VANCOUVER, BC – September 20, 2018 – ZoomAway Travel Inc. (TSXV: ZMA) (the “Company”)
www.zoomaway.ca, a leader in Hospitality Industry innovation, is pleased to announce that it has
received a commitment letter (the “Commitment Letter”) from an Ontario based investment
management firm (the “Investment Firm”) to undertake the previously announced financing by issuing
to the Investor, senior secured, collateralized convertible notes for a maximum of USD $1,500,000 (the
The Company has paid a facility fee of USD $75,000 to the Investment Firm and previously issued 3,800,000 common shares of Zoomaway Travel to the VC firm at a deemed price of $0.05 per share for due diligence and related costs. Zoomaway has agreed that a break fee of $225,000 payable to the Investment Firm if, for any reason, the company decides not to proceed with the funding.
Sean Schaeffer, CEO of Zoomaway Travel, commented, “After years of planning, we are very excited to begin taking the ZoomedOUT platform into development. We believe that by offering everyone a more engaging way to experience the world around them, we will change people’s perspective and in-turn become a true pioneer in the gamification of travel, and possibly more. This is a product we believe can change the face of the Hospitality Industry forever.”
The company is working with social gaming developer Zero 8 Studios to identify acquisition opportunities as well as begin development on this project as soon as the funding is available. Ryan Cullins, CEO of Zero 8 Studios, commented “As a shareholder of ZoomAway Travel and the developer of the ZoomedOUT platform, we have a unified interest in creating a product that we expect to disrupt multiple industries simultaneously. In over 20 years as a developer, I have never come across a concept with more revenue-generating potential than ZoomedOUT.”
All securities issued or issuable in connection with the Notes and loans are or will be subject to a statutory hold period expiring on the date that is four months and one day after the distribution date. None of the securities issued or issuable in connection with the Notes and loans will be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
"After years of planning, we are very excited to begin taking the ZoomedOUT platform into development. We believe that by offering everyone a more engaging way to experience the world around them, we will change people's perspective and in-turn become a true pioneer in the gamification of travel, and possibly more. This is a product we believe can change the face of the Hospitality Industry forever.”Sean Schaeffer, CEO
“As a shareholder of ZoomAway Travel and the developer of the ZoomedOUT platform, we have a unified interest in creating a product that we expect to disrupt multiple industries simultaneously. In over 20 years as a developer, I have never come across a concept with more revenue-generating potential than ZoomedOUT.”Ryan Cullins, CEO of Zero 8 Studios
For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 or email@example.com.
ZoomAway, Inc. (Nevada Co.) 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 recreational needs. Additional information about ZoomAway Inc. can be found at www.zoomawaytravelinc.com.
Travel Game Block Chain Inc. (Canadian Co.) is our new company dedicated to housing new projects in the Digital Games and Block Chain formats.
Active Smart Contract Inc. (Nevada Co.) is currently in scheduled development and planned as a service provider, enabling merchants to accept both credit card and crypto currency payments on a single platform. Proposed Active Smart Contract features will facilitate simple integration for ecommerce websites, apps, and others to process multiple payment types with a simple set of APIs. The framework will allow merchants to manage their transactions through a robust reporting system. www.activesmartcontract.com
About ePlay Digital
ePlay Digital Inc. is a mobile game creator and publisher specializing in sports and entertainment augmented reality titles. ePlay is operated by an award-winning team of sports, gaming and eSports leaders as well as broadcast and digital technology industry experts, software engineers and athletes who have brought the dozens of game titles to market for companies including Time Warner Cable, ESPN, Sony Pictures, AXS TV, Intel, AXN, Fiat, CBS, and others.
Mobovivo is a wholly owned services-based subsidiary of ePlay Digital. Mobovivo develops real-time fan engagement technologies that enable TV networks, venues, teams, leagues and brands to evolve and meet the demands of today’s highly-engaged audiences. Mobovivo bridges the gap between traditional broadcast and dynamic, next-generation multi-platform networks that deliver interactive content, live streaming, augmented reality, fantasy sports, and social media across multiple devices.
About Core Coinz
To supercharge fan engagement Core fuses entertainment, sports, and esports to create a new level of events, sponsorship, merchandise sales, and betting. By utilizing the blockchain, Core is the first of its kind technology platform and ecosystem for augmented reality sports and
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 its 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.
NOT FOR DISSEMINATION OR RELEASE IN THE UNITED STATES
FOR IMMEDIATE RELEASE IN CANADA