Monthly Archives

January 2018

ZoomAway Announces Formation Of New Nevada Subsidiary

By | Press Releases

VANCOUVER, BC – January 18 th, 2018 – ZoomAway Travel Inc. (TSXV: ZMA) (the “Company”) www.zoomawaytravel.com announced today the formation of Active Smart Contract Inc., a Nevada Corporation, wholly owned by Zoomaway Travel Inc.

The new company will be a payment processing platform offering a simple set of common APIs that will enable merchants to bill customers by credit card, ACH or cryptocurrency. Once implemented, the modular, plugin-in design will enable merchants to easily integrate new gateways and cryptocurrencies without additional work or rebuilding their applications.

The Company is building this to work in conjunction with its existing business and has seen the opportunity to create additional sources of revenue by making this product available to other businesses looking to capitalize on alternative payment methods. This new effort is borne out of the Company’s core competencies and previously announced blockchain strategies.

Tim Berfield, CTO of ZoomAway Inc. will head this new endeavor, serving as President. Mr. Berfield possesses an extensive background in merchant processing and has created payment gateway systems responsible for hundreds of millions of dollars in transactions.

“While enabling our own e-commerce sites to accept cryptocurrencies, we were able to identify a real need for merchants that haven’t been adequately addressed. The crypto space lacks accountability, customer service, and clarity. We want to make accepting crypto as seamless as possible for our clients and allow them to see all of their transactions in one place.” Said Tim Berfield, CTO of ZoomAway, Inc.

“As we are adding to our Zoomaway infrastructure, we are continuing to identify new potential revenue streams. All the companies that we are forming will operate from the same central toolset. Each of our new entities provides integral pieces to the whole and hopefully will become their own profit centers.” Stated Sean Schaeffer, CEO of Zoomaway Travel Inc.

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.

ZoomAway Closes Oversubscribed Private Placement And Hires FronTier Merchant Capital Group

By | Press Releases

VANCOUVER, BC – January 3rd, 2018 – ZoomAway Travel Inc. (TSXV: ZMA) (the “Company”) www.zoomawaytravel.com is pleased to announce that it has successfully closed its oversubscribed Private Placement and has engaged FronTier Merchant Capital Group to provide IR services.

FRONTIER MARKETING ARRANGEMENT:

ZoomAway Travel Inc. (the “Company”) is pleased to announce that it has engaged FronTier Merchant Capital Group (“FronTier”) to provide investor relations (IR) and marketing services. FronTier is an Investor Relations firm with its head office in Toronto, Canada. FronTier is expected to assist the Company by increasing market awareness for the Company through the use of a number of financial market communications initiatives, including facilitating in-person introductions for the Company with institutional and retail brokers in Toronto and other financial capitals, and through media distribution on national television, radio and multiple online channels. Under the terms of the engagement, FronTier has been retained by the Company for a 12 month period for $84,000 per year (plus GST), reimbursement of direct, approved expenses, as well as the commitment to grant FronTier stock options to acquire up to 150,000 common voting shares of the Company, such options to be issued in accordance with the Company’s stock option plan, exercisable at market prices (in effect as at the time of issuance).

CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT:

As previously announced, the Company offered units, each unit priced at $0.05 per unit and consisting of one common share and one-half of a warrant, each whole warrant entitling the holder to acquire a further common share at an exercise price of $0.10 per share (the “Offering”). The Offering recently closed, oversubscribed, with a total of 5,340,000 units purchased. An affiliate of FronTier purchased 2,600,000 units in this Offering. FrontTier and its affiliate own less than 10% of the Company (based on current issued and outstanding shares and on a fully diluted basis).

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.