Found some historyZoom was originally created by EnStream LP which was a joint venture set up by Canada's three largest mobile phone companies Rogers, Telus and Bell Mobility. After investing $40 million and developing the Zoom mobile wallet and realtime peer-to-peer money transfer platform using mobile and online devices, the assets were spun out and sold to Paymobile. Paymobile subsequently changed its name to ZoomPass Inc. In March 2018, XTM signed a letter of intent to acquire assets of Zoom. To the knowledge of XTM, Zoom continues to operate in the payment card space and maintains some of the clients it services prior to XTM's acquisition of certain of Zoom's assets. While Zoom does continue to operate in the payment card space, Zoom's business differs from that of XTM and Zoom does not operate in the same incentive, gratuity and access 9 market as XTM; furthermore, XTM's client base differs greatly from that of Zoom both before and after XTM acquired certain of its assets. On April 15, 2018, XTM completed the acquisition of certain Zoom assets through an all stock transaction whereby XTM issued 42,000,000 Common Shares. Following the transaction, and over the course of the next few months, XTM hired 6 new employees formerly from Zoom, including three from IT, one from accounting, one from operations and one from client relations. Such employees were previously terminated by Zoom (either before or after the transaction whereby XTM acquired Zoom's assets) and, subject to arrangements made by Zoon and such employees, were paid severance in respect of their employment. XTM spent the next several months identifying then current and future opportunities, and streamlining its operations, including the opportunity to leverage the security components and Payment Card Industry compliant components of the acquired software. During that period XTM terminated costly redundant banking relationships, processors and unneeded supplier contracts with monthly minimums. XTM also did a full audit of its entire customer portfolio and increased prices or cancelled certain customer contracts that were not profitable given its ability to satisfy the needs of larger clients. XTM's ability to connect with a wider range of financial intuitions and payment processors as a result of acquiring the Zoom software has also allowed, and will continue to allow, XTM to obtain competitive pricing from such banks and financial institutions and to reduce its dependence on a small number of financial institutions and payment processors. XTM immediately began leveraging the newly acquired assets and finalized development of the Tips Today and the Today cards program.