VANCOUVER, BC – December 7th, 2017 – ZoomAway Travel Inc. (TSXV: ZMA) (the “Company”) www.zoomawaytravel.com is pleased to announce that it has chosen to use Ethereum to institute its Blockchain integration. Ethereum is a recognized leader in both Blockchain and Crypto Currency and provides Zoomaway a key trust component for its own integrated Blockchain allowing the use of CryptoCurrency.
Ethereum’s Virtual Machine and open source developer tools will allow the company to fully integrate the advantages of BlockChain to its current systems. In particular, the Smart Contract features of Ethereum’s platform are of great use to Zoomaway. Most of the company’s daily operations and interactions with customers are based on contracts and the details, regulations, rates and inventory rules that come with them. The Smart Contract tools will allow the company to continue to reduce overhead in both accounting and administration, to instantly distribute funds to vendors for rooms or activities, to integrate instant refunds or credits for changes or cancellations, and to accept both traditional and non-traditional forms of payment at the same time.
The integration of these tools will provide both Zoomaway Nevada and Travel Game Block Chain (Canadian Subsidiary) with a shared backend running on the same services. The core backend changes will also allow for easy and quick product delivery to any potential Licensees in any market.
“The Hospitality Industry is changing very quickly, the onset of Blockchain and Crypto Currency projects like LockChain (Lockchain.co) and Winding Tree (Windingtree.com) are signaling huge changes in the way 3rd parties are going to operate in the future.” Stated Sean Schaeffer, CEO of Zoomaway Travel Inc. “We are watching the space very carefully and there is a very good chance that 3rd parties, mainly the large OTA’s are going to be greatly affected by the success of companies like these. The middle man is in great jeopardy as these companies are promising no mark-ups in a direct channel between the hotel or property owner and the consumer. Our bundling software and activity knowledge will help us work with companies like these that are focusing just on room only services.”
NOT FOR DISSEMINATION OR RELEASE IN THE UNITED STATES FOR IMMEDIATE RELEASE IN CANADA
Or for additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 or sean@zoomaway.com.
About Us
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.
Travel Game Blockchain Inc. (Canadian Co.) is a new ZoomAway Travel, Inc. subsidiary company dedicated to housing new projects in the digital games and blockchain formats.
Active Smart Contract Inc. (Nevada Co.) is currently in development with plans to license its technology to merchants enabling them to accept both credit card and cryptocurrency payments on a single platform. www.activesmartcontract.com
Forward-Looking Statements
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.
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