Proactiveinvestors Australia ZoomAway Travel Inc https://www.proactiveinvestors.com.au Proactiveinvestors Australia ZoomAway Travel Inc RSS feed en Thu, 18 Jul 2019 23:19:37 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - ZoomAway Travel subsidiary in talks with Windsor Brown over cryptocurrency exchange project ]]> https://www.proactiveinvestors.com.au/companies/news/191170/zoomaway-travel-subsidiary-in-talks-with-windsor-brown-over-cryptocurrency-exchange-project-191170.html ZoomAway Travel Inc (CVE:ZMA), the tech group rapidly embracing blockchain, has announced it is in talks concerning its involvement in a cryptocurrency exchange project.

ZoomAway's wholly owned subsidiary Active Smart Contract Inc has begun talks with British Columbia based Windsor Brown Corp.

READ THE BIG PIC - ZoomAway Travel embracing blockchain, which is set to push out middle man in hospitality and activities industries

The latter is building a cryptocurrency exchange and has sought out Active Smart Contract and its company president Tim Berfield "to consider adding specific pieces to their project", ZoomAway said.

Active Smart is planned as a service provider, which  helps merchants to accept both credit card and cryptocurrency payments on a single platform.

Mainly, Windsor is looking for a technology partner with the payment processing and customer relationship management (CRM) experience that  "ASC and  Berfield can bring to the table".

"At this time, we are in talks to discuss the depth of the relationship going forward, whether it be a simple working relationship with ASC as a subcontractor or whether the two companies explore a deeper relationship, including either a joint venture or revenue-share arrangement," said Tim Berfield, president of Active Smart Contract and the chief technology officer at ZoomAway Travel Inc.

"We are conducting due diligence at this time and are confident that we will be able to get to a letter of intent (LOI) very soon," he added.

READ - ZoomAway Travel soars as it launches new payment-processing platform, to include cryptocurrency

Last month, Zoomaway said it had launched a new Nevada subsidiary, which will be a payment-processing platform.

It will allow merchants to bill customers by credit card, ACH (automated clearinghouse) or cryptocurrency.

And also in January, the hospitality focused firm said it would integrate blockchain technology into its systems, including accepting cryptocurrency as payment.

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Mon, 05 Feb 2018 11:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191170/zoomaway-travel-subsidiary-in-talks-with-windsor-brown-over-cryptocurrency-exchange-project-191170.html
<![CDATA[News - ZoomAway Travel soars as it launches new payment-processing platform, to include cryptocurrency ]]> https://www.proactiveinvestors.com.au/companies/news/190266/zoomaway-travel-soars-as-it-launches-new-payment-processing-platform-to-include-cryptocurrency-190266.html ZoomAway Travel Inc (CVE:ZMA), the tech group rapidly embracing blockchain, has launched a new Nevada subsidiary, which will be a payment-processing platform, sending shares soaring.

It will allow merchants to bill customers by credit card, ACH (automated clearinghouse) or cryptocurrency , the company said.

Last week, the hospitality focused firm,  said it would integrate blockchain technology into its systems, including accepting cryptocurrency as payment.

 "While enabling our own e-commerce sites to accept crypto currencies, we were able to identity a real need for merchants that hasn't been adequately addressed," said Tim Berfield, chief technology officer at Zoomaway.

"The crypto space lacks accountability, customer service and clarity. We want to make accepting crypto as seamless as possible for our clients and allow them to see all of their transactions in one place."

Zoomaway chief Sean Schaeffer added:  "As we are adding to our Zoomaway infrastructure, we are continuing to identify new potential revenue streams.

"All the companies that we are forming will operate from the same central tool set. Each of our new entities provides integral pieces to the whole and hopefully will become their own profit centers."

ZoomAway shares are up over 28% at the time  of writing, at C$0.115..

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Thu, 18 Jan 2018 15:12:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190266/zoomaway-travel-soars-as-it-launches-new-payment-processing-platform-to-include-cryptocurrency-190266.html
<![CDATA[News - ZoomAway Travel embracing blockchain, which is set to push out middle man in hospitality and activities industries ]]> https://www.proactiveinvestors.com.au/companies/news/189896/zoomaway-travel-embracing-blockchain-which-is-set-to-push-out-middle-man-in-hospitality-and-activities-industries-189896.html ZoomAway Travel Inc (CVE:ZMA), the hospitality-focused tech group, is making great strides in its plans to integrate blockchain technology into its systems, including accepting cryptocurrency as payment.

The firm's platform is used by hotels, ski and golf resorts.

The company has successfully accepted such payments and plans to begin rolling out this feature into its white label and registration management system (RMS) clients over the next few weeks, it said.

Additional value ...

It is expected that this will offer additional value to customers and to ZoomAway by avoiding traditional merchant processing fees.

"Additional savings will attract more customers and lead to more bookings and lead generation. Equally important, the adoption of these types of payment methods is a key component to the company's Smart Contract integration," said Tim Berfield, the chief technology officer at the firm.

With smart contracts in mind, ZoomAway plans to create an "instant pay" environment with "digital wallets" on both ends of transactions where the company's vendors are automatically paid for goods and services.

This will solve a big problem in the hotel industry where hotels and activity providers are paid on a slow cycle, the company said.

A number of advantages ...

Smart contracts will have a number of advantages, including allowing the firm to automate more detail-oriented arrangements for large or small groups.

It will also allow the firm to build interfaces for instant bookings of large group business and create so-called 'travel IDs' for each customer that will improve payment and refund methods.

"Our strategies are aimed at disrupting the practices of the hospitality and activities industries that have created significant barriers to entry," added Berfield.

"Several large players have had a strangle hold on both lodging and activities for a long time, and there's a real push because of Blockchain to drive out the middle man.

"ZoomAway is focused on providing the most efficient products directly to hotels and activity providers so that they can deal with their customers directly."

Ethereum picked ...

Last month, shares in the firm surged as it told investors it will use the Ethereum software platform to integrate blockchain into its operations.

Ethereum's virtual machine and open-source developer tools will allow the company to "fully integrate the advantages" of blockchain to its current systems, the group told investors.

Shares closed on Wednesday at C$0.08.

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Thu, 11 Jan 2018 09:23:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189896/zoomaway-travel-embracing-blockchain-which-is-set-to-push-out-middle-man-in-hospitality-and-activities-industries-189896.html
<![CDATA[News - Zoomaway strengthens board with experienced fund-raising and community relations specialist ]]> https://www.proactiveinvestors.com.au/companies/news/188899/zoomaway-strengthens-board-with-experienced-fund-raising-and-community-relations-specialist-188899.html Christa Jones has agreed to join the Zoomaway Travel Inc (CVE:ZMA) board of directors.

