Vancouver, BC, Canada, Feb. 24, 2015 (GLOBE NEWSWIRE) -- MPH Ventures Corp. (TSX-V: MPS) (OTCBB: MPSFF) (Frankfurt: IJA2) (the "Company") announces a second appointment to the Company's newly formed Cuban Investment Advisory Board. With the most significant shift in American policy towards Cuba in over fifty years, MPH Ventures intends to evaluate potential investments in Cuba.
MPH Ventures is pleased to announce the appointment of Mr. Steve Marshall to the Company's Cuban Investment Advisory Board.
Steve Marshall is a trilingual entrepreneur specializing in international marketing and deal brokering. He has successfully adapted to varied world markets throughout his career directing marketing campaigns in Spain, France, Russia, Moldova, Ukraine and Cuba including a multinational timeshare company and a multilevel digital marketing corporation.
Mr. Marshall spent 11 years in Cuba specializing in Cuban joint ventures and successfully founded a number of companies including;
- Primeras Inversiones - Havana Free Zone
- First State approved Real Estate joint venture - CIMEX
- Condo Sales Havana - CIMEX
- Dimension W-Tech Start-Up Joint Venture with the Ministry of Communications
- First Cuba-Centric Online marketing company handling over 30 million annual internet visitors with the Ministry of Tourism
Mr. Marshall 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 Marshall'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.
Mr. Marshall also found time to concentrate on his philanthropic initiatives including refitting of the Pinar del Rio General hospital with over $800,000 in second hand medical equipment and importing containers of children's toys for the pediatric cancer unit at the Havana William Soler Hospital in Cuba.
At this time, MPH Ventures has not concluded any transactions in Cuba nor is there any assurance that a suitable investment in a Cuban project will be concluded in the future. Any transaction, which may include a change in business, will require regulatory approval.
On February 18th, MPH Ventures announced a non-brokered private placement of up to 10,000,000 units (the "Unit") at a price of $0.05 per unit to raise proceeds of up to $500,000. Each Unit consists of one common share and one non-transferable share purchase warrant (the "Warrant"). Each Warrant will entitle the holder to purchase one common share for a period of five years at a price of $0.075 per share. The Company intends to utilize the proceeds from this private placement for investment investigation and for general working capital purposes.
A finder's fee of up to 7% cash and 7% non-transferable warrants (the "Finder's Warrants") may be paid in connection with part of this private placement. Each Finder's Warrant will entitle the finder to purchase a common share at a price of $0.075 per share for a period of five years from the closing date of the private placement.
The private placement is subject to TSX Venture Exchange acceptance.
About MPH Ventures Corp.:
MPH Ventures Corp. currently has 14.1 million shares issued and outstanding.
MPH VENTURES CORP.
James G. Pettit
For further information contact myself or:
MPH Ventures Corp.
Toll Free: 800-567-8181
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS 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.
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
TSX Venture Exchange Symbol: MPS
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
Source:MPH Ventures Corp.