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ZoomAway Closes Private Placement

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VANCOUVER, BC – November 20, 2023 – ZoomAway Technologies Inc. (TSXV: ZMA) the “Company” or “ZMA”) www.zoomaway.com, is pleased to announce that it has closed its previously announced non-brokered private placement with AIP Convertible Private Debt Fund L.P. (“AIP”) pursuant to which AIP subscribed for 3,000,000 units of the Company (the “Units”) at a price of $0.05 per Unit for total gross proceeds of $150,000.00 (the “Private Placement”). Each Unit consists of one common share and one common share purchase warrant, each warrant being exercisable for one common share at a price of $0.05 for a period of 5 years. The proceeds of the Private Placement will be used for working capital purposes only.

AIP is the Company’s major shareholder and principal lender. As such, the Private Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), and the Company relies on the exemptions from formal valuation and minority shareholder approval of the Private Placement contained in Sections 5.5(c) and 5.7(b), respectively, of MI 61-101.

Immediately prior to the Private Placement, AIP held 46.96% of the Company’s issued and outstanding commons shares. As a result of the Private Placement, AIP’s share ownership has increased to 55.19% of the Company’s issued and outstanding common shares on a non-diluted basis and to 70.77% on a fully-diluted basis (taking into account existing warrants held by AIP and the warrants to be issued as part of the Units). Neither the Company nor, to the knowledge of the Company after reasonable inquiry, AIP has knowledge of any material information concerning the Company or its securities that has not been generally disclosed. The Company has two independent directors, both of whom have approved of the Private Placement. None of the proceeds from the Private Placement will be applied towards any amounts owed to AIP. All securities issued pursuant to the Private Placement are subject to a hold period of four months and one day from the date of issuance. The Private Placement remains subject to the final acceptance of the TSX Venture Exchange.

The Company did not file a material change report more than 21 days before the expected closing of the Private Placement because the structure and the details of AIP’s participation were not settled until shortly prior to the closing, and the Company wished to close on an expedited basis for business reasons.

Early Warning Disclosure
In connection with the Private Placement, AIP acquired ownership, control or direction over common shares of the Company requiring disclosure pursuant to the early warning requirements of applicable securities regulation. Immediately prior to the Private Placement, AIP had ownership
of, or exercised control or direction over, approximately 7,668,518 common shares of the Company and 7,301,851 common share purchase warrants. Pursuant to the Private Placement, AIP acquired ownership of an additional 3,000,000 common shares of the Company and an additional
3,000,000 warrants and now holds, or exercises control or direction over, 10,668,518 common shares and 10,301,851 warrants. Following the Private Placement, AIP’s common share ownership in the Company increased from approximately 46.96% to approximately 55.19%. In
the event that AIP was to exercise of the warrants that it holds, it’s common share ownership in the Company would increase to 70.77%. The Company understands that AIP acquired the aforementioned securities for investment purposes and may, from time to time and depending on market and other conditions and subject to the requirements of applicable securities laws, acquire additional common shares through market transactions, private agreements, treasury issuances or otherwise, or may, subject to the requirements of applicable securities laws, sell all or some portion of the common  shares they own or control, or may continue to hold the common shares. This portion of this news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related and Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing
matters. A copy of the early warning report will be filed by AIP in accordance with applicable securities laws and will be available on the Company’s issuer profile on SEDAR at www.sedar.com.

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us
Zoomaway Technologies Inc. is a technology company principally involved in 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. The Company has combined travel, hospitality, mobile gaming and augmented reality to change the way users travel. Additional information about ZoomAway Technologies Inc. can be found at www.zoomaway.com.

Forward-Looking Statements

This release contains “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the Transaction, the spin-off of ZMA’s current business, ZMA’s intention to continue to seek out other acquisition opportunities, the resumption of trading of the Company’s shares, the completion of due diligence, the execution of a definitive agreement in respect of the Transaction and the timing thereof, and receipt of shareholder approval and regulatory approvals including approval of the TSXV and the timing thereof. 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 inability to secure funding for the Transaction, failure to obtain shareholder or regulatory approvals for the Transaction, 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  tatements. 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.

