In a recent update, the company talked about where they are with the project in an update to shareholders that included a year-end review of the Company`s activities in 2015, as well as providing guidance on its plans for 2016.
Jim Pettit, President and CEO of MPH Ventures (OTCBB: MPSFF), 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."
Keep in mind these are lower valuation thinly traded shares with lower liquidity. They undoubtedly will spend time in 2016 telling the story, but the metrics need to come out in revenue in 2016, and I believe this deal is structured whereas (to buy the remaining 80%) the company needs to start performing on the revenue side of the balance sheet. This will certainly bring liquidity and share price appreciation and in turn a higher valuation than the current.
Travelucion owns Cuban focused web assets, through 432 sites, which collectively generate over 30 million page-views per year and direct traffic to the main Travelucion booking site. These web properties have been promoting
For the moment, it is with great pleasure that I get to learn about Canadian companies, and it is a quick easy trip from our
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