Jones is currently the chief executive officer (CEO) of Club West Golf Management LLC and lives in Arizona.

She has previously been CEO or chief operations officer of several US-based companies primarily in the education sector.

She has extensive experience in both fund-raising and community relations in her 20 years as a high-level executive, Zoomaway said.

"She is exactly what we need as we continue to round out our board of directors,” said Sean Schaeffer, the CEO of Zoomaway.

“She is fearless and relentless and will serve this board well on any task that she undertakes. She has a great excitement about what our potential is, and she will jump headfirst into helping us execute the vision for the company", he added.

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Fri, 15 Dec 2017 11:13:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188899/zoomaway-strengthens-board-with-experienced-fund-raising-and-community-relations-specialist-188899.html
<![CDATA[News - ZoomAway Travel skyrockets as it picks Ethereum for its blockchain tech journey ]]> https://www.proactiveinvestors.com.au/companies/news/188609/zoomaway-travel-skyrockets-as-it-picks-ethereum-for-its-blockchain-tech-journey-188609.html ZoomAway Travel Inc (CVE:ZMA), the hospitality focused tech group, told investors it will use the Ethereum software platform to integrate blockchain into its operations.

Ethereum's virtual machine and open-source developer tools will allow the company to "fully integrate the advantages" of blockchain to its current systems, it said.

READ - ZoomAway Travel reveals plans to raise C$250,000 for working capital and development READ - ZoomAway unveils licensing model plans for its hospitality software

These tools, notably the smart contract one (which will reduce overheads), will provide both its main subsidiary Zoomaway Nevada and Travel Game Block Chain (Canadian subsidiary) with a shared backend running on the same services, it told investors.

"The hospitality industry is changing very quickly, the onset of blockchain and cryptocurrency projects like LockChain and Winding Tree are signalling huge changes in the way third parties are going to operate in the future," said Sean Schaeffer, chief executive of Zoomaway Travel.

"We are watching the space very carefully and there is a very good chance that third 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."

Shares of ZoomAway Travel in Toronto surged over 58% to C$0.095.

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Mon, 11 Dec 2017 14:22:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188609/zoomaway-travel-skyrockets-as-it-picks-ethereum-for-its-blockchain-tech-journey-188609.html
<![CDATA[News - ZoomAway Travel reveals plans to raise C$250,000 for working capital and development ]]> https://www.proactiveinvestors.com.au/companies/news/187926/zoomaway-travel-reveals-plans-to-raise-c250000-for-working-capital-and-development-187926.html ZoomAway Travel Inc (CVE:ZMA) plans to raise  C$250,000 via a private placing to be used for general working capital, marketing and research and development.

It will offer up to 5mln units at C$0.05 each.

Each unit consists of one share and a one-half of a warrant, with each whole warrant entitling the holder to acquire an additional voting share at $0.10 per share for 12 months after closing.

ZoomAway 's technology provides hotels and ski resorts and others with a platform that allows for the discounted packaging of lodging, ski, golf, activities and attractions.

Travel Game Block Chain Inc is its new Canadian subsidiary dedicated to the digital gaming and hospitality industries.

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Tue, 28 Nov 2017 11:25:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187926/zoomaway-travel-reveals-plans-to-raise-c250000-for-working-capital-and-development-187926.html
<![CDATA[News - ZoomAway unveils licensing model plans for its hospitality software ]]> https://www.proactiveinvestors.com.au/companies/news/187723/zoomaway-unveils-licensing-model-plans-for-its-hospitality-software-187723.html ZoomAway Travel Inc (CVE:ZMA) has told investors it is in the development stage of issuing operating licences for its proprietary hospitality-based software to qualified individuals and businesses in selected markets.

Management said it is in discussions with several interested entrepreneurs in “larger markets” such as Las Vegas, Vancouver and Florida.

By licensing out the software, ZoomAway expects to generate recurring revenues which provide good forward earnings visibility, while it will also reduce the company’s overhead costs.

Work has already begun on upgrading the bundling software and registration management system which should enhance the licensing to a wide variety of future users.

From hotels to resorts, travel agencies or entrepreneurs in a new market, the system changes will allow virtually anyone to bundle rooms and activities for individual travellers or for large groups, ZoomAway said.

The licensing model will allow the company's new partners to capture their own revenues and create their own relationships in their markets of choice.

Various pricing models and tiers will be available and ZoomAway expects first-quarter earnings from the licensing agreements.

"The company's future lays in its technology and the creation of new recurring revenue streams,” said chief executive Sean Schaeffer.

“Our time and labour are better spent delivering new tech and less on operating like a traditional travel company. We have the ability to provide virtually anyone the tools they need to handle their own business in their own backyard.

“While we can and will continue to provide outsource services to select clientele, we believe that rapid growth and expansion can be achieved via this model.

“Plain and simple, we have tools that no one else does under one roof and people are asking to use them.”

ZoomAway shares are up 9.1% to C$0.06 early on Thursday.

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Thu, 23 Nov 2017 10:38:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187723/zoomaway-unveils-licensing-model-plans-for-its-hospitality-software-187723.html
<![CDATA[News - Zoomaway Travel gets provisional patent for its software project for Travel Game Block Chain ]]> https://www.proactiveinvestors.com.au/companies/news/187533/zoomaway-travel-gets-provisional-patent-for-its-software-project-for-travel-game-block-chain-187533.html Zoomaway Travel Inc. (CVE:ZMA) said that it has received provisional patent protection in the US for its software project for Travel Game Block Chain Inc, its new Canadian subsidiary.

In a statement, the company said it believes this is the world's first combination of digital app-based games, hospitality and social media in its present new format.

READ: Zoomaway Travel forms new Canadian subsidiary as part of blockchain strategy

The company is aiming to create the first game-ified travel-booking experience in a two and one-half dimensional, amusement-park format.

The software project blends many current technologies and features blockchain with its existing reservation and inventory-management technologies.

Travel Game Block Chain's technology will provide users with an entertaining and educational representation of the destination they are traveling to, allowing them to virtually interact with the points of interest in their chosen destination.

Many of the activities and venues will be bookable from the game, and users will be able to share and create adventures via social media. Multiple booking opportunities will provide a consistent revenue stream for the company.

Zoomaway Travel said it is currently finalising plans for technology partners and costs to complete the project. 

READ: Zoomaway Travel to add crypto-currencies to its blockchain strategies

"The format today for booking travel is largely the same as it has been for the last 20 years  and has two inherent problems. First, most on-line travel agencies present a one-dimensional, flat website that is mainly a long list of hotels available in a destination.