Zoomaway Announces Proposed Private Placement

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VANCOUVER, BC – November 6, 2023 – ZoomAway Technologies Inc. (TSXV: ZMA) (US: ZMWYF) (the “Company” or “ZMA”) www.zoomaway.com, is pleased to announce that it intends to complete a non-brokered private placement of 3,000,000 units of the Company (the “Units”) at a price of $0.05 per Unit for total gross proceeds of $150,000.00 (the “Private Placement”). Each Unit will consist of one common share and one common share purchase warrant, each whole warrant being exercisable for one common share at a price of $0.05 for a period of 5 years. The proceeds of the Private Placement will be used for working capital purposes only.

AIP Convertible Private Debt Fund LP (“AIP”), the Company’s major shareholder and principal lender, has agreed to subscribe to all of the Units to be offered pursuant to the Private Placement. As a result, the Private Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely on the exemptions from formal valuation and minority shareholder approval of the Private Placement contained in Sections 5.5(c) and 5.7(b),
respectively, of MI 61-101. AIP currently owns 46.96% of the Company’s issued and outstanding commons shares. As a result of the Private Placement,

AIP’s ownership will increase to 55.19% of the Company’s issued and outstanding common shares on a non-diluted basis and to 70.77% on a fully diluted basis (taking into account existing warrants held by AIP and the warrants to be issued as part of the Units). Neither the Company nor, to the knowledge of the Company after reasonable inquiry, AIP has knowledge of any material information concerning the Company or its securities that has not been generally disclosed. The Company has two independent directors, both of whom approve of the Private Placement. None of the proceeds from the Private Placement will be applied towards any amounts owed to AIP.

All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day from the date of issuance. The Private Placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us
Zoomaway Technologies Inc. is a technology company principally involved in 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. The Company has combined travel, hospitality, mobile gaming and augmented reality to change the way users travel. Additional information about ZoomAway Technologies Inc. can be found at www.zoomaway.com.

Forward-Looking Statements
This release contains “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the Transaction, the spin-off of ZMA’s current business, ZMA’s intention to continue to seek out other acquisition opportunities, the resumption of trading of the Company’s shares, the completion of due diligence, the execution of a definitive agreement in respect of the Transaction and the timing thereof, and receipt of shareholder approval and regulatory approvals including approval of the TSXV and the timing thereof. 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 inability to secure funding for the Transaction, failure to obtain shareholder or regulatory approvals for the Transaction, 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.

Zoomaway Provides Corporate Update and Announces Resumption Of Trading

By | Uncategorized | No Comments

VANCOUVER, BC – October 24, 2023 – ZoomAway Technologies Inc. (TSXV: ZMA) (US: ZMWYF) (the “Company” or “ZMA”) www.zoomaway.com, a retail and hospitality technology development company, announced via press release dated April 12, 2022 that it intended to acquire an Ontario based specialty retailer. On October 4, 2023, the Company announced that, for various reasons, it has chosen not to pursue this transaction and has applied to the TSX Venture Exchange to resume trading of its shares.

Throughout the period since the announcement of the transaction, during which trading in its shares was halted, Zoomaway has continued to operate normally, including keeping its shareholders up to date with all of its financial reporting requirements.

In addition, the Company is pleased to announce that the AIP Convertible Debt Fund LP (“AIP”) has provided an extension on its Notes in the amount of CDN $7.1 million that became due on September 30 of this year, to April 30, 2024. Furthermore, in August 2023, AIP agreed to provide the Company with additional financial support in the amount of USD $400,000 in order to cover operating expenses to August of 2024.

Finally, Zoomaway wishes to announce that it has filed a notice calling for a meeting of its shareholders on December 1, 2023. Further details with regard to the meeting will be announced shortly.

It is anticipated that trading of the Company’s common shares will resume on October 26, 2023.

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us
Zoomaway Technologies Inc. is a technology company principally involved in 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. The Company has combined travel, hospitality, mobile gaming and augmented reality to change the way users travel. Additional information about ZoomAway Technologies Inc. can be found at www.zoomaway.com.

