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.
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 | 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.
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