"Secondly, there's very little to learn about the place you are going from these sites.

"We are going to provide fun interaction in a game format so that you can discover, reserve and share your experience," said Sean Schaeffer, chief executive officer of Zoomaway Travel.

"We believe that the potential revenue streams for a project like this are staggering and we are excited to provide our shareholders with such an opportunity. We believe that Travel Game Block Chain technology will truly revolutionize the Hospitality Industry as we are proposing the first combination of three of the world's largest and fastest growing sectors, Digital Gaming, Hospitality and Social Media."

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Mon, 20 Nov 2017 13:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187533/zoomaway-travel-gets-provisional-patent-for-its-software-project-for-travel-game-block-chain-187533.html
<![CDATA[News - Zoomaway Travel forms new Canadian subsidiary as part of blockchain strategy ]]> https://www.proactiveinvestors.com.au/companies/news/187391/zoomaway-travel-forms-new-canadian-subsidiary-as-part-of-blockchain-strategy-187391.html Zoomaway Travel Inc (CVE:ZMA) has created a new Canadian subsidiary called Travel Game Block Chain Inc dedicated to the digital gaming and hospitality industries.

"With the recent shift in focus to blockchain implementation and all that comes with it, we want to make sure that we are continuing to diversify the company, avoiding any confusion about our many current and future projects," said Sean Schaeffer, chief executive at Zoomaway Travel.

"As we are making plans for the new company, we are going to actively look for projects, partnerships and or joint ventures in the digital games space, which continues to grow at an unbelievable pace.

"Blockchain will play a big role in this industry going forward and we aim to use our knowledge and relationships from our sister Nevada company to further this new endeavour as well."

Earlier this week the group  said that the US state of Nevada, where its main subsidiary is based, was  a perfect place to embrace and develop blockchain technologies.

"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 its business plans," the firm told investors.

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Thu, 16 Nov 2017 11:34:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187391/zoomaway-travel-forms-new-canadian-subsidiary-as-part-of-blockchain-strategy-187391.html
<![CDATA[News - Zoomaway Travel Inc says Nevada perfect place for Block Chain ]]> https://www.proactiveinvestors.com.au/companies/news/187250/zoomaway-travel-inc-says-nevada-perfect-place-for-block-chain-187250.html Zoomaway Travel Inc (CVE:ZMA) said the state of Nevada, where its main subsidiary is based,  a perfect place to embrace and develop blockchain technologies.

"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 its business plans," the firm told investors in a brief statement.

The  hospitality and  tech group added it was actively searching out Block Chain companies in the state that "we may be interested in collaborating with in the future".

Blockchain is an emerging technology in the business world, which is a method companies can put money in place for projects and growth using new currencies.

ZoomAway Inc provides hotels, golf resorts and ski resorts  with a scalable platform that allows for the discounted packaging of lodging, ski, golf, activities and attractions. 

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Tue, 14 Nov 2017 10:58:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187250/zoomaway-travel-inc-says-nevada-perfect-place-for-block-chain-187250.html
<![CDATA[News - Zoomaway Travel to add crypto-currencies to its blockchain strategies ]]> https://www.proactiveinvestors.com.au/companies/news/187166/zoomaway-travel-to-add-crypto-currencies-to-its-blockchain-strategies-187166.html Zoomaway Travel Inc (CVE:ZMA), the hospitality and tech group, revealed it will be implementing so called blockchain technologies into its existing platforms.

Blockchain is an emerging technology in the business world, which is a method companies can put money in place for projects and growth using new currencies.

READ: Zoomaway Travel to update soon on Zero 8 Studios deal

The firm also currently plans to incorporate various forms of crypto-currency into its platforms, it said.

The company is planning to work with several of these providers to give customers a wide variety of payment options.

"As we continue to grow our blockchain strategies, we are continuously looking for ways to improve our customers experience and to modernize the hospitality Industry wherever possible," said Sean Schaeffer, chief executive of Zoomaway Travel Inc.

"We believe that these implementations will help drive us towards an even more seamless process for the end user and will help us acquire even more vendors to adopt our products.

"We are always striving to make our processes better and easier to use, and providing more payment options to our customers will hopefully help us increase sales and trim costs that we associated with older payment technologies."

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Mon, 13 Nov 2017 08:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187166/zoomaway-travel-to-add-crypto-currencies-to-its-blockchain-strategies-187166.html
<![CDATA[News - Zoomaway Travel to update soon on Zero 8 Studios deal ]]> https://www.proactiveinvestors.com.au/companies/news/183558/zoomaway-travel-to-update-soon-on-zero-8-studios-deal-183558.html Zoomaway Travel Inc (CVE:ZMA) updated investors on progress, notably its revenue share agreement struck with gaming platform Zero 8 Studios in May.

The firm believes this offers a tremendous new opportunity as Zoomaway and Zero8 both offer white-label technology platforms to clients that span the hotel, casino and resort arenas.

"In the coming weeks, the company will provide you with more detail regarding the crossover between the two companies and how the synergies between them provide for real opportunity in one of the fastest-growing industries, the app-based games industry," Zoomaway said.

"As part of its agreement with Zero 8, the company was to provide it with $600,000 (U.S.) to grow two of their specific products (SpinRush and PES). This investment was to come back to the company in full through revenues on these programs and included a preferred return of 8 per cent for its shareholders."

Zoomaway noted it has a provisional patent in place to create a product that "should change the hospitality industry forever".

In addition, the firm said it had grown its client base in Las Vegas and coastal California and has footholds in other markets like Palm Springs and Napa.

"Its vice-president of sales, Toni Koster, is moving to Florida at the end of September to open that market, and the company is very excited about her prospects there," it added

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Wed, 06 Sep 2017 15:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183558/zoomaway-travel-to-update-soon-on-zero-8-studios-deal-183558.html
<![CDATA[News - Zoomaway Travel unveils more changes at top with new director ]]> https://www.proactiveinvestors.com.au/companies/news/183469/zoomaway-travel-unveils-more-changes-at-top-with-new-director-183469.html Zoomaway Travel Inc (CVE:ZMA), the hospitality tech group, said energy industry consultant and corporate lawyer Kyle Scott has joined the  group as a director.

He currently serves as the vice-president, legal, and general counsel of Solid Industrial Solutions, an energy industry services company based in Alberta with operations across Canada.

"Mr. Scott's experience in corporate law, business development, mergers and acquisitions, and related fields will be a tremendous asset to the management and growth of Zoomaway," the group said in a regulatory statement.

It comes after director and chairman Jerry Grafstein at the end of August this year  tendered his resignation from the board.

