Canadian sharks: Leisure Canada Announces Acquisition of the Domain Name "visitcuba.com"

TORONTO, ONTARIO, Jul 04, 2011 (MARKETWIRE via COMTEX) -- Leisure Canada Inc. CA:LCN +3.85% 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." 

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