Zonetail Inc. Announces Debt Settlement and Issuance of Stock Options

Zonetail Inc. Announces Debt Settlement and Issuance of Stock Options

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Zonetail Inc. Announces Debt Settlement and Issuance of Stock Options

TORONTO, Ontario, July 16, 2020 — Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), is pleased to report that its board of directors has approved the settlement of up to $79,250 of debt through the issuance of common shares of the Company (the “Debt Settlement”). Pursuant to the Debt Settlement, the Company would issue 1,585,000 common shares of the Company (the “Shares”) at a deemed price of $0.05 per Share to certain creditors of the Company, including certain of its directors (the “Creditors”).

The issuance of the Shares to the Creditors is subject to the approval of the TSX Venture Exchange. All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue.

As certain insiders participated in the Debt Settlement, it is considered to be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). All of the independent directors of the Company, acting in good faith, considered the transactions and have determined that the fair market value of the securities being issued to insiders and the consideration being paid is reasonable. The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(b) of MI 61-101.

The Company also wishes to announce that it has issued a total of 7,300,000 stock options with an exercise price of $0.05 for a period of five years to Officers, Directors, and employees of the Company.

 

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

 

For further information, please contact:

Zonetail Inc.

Mark Holmes

President

Phone: (416) 583-3773 x 228

mark@zonetail.com

 

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward Looking Statements

This release includes forward-looking statements regarding Zonetail and its business. Such statements are based on the current expectations and views of future events of Zonetail’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the rights offering, known and unknown risk factors and uncertainties affecting Zonetail, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of Zonetail. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Zonetail undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 


Zonetail Inc. Announces Final Closing of Non-Brokered Private Placement For Total Proceeds of $1,295,683

Zonetail Inc. Announces Final Closing of Non-Brokered Private Placement For Total Proceeds of $1,295,683

 

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Zonetail Inc. Announces Final Closing of Non-Brokered Private Placement For Total Proceeds of $1,295,683

TORONTO, Ontario, July 3, 2020 — Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), is pleased to announce the closing of the final tranche of its previously announced private placement. The Offering consists of units of the Company (the “Units”) being issued at a price of $0.02 per Unit, with each Unit being comprised of one common share (a “Share”) and one whole common share purchase warrant (a “Warrant”). Each Warrant will entitle its holder to purchase one (1) additional Share of the Company at an exercise price of $0.05, for a period of twelve (12) months from the issue date.

The Company completed the first tranche of the private placement on June 2, 2020, issuing an aggregate of 23,960,000 Units, for gross proceeds of $479,200. Today, the Company closed an additional 40,814,130 Units for gross proceeds of $816,283. The total private placement closed is 64,774,130 for gross proceeds of $1,295,483, including the acceptance by the Company of a subscription of an insider of the Company for 18,239,130 Units generating aggregate gross proceeds of $364,783 (the “Insider Subscription”). The Company has also paid eligible finders (“Finders”), all of whom are at arm’s length to the Company and its insiders within the meaning of Policy 5.1 of the TSX Venture Exchange (the “Exchange”), cash compensation as finders fees of approximately $39,372 in aggregate and has issued an aggregate of 1,968,600 finders warrants of the Company to such eligible finders (“Finders Warrants”). Each Finder Warrant entitles the holder to purchase one Share of the Company at an exercise price of $0.05, for a period of twelve (12) months from the closing date of the Offering. All securities issuable pursuant to the Offering, including the Finders Warrants and the Shares, if any, issuable on their exercise are subject to a four month and one day hold period from the date of issuance in accordance with applicable Canadian securities laws.

As previously disclosed, the issuance of Units to an insider under the Offering is considered a related party transaction within the meaning of Policy 5.9 of the Exchange and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“).  See press releases dated February 19, 2020, April 13, 2020, April 29, 2020 and May 29, 2020 for full details. The Company relied on exemptions from the formal valuation and minority approval requirements of MI 61-101 on the basis of financial hardship. In addition, to comply with the policies of the Exchange in connection with the Insider Subscription with respect to the creation of a new “control person” as a result of the Offering, the Company sought and has obtained the consent to the completion of the Offering and the participation of the Insider by majority approval of the disinterested shareholders of the Company, excluding the votes attaching to the common shares held by the insider and any of their related parties. In connection with the completion of the private placement, Paul Scott acquired Shares representing, together with existing holdings, approximately 16% of the issued and outstanding common shares of the Company. Assuming the exercise of all Warrants held by Paul Scott in full, and no exercise of any other Warrants, that would increase to ownership of approximately 27% of the issued and outstanding common shares of the Company on a fully diluted basis.

The Company also wishes to provide an update on COVID-19 matters and an update on the status of the filing of its financial statements and accompanying management’s discussion and analysis, and related CEO and CFO certifications for the three months ended March 31, 2020.

As noted in the Company’s press release of April 29, 2020 and May 28, 2020, the COVID-19 pandemic is creating unprecedented challenges to the global economy and stock markets. Zonetail’s Board of Directors and Management are continuing to take all necessary precautions to ensure the health of its employees and best manage the short-term challenges to the business.

On March 18, 2020, the Canadian Securities Administrators (“CSA”) issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic. As such the Ontario Securities Commission (“OSC”) has enacted Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements (“OSC 51-502”). Zonetail will be relying on this extension period due to delays experienced as result of the COVID-19 pandemic.

Zonetail is or has relying on the temporary exemption pursuant to BCI 51-515 in respect to the following provisions:

  • the requirement to file audited financial statements for the year ended December 31, 2019 (the “Annual Financial Statements”) within 120 days of Zonetail’s financial year end as required by section 4.2(b) of NI 51-102 (filed on June 15, 2020);
  • the requirement to file interim financial statements for the 3-month period ended March 31, 2020 (the “Interim Financial Statements”) within 60 days of Zonetail’s first quarter as required by section 4.4(b) of NI 51-102
  • the requirement to file management discussion and analysis (the “Annual MD&A”) for the period covered by the Annual Financial Statements within 120 days of Zonetail’s financial year end as required by section 5.1(2) of NI 51-102 (filed on June 15, 2020);
  • the requirement to file management discussion and analysis (the “Interim MD&A”) for the period covered by the Interim Financial Statements within 60 days of Zonetail’s first quarter as required by section 5.1(2) of NI 51-102;
  • the requirement to file certifications of the Annual Financial Statements (the “Certificates” and together with the Annual Financial Statements, the “Annual Filings”) pursuant to section 4.1 of National Instrument 52-109.Section 4.2(b) [filing deadline for annual financial statements] National Instrument 51-102 (filed on June 15, 2020; and
    the requirement to file certifications of the Interim Financial Statements (the “Certificates” and together with the Interim Financial Statements, the “Interim Filings”) pursuant to section 5.1 of National Instrument 52-109. Section 4.2(b) [filing deadline for interim financial statements] National Instrument 51-102.

 

Zonetail is continuing to work diligently and expeditiously to file the Interim Filings on or before July 15, 2020. In the interim, management and other insiders of Zonetail are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207, Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions. Zonetail confirms that since the filing of its audited consolidated financial statements for the period ended December 31, 2019, there have been no material business developments other than those disclosed through news releases.

 

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

For further information, please contact:

Zonetail Inc.

Mark Holmes

President

Phone: (416) 583-3773 x 228

mark@zonetail.com

 

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward Looking Statements

This release includes forward-looking statements regarding Zonetail and its business. Such statements are based on the current expectations and views of future events of Zonetail’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the rights offering, known and unknown risk factors and uncertainties affecting Zonetail, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of Zonetail. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Zonetail undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 


Zonetail Inc. Announces Participation of Insiders In Gypsy Swap Transaction

Zonetail Inc. Announces Participation of Insiders In Gypsy Swap Transaction

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

 

Zonetail Inc. Announces Participation of Insiders In Gypsy Swap Transaction

 

TORONTO, Ontario, June 5, 2020 — Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), is pleased to announce that an officer/director of the Company is selling an aggregate of 1,700,000 common shares of the Company from their personal holdings, for aggregate proceeds of approximately $34,000, with such sale to occur on or about June 5, 2020. In addition, a second unrelated person to the Company may sell up to 2.0 million shares at the same time.

The officer/director of the Company is expected to use the proceeds generated from the sale of these shares to subscribe for an aggregate of 1,700,000 newly issued treasury securities of the Company under its previously announced private placement offering of Units. In addition, the unrelated person is expected to subscribe to the private placement. Each Unit consisting of one common share and one whole common share purchase warrant entitling the holder to acquire one additional common share at an exercise price of $0.05 for a period of 12 months following the issue date of such warrants. The initial closing under the Offering occurred on June 3, 2020. See press releases dated February 19, 2020, April 13, 2020, April 29, 2020, May 29, 2020 and June 3, 2020 for full details with respect to the Offering.

Such subscription is expected to occur on or prior to June 30, 2020 the final closing of the Offering. All securities issuable pursuant to the Offering, including the Shares, if any, issuable on the exercise of the Warrants are subject to a four month and one day hold period from the date of issuance in accordance with applicable Canadian securities laws.

The Company is seeking to raise up to a total amount of $1,295,683 under the Offering and hopes to complete the final tranche of the Offering prior to June 30, 2020. As previously disclosed, the initial closing of the Offering for aggregate proceeds of $479,200 was completed by the Company June 3, 2020. Any such closing will be subject to receipt of all required consents and approvals, including any further approvals of the Exchange. There is no assurance that the final tranche of the Offering will be completed on a timely basis or at all.

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

 

For more information, please visit https://www.zonetail.com.

 

For further information, please contact:

Zonetail Inc.

Mark Holmes

President

Phone: (416) 583-3773 x 228

mark@zonetail.com

 

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Forward Looking Statements

 

This release includes forward-looking statements regarding Zonetail and its business. Such statements are based on the current expectations and views of future events of Zonetail’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the rights offering, known and unknown risk factors and uncertainties affecting Zonetail, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of Zonetail. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Zonetail undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 


Zonetail Inc. Announces Closing of First Tranche of Non-Brokered Private Placement; Completes Initial Closing For Proceeds of $479,200

Zonetail Inc. Announces Closing of First Tranche of Non-Brokered Private Placement; Completes Initial Closing For Proceeds of $479,200

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Zonetail Inc. Announces Closing of First Tranche of Non-Brokered Private Placement;

Completes Initial Closing For Proceeds of $479,200

 

TORONTO, Ontario, June 3, 2020 — Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), is pleased to announce the closing of the first tranche of its previously announced private placement. The Offering consists of units of the Company (the “Units”) being issued at a price of $0.02 per Unit, with each Unit being comprised of one common share (a “Share”) and one whole common share purchase warrant (a “Warrant”).  Each Warrant will entitle its holder to purchase one (1) additional Share of the Company at an exercise price of $0.05, for a period of twelve (12) months from the closing date of the Offering.

In connection with the initial closing of the Offering, the Company has issued an aggregate of 23,960,000 Units, for gross proceeds of $479,200, including the acceptance by the Company of a subscription of an insider of the Company for 7,500,000 Units generating aggregate gross proceeds of $150,000 (the  “Insider Subscription”). The Company has also paid eligible finders (“Finders”), being Stephen Avenue Securities Inc., Gathering Waters Ltd., Gathering Waters Ltd. II, Integral Wealth Securities Limited and Canaccord Genuity Corp., all of whom are at arm’s length to the Company and its insiders within the meaning of Policy 5.1 of the TSX Venture Exchange (the “Exchange”), cash compensation as finders fees of approximately $13,372 in aggregate and has issued an aggregate of 663,000 finders warrants of the Company to such eligible finders (“Finders Warrants”).  Each Finder Warrant entitles the holder to purchase one Share of the Company at an exercise price of $0.05, for a period of twelve (12) months from the closing date of the Offering.  All securities issuable pursuant to the Offering, including the Finders Warrants and the Shares, if any, issuable on their exercise are subject to a four month and one day hold period from the date of issuance in accordance with applicable Canadian securities laws.