Grafstein  was founder of Zoomaway's former company, Multivision Communication Corp, where he was an integral part for over 20 years.

Director Sean Schaeffer will replace Grafstein as the chairman of the board.

Last week it was revealed that Schaeffer had been appointed as interim president and chief executive with effect from August 29.

The same day, Dan Morgan resigned as interim president and chief executive of Zoomaway Travel, and as president of Zoomaway Nevada Inc.

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Tue, 05 Sep 2017 09:19:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183469/zoomaway-travel-unveils-more-changes-at-top-with-new-director-183469.html
<![CDATA[News - Zoomaway Travel founder returns as interim chief at the tech group ]]> https://www.proactiveinvestors.com.au/companies/news/183263/zoomaway-travel-founder-returns-as-interim-chief-at-the-tech-group-183263.html Zoomaway Travel Inc (CVE:ZMA) announced that Sean Schaeffer has been appointed as interim president and chief executive of the leisure and tech group with effect from August 29.

The same day, Dan Morgan resigned as interim president and chief executive of Zoomaway Travel, and as president of Zoomaway Nevada Inc.

"The board thanks Mr. Morgan for his service to the company and wishes him the best in his future endeavours," the firm said in a brief statement  today.

Schaeffer, the founder of the firm,  has returned as director and also president of Zoomaway Nevada.

In July this year, it was reported that Schaeffer has given up the role of chief executive officer to focus on being the company's business development manager.

In addition, effective from August 28 this year, Robert Cashell has resigned as a director of the company.

Last week, the group said it had signed a white-label agreement to provide its booking and reservation solution platform for the Napa Valley Wine Train.

The train has been running in California since 1864, running through one of the world's top wine-growing regions.

Zoomaway's scalable white-label technology platform will be working behind the scenes on the Napa Valley Wine Train web site, enabling customers planning to visit the Napa Valley to book their Wine Train experience and in the same transaction sort out the overnight accommodation.

Zoomaway provides hotels, golf resorts and ski resorts, among others, an integrated technology platform that allows for the discounted packaging of lodging, ski, golf, activities and attractions.

Shares are unchanged in Toronto at $0.03

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Thu, 31 Aug 2017 13:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183263/zoomaway-travel-founder-returns-as-interim-chief-at-the-tech-group-183263.html
<![CDATA[News - Zoomaway Travel's booking platform to be used on Napa Valley Wine Train web site ]]> https://www.proactiveinvestors.com.au/companies/news/182949/zoomaway-travel-s-booking-platform-to-be-used-on-napa-valley-wine-train-web-site-182949.html Zoomaway Travel Inc (CVE:ZMA) has signed a white-label agreement to provide its booking and reservation solution platform for the Napa Valley Wine Train.

The Napa Valley wine train has been running in California since 1864, running through one of the world's top wine-growing regions.

Zoomaway's scalable white-label technology platform will be working behind the scenes on the Napa Valley Wine Train web site, enabling customers planning to visit the Napa Valley to book their Wine Train experience and in the same transaction sort out the overnight accommodation.

"The Napa Valley Wine Train is one of California premiere activities destinations. Our partnership and placement of the Zoomaway white-label technology platform will allow their customers to book on-line and package their Wine Train journey with hotel rooms and, ultimately, other amenities and activities," said Sean Schaffer, founder of Zoomaway Travel.

"We believe the platform will enhance customer service and loyalty while ultimately increasing bookings," he added.

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Thu, 24 Aug 2017 16:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/182949/zoomaway-travel-s-booking-platform-to-be-used-on-napa-valley-wine-train-web-site-182949.html
<![CDATA[News - ZoomAway's founder Sean Schaeffer gives up CEO role to concentrate on business development ]]> https://www.proactiveinvestors.com.au/companies/news/181658/zoomaway-s-founder-sean-schaeffer-gives-up-ceo-role-to-concentrate-on-business-development-181658.html Zoomaway Travel Inc (CVE:ZMA) founder Sean Schaeffer has given up the role of chief executive officer to focus on being the company's business development manager.

Freed of responsibilities as a director, Schaeffer will be able to focus on on marketing the company's solutions and overseeing product development.

Dan Morgan, president of Zoomaway Inc, Zoomaway Travel's wholly owned subsidiary, will serve as the interim president and chief executive officer of the company.

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Fri, 28 Jul 2017 11:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/181658/zoomaway-s-founder-sean-schaeffer-gives-up-ceo-role-to-concentrate-on-business-development-181658.html
<![CDATA[News - ZoomAway Travel excited about sales potential of SpinRush platform ]]> https://www.proactiveinvestors.com.au/companies/news/178214/zoomaway-travel-excited-about-sales-potential-of-spinrush-platform-178214.html ZoomAway Travel Inc (CVE:ZMA) is to market a new version of free-to-play casino called SpinRush, which has been released by its partner Zero8 Studios Inc.

Earlier this month, the pair struck a deal to market and develop the Zero8 Studios' gaming products.

READ - ZoomAway Travel inks deal to market Zero8 Studios Inc games READ - Zoomaway Travel doubles client base in last six months

"The SpinRush platform gives our sales team yet another solution for our existing hospitality and gaming clients," said Sean Schaeffer, chief executive of Zoomaway.

"Our clients are asking for new solutions to engage, retain and entertain millennial consumers."

He added: "The quality of the Zero8 products gives us a significant point of entry as we expand our white-label technology solution in new markets."

The platform allows casinos, resorts properties and businesses to have a white-labelled solution to a virtual free-to-play casino and arcade outside the regulated gaming space. It included social-based, interactive games such as Slots, Video Poker and Blackjack.

The SpinRush platform  also allows for property to user advertising, promotion, branding, integration with property data stores, noted Zoomaway.

Revenues are generated as players run out of credits, then make in-game purchases of additional credits to continue the game.

Under a five-year deal, Zoomaway has the exclusive, worldwide reseller rights to SpinRush , with Zoomaway initially receiving 70% of adjusted net revenues and Zero8 Studios receiving 30%.

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Tue, 23 May 2017 11:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/178214/zoomaway-travel-excited-about-sales-potential-of-spinrush-platform-178214.html
<![CDATA[News - ZoomAway Travel inks deal to market Zero8 Studios Inc games ]]> https://www.proactiveinvestors.com.au/companies/news/177166/zoomaway-travel-inks-deal-to-market-zero8-studios-inc-games-177166.html ZoomAway Travel Inc (CVE:ZMA) has struck a deal with Zero8 Studios Inc to market and develop the latter's gaming products.

