Tickers: XTSX:ZMA, PINX:ZMWYF
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VANCOUVER, BC / TheNewswire / November 14, 2017 - ZoomAway Travel Inc. ZMA (the "Company") is pleased to pass the following information along to it's shareholders.
Zoomaway Travel Inc.'s wholly owned subsidiary Zoomaway Inc. is in the State of Nevada. Several new laws have been proposed or passed that make the State of Nevada the perfect environment for Zoomaway to continue to make its previously announced changes to its core infrastructure and to consider new and exciting changes to it's business plans.
Ben Kieckhefer, who represents Senate District 16 in the Nevada Senate and serves as the Director of Client Relations for McDonald Carano LLP wrote, "Nevada Senate Bill 398 prohibits cities and counties from implementing any regulation, taxes or fees on the use of blockchain or transactions conducted across one. This certainly doesn't relieve a business from having to pay a licensing fee any other business would have to pay, but it would prevent a government from targeting the users of blockchains. This protection, coupled with the recognition of blockchains and smart contracts in Nevada law, should provide the safe harbor for businesses using blockchain and entrepreneurs planning to do so. Nevada is a place to do business, regardless of industry. This is true not only because of our friendly tax and regulatory environments, but because Nevada is a leader when it comes to innovation and change, which is what blockchain can bring us."
Sean Schaeffer said, "We believe Blockchain technology will help improve customer experience, make backend processes efficient and improve our client's brand value. We are proud to be working in the State of Nevada and are carefully monitoring all of the exciting changes that lawmakers are adopting to continue to make this state the ever growing home of technology that it is becoming. We hope that more opportunities for growth will come out of these legislations soon, and we are actively searching out Nevada based Block Chain companies that we may be interested in collaborating with in the future."
For more information about Block Chain in the State of Nevada, check out these links:
https://cointelegraph.com/news/nevada-becomes-first-us-state-to-block-blockchain-taxes
https://www.coindesk.com/nevada-opens-doors-blockchain-startups/
https://www.law360.com/articles/938731/how-nevada-is-preparing-for-blockchain-technology
https://bitcoinmagazine.com/articles/nevada-takes-chance-pro-blockchain-legislation/
About ZoomAway, Inc.
ZoomAway, Inc., a wholly owned subsidiary of ZoomAway Travel Inc. ZMA, provides leading hotels, golf resorts, ski resorts and activity providers with a seamless, scalable and fully integrated Technology Platform that allows for the discounted packaging of lodging, ski, golf, activities and attractions. It seamlessly integrates into client websites, providing their customers with a real time one stop shop for all of their travel and recreation needs. Additional information about ZoomAway Inc. can be found at www.zoomawaytravelinc.com.
For additional information contact:
Sean Schaeffer, CEO, ZoomAway Travel Inc: 775-691-8860 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
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.
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