 

As previously disclosed, the issuance of Units to an insider under to the Offering is considered a related party transaction within the meaning of Policy 5.9 of the Exchange and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“).  See press releases dated February 19, 2020, April 13, 2020, April 29, 2020 and May 29, 2020 for full details.  The Company relied on exemptions from the formal valuation and minority approval requirements of MI 61-101 on the basis of financial hardship.  In addition, to comply with the policies of the Exchange in connection with the Insider Subscription with respect to the creation of a new “control person” as a result of the Offering, the Company sought and has obtained the consent to the completion of the Offering and the participation of the Insider by majority approval of the disinterested shareholders of the Company, excluding the votes attaching to the common shares held by the insider and any of their related parties.

 

The Company is seeking to raise up to $1,295,683 under the Offering and hopes to complete the final tranche of the Offering prior to June 30, 2020.   Any such closing will be subject to receipt of all required consents and approvals, including any further approvals of the Exchange.  There is no assurance that the final tranche of the Offering will be completed on a timely basis or at all.

 

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

For further information, please contact:

Zonetail Inc.

Mark Holmes

President

Phone: (416) 583-3773 x 228

mark@zonetail.com

 

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Forward Looking Statements

 

This release includes forward-looking statements regarding Zonetail and its business. Such statements are based on the current expectations and views of future events of Zonetail’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the rights offering, known and unknown risk factors and uncertainties affecting Zonetail, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of Zonetail. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Zonetail undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 


Zonetail Inc. Provides Update on Non-Brokered Private Placement for up to $1,295,683

Zonetail Inc. Provides Update on Non-Brokered Private Placement for up to $1,295,683

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Zonetail Inc. Provides Update on Non-Brokered Private Placement for up to $1,295,683

 

TORONTO, Ontario, May 29, 2020 — Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), is pleased to announce that it has received a 30 day extension from the TSX Venture Exchange (“TSXV”) (to July 2, 2020) to its previously announced private placement (see press releases dated February 19, 2020  and April 13, 2020 and April 29 for full details). The private placement is offering for sale, on a non-brokered private placement basis, securities of the Company (the “Offering”) consisting of units of the Company (the “Units”) at a price of $0.02 per Unit, with each Unit being comprised of one common share (a “Share”) and one whole common share purchase warrant (a “Warrant”), for aggregate gross proceeds to Zonetail of a minimum of $450,000 (the “Minimum Proceeds”) and a maximum of $1,295,683 (the “Maximum Proceeds”). Each Warrant will entitle its holder to purchase one (1) additional Share of the Company at an exercise price of $0.05, for a period of twelve (12) months from the closing date of the Offering. The Offering is subject to the receipt of all necessary approvals, including the approval of the TSXV, as well as the satisfaction of other customary closing conditions, including achievement of the Minimum Proceeds under the Offering. The closing of the Minimum Proceeds is expected to close on or about June 1, 2020.

An insider of the Company plans to backstop the private placement and may subscribe for an aggregate number of Units in one or more closings, such that it is anticipated that the same insider of the Company will become a “control person” pursuant to the policies of the TSX Venture Exchange (the “TSXV“) as a result of the Offering.

The issuance of Units to the insider pursuant to the Offering is considered a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company relied on exemptions from the formal valuation and minority approval requirements in sections 5.5(g) and 5.7(1)(e) of MI 61-101 in respect of insider participation on the basis of financial hardship. Further details will be provided in the Company’s material change report to be filed on SEDAR.

To comply with the minority approval requirements of the TSXV, the issuance of Units to the insider and the potential resulting creation of a new control person will be subject to the approval of disinterested shareholders of the Company by ordinary written resolution (the “Control Person Resolution“). It is anticipated that the Control Person Resolution will be approved by a majority of the voting securities of the Company held by disinterested shareholders, excluding the votes attaching to the common shares held by the insider and any of their related parties, prior to the closing of any subscription of Units by the insider such that he becomes a control person.

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

 

For further information, please contact:

Zonetail Inc.

Mark Holmes

President

Phone: (416) 583-3773 x 228

mark@zonetail.com

 

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Forward Looking Statements

 

This release includes forward-looking statements regarding Zonetail and its business. Such statements are based on the current expectations and views of future events of Zonetail’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the rights offering, known and unknown risk factors and uncertainties affecting Zonetail, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of Zonetail. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Zonetail undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


ZONETAIL INC PROVIDES UPDATE ON COVID-19 AND ANNOUNCES REQUEST FOR EXTENSION TO FILE INTERIM AND ANNUAL FINANCIAL STATEMENTS AND MANAGEMENT’S DISCUSSION AND ANALYSIS

ZONETAIL INC PROVIDES UPDATE ON COVID-19 AND ANNOUNCES REQUEST FOR EXTENSION TO FILE INTERIM AND ANNUAL FINANCIAL STATEMENTS AND MANAGEMENT’S DISCUSSION AND ANALYSIS

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

ZONETAIL INC PROVIDES UPDATE ON COVID-19 AND ANNOUNCES REQUEST FOR EXTENSION TO FILE INTERIM AND ANNUAL FINANCIAL STATEMENTS AND MANAGEMENT’S DISCUSSION AND ANALYSIS

 

TORONTO, Ontario, May 29, 2020 — Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), provides today an update on COVID-19 matters and an update on the status of the filing of its annual financial statements and accompanying management’s discussion and analysis, and related CEO and CFO certifications for the financial year ended December 31, 2019 and for the first quarter ended March 31, 2020.

 

As noted in the Company’s press release of April 29, 2020, the COVID-19 pandemic is creating unprecedented challenges to the global economy and stock markets. Zonetail’s Board of Directors and Management are continuing to take all necessary precautions to ensure the health of its employees and best manage the short-term challenges to the business.

 

On March 18, 2020, the Canadian Securities Administrators (“CSA”) issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic. As such the Ontario Securities Commission (“OSC”) has enacted Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements (“OSC 51-502”). Zonetail will be relying on this extension period due to delays experienced as result of the COVID-19 pandemic.

 

Zonetail is relying on the temporary exemption pursuant to BCI 51-515 in respect to the following provisions:

  • the requirement to file audited financial statements for the year ended December 31, 2019 (the “Annual Financial Statements”) within 120 days of Zonetail’s financial year end as required by section 4.2(b) of NI 51-102;
  • the requirement to file interim financial statements for the 3-month period ended March 31, 2020 (the “Interim Financial Statements”) within 60 days of Zonetail’s first quarter as required by section 4.4(b) of NI 51-102
  • the requirement to file management discussion and analysis (the “Annual MD&A”) for the period covered by the Annual Financial Statements within 120 days of Zonetail’s financial year end as required by section 5.1(2) of NI 51-102;
  • the requirement to file management discussion and analysis (the “Interim MD&A”) for the period covered by the Interim Financial Statements within 60 days of Zonetail’s first quarter as required by section 5.1(2) of NI 51-102;
  • the requirement to file certifications of the Annual Financial Statements (the “Certificates” and together with the Annual Financial Statements, the “Annual Filings”) pursuant to section 4.1 of National Instrument 52-109.Section 4.2(b) [filing deadline for annual financial statements] National Instrument 51-102; and
    the requirement to file certifications of the Interim Financial Statements (the “Certificates” and together with the Interim Financial Statements, the “Interim Filings”) pursuant to section 5.1 of National Instrument 52-109. Section 4.2(b) [filing deadline for interim financial statements] National Instrument 51-102.

 

Zonetail is continuing to work diligently and expeditiously with its auditors to file the Annual Filings and Interim Filings together on or before June 14, 2020. In the interim, management and other insiders of Zonetail are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207, Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions. Zonetail confirms that since the filing of its interim consolidated financial statements for the period ended September 30, 2019, there have been no material business developments other than those disclosed through news releases.

 

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

 

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

 

For more information, please visit https://www.zonetail.com.

 

For further information, please contact:

Zonetail Inc.

Mark Holmes

President

Phone: (416) 583-3773 x 228

mark@zonetail.com

 

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Forward Looking Statements

 

This release includes forward-looking statements regarding Zonetail and its business. Such statements are based on the current expectations and views of future events of Zonetail’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the rights offering, known and unknown risk factors and uncertainties affecting Zonetail, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of Zonetail. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Zonetail undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 


ZONETAIL INC PROVIDES UPDATE ON COVID-19 AND ANNOUNCES REQUEST FOR EXTENSION TO FILE INTERIM AND ANNUAL FINANCIAL STATEMENTS AND MANAGEMENT’S DISCUSSION AND ANALYSIS

ZONETAIL INC PROVIDES UPDATE ON COVID-19 AND ANNOUNCES REQUEST FOR EXTENSION TO FILE INTERIM AND ANNUAL FINANCIAL STATEMENTS AND MANAGEMENT’S DISCUSSION AND ANALYSIS

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

ZONETAIL INC PROVIDES UPDATE ON COVID-19 AND ANNOUNCES REQUEST FOR EXTENSION TO FILE INTERIM AND ANNUAL FINANCIAL STATEMENTS AND MANAGEMENT’S DISCUSSION AND ANALYSIS

TORONTO, Ontario, April 29, 2020 — Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), provides today an update on COVID-19 matters and an update on the status of the filing of its annual financial statements and accompanying management’s discussion and analysis, and related CEO and CFO certifications for the financial year ended December 31, 2019.

The COVID-19 pandemic is creating unprecedented challenges to the global economy and stock markets. Zonetail’s Board of Directors and Management are taking all necessary precautions to ensure the health of its employees and best manage the short-term challenges to the business.

On March 18, 2020, the Canadian Securities Administrators (“CSA”) issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic. As such the Ontario Securities Commission (“OSC”) has enacted Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements (“OSC 51-502”). Zonetail will be relying on this extension period due to delays experienced as result of the COVID-19 pandemic.

Zonetail will be relying on the temporary exemption pursuant to BCI 51-515 in respect to the following provisions:

  • the requirement to file audited financial statements for the year ended December 31, 2019 (the “Annual Financial Statements”) within 120 days of Zonetail’s financial year end as required by section 4.2(b) of NI 51-102;
  • the requirement to file interim financial statements for the 3-month period ended March 31, 2020 (the “Interim Financial Statements”) within 60 days of Zonetail’s first quarter as required by section 4.4(b) of NI 51-102
  • the requirement to file management discussion and analysis (the “Annual MD&A”) for the period covered by the Annual Financial Statements within 120 days of Zonetail’s financial year end as required by section 5.1(2) of NI 51-102;
  • the requirement to file management discussion and analysis (the “Interim MD&A”) for the period covered by the Interim Financial Statements within 60 days of Zonetail’s first quarter as required by section 5.1(2) of NI 51-102;
  • the requirement to file certifications of the Annual Financial Statements (the “Certificates” and together with the Annual Financial Statements, the “Annual Filings”) pursuant to section 4.1 of National Instrument 52-109.Section 4.2(b) [filing deadline for annual financial statements] National Instrument 51-102; and
    the requirement to file certifications of the Interim Financial Statements (the “Certificates” and together with the Interim Financial Statements, the “Interim Filings”) pursuant to section 5.1 of National Instrument 52-109. Section 4.2(b) [filing deadline for interim financial statements] National Instrument 51-102.