Zoomaway and Zero8 both offer white-label technology platforms to clients that span the hotel, casino and resort arenas and the partnership wants to tap into the potential growth in the crossover between the multibillion-dollar hospitality and emerging social gaming industry.

READ - Zoomaway Travel doubles client base in last six months READ - ZoomAway Travel looking at marijuana tourism potential in US

Zoomaway will carry out sales and marketing for Zero8's social gaming platform, SpinRush, and its customer acquisition and retention system, Promotional Entertainment System (PES).

"We are elated to create a partnership between Zoomaway and Zero8," said Ryan Cullins, Zero8 chief executive.

"It creates an enormous opportunity that we expect to be mutually beneficial as we work together to develop gamified, white-labelled products focused on traditional and millennial audience, while growing an ever-expanding suite of products and games that everyone can enjoy."

SpinRush is a skill-based, millennial-centric, social platform that enables casinos, or any business, to have a branded mobile gaming solution in a virtual free-to-play casino and arcade outside of regulated gaming space.

SpinRush is monetized via standardized in-game virtual currency system with virtual credits.

Meanwhile, the Promotional Entertainment System (PES) is a large multitouch interactive display allowing players to engage in a "gamified, non-gambling promotional experience", said Zoomaway.

PES is designed to replace archaic kiosk ticket systems and appeal to the social gaming market.

The terms of the five-year agreement provide for exclusive, worldwide reseller rights and revenue sharing based on an initial 70%/30% adjusted net revenues.

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Tue, 02 May 2017 09:27:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177166/zoomaway-travel-inks-deal-to-market-zero8-studios-inc-games-177166.html
<![CDATA[News - Zoomaway Travel doubles client base in last six months ]]> https://www.proactiveinvestors.com.au/companies/news/175554/zoomaway-travel-doubles-client-base-in-last-six-months-175554.html ZoomAway Travel Inc (CVE:ZMA) says it's more than doubled the number of clients since October last year when it listed in Toronto, as it updated investors on Tuesday on progress.

The group's Nevada subsidiary, Zoomaway Inc revealed its client base and digital footprint have more than doubled since then and it has reached several milestones.

READ - ZoomAway Travel: Ready for take-of READ - ZoomAway Travel, Zero8 to jointly develop mobile games

Among these is that the firm has expanded into several key locations, including Las Vegas, Northern California's coastal regions and in the Pacific Northwest.

This increase in the company's digital footprint has led to direct revenues and sales opportunities while opening up new lead channels that were not available to the company in 2016, it said.

In addition, Zoomaway has doubled its client base in both its white label and RMS (records management systems) products.

The firm's new clients include one of the world's largest ski corporations, a publicly traded group of nine hotel casinos in Las Vegas, an operating company with 30 golf courses in their portfolio, and a PGA tour event.

Sean Schaeffer, chief executive, said today: "This substantial increase in our embedded booking tools has more than quadrupled traffic to our points of sale.

"We spent most of 2016 building for capacity and we're seeing that our turnaround time for our deliverables has generally averaged 2.5 days. I'd call that a win and time well spent on infrastructure."

Notable recent activity..

It's already been a busy 2017 for the group.

Earlier this month, its wholly-owned Nevada subsidiary, Zoomaway Inc, has entered into a non-binding letter of intent with Zero8 Studios Inc to pursue the joint marketing and sales of white-label free-to-play mobile games.

"The Zero8 Studios white-label free-to-play mobile games platform, and its on-property kiosk program, is a great fit with ZoomAway's focus on software products..,"Schaeffer had said.

Also this month it told investors it was hoping to make inroads into the emerging US cannabis hospitality and tourism industry and is researching the sector.

It comes as the recreational use of marijuana has been legalised in several states, including Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon and Washington. Zoomaway feels that the adoption of cannabis hospitality and tourism by lodging, activities and transportation is soon to be on its way.

A work in progress..

ZoomAway Travel Inc may only have listed on the TSX Venture Exchange last October, but the company has been a work in progress for almost 20 years.

Founder Schaeffer first came up with the idea of packaging hotel rooms with leisure activities in the 1990s.  Fast-forward to today and the solution is digital, with ZoomAway enabling travellers to bundle rooms with activities such as golf and skiing directly through partner hotel websites that use its White Label platform.

By bundling a room with leisure activities, guests save both money and time.

Instead of searching the Internet or calling around to book tee times, travellers can make easier choices and reserve right on the White Label hotel partner’s website.

Additionally, once a guest has chosen a hotel room and activities, they pay for everything in one transaction. Hotels find that they receive additional traffic from guests who want to stay at partner properties due to access to activities and the ability to tailor a package that perfectly suits their needs

Schaeffer targets gross margins for the White Label platform of between 17% and 24%. As an example, a hotel room in Reno might earn ZoomAway US$16.80 (assuming a 20% margin) while in San Francisco, using a 20% margin, ZoomAway would earn US$60 per night.

ZoomAway shares added 3.45% in Toronto to stand at $0.15 each.

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Tue, 28 Mar 2017 10:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/175554/zoomaway-travel-doubles-client-base-in-last-six-months-175554.html
<![CDATA[News - ZoomAway Travel looking at marijuana tourism potential in US ]]> https://www.proactiveinvestors.com.au/companies/news/175154/zoomaway-travel-looking-at-marijuana-tourism-potential-in-us-175154.html ZoomAway Travel Inc (CVE:ZMA) hopes to make inroads into the emerging US cannabis hospitality and tourism industry, it told investors.

It comes as the recreational use of marijuana has been legalised in several states, including Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon and Washington.

Its subsidiary in Nevada is now researching this opportunity.

Zoomaway feels that the adoption of cannabis hospitality and tourism by lodging, activities and transportation is on its way.

Chief executive Sean Schaeffer said: "We have been identifying several different opportunities in the United States in this space for the past several months.

"With our ultradiverse suite of technology products, we believe that we can capitalize on this growing market and be at the forefront of continued expansion.

"We also have the added benefit of being in Nevada, which has recently joined the wave of states to become marijuana friendly.

"Any potential start-ups or existing tour operators would not only benefit from Zoomaway's booking technology and platforms, but would gain the added benefit of using our extensive hotel and outdoor activity inventory."

ZoomAway provides hotels, golf and ski resorts with a scalable and integrated technology platform to offer discounted packages. 

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Tue, 21 Mar 2017 09:53:00 +1100 https://www.proactiveinvestors.com.au/companies/news/175154/zoomaway-travel-looking-at-marijuana-tourism-potential-in-us-175154.html
<![CDATA[News - ZoomAway Travel’s new CFO cuts the Mustard ]]> https://www.proactiveinvestors.com.au/companies/news/174847/zoomaway-travels-new-cfo-cuts-the-mustard-174847.html ZoomAway Travel Inc (CVE:ZMA) has bolstered its management team with the appointment of David Mustard as chief financial officer.

