Leisure Canada Announces Acquisition of the Domain Name "visitcuba.com"
05 July 2011 - 6:07AM
Marketwired
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.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy and
accuracy of this release.
Contacts: Marcovitch Public Relations 416-963-3222
prgroup@marcovitchpr.ca Leisure Canada Inc. info@leisurecanada.com
www.leisurecanada.com
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