Zonetail is continuing to work diligently and expeditiously with its auditors to file the Annual Filings and Interim Filings together on or before June 14, 2020. In the interim, management and other insiders of Zonetail are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207, Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions. Zonetail confirms that since the filing of its interim consolidated financial statements for the period ended September 30, 2019, there have been no material business developments other than those disclosed through news releases.

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

For further information, please contact:

Zonetail Inc.

Mark Holmes

President

Phone: (416) 583-3773 x 228

mark@zonetail.com

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward Looking Statements

This release includes forward-looking statements regarding Zonetail and its business. Such statements are based on the current expectations and views of future events of Zonetail’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the rights offering, known and unknown risk factors and uncertainties affecting Zonetail, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of Zonetail. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Zonetail undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 


Zonetail Inc. Provides Update on Non-Brokered Private Placement for up to $1,295,683

Zonetail Inc. Provides Update on Non-Brokered Private Placement for up to $1,295,683

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Zonetail Inc. Provides Update on Non-Brokered Private Placement for up to $1,295,683

TORONTO, Ontario, April 29, 2020 — Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), is pleased to announce that it has received a 30 day extension from the TSX Venture Exchange (“TSXV”) (to June 2, 2020) to its previously announced private placement (see press releases dated February 19, 2020  and April 13, 2020 for full details). The private placement is offering for sale, on a non-brokered private placement basis, securities of the Company (the “Offering”) consisting of units of the Company (the “Units”) at a price of $0.02 per Unit, with each Unit being comprised of one common share (a “Share”) and one whole common share purchase warrant (a “Warrant”), for aggregate gross proceeds to Zonetail of a minimum of $450,000 (the “Minimum Proceeds”) and a maximum of $1,295,683 (the “Maximum Proceeds”). Each Warrant will entitle its holder to purchase one (1) additional Share of the Company at an exercise price of $0.05, for a period of twelve (12) months from the closing date of the Offering. The Offering is subject to the receipt of all necessary approvals, including the approval of the TSXV, as well as the satisfaction of other customary closing conditions, including achievement of the Minimum Proceeds under the Offering. The closing of the Minimum Proceeds is expected to close on or about May 4, 2020.

An insider of the Company plans to backstop the private placement and may subscribe for an aggregate number of Units in one or more closings, such that it is anticipated that the same insider of the Company will become a “control person” pursuant to the policies of the TSX Venture Exchange (the “TSXV“) as a result of the Offering.

The issuance of Units to the insider pursuant to the Offering is considered a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company relied on exemptions from the formal valuation and minority approval requirements in sections 5.5(g) and 5.7(1)(e) of MI 61-101 in respect of insider participation on the basis of financial hardship. Further details will be provided in the Company’s material change report to be filed on SEDAR.

To comply with the minority approval requirements of the TSXV and MI 61-101, the issuance of Units to the insider and the potential resulting creation of a new control person will be subject to the approval of disinterested shareholders of the Company by ordinary written resolution (the “Control Person Resolution“). It is anticipated that the Control Person Resolution will be approved by a majority of the voting securities of the Company held by disinterested shareholders, excluding the votes attaching to the common shares held by the insider and any of their related parties, prior to the closing of any subscription of Units by the insider such that he becomes a control person.

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

For further information, please contact:

Zonetail Inc.

Mark Holmes

President

Phone: (416) 583-3773 x 228

mark@zonetail.com

 

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward Looking Statements

This release includes forward-looking statements regarding Zonetail and its business. Such statements are based on the current expectations and views of future events of Zonetail’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the rights offering, known and unknown risk factors and uncertainties affecting Zonetail, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of Zonetail. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Zonetail undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 


Zonetail Inc. Provides Update on Non-Brokered Private Placement for up to $1,295,683

Zonetail Inc. Provides Update on Non-Brokered Private Placement for up to $1,295,683

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Zonetail Inc. Provides Update on Non-Brokered Private Placement for up to $1,295,683

TORONTO, Ontario, April 13, 2020 — Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), is pleased to announce that it has received a 30 day extension from the TSX Venture Exchange (“TSXV”) (to May 3, 2020) to its previously announced private placement (see press release dated February 19, 2020 for full details). The private placement is offering for sale, on a non-brokered private placement basis, securities of the Company (the “Offering”) consisting of units of the Company (the “Units”) at a price of $0.02 per Unit, with each Unit being comprised of one common share (a “Share”) and one whole common share purchase warrant (a “Warrant”), for aggregate gross proceeds to Zonetail of a minimum of $450,000 (the “Minimum Proceeds”) and a maximum of $1,295,683 (the “Maximum Proceeds”). Each Warrant will entitle its holder to purchase one (1) additional Share of the Company at an exercise price of $0.05, for a period of twelve (12) months from the closing date of the Offering. The Offering is subject to the receipt of all necessary approvals, including the approval of the TSXV, as well as the satisfaction of other customary closing conditions, including achievement of the Minimum Proceeds under the Offering.

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

 

For further information, please contact:

Zonetail Inc.

Mark Holmes

President

Phone: (416) 583-3773 x 228

mark@zonetail.com

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Forward Looking Statements

This release includes forward-looking statements regarding Zonetail and its business. Such statements are based on the current expectations and views of future events of Zonetail’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the rights offering, known and unknown risk factors and uncertainties affecting Zonetail, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of Zonetail. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Zonetail undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.


Zonetail expands condo resident offers through pilot agreement with one of the largest telecommunications service providers in Canada

Zonetail expands condo resident offers through pilot agreement with one of the largest telecommunications service providers in Canada

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) HAS APPROVED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Zonetail expands condo resident offers through pilot agreement with one of the largest telecommunications service providers in Canada

Toronto, Canada, March 9th, 2020 (TSXV:ZONE) —Zonetail, a mobile technology company, today announced that it has entered a pilot project  with one of the largest telecom companies  in Canada, to offer its condo residents access to exclusive residential services.

The Zonetail condo mobile platform and app, Shiftsuite, offers residents the option to interact with their condo building amenities and services. Zonetail also connects residents with neighbouring businesses and services through the app’s Explore section.

Through the Zonetail platform, the telecom company will have the ability to communicate directly to condo residents, offering a wide range of residential services, including cable tv bundles, internet and home phone.

“This has been one of the primary projects that Zonetail has been working on for several months, and we could not be happier to announce a step forward with our new telecom client,” said Mark Holmes, CEO and President of Zonetail. “This venture allows us to build on the offerings that are available to our residents and enhance their connected experience.”

The project will rollout in phases starting in early spring across thousands of condominium units in the Greater Toronto area.

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile platform for hotels and condominiums  providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail is also partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

Mark Holmes, President and CEO
Zonetail Inc.
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

 

Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, ”potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements. 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.


Zonetail Inc. Announces Non-Brokered Private Placement for up to $1,295,683

Zonetail Inc. Announces Non-Brokered Private Placement for up to $1,295,683

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) HAS APPROVED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

TORONTO, Ontario, February 19, 2020 — Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), is pleased to announce that it intends to offer for sale, on a non-brokered private placement basis, securities of the Company (the “Offering”)  consisting of units of the Company (the “Units”) at a price of $0.02 per Unit, with each Unit being comprised of one common share (a “Share”) and one whole common share purchase warrant (a “Warrant”),  for aggregate gross proceeds to Zonetail of a minimum of $450,000 (the “Minimum Proceeds”) and a maximum of $1,295,683 (the “Maximum Proceeds”). Each Warrant will entitle its holder to purchase one (1) additional Share of the Company at an exercise price of $0.05, for a period of twelve (12) months from the closing date of the Offering. The Offering is subject to the receipt of all necessary approvals, including the approval of the TSXV, as well as the satisfaction of other customary closing conditions, including achievement of the Minimum Proceeds under the Offering.

 

Assuming the Minimum Proceeds are raised, the Company will issue 22,500,000 Shares and 22,500,000 Warrants. Assuming the Maximum Proceeds are raised, the Company will issue 64,784,130 Shares and 64,784,130 Warrants.

 

In connection with the Offering, the Company may pay finder’s fees equal to 6% of the gross proceeds in cash and issue 6% non-transferable warrants (the “Finder Warrants”) to various registered dealers or finder’s, representing up to 6% of the Units sold through such registered dealers or finders in the Offering. Each Finder Warrant will entitle the holder thereof to purchase one (1) Zonetail Share at a price of $0.05 per share for a period of twelve (12) months from the closing date of the offering with the same expiry provision and the Warrants.

 

The proceeds derived from the sale of the Units will be used for payment of certain expenses of the Company. Please see the Use of Proceeds table below

 

The Units will be made available for subscription to all existing shareholders of Zonetail who held common shares of Zonetail (the “Common Shares”) as of February 18, 2020 (the “Record Date”), pursuant to the existing security holders prospectus exemption available under Ontario Securities Commission Rule 45-501 – Ontario Prospectus and Registration Exemptions (“Rule 501”) and equivalent provisions of applicable securities laws in other jurisdictions of Canada (the “Existing Shareholder Exemption”), where available, and will be allocated on a “first come, first served” basis so long as such allocation is within the principles of fair and equal treatment set out in Rule 501. Investors relying on the Existing Shareholder Exemption will be required, among other things, to represent in writing certain requirements of the Existing Shareholder Exemption, including that they were as of the Record Date, and continue to be, a shareholder of Zonetail. The aggregate acquisition cost of securities of the Company to an investor relying on the Existing Shareholder Exemption cannot exceed $15,000 unless that shareholder has obtained advice regarding suitability of the investment from a registered investment dealer in the investor’s jurisdiction. Units will also be available under other exemptions from the prospectus requirements under applicable securities laws, such as the accredited investor exemption. The total number of Common Shares issuable pursuant to the Financing will not be greater than 100% of the currently outstanding Common Shares of Zonetail.

 

If you are an existing shareholder of the Company as of the Record Date who is interested in participating in the Offering, please contact Errol Farr at errol.farr@zonetail.com or at 20 Dalhousie Street, Toronto M5B 1Y7 and (416) 583-3773 for further information. Participation under the Existing Shareholder Exemption will be open from the date of this news release until April 3, 2020, with all required documentation to be provided to the Company on or before such date. If you are a shareholder of Zonetail who held Common Shares on the Record Date, please contact the Company on or before such date.

 

A portion of the Offering may be allocated to investors relying on the “accredited investor” or other exemptions available to Zonetail under National Instrument 45-106 – Prospectus Exemptions. The Company has set a minimum gross proceeds that it must raise for the Offering to proceed

 

The proceeds from the Offering will be used by Zonetail in accordance with the proposed budget set out in the Use of Proceeds table below. The Offering will only close if the Minimum Proceeds are raised. If more than the Minimum Proceeds are raised, all additional funds up to the Maximum Proceeds will be used as set out in the Use of Proceeds table below. The Offering of the Units will be comprised of a minimum of $450,000 of Units.

 

USE OF PROCEEDS

  Minimum Offering Maximum Offering
  6 months

(Feb 2020 –

July 2020)

$

12 months

(Feb 2020 – Jan 2021)

$

Management fees & consulting *30,000 *88,200
General and administration    
Office costs 22,800 57,600
Insurance – D&O, CGL 6,000 24,000
Public company fees (incl. SEDAR, TSX-V, AGM) 13,500 27,500
Professional fees 46,000 52,000
Cost of offering (legal, regulatory) 9,000 26,000
Shareholder communications (incl. IR activities) 30,000
97,300 217,100
Sales and marketing
Management fees & consulting *30,000 *205,800
Wages 54,000 180,000
Memberships 18,000 36,000
102,000 421,800
Application maintenance and upgrades 28,000 191,000
Other expenses 1,700 89,583
Payment of accounts payable 191,000 288,000
GRAND TOTAL 450,000 1,295,683

 

*No more than 25% of the aggregate amount raised in the Offering from the sale of Units will be used to pay salaries. Although Zonetail intends to use the proceeds of the Offering as described above, the actual allocation of net proceeds may vary from the uses set forth above, depending on how future operations unfold, unforeseen events or adjustments in accordance with prudent business practices. The allocation of total management fees consist of administration 50%, sales and marketing 50% in the case of the Minimum Proceeds – administration 30%, sales and marketing 70% in the case of Maximum Proceeds.

