Sign up USA
Proactive Investors - Run By Investors For Investors

Zoomaway Travel to update soon on Zero 8 Studios deal

Zoomaway and Zero8 both offer white-label technology platforms..
Zoomaway Travel to update soon on Zero 8 Studios deal
The firm announced a revenue share agreement with Zero 8 Studios in May

Zoomaway Travel Inc (CVE:ZMA) updated investors on progress, notably its revenue share agreement struck with gaming platform Zero 8 Studios in May.

The firm believes this offers a tremendous new opportunity as Zoomaway and Zero8 both offer white-label technology platforms to clients that span the hotel, casino and resort arenas.

"In the coming weeks, the company will provide you with more detail regarding the crossover between the two companies and how the synergies between them provide for real opportunity in one of the fastest-growing industries, the app-based games industry," Zoomaway said.

"As part of its agreement with Zero 8, the company was to provide it with $600,000 (U.S.) to grow two of their specific products (SpinRush and PES). This investment was to come back to the company in full through revenues on these programs and included a preferred return of 8 per cent for its shareholders."

Zoomaway noted it has a provisional patent in place to create a product that "should change the hospitality industry forever".

In addition, the firm said it had grown its client base in Las Vegas and coastal California and has footholds in other markets like Palm Springs and Napa.

"Its vice-president of sales, Toni Koster, is moving to Florida at the end of September to open that market, and the company is very excited about her prospects there," it added

View full ZMA profile View Profile

ZoomAway Travel Inc Timeline

Related Articles

golfer silhouette
January 12 2017
ZoomAway's technology allows travellers to bundle together accommodation with activities such as golf or skiing, and book it directly through the hotel's website
cruise ship
July 13 2017
“They are a fantastically talented group of people doing cutting edge work in the hospitality business”
Gamers playing
February 22 2017
PCG’s shares rocketed nearly 150% higher over a five-day period as a stock overhang created by its decision to draw a line under the CPDC purchase was finally cleared.
Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use