ZoomAway to Postpone Reporting First Quarter 2020 and Full Year 2019 Results due to Delays Related to COVID-19
VANCOUVER, BC / ACCESSWIRE / April 28, 2020 / ZoomAway Travel Inc. (TSXV:ZMA) (the “Company”)www.zoomaway.com is postponing the reporting of its first-quarter 2020 and full year 2019 results and associated filings. The Company will report results as soon as possible and is afforded the postponement by a 45-day extension announced by the British Columbia Securities Commission under BCSC Instrument 51-515 “Temporary Exemption from Certain Corporate Finance Requirements” issued March 23, 2020.
Recent global events pertaining to COVID-19 has impacted Company management’s and its professional advisors’ ability to complete timely information disclosure of its financial reporting obligations as otherwise required under Sections 4.2 and 4.4 of National Instrument 51-102 (Group A Reporting Requirements).
The Company ratifies that management and the Company’s insiders remain subject to an Insider Trading Black Out period per its internal Insider Trading Policy and confirms that the Company has no undisclosed potential material business developments since November 2019 when the Company filed its third-quarter interim financial statements.
ZoomAway’s management currently reasonably expects to complete and file its audited financial statements for the year ended December 31, 2019 on or before June 8, 2020, and to file the unaudited first quarter 2020 financials soon thereafter, with an aim to not delay the Company’s annual general meeting of shareholders beyond the end of June.
For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | email@example.com or stay up-to-date and sign up for our newsletter.
Zoomaway Travel Inc. is a technology company that is revolutionizing the Hospitality and Travel Industries. We have developed a variety of software solutions that enhance the planning and engagement of everyday tourists. Our flagship project, ZoomedOUT, is a complete modernization and re-imagination of mobile travel apps. In a full 3D environment, we are able to integrate planning, booking, social media, and camaraderie into a tangibly rewarding experience. We are combining Travel, Hospitality, Mobile Gaming and Augmented Reality to change the way users travel into 2020 and beyond. Additional information about ZoomAway Inc. can be found at www.zoomaway.com.
About Zero8 Studios, Inc.
Zero8 Studios, based in Reno, Nevada, specializes in new and innovative games and technology platforms. With a focus on social gaming and almost two decades of experience building countless game titles, gaming platforms, and various technologies. The Zero8 Studios’ team has assisted dozens of AAA publishers, large clientele, manufacturers, and casinos in the design, production, and delivery of their products to players around the world. Additional information can be found at www.zero8studios.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 it’s 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.