(TheNewswire)
VANCOUVER, BC / TheNewswire / January 11 th , 2018 – ZoomAway Travel
Inc. (TSXV: ZMA) (the “Company”) www.zoomawaytravel.com is pleased to announce that it has
completed the previously announced development phase to begin accepting certain Crypto Currencies and additionally pleased to
expand upon other developments in the company’s extensive BlockChain integration.
PAYMENTS BY CRYPTO:
The company has successfully accepted payments for goods and service in its development environment and plans
to begin rolling out this new feature into its White Label and Registration Management System (RMS) clients over the next few
weeks. The company expects that this enhancement will provide additional value to customers and the company by avoiding
traditional merchant processing fees. The company hopes to be able to showcase special pricing for consumers paying by these
alternative methods. “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.” Stated Tim Berfield, Chief Technology Officer at ZoomAway.
SMART CONTRACT INTEGRATION:
Smart Contracts may be the most important feature of BlockChain to the ZoomAway set of API centric tools.
The benefits of smart contracts to the operation are many, but automation and cost savings are the key pillars to the
company’s strategy with Smart Contracts. By integrating the power of smart contracts while leveraging its own
robust booking and inventory control tools, the company first aims 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 solves a big problem in the industry where hotels
and activity providers are paid on a slow cycle. The Smart Contract will govern the accounting and also regulate
cancellations and changes which will save hundreds of man hours annually. New accounting efficiencies with enormous
benefits should also be realized.
- Smart contracts will allow the company to automate more detail oriented arrangements for large or small
groups and will reduce human sales forces in expanding markets.
- Allow the company build interfaces for instant booking of large group business as opposed to automation
for just individual bookings.
- Increased efficiencies via the Smart Contracts should lead to savings in almost every aspect of
operations.
- Create “Travel ID’s” for each customer that will improve payment and refund methods, enable changes,
increase ease of booking for repeat trips, and enable the company to participate in existing rewards based programs or create
its own.
- Greatly enhance the company’s previously announced plans for creation of licensing models and
participation in various open source Hospitality Community projects that are currently underway.
“Our Strategies are aimed at disrupting the practices of the Hospitality and Activities industries that have
created significant barriers to entry. 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.” Stated Tim
Berfield, company CTO.
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
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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