 

OBJECTIVE OF THE OFFERING

 

The Offering, if successful, is to provide working capital to enable the Company to continue its sales and marketing efforts, upgrade its application functionality and usage and seek to achieve profitable operations in the next 6-12 months. Revenue streams from the Company’s operations are not included in the use of proceeds.

 

Certain insiders of Zonetail may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering. The Company will pay finders fees comprised of cash and securities of the Company in consideration for any finder assisting with the Offering.

 

The terms of the Offering were developed in part by reference to the TSX Venture Exchange (the “TSXV”) Discretionary Waivers of $0.05 Minimum Pricing Requirement Bulletin dated April 7, 2014. Completion of the Offering is subject to Zonetail successfully identifying participating investors and obtaining final approval from the TSXV.

 

All of the securities issuable in connection with the Offering will be subject to a hold period expiring four months and one day after the date of issuance of the securities.

 

The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.

 

It is anticipated that the first closing of the Offering will occur on or about March 3, 2020. Zonetail will update shareholders when the Offering has been completed and TSXV final approval has been received.

 

About Zonetail

 

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

 

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

 

For more information, please visit https://www.zonetail.com.

 

For further information, please contact:

Zonetail Inc.

Mark Holmes

President

Phone: (416) 583-3773 x 228

mark@zonetail.com

 

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT. 

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Forward Looking Statements

 

This release includes forward-looking statements regarding Zonetail and its business. Such statements are based on the current expectations and views of future events of Zonetail’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the rights offering, known and unknown risk factors and uncertainties affecting Zonetail, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of Zonetail. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Zonetail undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.


Zonetail Partners With one of the largest food delivery services in the United States

Zonetail Partners With one of the largest food delivery services in the United States

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) HAS APPROVED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Zonetail Partners With one of the largest food delivery services in the United States

Toronto, Canada, February 10th, 2020 (GLOBE NEWSWIRE) — Zonetail is pleased to announce it has signed an agreement with one of the world’s leading on-demand food pick-up and delivery services.

The Zonetail hotel mobile platform provides hotel guests access and interaction with the hotel’s amenities and services as well as connecting those guests to neighboring restaurants, stores, services, and attractions, in the immediate vicinity of their hotel.

Through the Zonetail hotel app, this partnership will offer hotel guests extensive choice and flexibility for all of their dining needs, with over 100,000 restaurants coast to coast. Hotel guests will have the option of pickup or delivery straight to their hotel room door.

Hotel guests are a large segment of the food delivery market and though this partnership Zonetail provides a very unique opportunity to offer those services directly to those hard-to-reach hotel guests. 

“Mark Holmes, Zonetail’s CEO, said, “This partnership is exactly the type of service that hotel guests need, offering guests a wide variety of dining options and delivery right to the hotel room.” Holmes went on to say, “As Zonetail continues its rollout to over 25,000 hotels across the U.S., we will continue to build strong partnerships with industry leaders like this, to bring considerable value and convenience to our end users.”

Zonetail also announces the accepted resignation of Reetu Gupta from the board of directors. 

Mark Holmes, President and CEO of Zonetail, said, “We truly thank Reetu for everything she has done for the Company, and fully understand her decision to step down from the board due to her very busy schedule. We’re pleased that Reetu remains a significant shareholder, and as President and CEO of the Easton’s Group of Hotels, as well as President and CEO of The Gupta Group, she continues to be a strong supporter and client of the company.” 

Zonetail is currently exploring candidates to fill the board seat.


About Zonetail

Zonetail Inc. (TSX-V:ZONE) is a mobile technology and marketing company providing two world leading mobile platforms for hotels and condominiums. The Zonetail platforms provides hotel guests and condo residents access and interaction with building amenities and services as well as connectivity to neighboring restaurants, stores, services, and other local businesses. Zonetail has signed agreements with over 25,000 hotels and 2,000 condominium buildings in the U.S. and Canada. The Company has offices in Toronto, Ontario and San Dimas, California. For more information, please visit https://www.zonetail.com.


For more information, contact:

Mark Holmes, President and CEO,
Zonetail Inc.
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

 

Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, ”potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements. 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.


Zonetail Announces that Errol Farr has been appointed to the Board of Directors

Zonetail Announces that Errol Farr has been appointed to the Board of Directors

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) HAS APPROVED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Zonetail Announces that Errol Farr has been appointed to the Board of Directors

TORONTO, Nov 15, 2019 —  Zonetail Inc. (the “Company” or “Zonetail”) (TSX-V:ZONE) announces that Errol Farr, Zonetail’s Chief Financial Officer, has joined Zonetail’s Board of Directors.

Mr. Farr is a seasoned financial professional with over 35 years of experience in financial management and reporting, operations, business optimization and strategy development. In addition to being Zonetail’s CFO, Errol is currently is CFO and Corporate Secretary of three other TSX-V listed companies and a former member of the board of directors of Adex Mining Inc. (TSX-V:ADE) and Flexwork Properties Inc. (TSX-V:RNG).

Errol’s appointment to the board coincides with the accepted resignation of Adam Topp from the board.

Mr. Topp stated, “Unfortunately, given my time constraints and distance from Toronto, I am not able to devote the time necessary to fulfill my obligations to the Board and Zonetail in a manner that I believe is sufficient.”

Mark Holmes, President and CEO of the Company, said, “We respect Adam’s decision, and we certainly thank him for all he has done for the Company. We wish him the best of luck in his future endeavors.” Holmes went on to say, “We are pleased that Errol Farr, has accepted the position on the Board of Directors to replace Mr. Topp. Having someone with Errol’s experience and abilities will be a great addition to the board, and we welcome him.”

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

Zonetail trades under the symbol “ZONE” on the Toronto Venture Stock Exchange.

Zonetail Press Contact

Mark Holmes, President and CEO Zonetail Inc.
Telephone: (416) 583-3773 ext. 228 mark@zonetail.com

Regulatory Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the closing of the Private Placement or the use of proceeds of the Private Placement.  Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.


Zonetail Announces Appointment of Chief Financial Officer and Grant of Options

Zonetail Announces Appointment of Chief Financial Officer and Grant of Options

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) HAS APPROVED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Zonetail Announces Appointment of Chief Financial Officer and Grant of Options

TORONTO, Nov 8, 2019 —  Zonetail Inc. (the “Company” or “Zonetail”) (TSX-V:ZONE) is pleased to announce the appointment of Errol Farr to the position of Chief Financial Officer and Corporate Secretary, effective October 31, 2019.

Mr. Farr is a seasoned financial professional with over 35 years of experience in financial management and reporting, operations, business optimization and strategy development. He currently is CFO and Corporate Secretary of Magna Terra Minerals Inc., a Canadian and Argentine focused junior mining company, former CFO of Anaconda Mining Inc., former President and CEO of Adex Mining Inc., where he led the development plans of the Mount Pleasant mine site in New Brunswick, Canada, and former CFO of MagIndustries Corp. where he participated in the development of its potash project and led the development of its forestry assets including the construction of its $30 million wood chipping mill in the port city of Pointe Noire, Republic of Congo. He is also currently the Performance Mentor at a private industrial tape converter. Accompanied by his experience working as a senior executive and director for several other junior mining companies for the past 20 years, Errol brings significant financial, management and operational experience to Zonetail.

Mark Holmes, President and CEO of the Company, said, “As things continue to ramp up for the Company, it was time that we brought our financial team in-house. We are very pleased to welcome Errol Farr as our new CFO. His extensive expertise in both finance and operations will play a major role as Zonetail continues on its path towards success. Errol is an experienced executive with a strong executional background, which is exactly what Zonetail requires right now. I am confident that he will provide the type of leadership and management expertise  necessary to help drive value for our shareholders.”

In connection with the appointment, the Company has granted Errol 1,000,000 stock options exercisable a $0.09 cents per share for a period of 5 years.

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

 

For more information, please visit https://www.zonetail.com.

Zonetail trades under the symbol “ZONE” on the Toronto Venture Stock Exchange.

Zonetail Press Contact

Mark Holmes, President and CEO Zonetail Inc.
Telephone: (416) 583-3773 ext. 228 mark@zonetail.com

Regulatory Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the closing of the Private Placement or the use of proceeds of the Private Placement.  Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.


Zonetail Responds to Belgravia Press Release of November 1, 2019

Zonetail Responds to Belgravia Press Release of November 1, 2019

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) HAS APPROVED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Zonetail Responds to Belgravia Press Release of November 1, 2019

TORONTO, November 6, 2019 —  Zonetail Inc. (the “Company” or “Zonetail”) (TSX-V:ZONE) responds to Belgravia Capital International Inc. (“Belgravia”)(CSE:BLGV) press release and demand notice.

On November 1, 2019, Belgravia issued a press release updating the markets on a promissory note Zonetail has with Belgravia in the amount of $325,000, that matured on November 1, 2019. Also, on November 1, 2019, Zonetail received a demand notice from Belgravia for full repayment of the promissory note, plus interest.

Zonetail notified Belgravia on November 1, 2019, through its counsel, that the Company intends to vigorously defend any claim Belgravia intends to make. Zonetail has asserted a right of off-set based on its position that Belgravia has breached the parties’ management services agreements, for which Belgravia was paid by Zonetail, Belgravia’s lack of investor relations guidance and for other wrongdoing, caused and continues to cause substantial consequential damages to the Company. Zonetail has retained the services of Borden Ladner Gervais LLP as counsel, to pursue compensation for its losses and damages.

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

 

For more information, please visit https://www.zonetail.com.

Zonetail trades under the symbol “ZONE” on the Toronto Venture Stock Exchange.

Zonetail Press Contact

Mark Holmes, President and CEO Zonetail Inc.
Telephone: (416) 583-3773 ext. 228 mark@zonetail.com

Regulatory Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the closing of the Private Placement or the use of proceeds of the Private Placement.  Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.


Zonetail and Elby Mobility Sign Letter of Intent to Explore a Strategic Partnership to Offer eBikes Through Zonetail’s Hotel and Condominium Mobile Platforms.

Zonetail and Elby Mobility Sign Letter of Intent to Explore a Strategic Partnership to Offer eBikes Through Zonetail’s Hotel and Condominium Mobile Platforms.

Toronto, Canada, October 21, 2019 (TSXV:ZONE) — Zonetail is pleased to announce it has signed a non-binding Letter of Intent to enter into an exclusive partnership agreement with Elby Mobility to offer hotel guests and condo residents its ebikes for rental or purchase. Elby’s software will be integrated into Zonetail’s hotel and condo mobile platforms, so guests and residents who wish to rent an ebike can simply download the Zonetail app to gain access.

After launching with the founder of Magna International, Mr. Frank Stronach, Elby Mobility has become a leader in the rapidly growing micro mobility market.

“Our mission is to inspire a new era of mobility by delivering the best personal transportation experience,” says Scott Macwilliam, President and CEO at Elby Mobility. “As a result, we will enhance daily life and the communities in which we work and live.” Macwilliam continues, “Zonetail’s innovative hotel and condo mobile platforms and their penetration into these markets allows for rapid scale and adds value to all stakeholders by integrating sustainable transportation into the condo and hotel/resort user experience by way of our premium, safe, and technology forward ebikes and future mobility solutions.”