Mustard is a certified public accountant in the state of Nevada and has more than two decades of experience as a senior financial executive.

He’s worked with several hotel-casinos – similar to some of ZoomAway’s clients – which have generated underlying revenues [EBITDA] from as little as US$1mln right up to US$100mln+.

Mustard has also worked with publicly traded companies, which will no doubt help ZoomAway which is still in its first year on the TSX Venture Exchange.

“His professional career is demonstrated in his abilities as a financial leader and problem solver, with expertise in establishing financial systems, turn-around of deteriorating financials and working through regulatory issues,” ZoomAway said in a statement.

“His extensive background in the hospitality industry will be an asset to the Company as it pursues its growth objectives.”

Shares closed at C$0.12 on Tuesday.

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Wed, 15 Mar 2017 09:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174847/zoomaway-travels-new-cfo-cuts-the-mustard-174847.html
<![CDATA[News - ZoomAway Travel, Zero8 to jointly develop mobile games ]]> https://www.proactiveinvestors.com.au/companies/news/174638/zoomaway-travel-zero8-to-jointly-develop-mobile-games-174638.html ZoomAway Travel Inc’s (CVE:ZMA) wholly-owned Nevada subsidiary, Zoomaway Inc., has entered into a non-binding letter of intent with Zero8 Studios Inc. to pursue the joint development, marketing and sales of white-label free-to-play mobile games and the Zero8 kiosk platform in the gaming industry.

"The Zero8 Studios white-label free-to-play mobile games platform, and its on-property kiosk program, is a great fit with ZoomAway's focus on software products that can touch all corners of the hospitality industry. We believe that these types of products will bring us new and exciting technology opportunities to the current stale hospitality industry. Our customers are asking for products that will attract, engage and retain the younger market segment like millennials. We will continue to partner with them to enhance their customer's loyalty and experience," said Sean Schaeffer, chief executive officer of ZoomAway Travel.

Subject to completion of the remaining conditions, ZoomAway Travel and Zero8 Studios will endeavour to complete a definitive agreement within 30 days that will grant ZoomAway the exclusive, worldwide rights to the sales and marketing of the Zero8 free-to-play mobile game platform and the Zero8 kiosk platform. In addition, ZoomAway and Zero8 will work jointly in the development of future platforms that will enhance customer's mobile gaming and travel experience.

"We are very excited about the opportunity to partner with ZoomAway. Our collaborative efforts will truly expand the potential to combine games, hospitality and travel far beyond mainstream tactics," commented Ryan Cullins, chief executive officer of Zero8 Studios.

ZoomAway Travel shares were up 4.2% to C$0.12 on Friday.

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Fri, 10 Mar 2017 14:56:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174638/zoomaway-travel-zero8-to-jointly-develop-mobile-games-174638.html
<![CDATA[News - ZoomAway releases booking platform for Eldorado resorts ]]> https://www.proactiveinvestors.com.au/companies/news/172724/zoomaway-releases-booking-platform-for-eldorado-resorts-172724.html ZoomAway Travel Inc’s (CVE:ZMA; Frankfurt:4ZO) wholly-owned Nevada subsidiary, ZoomAway Inc., has launched the company's white-label technology booking solution for the websites of Eldorado Resorts, Eldorado Resort Casino, Silver Legacy Resort Casino and Circus Circus Hotel Casino in Reno, Nev.

With the scalable white-label technology platform embedded in each website, Eldorado, Silver Legacy and Circus Circus customers can now conveniently book lodging and activity packages in one simple transaction, resulting in a single itinerary and cost savings for guests.

"The Eldorado Resorts brands and facilities represent the premiere gaming resorts in Reno. Our partnership and placement of the Zoomaway white-label technology platform will allow their customers to book on-line, and package their hotel rooms, amenities and activities, including ski and golf, in one simple transaction," stated Sean Schaffer, Zoomaway Travel chief executive officer.

"As well, we believe the platform will enhance customer service and loyalty while ultimately increasing bookings."

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Mon, 06 Feb 2017 14:56:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172724/zoomaway-releases-booking-platform-for-eldorado-resorts-172724.html
<![CDATA[News - ZoomAway tees it up with PGA Tour event ]]> https://www.proactiveinvestors.com.au/companies/news/172115/zoomaway-tees-it-up-with-pga-tour-event-172115.html ZoomAway Travel Inc (CVE:ZMA) has inked a partnership deal that will see its technology used at an official PGA Tour event, the Barracuda Championship.

The tournament, held in Reno, Nevada in early August, will use ZoomAway’s white label software, RMS reservations system, as well as an event ticketing solution.

Players, caddies and volunteers will be also to use the room only reservation module, while golf fans will be able to book tickets and accommodation bundles, for example.

This will be ZoomAway’s first event to use the Registration Management System (RMS), white label technology platform and ticketing technology system concurrently on one website.

"This is a significant step for Zoomaway and our technology platforms. Not only are we collaborating with the Barracuda Championship, an official PGA TOUR Event, we are putting all our technology to work within a single website," said Zoomaway chief Sean Schaeffer.

Tournament director, Chris Hoff, added: “This level of service could very well set a new benchmark.”

Shares closed at C$0.19 on Monday.

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Tue, 24 Jan 2017 08:44:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172115/zoomaway-tees-it-up-with-pga-tour-event-172115.html
<![CDATA[News - ZoomAway “well-positioned” for future growth ]]> https://www.proactiveinvestors.com.au/companies/news/171891/zoomaway-well-positioned-for-future-growth-171891.html ZoomAway Travel Inc (CVE:ZMA) has told investors it is “well-positioned” for future growth given the recent investment it has made in its personnel and its technology.

The group – whose software allows holidaymakers to bundle accommodation and leisure activities into one low cost booking – only came to market in October following the reverse takeover of ZoomAway from Multivision Communications Corp.

It subsequently raised US$2.3mln from investors upon listing and has spent this money on improving its software and bringing on board experienced personnel.

During its short time as listed company, ZoomAway has also moved outside of its native Reno, Nevada market and now has multiple partnerships with hotels and resorts in Las Vegas and California.

“We believe that through our recent technical and sales hires, expansion into new and high value markets, and increased investment into technology and new product offerings, that Zoomaway is well-positioned to become the partner of choice for hotels, resorts, gaming properties and activity providers,” said President and chief executive Sean Schaeffer.

