent businesses
The Caribbean Basin, with Cuba as a geographical hub, promises to benefit exponentially from increased trade between the United States and member countries. CUV Ventures Corp maintains a division, focused upon this region, called Cuba Ventures. This division, with a similar focus to the United States Nasdaq listed Herzfeld Fund, is comprised of numerous revenue generating assets, neither domiciled, nor government controlled or associated, with Cuba. These assets include; a wholly owned subsidiary Travelucion Media, a duly licensed and bonded online travel company, Amadeus GDS affiliated, digital & print media powerhouse that specializes in travel marketing, electronic reservations and online booking solutions. Also, 432 websites in up to 5 languages, generating approx +35 million page views, 89 partner third-party, Travelucion powered, white label Caribbean country websites and, Florida, USA based, Third Circle Publishing LLC, publisher of the esteemed and U.S circulated print and digital magazine Cuba Trade Magazine. Through this magazine, CUV Ventures Corp now controls both print and digital media assets, reaching 10s of millions of consumers globally, a significant holding in the eventuality that U.S – Cuba relations fully normalize. Further assets, CubaFinTech focused upon the $3 billion factoring and FinTech sector, Revolupay aimed at the $18.6 billion Caribbean remittance industry and, an international corporate consulting division for Cuba’s $86 Billion annual economy. Finally, the division has equity in the Florida Based, licensed and bonded, Travel Agency IBTO, focused upon legal travel by American Citizens to the region and Cuba.
All of these assets could make CUV Ventures an impressive takeover target, if relations between the United States and Cuba normalize fully in the near future.