The Zonetail mobile platform and apps provide hotel guests and condo residents access and interaction with building amenities and services. Zonetail also connects residents with neighboring restaurants, stores, services, and attractions through the apps ‘Explore’ section.

“We’re excited about this great opportunity with Elby Mobility. eBikes are exactly the product that will add to the lifestyles of our condo resident and hotel guest users,” said Mark Holmes, CEO and co-Founder of Zonetail. “As we continue to roll out our mobile apps across North America we couldn’t ask for a better partner and product to work with.”

In other news, Zonetail Inc. has retained Paradox Public Relations Inc. (”Paradox”) to provide investor relations services to the Company. The investor relations agreement with Paradox has a term of 36 months at $7500 per month plus applicable taxes and may be terminated at any time after the first 5 months without charge by either party by providing 30 days notice.

 

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile platform for hotels and condominiums  providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information on Zonetail, please visit https://www.zonetail.com

 

About Elby Mobility

Founded in 2019, Elby Mobility is pioneering a revolution in the way we move through our communities and cities.

Elby Mobility’s ebikes provide empowering alternatives to move people through their communities with ease. By providing a scalable, leading-edge solution, we strive to relieve the pain points of transportation and build value for businesses. At the same time, we know our electric-powered solutions are contributing toward a sustainable future, reduced congestion, a cleaner environment, and higher quality of life for everyone.

Elby Mobility sells directly to consumers but is also a leading provider of ebike fleets to hospitality properties, corporate and collegiate campuses, high-density residential communities, and municipal governments. These fleets provide organizations with new opportunities for revenue generation, improved customer engagement and loyalty, and methods to advance corporate sustainability initiatives.

The Elby S1 ebike is designed to handle the rigors of frequent use and to deliver a premium personal transportation experience that’s consistent with the best global brands. Elby ebikes harken back to the first ride you took as a kid, sparking joy, inspiring better health and wellness, and forging a deeper connection to the world around you.

Elby is welcoming, aspirational, connected, and built to carry us all into a better future. Most of all, they’re incredibly fun to use. Elby. Feel Electric.

For more information on Elby Mobility, please visit https://www.elbybike.com

 

About Paradox

Paradox is a Montreal-based investor relations consultancy firm that has been in business for 20 years. Paradox has developed an extensive network in the capital markets over the years and will increase Zonetail’s visibility toward the financial community by direct introduction & marketing to capital market professionals and organizing presentations and meetings with interested parties.

 

For more information please contact:

Mark Holmes, President and CEO
Zonetail Inc.
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

 

Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, ”potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Closes Initial Tranche of Private Placement Financing; Raises $350,000

Zonetail Closes Initial Tranche of Private Placement Financing; Raises $350,000

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) HAS APPROVED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

TORONTO, Oct. 16, 2019 —  Zonetail Inc. (the “Company” or “Zonetail”) (TSX-V:ZONE) is pleased to announce that further to its news release dated September 3, 2019, it has closed the first tranche of its non-brokered private placement of convertible debt securities generating aggregate gross proceeds of $350,000 (the “Offering”).

The Offering involves the issuance of unsecured convertible notes bearing interest at 10%, with a 24 month term from issuance, and providing for a conversion price of $0.06 per share.  The notes are convertible if the Company’s shares trade in excess of $0.10 over any period of 10 trading days during the term, whether or not consecutive.  The notes may also be extended for an additional 12 months by the Company or may be prepaid, subject in each case to certain bonus payments.  The Company may, at its option, make payment of such interest and bonus amounts due in cash or in common shares, subject to the receipt of any required regulatory or stock exchange approvals.  The proceeds from the Offering will be used for sales and marketing activities, as well as general working capital purposes.

The securities underlying the Notes issued on closing of the Offering are all subject to a four-month statutory hold period. No commissions or fees were payable in connection with this financing.

The Company may pursue additional closings of subscriptions under the Offering prior to December 31, 2019, up to a maximum aggregate amount of $1,000,000, and subject to the receipt of any required regulatory or stock exchange approvals.

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

Zonetail trades under the symbol “ZONE” on the Toronto Venture Stock Exchange.

Zonetail Press Contact

Mark Holmes, President and CEO Zonetail Inc.
Telephone: (416) 583-3773 ext. 228 mark@zonetail.com

Regulatory Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the closing of the Private Placement or the use of proceeds of the Private Placement.  Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.


Zonetail Announces Private Placement Financing to Raise Up To $1,000,000

Zonetail Announces Private Placement Financing to Raise Up To $1,000,000

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

TORONTO, Sept, 3, 2019 —  Zonetail Inc. (the “Company” or “Zonetail”) (TSX-V:ZONE) is pleased to announce a proposed non-brokered private placement of up to $1,000,000 in Series A 10% subordinated notes (“Notes”) of the Company at a purchase price of $1,000 per Note (the “Offering”).  The proceeds from the Offering will be used for sales and marketing activities, as well as general working capital purposes.

The Notes will be unsecured, will be repayable two (2) years from the closing of the Offering, and have other customary terms and conditions including customary events of default.  Interest will accrue on the principal amount of the Notes at 10.00% per annum, payable annually in arrears.  The maturity date for repayment of the Notes may be extended, at the option of the Company, for up to an additional 12 months, on payment of additional interest at the rate of 2% for such extension period.  Interest, including additional interest if any due during the extension period, will be payable annually in arrears, and in cash or common shares, at the election of the Company.  The Notes will be subordinated to senior indebtedness of the Company.

The principal amount of each Note together with accrued and unpaid interest may be paid and satisfied, at the election of the Company, through the issuance to the holder of common shares of the Company at a conversion price of $0.06 per share or such other price as the Exchange may permit or require, if and when closing prices of the Common Shares on the TSX Venture Exchange or any other exchange or market on which the Common Shares may be traded on 10 consecutive or non-consecutive trading days equals or exceeds $0.10 per share.

The securities underlying the units issued on closing of the Offering will be subject to a four-month statutory hold period commencing on the date of issuance.  No commissions or fees are payable in connection with this financing.

The initial closing of the Offering is expected to occur on or about September 24, 2019 but is at the discretion of the Company and is subject to certain conditions, including the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.  Additional closings may occur prior to December 31, 2019 up to the maximum amount of the Offering.

About Zonetail

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

Zonetail trades under the symbol “ZONE” on the Toronto Venture Stock Exchange.

Zonetail Press Contact

Mark Holmes, President and CEO Zonetail Inc.
Telephone: (416) 583-3773 ext. 228 mark@zonetail.com

Regulatory Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the closing of the Private Placement or the use of proceeds of the Private Placement.  Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.


Zonetail Inc. Reports Q2 Results

Zonetail Inc. Reports Q2 Results

Toronto, Canada–(Newsfile Corp. – August 29, 2019) – Zonetail Inc. (TSXV: ZONE) (the “Company” or “Zonetail”) reported its financial and operational results for the second quarter ended June 30, 2019. These filings are available for review on the Company’s SEDAR profile at www.sedar.com.

Second Quarter 2019 Highlights:

The company’s focus on the condominium market continues to drive sales and the numbers are expected to increase over time as more condo residents download Zonetail’s software. The launch of the condo platform was announced in January of 2019, and the company has continued to work with the condo property management corporations throughout Q2 to promote the app directly to condo residents.

The Company’s Q2 net loss of $521,299 for the three months ended June 30, 2019, compared to $441,054 for the three months ended June 30, 2018 is mainly attributable to:

  • Business development and salaries expense to facilitate growth in the company;
  • Interest and accretion decreased by $193,783 as the Company converted all convertible debentures during the year ended December 31, 2018, there was no associated interest and accretion expense in the three months ended June 30, 2019;
  • Considerable legal fees incurred to ward off continued frivolous claims by Belgravia Capital against the Company.

The company is currently engaged in discussions with several potential strategic partners and will continue to pursue strategic relationships that will enhance the technology, grow the user base, and generate revenue, all in efforts to bring added value to shareholders.

About Zonetail

Zonetail Inc. (TSXV: ZONE) is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions. Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information please visit https://zonetail.com/

Contact Information:

Mark Holmes, President and Chief Executive Officer

Telephone: (416) 583-3773 ext. 228

mark@zonetail.com

Forward-Looking Information

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


SIR Corp., owner of a portfolio of Canadian restaurant brands, signs advertising contract with Zonetail.

SIR Corp., owner of a portfolio of Canadian restaurant brands, signs advertising contract with Zonetail.

Toronto, Canada, July 9, 2019 (TSXV:ZONE) — Zonetail is pleased to announce it has signed an advertising contract for its mobile condo platform with Service Inspired Restaurants, a Canadian Corporation that owns a portfolio of 61 restaurants and several well-known brands.

SIR’s Concept brands include Jack Astor’s Bar and Grill®, with 40 locations; Scaddabush Italian Kitchen & Bar® with eight locations; and Canyon Creek®, with seven locations. SIR also operates one-of-a-kind “Signature” brands including Reds® Wine Tavern, Reds® Midtown Tavern, Reds® Square One and The Loose Moose®.

The Zonetail condo mobile platform and app, named ‘Shiftsuite’, provides condo residents access and interaction with building amenities and services. Zonetail also connects residents with neighboring restaurants, stores, services, and attractions through the apps’ ‘Explore’ section.

“We’re excited about advertising our restaurant brands through Zonetail’s innovative condo mobile app. Its 24/7/365 day coverage direct to condo resident phones offers a more engaging digital alternative to direct mail campaigns, which typically aren’t well received in condominiums” said Anesie Johnson-Smith, V.P. Marketing of Sir Corp.

“As we continue to roll out our mobile app to 2,000 condo buildings representing 400,000 units, and 20% of the Greater Toronto market, Sir Corp. is a great partner to work with, offering exactly the kind of local advertising content condo residents are looking for,” said Mark Holmes, CEO and co-Founder of Zonetail.

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile platform for hotels and condominiums  providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions.

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information, please visit https://www.zonetail.com.

About SIR Corp.

SIR is a privately held Canadian corporation that owns a portfolio of 61 restaurants and one seasonal retail outlet in Canada. SIR’s Concept brands include: Jack Astor’s Bar and Grill®, with 40 locations; Scaddabush Italian Kitchen & Bar® with eight locations; and Canyon Creek®, with seven locations. SIR also operates one-of-a-kind “Signature” brands including Reds® Wine Tavern, Reds® Midtown Tavern, Reds® Square One and The Loose Moose®. All trademarks related to the Concept and Signature brands noted above are used by SIR under a License and Royalty Agreement with SIR Royalty Limited Partnership in consideration for a Royalty, payable by SIR to the Partnership, equal to six percent of the revenue of the 57 restaurants currently included in the Royalty Pool. SIR also owns Duke’s Refresher® & Bar in downtown Toronto, one seasonal Signature restaurant, Abbey’s Bakehouse®, and one seasonal Abbey’s Bakehouse retail outlet, which are currently not in consideration to be part of the Royalty Pool.

For more information on SIR Corp., please visit www.sircorp.com.

Mark Holmes, President and CEO
Zonetail Inc.
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Explores Strategic Partnership with Pineapple Express Delivery to Offer Legal Cannabis Delivery to Hotel Guests and Condominium Residents

Zonetail Explores Strategic Partnership with Pineapple Express Delivery to Offer Legal Cannabis Delivery to Hotel Guests and Condominium Residents

Toronto, Canada, May 29, 2019 (TSXV:ZONE) —
Zonetail is pleased to announce it has signed a Letter of Intent with Pineapple
Express Delivery Inc. towards a strategic partnership to deliver cannabis
products to hotel guests and condominium residents.

