ZoomAway Technologies Inc V.ZMA

Alternate Symbol(s): ZMWYF

Consumer Cyclical Lodging

ZoomAway Technologies Inc. is an online travel company. The Company is engaged in providing business and leisure travelers with tools and information to research, plan, book, and experience travel and destination services. The Company has one reportable segment, which consists of tourism and tour marketing specifically focused on the United States. ZoomedOUT is the Company’s flagship product with real-world hospitality features for businesses. ZoomedOUT also enables businesses to reach out to users and showcase what hospitality offerings they have, such as rooms, food, and activities. The Company provides access to three-dimensional (3D) buildings, roads, landmarks, cafes, and parks to build ZoomedOut. ZoomedOut provides a range of utility features, such as finding things to do, quests, advertisements, and game upgrades. ZoomedOut can filter the city to show it in a new way as it relates to the user’s search and interests, at an additional charge to the business.

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ZoomAway Technologies Inc > NEWS - ZMA multiplies grosso modo 7 times its Revenues.

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Post by rickycleanon Aug 30, 2019 12:58am

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NEWS - ZMA multiplies grosso modo 7 times its Revenues.

Zoomaway Releases Interim Unaudited Consolidated Financial Statements as of June 30, 2019

(via TheNewswire)

VANCOUVER, BC - TheNewswire - August 29, 2019 - ZoomAway Travel Inc. (TSXV:ZMA) (the

"Company" or "ZMA") www.zoomaway.com, a leader in the hospitality technology sector, is

pleased to announce that it has released its interim unaudited consolidated financial statements

and MD&A for the three months ended June 30th, 2019.

ZMA interim financial results show substantial improvement year over year, as reflected in the

financial statements filed. The Company's gross revenues in Q2 2019 were $706,816 and Net

Revenues were $221,087, compared to Q2 2018 Gross Revenue of $91,833 and Net Revenue of

($37,582). The improvement in financial results reflect the previously announced strategic

commitment to cost cutting and growing revenues through profitable sales opportunities.