VANCOUVER, BC / ACCESSWIRE / August 23, 2019 / ZoomAway Travel Inc. (TSX-V:ZMA) (the “Company” or “ZMA”) www.zoomaway.com, a leader in the hospitality technology sector, is proud to announce that it has entered into a definitive agreement with Tieritup Inc.(Tieritup”), the creators of the Tripsee Travel Platform (www.tripsee.travel) to purchase all of Tieritup’ s digital assets. The final agreed upon purchase price for the assets will be paid by the issuance to Tieritup of 670,000 common voting shares at a deemed price of $0.10 per share. The agreement is subject to TSX Venture Exchange (“Exchange”) approval and will close once the approval has been granted.
The Tieritup assets include: a SMS-based (text messaging) communications platform that allows lodging properties to communicate via text with their guests before, during and after each stay. A fully automated concierge program that allows consumers to: ask questions and get automated answers via text message to make reservations with offsite activity vendors. And Alexa™ integration allowing consumers to use Artificial Intelligence (AI) to perform certain functions in room or off site. In addition, the purchase includes an event registration platform that dovetails seamlessly with the Company’s existing ZoomEvents platform. The retail website www.tripsee.travel is also a part of the purchase.
The process of migration (integration and data transfer) will begin shortly after final Exchange approval. The Company estimates that it will take between 90-180 days to implement the code into its regular operations and expects to roll out a sales and marketing process in that time frame allowing for the expedited integration of the assets.
Sean Schaeffer, CEO of Zoomaway Travel, commented, “I’m very excited that we were able to make such a great deal for such an impressive amount of work. The two partners at Tieritup have spent several years and countless hours developing the suite of products that will be a valuable addition to the Hospitality Industry. Tieritup lacked the sales and marketing budgets and manpower necessary to get this product to market. This is where we believe we can make a difference. What they were able to accomplish as a two man show is so impressive, there’s over 2 million lines of code along with many special features. Obviously, we have a major production underway with ZoomedOUT but we are committed to looking for even more companies, products and partnerships that allow us to achieve our goals.”
Robert Larmore, Co-Founder of Tieritup Inc. stated, “Entrepreneurship is a lifelong journey of mine, being able to solve challenging pain points and making people happy drives me along this path. We are excited to see that TripSee will be leveraged in a whole new way to be developed into something larger and more impactful to the travel industry than we ever envisioned.”