With over 10 years experience in on demand
delivery and with locations in Toronto, Ottawa, Regina, Winnipeg, Calgary, and
Vancouver, Pineapple Express Delivery is a leading Canadian cannabis delivery
service. It has been providing a same day
delivery option to the legal Cannabis Industry since October, 2018.

The Zonetail hotel and condo mobile applications
provide guests and residents access and interaction with building amenities and
services. Zonetail also connects guests and residents with neighboring
restaurants, stores, services, and attractions through the apps’ innovative
‘Explore’ section.

Zonetail and Pineapple Express Delivery
will immediately undertake to lay out plans to deliver medicinal and regulatory
approved recreational cannabis through the use of Zonetail’s mobile platforms
in compliance with all applicable laws in Canada. Zonetail will receive a fee
on each transaction.

“We’re very excited about utilizing
Zonetail’s hotel and condo mobile platforms to broaden our market and reach new
cannabis customers,” said Randy Rolph, CEO at Pineapple Express Delivery. “With
Zonetail’s 25,000 hotels and 400,000 condo units, we see this as a great
opportunity in Canada, as well as future opportunity to expand south of the
border.”

“We’ve found that out-of-town hotel guests
often don’t know how or where to purchase legal cannabis products and the
inclusion of Pineapple Express Delivery’s cannabis delivery option in the
Zonetail app will simplify fulfilling their needs,” said Mark Holmes, CEO and
co-Founder of Zonetail. “We’ve also found with both hotel guests and condo
residents that the convenience and discretion of cannabis delivery directly to
their room or home is also a major plus. It hits the core of the market.”

About Zonetail

Zonetail
Inc. (TSXV:ZONE) is a mobile platform for hotels and condominiums  providing guests and residents access and
interaction with building amenities and services as well as neighboring
restaurants, stores, services, and attractions.

Zonetail
is partnered with AAHOA, the largest association of hoteliers in the world,
representing over 25,000 hotels and 50% of the US market. Zonetail is also
partnered with Shiftsuite, one of the largest property management system
software providers to the condo industry in Canada, with approximately 2,000
condo buildings, representing an estimated 400,000 units. Zonetail has offices
in Toronto, Ontario and San Dimas, California.

For more
information, please visit https://www.zonetail.com.

About Pineapple Express Delivery

The Pineapple Express
Delivery Inc. management team has over 10 years of experience offering same-day
and 60- minute delivery services in multiple industries across Canada with a
record breaking 40,000 deliveries per month.

Pineapple Express
Delivery Inc. offers a personalized experience for its customers and has
established in depth security and delivery protocols to facilitate same-day
delivery of medical and recreational cannabis across the country. Pineapple
Express Delivery has been providing a same day delivery option to the legal
Cannabis Industry from October 17th, 2018 and has provincial offices set up
across Canada.

For more information
visit: www.pineappleexpressdelivery.com

For more information please
contact:

Mark Holmes,
President and CEO
Zonetail Inc.
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

Legal
Disclaimer and Forward-Looking Statements

This
press release contains forward-looking statements that relate to Zonetail’s
current expectations and views of future events. In some cases, these
forward-looking statements can be identified by words or phrases such as “may”,
“will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”,
“believe”, ”potential”, “continue”, “is/are likely to” or the negative of these
terms, or other similar expressions intended to identify forward-looking
statements. Certain matters discussed in this announcement contain statements,
estimates and projections about the growth of Zonetail’s business, potential
distribution partnerships and/or clients, and related business strategy. Such
statements, estimates and projections may constitute forward-looking statements
within the meaning of the federal securities laws. Factors or events that could
cause our actual results to differ may emerge from time-to-time. Zonetail
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
The recipient of this information is cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements are based on certain
assumptions and analysis made by Zonetail in light of its experience and
perception of historical trends, current conditions and expected future
developments and other factors Zonetail believes are appropriate, and, are
subject to risks and uncertainties. Although Zonetail believes that the assumptions
underlying these statements are reasonable, they may prove to be incorrect.
Given these risks, uncertainties and assumptions, prospective purchasers should
not place undue reliance on these forward-looking statements.


Zonetail Inc. Reports Q1 Results

Zonetail Inc. Reports Q1 Results

Toronto, Canada– May 24, 2019 – Zonetail Inc. (the “Company” or “Zonetail”) (TSXV: ZONE) is pleased to report its financial and operational results for the first quarter ended March 31, 2019. These filings are available for review on the Company’s SEDAR profile at www.sedar.com

First Quarter 2019 Highlights:

Zonetail continues to drive sales for its mobile platform through strategic alliances and beneficial partnerships.  During the quarter the Company announced the launch of its mobile platform for condominiums in partnership with the property management software company Shiftsuite, thus expanding access to the Company’s mobile platform to upwards of 400 000 condo units throughout Canada.

The Company’s net loss of $553,843 for the three months ended March 31, 2019, compared to $294,540 for the three months ended March 31, 2018 is primarily due to an increase in business development and salaries expense.  Professional fees increased due to costs associated with the Company going public.

Interest and accretion decreased by $116,928 for the three months ended March 31, 2019. As the Company converted all convertible debentures during the year ended December 31, 2018, there was no associated interest and accretion expense in the three months ended March 31, 2019.

Subsequent Events:

  • Zonetail launched its hotel mobile platform in six additional US cities (Dallas, San Antonio, Austin, Houston, Orlando, and San Diego) in partnership with the Asian American Hotel Owners Association (AAHOA), the largest association of hotel owners in the world.
  • The Company partnered with Bluedot, a leading provider of first-person location data, to improve personalized customer engagement through Zonetail’s hotel and condo mobile platforms. Bluedot’s technology provides real-time physical context along with tracking attribution, ROI, and increased analytics to Zonetail’s suite.
  • The Company formed a strategic partnership with SEL Global to explore business opportunities within the $2 Trillion-dollar Smart City marketplace. Zonetail’s mobile platform, augmented by Sel Global’s mobile advertising software, better connect clients to mobile customers as they move from point to point.
  • The Company introduced a transaction based revenue stream, adding to its advertising revenue. This model is evident in its partnership with Foodora, the popular on-demand food pick-up and delivery service, where food pick-up and delivery for Canadian hotel guests and condo residents are personalized.

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile platform for hotels and condominiums  providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions. Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information please visit https://zonetail.com/

Contact Information:
Mark Holmes, President and Chief Executive Officer
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

Forward-Looking Information

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Inc. Reports Year End Results

Zonetail Inc. Reports Year End Results

Toronto, Canada – May 01, 2019 – Zonetail Inc. (the “Company” or “Zonetail”) (TSXV: ZONE) is pleased to report its financial and operational results for the year ended December 31, 2018. These filings are available for review on the Company’s SEDAR profile at www.sedar.com

Q4 and Year-End Highlights

Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. The company has currently launched its hotel platform in conjunction with AAHOA, in 7 U.S. cities to date, and plans to work closely with AAHOA to continue the onboarding of hotels, and building the user base, city-by-city throughout 2019.

During the year ended December 31, 2018, the Company closed a brokered private placement of 11,130,092 subscription receipts of Zonetail at a price of $0.18 per Subscription Receipt for gross proceeds of $2,003,417.

For the year ended December 31, 2018, the Company’s net loss totaled $2,348,520, compared to

$727,562 for the year ended December 31, 2017. The increase in net loss of $1,620,958 is principally the result of the following:

  • Salaries increased by $222,886 for the year ended December 31, 2018, compared to the year ended December 31, 2017. The increase is mainly attributable to the growth in the sales and operations teams to facilitate the Company’s expansion into different markets and continuous product
  • Professional fees increased by $1,187,292 for the year ended December 31, 2018, compared to the year ended December 31, 2017. The increase is attributable mainly to one-time operational expenses associated with the Reverse Takeover
  • Interest expense increased by $94,159 for the year ended December 31, 2018, compared to the year ended December 31, 2017. The increase was due to the interest incurred from the convertible debentures issued in the

For the three months ended December 31, 2018, the Company’s net loss totaled $934,088, compared to $178,296 for the three months ended December 31, 2017. The increase in net loss is principally the result of the following:

  • Salaries increased by $93,749 for the three months ended December 31, 2018, over the three months ended December 31, 2017, due to hiring of new staff to aid in the Company’s expansion into the US and condominium
  • Professional fees increased by $524,349 for the three months ended December 31, 2018 over the three months ended December 31, 2017. This was mainly attributable to one- time expenses associated with the Reverse Takeover

At December 31, 2018, Zonetail had $932,650 in cash and cash equivalents. Accounts payable and accrued liabilities were $318,310 at December 31, 2018. The Company’s cash and cash equivalents balance as at December 31, 2018 are sufficient to pay these liabilities. The Company believes that it will have sufficient cash on hand to fund its planned expenditures for fiscal year 2019.

Current Highlights

The Company continues to grow its client base through strong marketing efforts and beneficial strategic alliances and partnerships. It is partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Ad sales have begun, and the company expects to increase revenue throughout the year. The Company intends to continue expanding access to its condo mobile technology to property management companies and residents throughout North America, adding to its hotel mobile technology and application currently being rolled out to over 25,000 hotels.

Zonetail Hotel Application

The Zonetail platform connects hotel guests to the amenities and services of their hotel through the convenience of their own mobile device and offers hotels new service options to increase revenues and customer engagement. Guests can select their hotel destination and the app will “reskin” (tailor the content) to provide information and connectivity to any Zonetail-supported hotel worldwide. It will also include all local area information on attractions, events, dining and shopping. The app is planned to drive direct bookings, increase incremental revenue, decrease operating costs, build loyalty and enhance the entire guest experience. The Zonetail platform also features a content management system allowing hotels and local businesses the ability to update and edit their content, providing guests with all the information they’re looking for all in real time.

Zonetail Residential Application

The new Zonetail condo mobile application connects residents to the amenities, information, and services of their building through their smartphone. The application, named ‘Shiftsuite’, is available for condo residents to download on either iOS or Android. The application is fully integrated with Shiftsuite’s community website platform.

The Zonetail condo platform digitizes the entire communication process between the condo property management company and the resident. Condo residents can now interact with property management, create and track maintenance requests, receive real time updates on building information, book amenities, receive community news, status certificates, documents, and much more.

Included in the app is an ‘Explore’ section, where local businesses around each building can offer promotions and deals to formerly difficult-to-reach condo residents, providing a highly targeted, interactive, and less expensive alternative to direct mail and traditional media.

Advertisers can change their message on the fly in real time, giving them the ability to customize and contextualize their promotions.

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions. Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California.

For more information please visit https://zonetail.com/

Contact Information:

Mark Holmes, President and Chief Executive Officer Telephone: (416) 583-3773 ext. 228 mark@zonetail.com

Forward-Looking Information

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Announces the Rollout of its Mobile Platform Across Hotels in San Diego, California

Zonetail Announces the Rollout of its Mobile Platform Across Hotels in San Diego, California

Toronto, Canada, April 23rd, 2019 (TSXV:ZONE) — Zonetail is pleased to announce that it continues its planned rollout to 25,000 hotels across the U.S. In partnership with the Asian American Hotel Owners Association (AAHOA), the largest association of hotel owners in the world, the platform is now being launched in San Diego, California.

The Zonetail hotel mobile application provides guests access and interaction with hotel amenities and services. It also connects guests with neighboring restaurants, stores, services, and attractions through the app’s innovative ‘Explore’ section.

Mark Holmes, CEO of Zonetail said, “The launch corresponds with the 2019 AAHOA Annual Convention and Trade Show in San Diego, so it’s a great opportunity to showcase our mobile platform to an expected 7,000 attendees. It’s AAHOA’s 30th Anniversary, and to celebrate, we’ll have a double booth presence at the show. So, we’re hoping for lots of visits at our booth, number 2618.”