Forward-Looking Statements
This release contains “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the Transaction, the spin-off of ZMA’s current business, ZMA’s intention to continue to seek out other acquisition opportunities, the resumption of trading of the Company’s shares, the completion of due diligence, the execution of a definitive agreement in respect of the Transaction and the timing thereof, and receipt of shareholder approval and regulatory approvals including approval of the TSXV and the timing thereof. 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 inability to secure funding for the Transaction, failure to obtain shareholder or regulatory approvals for the Transaction, 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.

ZoomAway Seeks to have Shares Reinstated for Trading

By | Press Releases | No Comments

VANCOUVER, BC / ACCESSWIRE / October 4, 2023 / ZoomAway Technologies Inc. (TSXV:ZMA) (the “Company” or “ZMA“) www.zoomaway.com, a retail and hospitality technology development company, announced via press release dated April 12, 2022 that it intended to acquire an Ontario based specialty retailer. For various reasons, the Company has chosen not to pursue this transaction and is applying to the TSX Venture Exchange to reinstate trading of its shares.

Throughout the period since the announcement of the transaction, Zoomaway reports that it has continued to operate normally during the halt, including keeping up to date with all of its financial reporting requirements. The Company has continued to grow its travel business and expects that trend to continue as we pursue our publicly stated mission to complete a transaction and spin-off of its current business to its wholly owned subsidiary Zoom Tech Inc.

For additional information contact: Sean Schaeffer, CEO, ZoomAway Technologies Inc., at 775-691-8860 sean@zoomaway.com.

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us
Zoomaway Technologies Inc. is a technology company principally involved in 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. The Company has combined travel, hospitality, mobile gaming and augmented reality to change the way users travel. Additional information about ZoomAway Technologies Inc. can be found at www.zoomaway.com.

Forward-Looking Statements
This release contains “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the Transaction, the spin-off of ZMA’s current business, ZMA’s intention to continue to seek out other acquisition opportunities, the resumption of trading of the Company’s shares, the completion of due diligence, the execution of a definitive agreement in respect of the Transaction and the timing thereof, and receipt of shareholder approval and regulatory approvals including approval of the TSXV and the timing thereof. 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 inability to secure funding for the Transaction, failure to obtain shareholder or regulatory approvals for the Transaction, 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.

ZoomAway has Entered into Binding Letter of Intent to Acquire Large Ontario-Based Retailer and will Spin Out Travel Assets

By | Uncategorized | No Comments

VANCOUVER, BC / ACCESSWIRE / April 12, 2022 / ZoomAway Technologies Inc. (TSXV:ZMA) (OTCQB:ZMWYF) (the “Company” or “ZMA“) www.zoomaway.com,a retail and hospitality technology development company, is pleased to announce that as of April 5, 2022 it has entered into a binding letter of intent to acquire all of the issued and outstanding shares of a rapidly growing, privately-held specialty retailer (“TargetCo“) with locations throughout the Province of Ontario (the “Transaction“).

Additional information in respect of TargetCo and the Transaction, including the purchase price and structure, will be communicated by the Company in one or more subsequent new releases in accordance with policies of the TSX Venture Exchange (the “TSXV“).

Concurrently with the completion of the Transaction, ZMA intends to spin-off its current business to its wholly-owned subsidiary Zoom Tech Inc. This will include all intellectual property and related rights to its retail and hospitality technology platforms. As part of this plan, ZMA intends to continue to seek out other acquisition opportunities.

Under the policies of the TSXV, the Transaction will constitute a “change of business” and, as a result, trading in the shares of the Company has been halted and is expected to remain halted pending receipt of conditional approval of the TSXV and/or closing of the Transaction.

Closing of the Transaction will be subject to, inter alia, completion of due diligence, the signing of a definitive agreement and obtaining all requisite shareholder and regulatory approvals. Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of ZMA should be considered highly speculative. The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us

ZoomAway, Inc. (Nevada Co.) 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.

