Tickers: XTSX:ZMA, PINX:ZMWYF
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VANCOUVER, BC / TheNewswire / December 7th, 2017 - ZoomAway Travel Inc. (TSXV: ZMA) (the "Company") www.zoomawaytravel.com is pleased to announce that it has chosen to use Ethereum to institute its Blockchain integration. Ethereum is a recognized leader in both Blockchain and Crypto Currency and provides Zoomaway a key trust component for it's own integrated Blockchain allowing the use of Crypto Currency.
Ethereum's Virtual Machine and open source developer tools will allow the company to fully integrate the advantages of BlockChain to its current systems. In particular, the Smart Contract features of Ethereum's platform are of great use to Zoomaway. Most of the company's daily operations and interactions with customers are based on contracts, and the details, regulations, rates and inventory rules that come with them. The Smart Contract tools will allow the company to: continue to reduce overhead in both accounting and administration, to instantly distribute funds to vendors for rooms or activities, to integrate instant refunds or credits for changes or cancellations, and to accept both traditional and non-traditional forms of payment at the same time.
The integration of these tools will provide both Zoomaway Nevada and Travel Game Block Chain (Canadian Subsidiary) with a shared backend running on the same services. The core backend changes will also allow for an easy and quick product delivery to any potential Licensee's in any market.
"The Hospitality Industry is changing very quickly, the onset of Blockchain and Crypto Currency projects like LockChain (Lockchain.co) and Winding Tree (Windingtree.com) are signaling huge changes in the way 3rd parties are going to operate in the future." Stated Sean Schaeffer, CEO of Zoomaway Travel Inc. "We are watching the space very carefully and there is a very good chance that 3rd parties, mainly the large OTA's are going to be greatly affected by the success of companies like these. The middle man is in great jeopardy as these companies are promising no mark-ups in a direct channel between the hotel or property owner and the consumer. Our bundling software and activity knowledge will help us work with companies like these that are focusing just on room only services."
For additional information contact: Sean Schaeffer, President, ZoomAway Inc.,
at 775-691-8860 or sean@zoomaway.com.
About Us
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 recreation 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. The company is working on a new company website and presentation materials for its projects and will make an announcement when these are complete.
Forward Looking Statements
Ethereum, Lockchain, and Winding Tree are private companies with registered trademarks. Zoomaway is not associated with these companies in any formal manner. Zoomaway is only using "Open Source" developer tools made available to anyone.
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.
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