“With more than 18,500 AAHOA members, who own nearly one in every two hotels in the U.S., our Annual Convention and Trade Show is an ideal opportunity for partners like Zonetail to feature their advanced mobile technology for our members’ hotels. I look forward to seeing them at the show,” said Rachel Humphrey, Interim CEO and President of AAHOA.

The San Diego announcement comes shortly after the successful launch of Zonetail in Tampa Bay, Houston and Austin, Texas.

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile platform for hotels and condominiums  providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions. Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California. For more information, please visit https://www.zonetail.com.

About AAHOA

Founded in 1989, AAHOA is the largest hotel owner’s association in the world, with over 18,500 members. AAHOA members own nearly one in every two hotels in the United States and employ over 600,000 workers. AAHOA’s mission is to advance and protect the business interests of hotel owners through advocacy, industry leadership, professional development, member benefits, and community engagement. For more information visit https://www.aahoa.com.


For more information, please contact:

Mark Holmes, President and CEO
Zonetail Inc.
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, ”potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Forms Strategic Partnership with SEL Global in the $2 Trillion global Smart Cities Market

Zonetail Forms Strategic Partnership with SEL Global in the $2 Trillion global Smart Cities Market

Toronto, Canada, April 16, 2019 (TSXV:ZONE)

— Zonetail is pleased to announce it’s working with SEL Global in a strategic partnership relationship.

Zonetail and SEL are immediately undertaking to explore a variety of business opportunities together as they apply to the Smart Cities global marketplace.

“We’re looking at utilizing Zonetail’s mobile platform for hotel guests and condominium residents combined with SEL’s mobile advertising software platform, to better connect clients to their mobile customers as they move from point to point on their connected journey,” said David Cunningham, CEO and Founder of SEL Global.

“We’re looking forward to working with SEL Global to develop this great opportunity.” “There are a number of exciting opportunities we’re looking at focused around the Smart City marketplace,” said Mark Holmes, CEO of Zonetail. “Our technology and accelerating expansion to hotels and condos across North America combined with SEL’s mobile advertising software that enables clients to deliver timely, relevant and highly targeted sms content, can offer an irresistible customer engagement channel for clients.”

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile platform for hotels and condominiums  providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions. Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California. For more information, please visit https://www.zonetail.com.

About SEL Global

SEL Global Inc. (“SEL”) is a mobile software solution provider that helps companies in the global Smart Cities Marketplace, monetize their consumers in the connected journey – public transit, travel, smart buildings, parking apps, ride sharing, autonomous vehicles, retail, restaurants, sporting/entertainment venues and more. SEL’s proprietary mobile software platform enables clients to deliver relevant, highly targeted sms content, including mobile coupons, gift cards, loyalty, ticketing etc. to their customers, while capturing valuable information and data for targeted monetization. SEL has offices in Toronto, Ontario and Los Gatos, California.  For more information, please visit https://www.selglobal.com.


Zonetail Corporate Update

Zonetail Corporate Update

Toronto, Canada, April 2, 2019 (TSXV:ZONE) — Zonetail is pleased to update its shareholders on recent advancements to increase its market share, customer engagement, and revenue.

The Zonetail mobile platform provides hotel guests and condo residents access and interaction with building amenities and services. It also connects guests and residents with neighboring restaurants, stores, services, and attractions.

In partnership with the Asian American Hotel Owners Association (AAHOA), the largest hotel association in the world, Zonetail is in the process of rolling out its mobile platform to over 25,000 hotels, representing more than 50% of the U.S. market.

The Zonetail mobile app provides hotels with direct communication and engagement including push messaging to their guests. Zonetail derives its revenue through merchant ads in the app’s ‘Explore’ section providing advertisers a highly effective way of directly reaching travellers. The recent integration of Blue Dot’s location-based geo-fencing technology will add real-time, physical context, along with a richer understanding of customer intent to the Zonetail platform. It will also add to Zonetail’s analytics suite, tracking attribution, ROI, and customer behavior with contextual data.

“The Blue Dot solution gives us the ability to capture behavior-based user data with pin-point accuracy down to five meters,” said Mark Holmes, CEO at Zonetail. “For advertisers it means we can precision target users with offers at the time and place they’re most likely to respond. For hotels it means we can help them improve their online reputations and scores, as well as improve guest response to promotions such as food and beverage specials.”

Zonetail is also rolling out to approximately 2000 condo buildings representing an estimated 400,000 units and 20% of the Greater Toronto Area condo market in partnership with Shiftsuite. Zonetail delivers a better option for advertisers trying to reach condo residents than other methods such as direct mail. The average direct mail piece costs 25 cents per drop with a response rate less than 1% due to resident disinterest, with unaddressed direct mail often going directly into the recycling bin. Zonetail offers advertisers a strong alternative at a fraction of the price of direct mail, at only 10 cents per unit per month, and effectively gives them a piece of real estate on the condo resident’s phone 24/7/365. Large national advertisers interested in reaching 100,000 condo units would pay $10,000 a month, for example. Using the content management system, advertisers can change their promotion as often as they like. And with the added integration of geo-fencing technology, they can now engage residents with push messaging to communicate their offers and promotions at precisely the right time and place.

For both platforms, Zonetail is actively approaching national and regional advertisers in both Canada and the U.S. who are interested in engaging with the previously hard to reach hotel guest and condo resident markets. Zonetail is currently in discussions with national retail chains, restaurant chains, travel-based credit cards, and cannabis products and delivery partners, amongst others.

Zonetail is also introducing other methods to increase potential revenue, including transaction-based, with the recent announcement of its partnership with Foodora, the food ordering and delivery specialist, as an example. Additionally, Zonetail continues to investigate the development of a hotel booking engine, offering direct booking to AAHOA and other hotel partners.

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile platform for hotels and condominiums  providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions. Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with approximately 2,000 condo buildings, representing an estimated 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California. For more information, please visit https://www.zonetail.com.

For more information, please contact:

Mark Holmes, President and CEO

Zonetail Inc.

Telephone: (416) 583-3773 ext. 228

mark@zonetail.com

Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, ”potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Partners With Bluedot to Deliver the Most Powerful Technology in Location-Based Geofencing

Zonetail Partners With Bluedot to Deliver the Most Powerful Technology in Location-Based Geofencing

Toronto, Canada, March 25, 2019 (Globe Newswire) — Zonetail is pleased to announce its partnership with Bluedot, a leading provider of first-person location data, to improve personalized customer engagement through Zonetail’s hotel and condo mobile platforms.

The Zonetail mobile platform provides hotel guests and condo residents access and interaction with building amenities and services. It also connects guests and residents with neighboring restaurants, stores, services, and attractions through the apps’ innovative ‘Explore’ section.

Bluedot’s proprietary technology will provide real-time, physical context along with a richer understanding of customer intent to the Zonetail platform. It will also add to Zonetail’s analytics suite, tracking attribution, ROI, and customer behaviors with contextual data.

“Bluedot gives us the ability to capture behavior-based user data with pin-point accuracy down to five meters,” said Mark Holmes, CEO at Zonetail. “In practice, it means we can precision target users with offers at the time and place they’re most likely to respond. That’s a huge plus. For hotels, it also means we can help them improve their online reputations and scores.”

“Bluedot is a great complement to Zonetail’s platform, helping to uncover the right moments and context to deliver valuable information to users,” said Emil Davityan, CEO and Co-founder at Bluedot. “This integration enables travel and hospitality companies to not only provide a better customer experience, but also develop a deeper interaction with their guests. We’re excited to help Zonetail deliver the type of personalized engagement and data that builds brand loyalty and long-term customer relationships.”

Zonetail will begin deploying the integrated Bluedot solution immediately and as part of its ongoing rollout to 25,000 hotels and 2000 condo buildings throughout North America.

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile platform for hotels and condominiums  providing guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions. Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with over 2,000 condo buildings, representing approximately 400,000 units. Zonetail has offices in Toronto, Ontario and San Dimas, California. For more information, please visit https://www.zonetail.com.

About Bluedot

Bluedot empowers companies, via their mobile app, to take advantage of real-world insights and uncover the right moments to message customers on their preferred channels. Pair your digital customer profiles with physical behavior for a true 360-degree view down to the individual level. Learn why top enterprises, such as Salesforce, Oracle, McDonald’s, Cox Automotive, Swrve and Transurban partner with Bluedot for their location-based needs. For more information, visit www.bluedot.io, read our blog or follow us on Twitter.

For more information, please contact:

Mark Holmes, President and CEO
Zonetail Inc.
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

 

Judy Chan

Bluedot

971-999-1160

press@bluedot.io

 

 Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, ”potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Announces the launch of its Mobile Platform with planned rollout across 650 Hotels in Greater Houston, Texas

Zonetail Announces the launch of its Mobile Platform with planned rollout across 650 Hotels in Greater Houston, Texas

Toronto, Canada, March 18, 2019 (Globe Newswire) — (TSXV: ZONE) Zonetail Inc. (“Zonetail” or the “Company”) is pleased to announce the launch of its hotel mobile platform in Houston, Texas in partnership with the Asian American Hotel Owners Association (AAHOA), the largest association of hotel owners in the world.

The Zonetail hotel mobile application provides guests access and interaction with hotel amenities and services. It also connects guests with neighboring restaurants, stores, services, and attractions through the app’s innovative ‘Explore’ section.

Mark Holmes, President and CEO of Zonetail said, “We’re executing on a planned rollout across over 25,000 hotels in the U.S. in partnership with AAHOA. I am excited that the great city of Houston is our latest official market covering most of the city’s hotels.”

“With over 650 member hotels, the greater Houston area is one of the largest regions for AAHOA, and is ideal for the fast adoption of the Zonetail platform. I look forward to working with the team and making it a huge success,” said Sawan Patel, Regional Director, Southeast Texas Region for AAHOA.

The Houston announcement comes on the heels of Zonetail’s launch announcement in Tampa Bay, Florida in December.

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile technology company that provides an anchored local mobile platform for hotels and condominiums. Zonetail provides guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions. Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with over 2,000 condo buildings, representing approximately 400,000 units. The Company has offices in Toronto, Ontario and San Dimas, California. For more information, please visit https://www.zonetail.com.

About AAHOA

AAHOA is the largest hotel owners’ association in the world. The over 18,500 AAHOA members own almost one in every two hotels in the United States. With billions of dollars in property assets and hundreds of thousands of employees, AAHOA members are core economic contributors in virtually every community. AAHOA is a proud defender of free enterprise and the foremost current-day example of realizing the American dream. For more information visit https://www.aahoa.com.

For more information, please contact:

Mark Holmes, President and CEO
Zonetail Inc.
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Partners with foodora in Canada to bring food pickup and delivery to hotel guests and condo residents.

Zonetail Partners with foodora in Canada to bring food pickup and delivery to hotel guests and condo residents.

Toronto, Canada, March 11, 2019 (GLOBE NEWSWIRE) — Zonetail Inc. (TSXV: ZONE) (“Zonetail” or the “Company”) is pleased to announce a partnership with foodora, the popular on-demand food pick-up and delivery service.

The Zonetail mobile app provides hotel guests and condo residents access and interaction with building amenities and services as well as connecting them to neighboring restaurants, stores, services, and attractions.

Through the Zonetail app, foodora will offer Canadian hotel guests and condo residents choice and flexibility through a growing variety of restaurants, with the options of pickup or delivery straight to their door.

Residents and guests will be able to specify an exact pick-up time and pre-pay for ordered items, saving them time and avoiding long queue lines at restaurants.