ZMA Travel Game Inc. (Canadian Co.) (formerly TravelGameBlockChain Technology Inc.) is a ZoomAway Travel Inc. subsidiary company dedicated to housing new projects in the digital games. The company’s first project is ZoomedOUT, being developed with the assistance of Zero8 Studios, Inc., which can be seen at zoomedout.io. To receive more detailed, or investor level information, please contact us at sean@zoomaway.com and we will respond with the appropriate documentation depending on your request.

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 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.

IIROC Trading Halt – ZMA

By | Uncategorized | No Comments

VANCOUVER, BC April 8, 2022 /CNW/ – The following issues have been halted by IIROC:

Company: ZoomAway Technologies Inc.

TSX-Venture Symbol: ZMA

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 3:36 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us

ZoomAway, Inc. (Nevada Co.) 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.

ZMA Travel Game Inc. (Canadian Co.) (formerly TravelGameBlockChain Technology Inc.) is a ZoomAway Travel Inc. subsidiary company dedicated to housing new projects in the digital games. The company’s first project is ZoomedOUT, being developed with the assistance of Zero8 Studios, Inc., which can be seen at zoomedout.io. To receive more detailed, or investor level information, please contact us at sean@zoomaway.com and we will respond with the appropriate documentation depending on your request.

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 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.

ZoomAway Announces Results of Annual and Special Meeting of Shareholders

By | Press Releases | No Comments

VANCOUVER, BC / ACCESSWIRE / December 23, 2021 / ZoomAway Technologies Inc. (TSXV:ZMA)(OTCQB:ZMWYF) (the “Corporation” or “ ZMA“) www.zoomaway.com is pleased to announce the results of its annual general and special meeting of shareholders held on December 20, 2021 (the “ Meeting “).

At the Meeting, shareholders overwhelmingly voted in favour of the following matters: (i) to fix the number of directors to be elected for the ensuing year at five; (ii) the election of five directors; (iii) the appointment of MNP LLP as the Corporation’s auditor; and (iv) the continuation of the Corporation’s share option plan, as follows:

MATTER VOTES IN FAVOUR (%)
Fixing the Number of Directors 99.85
Election of Directors
Jay Bala 99.85
Alex Kanayev 99.85
Sean Schaeffer 99.67
Steven Rosenthal 99.67
Mason Shan 99.85
Appointment of MNP LLP as Auditor 99.97
Continuation of Share Option Plan 99.85

A total of 9,757,723 shares were present at the Meeting, in person or represented by proxy, representing approximately 58.95% of the Corporation’s issued and outstanding shares entitled to vote at the Meeting.

For more information on the matters approved at the Meeting, please refer to the Corporation’s management information circular dated November 16, 2021 which is available on the Corporation’s SEDAR profile at www.sedar.com.

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us

ZoomAway, Inc. (Nevada Co.) 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.

ZMA Travel Game Inc. (Canadian Co.) (formerly TravelGameBlockChain Technology Inc.) is a ZoomAway Travel Inc. subsidiary company dedicated to housing new projects in the digital games. The company’s first project is ZoomedOUT, being developed with the assistance of Zero8 Studios, Inc., which can be seen at zoomedout.io. To receive more detailed, or investor level information, please contact us at sean@zoomaway.com and we will respond with the appropriate documentation depending on your request.

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 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.

ZoomAway Updates Shareholders

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VANCOUVER, BC / ACCESSWIRE / October 20, 2021 / ZoomAway Technologies Inc. (TSXV:ZMA)(OTCQB:ZMWYF) (the “Company” or “ZMA“) www.zoomaway.com is accelerating the execution of its corporate plan, driving more business in the recovering hospitality sector and continuing to work aggressively on strategic acquisitions.

“We are experiencing a lot of positive momentum, and I’m very excited to see our efforts progressing” stated Sean Schaeffer, CEO of ZoomAway Technologies, “We’re going into 2022 with more opportunity than ever before, we’re cleaning up the balance sheet, we’re on the path to identify strategic acquisitions, and we’re well positioned for growth.”

