RevoluGROUP Canada Inc. signs a purchase agreement to acquire the VIP collection, 182 domain names operated by the RevoluVIP Travel Club

RevoluGROUP Canada Inc.

Vancouver, BC, June 21, 2022 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the “Company”) is pleased to announce that it successfully negotiated and signed a purchase agreement on June 20e with insider, Stephen Marshall, for the “VIP Collection”, the collection of 182 domain names, active websites, legacy internet traffic and goodwill. This unique collection of domain names and websites, active on average for over 20 years, is the backbone of the Company’s business. RevoluVIP vertical displacement. Today’s agreement is a significant shareholder benefit, ending the annual lease agreement, which began on October 5, 2018. Similarly, reduce annual cash expenses by $101,340 (approximately C$131,674). The acquisition of these valuable domain assets will ensure the continuity of RevoluVIP Travel Club, increasing the underlying valuation and company assets by owning the entire platform as the industry begins to recover after the pandemic.

Agreement Terms

The company’s CEO, Steve Marshall, is an arm’s length party to the transaction as he is a director and beneficial owner of the domain name assets. The Company agreed to pay 514,446 CAD (five hundred and fourteen thousand four hundred and forty-six Canadian dollars), or approximately 396,123 USD, for the entire portfolio of previously leased VIP Collection domains. The Company wishes to settle the purchase price by allocating and issuing 2,236,721 common shares of the capital stock at a closing price of C$0.23 on June 20e2022. The transaction is subject to the approval of the TSX Venture Exchange.

About the VIP Collection

The VIP Collection is a unique collection of domain name properties worldwide, most of them online for over two decades, comprising 106 countries, 27 specific high-traffic tourist destinations and seven generic websites. It further incorporates 42 similar domain names to protect the integrity of the collection against competing registrations. With important names, such as; AmericaVIP.com, HawaiiVIP.comand CanadaVIP.comthe Company believes that the vast global market RevoluVIP travel club could prove to be an important asset by owning the collection of domain names, in addition to the reservation platform and the intellectual property that the Company already holds in full ownership. The Company is not aware of any global online travel retail network of comparable size and reputation. Shareholders can consult the entire VIP Collection on pages 15 to 30 of VIP presentation.

Central Bank Cryptocurrency Trading Record

According to the press release dated 24e May 2022, the Company responded concisely to the additional request of the Central Bank of March 25 concerning two (2) additional points. An external legal adviser contacted the Central Bank on 18e May 2022 for a progress report. The 17the of June 2022, the Central Bank responded, within the legal deadline, requesting additional clarifications on several additional aspects. The Company intends to respond quickly to this new request and will inform the shareholders. Upon obtaining the said Central Bank approval, the company plans to rapidly launch its white-labeled RevoluEX optimized platform for DCE (Digital Currency Exchanges) partners, according to the press release dated 14e December 2020.

Aabout RevoluPAY®

The Company’s flagship Neobanking technology is RevoluPAY®, the Apple and android multinational payment app. Entirely designed in-house, RevoluPAY features proprietary, industry-specific technology, the resulting source code of which is the intellectual property of the Company. RevoluPAY’s built-in features include Wire Transfer Payments, Forex, Crypto-Fiat Exchange, Retail and Hospitality Payments, Real Estate Payments, Pay Per View Phone Recharges, Gift Cards and Online Credits , utility bill payments, leisure payments, travel payments, etc. RevoluPAY uses blockchain protocols and directly targets the multi-billion+ global Open Banking industry $595 billion family remittances market. RevoluPAY® is operated by the 100% European subsidiary RevoluPAY EP SL located in Barcelona. RevoluPAY is a license United States ESM, Canadian FINTRACand European payment institution PSD2 6900 under the auspices of European Directive 2015/2366 with EU passport. RevoluGROUP Canada Inc. controls five wholly owned subsidiaries on four continents.

About RevoluGROUP Canada Inc.:

RevoluGROUP Canada Inc. is a publicly traded, multi-asset, multi-divisional Canadian company that deploys cutting-edge technologies in; Banking Sectors, Mobile Apps, Remittances, Cell Phone Recharges, EGaming, Healthcare Payments, Esports, Bill Factoring, Online Travel, Resorts, Blockchain Systems and Fintech Applications. Click here to know more.

For more information about RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company’s website at www.RevoluGROUP.com. The Company has approximately 186,969,692 shares issued and outstanding.

RevoluGROUP Canada, Inc.

Steve Marshall
______________________
STEVE MARSHALL
CEO

For more information, contact:
RevoluGROUP Canada Inc.
Telephone: (604) 332 5355
E-mail: info@revolugroup.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS ITS TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THIS RELEASE.

This press release includes certain statements that may be considered “forward-looking statements”. All statements contained in this press release, other than statements of historical facts, which address events or developments expected by the management of the Company, are forward-looking statements. Although management believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance, and actual results or developments may differ materially from those contained 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 the forward-looking statements include market prices, exploration and development success, the continued availability of capital and financing, and general economic conditions. , market or business. Please see the Company’s public documents at www.sedar.com for more information.

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