What Is Going On With ZoomAway Travel Inc (CVE:ZMA)?


Zero8 and ZoomAway Travel Inc (CVE:ZMA) reported that the two companies together will advance and commercialize white label, free to play games on the mobile platform. These games will be specially designed to target hospitality Industry. For the purpose, they have entered into a letter of intent for the joint development and commercialization of these games and the ‘Zero8’ kiosk platform in the market.

The highlights

ZoomAway management reported that this deal perfectly fits into its comprehensive focus on software products targeting to different customers in the hospitality segment. These types of products are expected to result in new and interesting technology opportunities in the existing outdated and stale hospitality industry.

Many consumers are in quest of products that have the capability to not only attract the younger market but also engaged and retail them like millennials. ZoomAway will look to associate with these parties and provide them innovative offerings to improve overall user experience, which in result will have a positive impact on loyal customer base.

Subject to completion of the reported deal conditions, the two companies’ intent to complete a Definitive Contract that will help ZoomAway get the exclusive, international rights to the commercialization of the free-to-play mobile game system and the Zero8 Kiosk platform. They will also work together in the development of platforms in the imminent future. The prime objective remains to improve mobile gaming and travel experience for the customers.

Zero8 management is excited about this deal with ZoomAway as the collaborative efforts will extend the scope of combine games, travel and hospitality reach far beyond conventional tactics. It should be known that Zero8 is a company based in Reno, and specializes in digital media and game development solutions.

In the last trading session, the stock price of ZoomAway declined more than 4% to close the trading session at CAD$0.110.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.