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Thu, 19 Jan 2017 09:35:00 +1100 https://www.proactiveinvestors.com.au/companies/news/171891/zoomaway-well-positioned-for-future-growth-171891.html
<![CDATA[News - ZoomAway Travel: Ready for take-off ]]> https://www.proactiveinvestors.com.au/companies/news/171559/zoomaway-travel-ready-for-take-off-171559.html Although ZoomAway Travel Inc (CVE:ZMA; Frankfurt:4ZO) may only have listed on the TSX Venture Exchange in October, the Company has been a work in progress for almost 20 years.

Founder and chief executive Sean Schaeffer first came up with the idea of packaging hotel rooms with leisure activities in the 1990s.  Fast-forward to today and the solution is digital, with ZoomAway enabling travellers to bundle rooms with activities such as golf and skiing directly through partner hotel websites that use its White Label platform.

By bundling a room with leisure activities, guests save both money and time. Instead of searching the Internet or calling around to book tee times, travellers can make easier choices and reserve right on the White Label hotel partner’s website.

Additionally, once a guest has chosen a hotel room and activities, they pay for everything in one transaction. Hotels find that they receive additional traffic from guests who want to stay at partner properties due to access to activities and the ability to tailor a package that perfectly suits their needs.

WATCH: Take a look at the whole booking process from start to finish

A key element of ZoomAway’s technology is that it maintains the brand integrity of each hotel’s website, as White Label offerings are typically found on an “Activities” or “Packages” page. And because hotels and activity providers cover the marketing costs for each component of a bundled solution, ZoomAway keeps its expenses under strict control.

History

ZoomAway was borne out of frustration. When Schaeffer had his ‘eureka moment’ he was working in the sales department for a hotel in his native Reno, Nevada, handling group bookings.

Sourcing rooms at the right price for large parties wasn’t a problem; finding accommodation for 10 or 15 travellers was.

“Every place I worked at there wasn’t a mechanism to handle those smaller group bookings,” Schaeffer told Proactive Investors. “So, unless you were a group of 20, 30 or 40 people, there was nothing you could do but book on your own.”

Spotting an opportunity, Schaeffer convinced his then employer to let him handle all group bookings – large and small. He went out on his own to do this, selling add-ons such as golf excursions along with rooms.  Calls would be re-routed to him, meaning customers would still think he was part of the hotel staff.

In other words, he was making money as an intermediary by white labelling his services. It is a low-cost model ZoomAway still embraces to this day – no marketing or advertising spend; no customer acquisition costs.

“The trick for me was that the hotels would do the marketing,” Schaeffer said. “The host would push the product and I would do all the booking for them. I’d take my pre-negotiated margin from the hotel rooms and the golf courses.”

Within two years of starting out in 1999 Schaeffer and his team were handling the group bookings for multiple hotels. Schaeffer eventually built his own software and reservation systems to handle the increased demand.

It wasn’t always plain sailing, though. One of ZoomAway’s main package deals was arranging hotel and ski bundles for guests in resorts and destinations such as Lake Tahoe.  Beginning in 2011, the Lake Tahoe region fell into the grips of a significant drought resulting in minimal snowfall for four straight years. “That was a wake-up call,” said Schaeffer. “We knew we needed to expand and get out of any weather-related geographic dependency.”

In other words, it was a case of run for the sun. Today, ZoomAway’s software is embedded in the websites of more than 20 hotels and resorts in Las Vegas, and the company continues to move west to California. The key is to get rid of seasonality, which is why ZoomAway is expanding into other markets.

As well as having more reliably sunny climates, these new territories can be far more profitable.

The average room rate in the company’s former heartland of Reno is US$84 a night. In Las Vegas it’s nearer to US$130, while tourist magnets such as San Francisco command average nightly rates in excess of US$300.

Products

Schaeffer targets gross margins for the White Label platform of between 17% and 24%. As an example, a hotel room in Reno might earn ZoomAway US$16.80 (assuming a 20% margin) while in San Francisco, using a 20% margin, ZoomAway would earn US$60 per night.

Well-known hotels and resorts – such as The Palms in Las Vegas – are on board, suggesting the model has some traction with the hospitality and entertainment industries.  

Recently, ZoomAway launched its new Reservation Management System (RMS) product. This is a recurring revenue product for which a resort pays an annual fee as well as transaction fees for bookings.

Using a link specific to an event such as a wedding or corporate outing, the RMS enables guests to individually book their own lodging, food, transportation and activities by choosing from a pre-set menu and paying accordingly for their choices. This eliminates administration and costs, while ensuring a better guest experience at the same time.  ZoomAway debuted the RMS in the fourth quarter of 2016 for a music festival in Tahoe.

To help fund the kind of growth that Schaeffer is targeting the company went public in October 2016, raising C$2.3mln in the process. “We hope to make a big splash in the coming year. We’ve spent a lot of money in 2016 getting the pipeline ready and getting the sales team hired,” Schaeffer said.

The plan is to triple the current domestic client roster to 150 by the end of the year.

If moving into new US territories was the first expansion stage, then taking the model global “is definitely the second phase,” Schaeffer said. Asked where he wants the firm to be in five years, Schaeffer replied: “If we can get to the point where we have over a thousand clients and we can continue to put cutting-edge technologies on the market along with a couple of companies that we have purchased, then that would look like success.”

Although the goal is to grow rather than sell the business, Schaeffer accepts ZoomAway may one day prove an attractive acquisition target. “If you look at Tripadvisor (NASDAQ:TRIP) as far as purchases go, who knows what their master plan is,” said Schaeffer. The same can be said for other online travel players, such as Priceline (NASDAQ: PCLN), Expedia (NASDAQ: EXPE), and Ctrip (NASDAQ: CTRP).

Combined, these four companies have made over US $8bn in acquisitions over the last two years, at various stages of development in a target’s lifecycle. One only needs to consider the multiples these companies trade at and their respective stock price performance to understand how the world has shifted its travel needs online.

And that means lots of opportunity for ZoomAway to expand by deploying its scalable technology into new markets.

 

ZoomAway at a glance Key information

·         Publicly traded as CVE:ZMA, Frankfurt:4ZO;

·         ZoomAway has two main products, its ‘White Label’ platform and its Reservation Management System (RMS);

·         White Label allows customers to buy stay-and-play packages (accommodation plus ski passes or green fees, for example);

·         ZoomAway’s software is embedded into its client websites and customised so visitors can’t tell that ZoomAway, rather than the hotel, is handling its package booking;

·         ZoomAway operates a call centre to deal with booking queries and other issues on behalf of clients. This provides localization and creates a barrier to entry;

·         The RMS allows larger groups (such as sports teams or convention participants) to conveniently book accommodation and activities packages;

·         The RMS is a tool allowing organisers to book and track individual lodging, activities and meal requests -- essentially, it takes the hassle out of booking hotel rooms and activities for large numbers of guests.

