Leisure Canada Announces Acquisition of the Domain Name "visitcuba.com"
05 July 2011 - 6:07AM
Marketwired Canada
Leisure Canada Inc. (TSX VENTURE:LCN) today announced that it has acquired the
domain name, website and assets related to "visitcuba.com" for total purchase
consideration of $100,000 USD in cash and 84,746 Class A common shares of the
Company.
visitcuba.com will provide the Company with an online platform from which it
shall provide tourists and business travellers to Cuba with resources and
information to assist them in making their travel plans. The site shall be
launched by the Company in early 2012 and shall amongst other features, enable
viewers to make hotel reservations, rent cars, book specialty tour products, as
well as provide online content to first time visitors and returning travellers.
Commenting on the transaction, Robin Conners, the Company's President and CEO
said, "The opportunity for growth in the tourism sector is significant and
visitcuba.com fits perfectly with Leisure Canada's current assets under
development and with its broader growth strategy in Cuba."
On Behalf of the Board of Directors
Robin Conners, President and Chief Executive Officer
About Leisure Canada Inc.
Leisure Canada Inc. is a publicly traded company, incorporated under the laws of
Ontario and listed on the TSX Venture Exchange under the symbol "LCN". The
Company is engaged in the business of developing hotel, resort and commercial
properties in Cuba through its wholly-owned subsidiary, Wilton Properties Ltd.,
in joint venture with Grupo Hotelero Gran Caribe S.A., an agency of the Cuban
government.
For further information on the Company please visit our website at
www.leisurecanada.com. The Company's public filings, including its most recent
audited consolidated financial statements, can be reviewed on the SEDAR website
(www.sedar.com).
This news release may contain forward-looking statements and information within
the meaning of applicable securities legislation. These forward-looking
statements reflect management's current expectations, estimates, projections,
beliefs and assumptions that were made using information currently available to
management. In some cases, forward-looking statements can be identified by
terminology such as "may", "will", "expect", "plan", "anticipate", "believe",
"intend", "estimate", "predict", "forecast", "outlook", "potential", "continue",
"should", "likely" or the negative of these terms or other comparable
terminology. Although management believes that the anticipated future results,
performance or achievements expressed or implied by the forward-looking
statements and information are based upon reasonable assumptions and
expectations, the reader should not place undue reliance on forward-looking
statements and information because they involve assumptions, known and unknown
risks, uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially from anticipated
future results, performance or achievements expressed or implied by such
forward-looking statements and information.
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