Near term outlook
While Covid and certain restrictions still loom over our Casino Markets and the Tourism Industry as a whole, some of the data is encouraging while uneven. According to the US Travel Association© (www.ustravel.org), willingness to travel is holding steady, and hotel demand is only 4% below July 2019 levels. We have been busy with quite a few of our events in the third quarter. Our large corporate groups were hesitant to come in 2021 with worries about crowds and the global pandemic. So, they chose to delay events to 2022. But bookings are starting to come back in this quarter, and we are bullish that this trend will continue.

2022 outlook
All of our large group outings have been contracted and prepaid for 2022. This gives us a tremendous jump on next year and we’re anticipating an increase in these large events. Organizers of our large corporate groups are expressing eagerness to increase the size of their entertainment budgets from 2019 and spend even more on customer appreciation trips in the upcoming year. As with many industries, we are seeing significant pent-up demand to get back to normal. We are continuing work on remodeling several of our websites and products, including our Tripsee platform which was hampered greatly by the pandemic. Our client hotels and resorts have been working with limited budgets over the last two years, a trend that appears to be slowly reversing now, and we are focusing on recapturing the upside of these budget increases, gaining momentum, and showing stronger revenues with all of our products for 2022.

ZoomedOUT
We are continuing development of ZoomedOUT. We decided, like most of the industry, that scaling back development on any products that relied on hospitality advertising as one of its key revenue generators was a prudent management decision. As mentioned, the core market for this product (hotels, activity providers, resorts and attractions) were spending significantly less money the past two travel seasons and today are heavily focused on addressing labour shortages so they can simply stay open. We believe strongly that ZoomedOUT will impact the hospitality sector greatly. We intend to continue investing in the ZoomedOUT platform and advance its position as an enhanced hospitality and travel experience.

Acquisitions
Our search for companies that will bolster revenues and provide ultimate value to our shareholders is in full swing. The search has been productive, but market trends are showing over-valuation in many of the companies we have approached. We are happy to report, though, that we are currently looking at several promising opportunities and believe that we will have some progress on one or more strategic acquisitions before year-end.

Zoom Tech Inc.
In anticipation of our acquisition strategy, we have created a new wholly-owned Canadian subsidiary corporation named Zoom Tech Inc. The Company believes that the subsidiary will provide flexibility in the future for bringing on new assets.

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us

ZoomAway, Inc. (Nevada Co.) 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.

ZMA Travel Game Inc. (Canadian Co.) (formerly TravelGameBlockChain Technology Inc.) is a ZoomAway Travel Inc. subsidiary company dedicated to housing new projects in the digital games. The company’s first project is ZoomedOUT, being developed with the assistance of Zero8 Studios, Inc., which can be seen at zoomedout.io. To receive more detailed, or investor level information, please contact us at sean@zoomaway.com and we will respond with the appropriate documentation depending on your request.

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 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.

ZoomAway Announces Approval of Normal Course Issuer Bid

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VANCOUVER, BC / ACCESSWIRE / June 7, 2021 / ZoomAway Technologies Inc. (TSXV:ZMA)(OTCQB:ZMWYF) (the “Company” or “ZMA“) announces that, further to its press release dated May 3, 2021, the TSX Venture Exchange (the “TSXV“) has accepted the Company’s notice to implement a normal course issuer bid (the “NCIB“) to purchase for cancellation up to an aggregate of 852,001 of its issued and outstanding common shares, representing 5% of the Company’s current issued and outstanding common shares.

The NCIB will commence on June 8, 2021 and will remain in effect until the earlier of (i) June 7, 2022, (ii) the date on which the Company acquires the maximum number of common shares permitted under the NCIB, or (iii) the date upon which the Company provides written notice of termination of the NCIB to the TSXV.

The Company has engaged Integral Wealth Securities Inc. as its broker for the NCIB. The NCIB will be conducted through the facilities of the TSXV, and purchases of common shares will be made in accordance with the applicable policies of the TSXV at the prevailing market price of such common shares at the time of purchase. All common shares acquired by the Company under the NCIB will be cancelled. As of the date hereof, the Company has 17,040,038 common shares issued and outstanding. The Company may not purchase more than 2% of its issued and outstanding common shares during any 30-day period, which as of the date hereof represented 340,800 common shares.