 

ZoomAway’s clients

·         The software is integrated on a rapidly growing number of hotel and resort websites (currently around 50 properties);

·         Several hotel/casinos in Las Vegas are clients, as are popular golf names Poppy Hills and Course Co.

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Thu, 12 Jan 2017 10:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/171559/zoomaway-travel-ready-for-take-off-171559.html
<![CDATA[News - ZoomAway to provide booking tech to CourseCo facilities ]]> https://www.proactiveinvestors.com.au/companies/news/171424/zoomaway-to-provide-booking-tech-to-courseco-facilities-171424.html ZoomAway Travel Inc. (CVE:ZMA) wholly-owned Nevada subsidiary, ZoomAway Inc., has partnered with CourseCo, a golf course management company, to provide the company's white-label technology booking solutions at six of CourseCo's 28 golf facilities under management, the company said on Tuesday.

CourseCo is one of the largest golf management companies in the Western United States, and manages 28 golf courses in California, Oregon, Washington and Texas.

Travel and leisure facility tech company ZoomAway's scalable white-label technology platform will be embedded in the following CourseCo-managed golf courses, and will allow CourseCo customers to make lodging reservations and book tee times in one simple transaction, resulting in a single-itinerary, significant cost savings and added convenience:

 

Pacific Grove Golf Links in Pacific Grove, Calif.; Napa Golf Course in Napa, Calif.; Sea Ranch Golf Links in Sea Ranch, Calif.; Santa Barbara Golf Club in Santa Barbara, Calif.; Juniper Golf Course in Redmond, Ore.; Palouse Ridge Golf Club at Washington State University in Pullman, Wash.

 

"CourseCo is one of the region's premier golf management companies. Their courses and facilities represent some of the West's premier golf experiences. Our partnership and placement of the ZoomAway's white-label technology platform will allow their customers to package their hotel rooms and tee times in one convenient on-line location, resulting in increases in bookings and greater customer loyalty," said Sean Schaeffer, president of ZoomAway Travel.

"CourseCo is very pleased to have ZoomAway as our exclusive partner, offering our golf destination customers enhanced digital tools to make their golf getaways simple to understand and incredibly easy to reserve," said Lance Merrihew, CourseCo director of marketing.

"Our golf clubs look forward to seeing immediate rounds booking growth after launch of the ZoomAway white-label technology. CourseCo will expand our golf destination programming, with ZoomAway as our partner, offering great golf experiences in highly desirable locations."

ZoomAway shares were up 2.6% at C$0.20 on Tuesday.

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Tue, 10 Jan 2017 14:53:00 +1100 https://www.proactiveinvestors.com.au/companies/news/171424/zoomaway-to-provide-booking-tech-to-courseco-facilities-171424.html
<![CDATA[News - ZoomAway shares jump after loss cuts in Q3 results ]]> https://www.proactiveinvestors.com.au/companies/news/169783/zoomaway-shares-jump-after-loss-cuts-in-q3-results-169783.html ZoomAway Travel Inc. (CVE:ZMA) shares jumped by 25% on Wednesday after the company announced a sharp compression in losses with its third quarter earnings.

In the three months ended Sept 30 the company’s comprehensive loss was C$88,316, compared with C$143,309 in the same period in 2015.

The company, which recently changed its name from Multivision Communications, also reported a nine-month comprehensive loss too Sept 30 which shrank to 310,437 from C$451,309 in the same period of 2015.

On October 3, 2016, the company completed a transaction with ZoomAway. Multivision Communications Corp. subsequently underwent a name change to ZoomAway Travel Inc. and is now listed under the symbol ZMA on the Toronto Venture Stock Exchange.

ZoomAway shares were up 25.6% to C$0.245 on Wednesday.

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Wed, 30 Nov 2016 14:16:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169783/zoomaway-shares-jump-after-loss-cuts-in-q3-results-169783.html
<![CDATA[News - Zoomaway Travel appoints Cashell as director ]]> https://www.proactiveinvestors.com.au/companies/news/169346/zoomaway-travel-appoints-cashell-as-director-169346.html Zoomaway Travel Inc. (CVE:ZMA) appointed Robert A. Cashell Sr. to the board of directors on Monday.

The company further announced that Altaf (Aly) Nazerali has resigned from the board.

Cashell's business career has spanned nearly 50 years primarily in the gaming industry. In 1967, he began his gaming career when he and four friends bought Bill & Effie's truck stop located just west of Reno, Nev. He personally managed the growth of the company, now known as Boomtown, and completed a master plan for the hotel and casino development. He sold his interest in 1988.

He later served as chairman of the board of Cashell Enterprises, a hotel casino management company, and owned, operated or managed numerous gaming properties including the Alamo Travel Plaza and the Topaz Lodge.

Cashell is one of Nevada's best known business and public figures having served on the University of Nevada System of Higher Education board of regents. Following his term as a university regent, he was elected lieutenant governor for the state of Nevada in 1982.

Working together with then-governor Richard Bryan, they created both the Nevada Commission on Economic Development and the Nevada Commission on Tourism. Cashell subsequently served as chairman of both commissions. Cashell was the mayor of the city of Reno from 2002 to 2014.

"In 1996, Mr. Nazerali co-founded Multivision Communications Corp., ZoomAway's former entity, and, from the same date, became the president and chief executive officer. Aly has been instrumental in the company's development throughout this time, and key to the financing and management of the company's new business and vision,” said Jerry Grafstein, QC, chairman of Zoomaway.

“We appreciate his continuation in the role as an independent adviser to Zoomaway," Grafstein added.

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Tue, 22 Nov 2016 10:06:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169346/zoomaway-travel-appoints-cashell-as-director-169346.html
<![CDATA[News - ZoomAway grants options to buy 2.87mln shares ]]> https://www.proactiveinvestors.com.au/companies/news/169095/zoomaway-grants-options-to-buy-287mln-shares-169095.html ZoomAway Travel Inc. (TSX-V:ZMA) has granted incentive stock options to certain directors, officers and employees to purchase up to 2,874,000 common shares under the company's incentive stock option plan, the company said on Wednesday.

Director and officer options will be granted for a period of five years, fully vested, and the remaining options will have vesting provisions over three years commencing on Nov. 15, exercisable at a price of 20 cents per share.

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Wed, 16 Nov 2016 14:08:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169095/zoomaway-grants-options-to-buy-287mln-shares-169095.html