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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 Provides Corporate Update

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VANCOUVER, BC – September 22, 2020 –ZoomAway Travel Inc. (TSXV: ZMA) (US: ZMWYF) (the “Company” or “ZMA”) www.zoomaway.com, wishes to update its shareholders and investors with regard to certain matters.

First, the Company wishes to announce an amendment to the note purchase agreement (the “NPA”) governing the secured convertible promissory notes that were issued to AIP Asset Management Inc. (“AIP”) as announced on May 7, 2019. Under the NPA, the Company had an affirmative covenant to raise a minimum of CAD$1 million additional equity financing through the sale of its common stock in the full five fiscal quarters beginning after the closing, with a minimum of CAD$200,000 being raised in each such quarter. During 2019, the Company raised a total of CAD$480,000 additional equity financing. The NPA has been amended to permit the Company to raise the balance of at least $520,000 by the end of 2020. The Company confirms that as of the end of its most recently completed fiscal quarter (June 30, 2020), that it was in compliance with all affirmative covenants in the NPA, as amended.

The Company also announces that it will not be proceeding with the $5 million dollar acquisition line of credit from AIP Asset Management as initially disclosed in its press release of March 31, 2020.

The Company also wishes to clarify that the resolution presented to the Company’s shareholders at the annual and special meeting of shareholders held on June 28, 2019 to provide for a blanket authorization in respect of the potential creation of a “Control Person” (as such term is defined in the policies of the TSX Venture Exchange) through the future issuances of shares to AIP or its affiliates was not a valid resolution. The policies of the TSX Venture Exchange (the “TSXV”) require that any such resolution be presented to shareholders with detailed information in the context of a specific transaction. The June 28, 2019 resolution was insufficient in this regard. As such, the Company will not act upon the resolution.

The Company also announces the cancellation of 2,000,000 of the 2,400,000 stock options that were granted effective April 7, 2020 (as announced on April 10, 2020). These options have been cancelled as the holder thereof is no longer an eligible participant under the Company’s stock option plan.
Following discussions with the TSXV, the Company expects that trading of its shares will be reinstated shortly.

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 CEO Sean Schaeffer Provides Corporate Update

By | Headlines, News Highlights, Press Releases | No Comments

VANCOUVER, BC / ACCESSWIRE / March 19, 2020 / ZoomAway Travel Inc. Zoomaway.com (TSXV:ZMA)(OTCQB:ZMWYF) would like to update shareholders on the current status of both the Legacy business and the flagship product ZoomedOUT.

Dear Shareholders,

These are trying times for the entire world, and like everyone else, we at Zoomaway are concerned about the effects of the global pandemic and the economic repercussions. We are continuing to work daily on all facets of our businesses, and I wanted to update our shareholders on a couple of topics.

We have been putting extraordinary effort into making sure that our Legacy Businesses keep their currently booked clientele. We have successfully moved more than 95% of this business to arrive in the third quarter of this year. Revenue generated by this “Legacy Division” last year was nearly $1 Million USD. These Businesses are currently on track to exceed last year’s revenue.

We have been working hard on ZoomedOUT and have refined our gamification component to a point where we will engage the whole world at launch time and have what we believe is viral potential. We will share more on the incredible concept and increased revenue projections over the coming weeks. We are continuing our work with Google and their input has been invaluable to us. At this time, we have chosen to postpone the launch of our new app. We believe like most investors do, that travel will roar back once this crisis is over.

Finally, we have been exploring opportunities and acquisitions to bring in additional business and revenue. We are in discussions with multiple companies that may fit with our growing conglomerate of businesses, and we plan to announce an LOI in the very near future.

The team at Zoomaway appreciates just how tough this is on everyone. We have seen many crises come and go over the years that have affected our industry and our business, but every time we have stuck it out and come out tougher on the other side. Thank you to all of you that have been positive during the last few weeks.

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 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.

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.