ZoomAway Travel Inc. Review of Developments in 2017

Vancouver, British Columbia--(Newsfile Corp. - September 5, 2017) - ZoomAway Travel Inc., ZMA ZMWYF 4Z, ("ZoomAway" or the "Company") is a leading solutions provider for: hotels, golf courses, ski resorts and other activity providers that increase revenue, reduce cost, and improve their ability to accommodate today's active traveler.

Sean Schaeffer, President and CEO of ZoomAway Inc., would like to provide partners, affiliates, stakeholders and shareholders with an overview of 2017 thus far and of recent developments.

Company Focus

The Company has been continuing to execute its expansion plans into new and year-round markets. We have grown our client base in Las Vegas and Coastal California and are pleased to announce that we now have footholds in other markets like Palm Springs and Napa. Our Vice President of Sales, Toni Koster is moving to Florida at the end of September to open that market, and we are very excited about her prospects there.

Early in 2017 we entered into a Revenue Share agreement with Zero 8 Studios, a games and gaming platform which we believe offers a tremendous new growth opportunity. As part of our agreement with Zero 8, we were to provide them with $600,000 (USD) to grow two of their specific products (SpinRush and P.E.S). This investment was to come back to us in full via revenues on these programs and included a preferred return of 8% for our shareholders.

In the coming weeks, we will provide you with more detail regarding the crossover between the two companies and how the synergies between us provide for real opportunity in one of the fastest growing industries, the app based games industry. The world is changing and the way people will interact with products such as Travel Booking will change dramatically over the next few years. Generations to come will not engage in simple web based programs the way that we do. Our plan with Zero 8 included building out new ways to learn and engage with places you want to travel to, and I'm happy to report that we have a Provisional Patent in place at this time to create a product that should change the Hospitality Industry forever.

We will release more information on this new product and the rest of the Zero 8 strategies once the intellectual property is fully protected.

For more information about ZoomAway Travel please visit www.zoomawaytravel.com.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

>
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!