VANCOUVER, BC / TheNewswire / December 3rd, 2018 - ZoomAway Travel Inc. (TSXV: ZMA) (the "Company") www.zoomaway.ca, a leader in Hospitality Industry innovation, is pleased to announce that it has released it's interim unaudited consolidated financial statements for the nine months ended September 30, 2018, showing substantial improvement year over year.
Net loss from operations for the three quarters ended September 30, 2018 was reduced 89% to ($91,024) USD compared to ($865,822) USD loss for the first 3 quarters of 2017. The company is also reporting income from operations for the third quarter of $137,007 USD, a 59% increase over income of $86,357 USD reported for the third quarter 2017.
The company posted the financials originally on Monday the 26th of November but re-filed both the Financial Statements and the MD&A on November 30th with slight corrections.
Sean Schaeffer, CEO of Zoomaway Travel, commented, "We have worked very hard over the last year to get our costs in line and to reduce as much overhead as possible. As we continue to work on reducing losses and growing our existing revenue streams, we are also hard at work to finish our previously announced convertible debt financing and get our revolutionary ZoomedOUT concept closer to market."
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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 recreational needs. Additional information about ZoomAway Inc. can be found at www.zoomaway.ca, or by contacting by mail at 960 Matley Lane, Reno NV 89502 or by phone at 888-586-1475.
Travel Game (Canadian Co.) is a ZoomAway Travel, Inc. subsidiary company dedicated to housing new projects in the digital games industry. The company's first project is ZoomedOUT which can be seen at www.zoomedout.io. To receive more detailed, or investor level information, please contact us at firstname.lastname@example.org and we will respond with the appropriate documentation depending on your request.
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.