VANCOUVER, BC – September 5th, 2017 – ZoomAway Travel Inc., (TSXV-ZMA/OTC: ZMWYF/Frankfurt: 4Z0), (“ZoomAway” or the “Company”) is a leading solutions provider for: hotels, golf courses, ski resorts and other activity providers that increase revenue, reduce cost, and improve their ability to accommodate today’s active traveler.
Sean Schaeffer, President and CEO of Zoomaway Inc., would like to provide partners, affiliates, stakeholders and shareholders with an overview of 2017 thus far and of recent developments.
The Company has been continuing to execute its expansion plans into new and year-round markets. We have grown our client base in Las Vegas and Coastal California and are pleased to announce that we now have footholds in other markets like Palm Springs and Napa. Our Vice President of Sales, Toni Koster is moving to Florida at the end of September to open that market, and we are very excited about her prospects there.
Early in 2017 we entered into a Revenue Share agreement with Zero 8 Studios, a games and gaming platform which we believe offers a tremendous new growth opportunity. As part of our agreement with Zero 8, we were to provide them with $600,000 (USD) to grow two of their specific products (SpinRush and P.E.S). This investment was to come back to us in full via revenues on these programs and included a preferred return of 8% for our shareholders.
In the coming weeks, we will provide you with more detail regarding the crossover between the two companies and how the synergies between us provide for a real opportunity in one of the fastest growing industries, the app-based games industry. The world is changing and the way people will interact with products such as Travel Booking will change dramatically over the next few years. Generations to come will not engage in simple web-based programs the way that we do. Our plan with Zero 8 included building out new ways to learn and engage with places you want to travel to, and I’m happy to report that we have a Provisional Patent in place at this time to create a product that should change the Hospitality Industry forever. We will release more information on this new product and the rest of the Zero 8 strategies once the intellectual property is fully protected.
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Or for additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 or email@example.com.
ZoomAway, Inc. (Nevada Co.) provides leading hotels, golf resorts, ski resorts, and activity providers with a seamless, scalable, and fully integrated technology platform that allows for the discounted packaging of lodging, ski, golf, activities, and attractions. It seamlessly integrates into client websites, providing their customers with a real-time one-stop shop for all of their travel and recreational needs. Additional information about ZoomAway Inc. can be found at www.zoomaway.com.
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
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 or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this press release.