The Company is implementing the NCIB because it believes that, from time to time, the market price of its common shares may not fully reflect the underlying value of the Company’s business and its future prospects. Accordingly, the Company believes purchasing its common shares will be in the interest of the Company and represents an opportunity to enhance shareholder value. The Company’s strong cash position allows for the implementation of the NCIB without adversely affecting the Company’s growth opportunities.

To the Company’s knowledge, none of the officers, directors or insiders of the Company, or any associate of such person, or any associate of affiliate of the Company, has any present intention to sell any securities to the Company pursuant to the NCIB. The Company has not previously purchased for cancellation any of its outstanding common shares.

The Company also wishes to provide some additional information to its press release of June 1, 2021 regarding the engagement of DeCosta Global Media (“DeCosta“). DeCosta has been retained to consult with the Company on digital marketing efforts only and will not be performing any investor relations activities. DeCosta’s engagement is for three-month intervals with a monthly retainer fee of [CAD]$5,000, and any campaigns related to email marketing, social media marketing, SEO, user acquisition, or website work will bear additional costs based on the campaign scope.

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us

ZoomAway, Inc. (Nevada Co.) 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.

ZMA Travel Game Inc. (Canadian Co.) (formerly TravelGameBlockChain Technology Inc.) is a ZoomAway Travel Inc. subsidiary company dedicated to housing new projects in the digital games. The company’s first project is ZoomedOUT, being developed with the assistance of Zero8 Studios, Inc., which can be seen at zoomedout.io. To receive more detailed, or investor level information, please contact us at sean@zoomaway.com and we will respond with the appropriate documentation depending on your request.

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 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.

ZoomAway Hires International Media and Marketing Firm

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VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / ZoomAway Technologies Inc. (TSXV:ZMA)(OTCQB:ZMWYD) (the “Company” or “ZMA“) www.zoomaway.com is pleased to announce that it has hired DECOSTA Global (“DECOSTA”) as its Marketing Agency to create national and international awareness of its current projects such as ZoomedOUT and its future endeavors.

“DECOSTA has a reach into the global markets that we desire to attract, and with their unique blend of corporate, retail and entertainment experience bring fresh creativity to our market segment. ZoomedOUT is an entirely unique product, and we need a company that understands new and emerging concepts.”, added Sean Schaeffer, President and CEO of Zoomaway.

“As the Company continues to build and also look for acquisition opportunities the need for a team like DECOSTA is evident, and we are hopeful that they will add value to our shareholders like they have for so many other companies over the last few years.”

CEO of DECOSTA Global, Jesse DeCosta, commented, “ZMA’s model is unique and positioned for growth. We work closely with our clients to create memorable experiences for their customers and building brand loyalty is our core expertise. Many of our clients have trusted us for over 20 years to create meaningful audience experiences, and our philosophy is to grow with our clients and build loyalty within their audiences.”

DeCosta added, “We have worked with iconic brands over the last 30 years in an official capacity including representing major financial institutions, fintech start-ups, estates and managing the social and web presence of entertainment personalities that include, Will Smith, The Jacksons, Blistex, Marsh Canada, McDonalds, Sony Music, Overbrook Entertainment, the Estate of Tupac Shakur, Jamie Foxx, Kevin James and many more. We look forward to adding Zoomaway to this list of success stories.”

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us

ZoomAway, Inc. (Nevada Co.) 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.

ZMA Travel Game Inc. (Canadian Co.) (formerly TravelGameBlockChain Technology Inc.) is a ZoomAway Travel Inc. subsidiary company dedicated to housing new projects in the digital games. The company’s first project is ZoomedOUT, being developed with the assistance of Zero8 Studios, Inc., which can be seen at zoomedout.io. To receive more detailed, or investor level information, please contact us at sean@zoomaway.com and we will respond with the appropriate documentation depending on your request.

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 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.