“Our mission at foodora is simple — we aim to bring good food into our users’ lives every day and we’re continuously looking for innovative ways to do so,” said Matt Rice, foodora’s Head of Marketing. “Zonetail provides an innovative way to make our service available to hard-to-reach hotel guests and condo residents. It’s a perfect fit.”

Brian Davies, Zonetail’s VP of Sales, said, “foodora is exactly the type of service hotel guests and condo residents want, saving them time and making their lives a little simpler. It’s also an exciting partnership that allows both companies to grow together across Canada.”

The Zonetail mobile platform is rolling out to 2,000 condo buildings, representing 400,000 units across Canada, and a sizable 20% of the condominium market in the Greater Toronto Area. In addition, Zonetail is currently rolling out its hotel platform to over 25,000 hotels across North America.

About Zonetail

Zonetail Inc. (TSXV:ZONE) is a mobile technology company that provides a mobile platform for hotels and condominiums. Zonetail provides guests and residents access and interaction with building amenities and services as well as neighboring restaurants, stores, services, and attractions. Zonetail is partnered with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada, with over 2,000 condo buildings, representing approximately 400,000 units. The Company has offices in Toronto, Ontario and San Dimas, California. For more information, please visit https://www.zonetail.com.

About Foodora

Foodora is dedicated to bringing food lovers around the world their favourite meals from curated local restaurants. Since its creation, the on-demand food delivery service has grown to more than 7,000 partner restaurants in more than 60 cities across six countries globally. Foodora is active in Austria, Canada, Finland, Germany, Norway, and Sweden. It belongs to Delivery Hero, worldwide leader of the food delivery industry. For more information, visit http://www.foodora.ca. Become a fan of foodora on Facebook, follow on Twitter, and Instagram.

For more information, contact:

Mark Holmes, President and CEO,
Zonetail Inc.
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Announces Change in CFO

Zonetail Announces Change in CFO

Toronto, Ontario – (Globe Newswire) – February 8, 2019 – Zonetail Inc. (TSXV: ZONE) (“Zonetail” or the “Company”) is pleased to announce that its Board of Directors has appointed Mr. Robert D.B. Suttie as the new Chief Financial Officer of the Company. Mr. Suttie is Vice President of Marrelli Support Services, serves as Chief Financial Officer or director on a number of other Canadian publicly listed companies including some listed on the Toronto Venture Exchange, Toronto Stock Exchange, and Canadian Securities Exchange. The Company has also engaged Marrelli Support Services of Toronto to provide certain accounting and advisory services. Mr. Suttie will succeed Mr. Dan Crandall who has left his roll as senior manager of Marrelli Support Services. The Company thanks Dan for his services and wish him the best in his future endeavours.

 

CEO Mark Holmes commented, “We are pleased to have Robert join the Zonetail team in the capacity as CFO. Robert’s extensive experience in strategic planning, business development, corporate financing and strong financial oversight make him a welcome member of the executive team as we move forward with Zonetail’s global initiatives.”

 

About Zonetail Inc.

Zonetail is a mobile technology company that provides an anchored local mobile platform for hotels and condominiums. Zonetail provides hotel guests and condo residents with access to and interaction with building amenities and services as well as surrounding restaurants, stores, services, entertainment, and businesses. Zonetail has over 25,000 hotels, including over 50% of the hotels in the United States and over 2,000 condominium buildings, representing over 400,000 units in its portfolio. The Company has offices in Toronto, Ontario and San Dimas, California.

For more information please visit https://zonetail.com/

Contact Information:

Mark Holmes, President and Chief Executive Officer
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

 

Forward-Looking Information

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, ”potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail is pleased to announce that Reetu Gupta of Easton’s Group of Hotels has accepted a position on Zonetail’s Board of Directors

Zonetail is pleased to announce that Reetu Gupta of Easton’s Group of Hotels has accepted a position on Zonetail’s Board of Directors

Toronto, Ontario – (Globe Newswire) – January 17, 2019 – Zonetail Inc. (TSXV: ZONE) (“Zonetail” or the “Company”) is pleased to announce that Reetu Gupta, the CEO and President of The Gupta Group and Easton’s Group of Hotels has accepted a position on Zonetail’s Board of Directors.

Reetu Gupta has worked in the real estate and hospitality industries for over twenty years. Since achieving her MBA in 2008, Reetu quickly added hotels to the Easton’s Group of Hotels portfolio while also diversifying the company’s assets into residential and commercial real estate in 2012, launching The Gupta Group.

Reetu has been awarded Canada’s Top 40 Under 40® in 2017, and the Indo-Canada Chamber of Commerce Female Entrepreneur of the Year Award in 2018, among others.

In 2017, Reetu and her brother Suraj co-founded Rogue Insight Capital (“Rogue”); The Gupta Group’s angel investment and venture capital arm. Suraj, CIO for The Gupta Group and President & CEO of Rogue, is leading the company’s diversification strategies, and Rogue participated in Zonetail’s most recent round of funding.

Mark Holmes, President and CEO stated, “Strategic investment is always an asset and we were very excited to have Rogue Insight Capital invest in our recent round of financing and we are thrilled to have Reetu join Zonetail’s board. Her experience in both the hotel and condo industries provides a wealth of leadership to Zonetail’s Board of Directors and our continued growth and success.”

The Zonetail hotel and condo platforms connect hotel guests and condo residents to the amenities and services of their building through the convenience of their personal mobile device. Included on the platforms are ‘Explore’ sections where paid advertising appears to highlight the businesses and services surrounding each building that the residents and guests are in need of.

Reetu Gupta said, “We have worked with Mark for many years, and when he met with Suraj and myself to share his latest venture, Zonetail, we knew it was something we needed to be involved with. We tailor our investment portfolio towards companies that have a direct relationship with our core businesses, and with Zonetail working in both the hotel and condo space, we couldn’t have asked for a better fit.”

The Easton’s Group of Hotels has begun adopting the Zonetail hotel platform, and future plans include the adoption of the Zonetail condo platform with the residential/condo arm of The Gupta Group.

About Zonetail Inc.

Zonetail is a mobile technology company that provides an anchored local mobile platform for hotels and condominiums. Zonetail provides hotel guests and condo residents with access to and interaction with building amenities and services as well as surrounding restaurants, stores, services, entertainment, and businesses. Zonetail has over 25,000 hotels, including over 50% of the hotels in

the United States and over 2,000 condominium buildings, representing over 400,000 units in its portfolio. The Company has offices in Toronto, Ontario and San Dimas, California.

For more information please visit https://zonetail.com/

About The Easton’s Group of Hotels

The Easton’s Group of Hotels, A Steve Gupta Company, is a major force in the hospitality and service industry with 17 hotels under ownership. Its flagship hotels include industry – renowned brands such as Marriott, Starwood, Hilton, and IHG. With a dynamic leadership team and an abiding passion for excellence Easton’s Group’s core advantages are prime locations, premium quality and superb service. Every Easton’s Group hotel is located to cater to the needs of its clientele while being on the cutting edge of offering the best advantages to its guests. For more information, visit www.eastonsgroup.com

About The Gupta Group

The Easton’s Group of Hotels’ parent company and Residential Real Estate arm, The Gupta Group company first entered the condominium market in 2012 with its successful King Blue project, followed by Dundas Square Gardens, and The Rosedale on Bloor.

With its deep roots in the hotel industry, The Gupta Group has brought its extensive hospitality experience to the condominium market. With services akin to those found in hotels and resorts, and amenities customized to a building’s anticipated demographics, the Gupta Group’s residential projects offer a level of added value that has made these developments highly coveted and some of the most successful recent projects in the Greater Toronto Area. For more information, visit www.guptagroup.ca

About Rogue Insight Capital Ltd.

Rogue Insight Capital is an angel investment and venture capital firm that finds visionaries who dare to transform the world around them through innovative businesses. With a multi-million dollar investment pool under management, and a mandate of finding, funding and coaching great young companies from inception to a successful exit, Rogue mentors their portfolio entrepreneurs by providing strategy and a robust network, building teams, serving on boards and fundraising. As the private equity arm of the Gupta Group, Canada’s largest private hotel development firm and award-winning commercial and residential developers, Rogue offers significant resources that allow burgeoning companies to spread their wings.

Led by the sibling team of Suraj and Reetu Gupta, Rogue Insight Capital currently manages investments across five continents and various verticals including Artificial Intelligence, CleanTech, FinTech, PropTech, Robotics, and more. Rogue is looking to change the game of start-up investing, and is actively seeking new opportunities. For more information, visit www.rogueinsightcapital.com

Contact Information:

Mark Holmes, President and Chief Executive Officer Telephone: (416) 583-3773 ext. 228 mark@zonetail.com

Media Enquiries:

Milad Zareian

Telephone: (416) 583-3773 ext. 226

media@zonetail.com

Forward-Looking Information

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, ”potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Announces the Launch of its Mobile Platform for Condominiums in Partnership with Shiftsuite

Zonetail Announces the Launch of its Mobile Platform for Condominiums in Partnership with Shiftsuite

Zonetail’s new mobile application for residents and property management companies is rolling out to over 2,000 condominium buildings, representing 400,000 units across Canada.

Toronto, Canada, January 11, 2019 (GLOBE NEWSWIRE) — Zonetail Inc. (TSXV: ZONE) (“Zonetail” or the “Company”) is pleased to announce the launch of its condominium mobile application in partnership with the property management software company, Shiftsuite.

The new Zonetail condo mobile application connects residents to the amenities, information, and services of their building through their smartphone. The application, named ‘Shiftsuite’, is available for condo residents to download on either iOS or Android. The application is fully integrated with Shiftsuite’s community website platform.

“The Zonetail condo platform digitizes the entire communication process between the condo property management company and the resident. Condo residents can now interact with property management, create and track maintenance requests, receive real time updates on building information, book amenities, receive community news, status certificates, documents, and much more,” says Mark Holmes, CEO of Zonetail.

Included in the app is an ‘Explore’ section, where local businesses around each building can offer promotions and deals to formerly difficult-to-reach condo residents, providing a highly targeted, interactive, and less expensive alternative to direct mail and traditional media. Advertisers can change their message on the fly in real time, giving them the ability to customize and contextualize their promotions.

“Not only does the app connect residents to their condo, it connects them to the neighbourhood,” says Darryl Deen, President of Shiftsuite. “When people purchase a condo, they also buy the neighbourhood, and Zonetail provides that connection.”

The Zonetail condo application is rolling out to over 2000 condo buildings, representing 400,000 units across Canada, and a sizable 30% of the red-hot condominium market in the Greater Toronto Area.

“A home or condo is often the most expensive purchase people make in their lifetime; they want to know what’s going on,” says Mark Holmes. “Apart from the convenience, Zonetail provides them with the security of being in contact wherever they are.”

Further, Holmes stated, “Zonetail intends to expand access to its condo mobile technology to property management companies and residents throughout North America, adding to its hotel mobile technology and application currently being adopted by 25,000 hotels.”

About Zonetail Inc.

Zonetail is a mobile technology company that provides an anchored local mobile platform for hotels and condominiums. Zonetail provides hotel guests and condo residents with access to and interaction with building amenities and services as well as surrounding restaurants, stores, services, entertainment, and businesses. Zonetail has signed agreements with more than 25,000 hotels as well as over 2,000 condominium buildings in the U.S. and Canada. The Company has offices in Toronto, Ontario and San Dimas, California.

For more information please visit https://zonetail.com/.

About Shiftsuite

Shiftsuite is the largest provider of condominium management software in Canada, with 400,000 units in CONDUIT, and serves more than 1,600 condominiums with accounting, property management tools, online proxies and community websites. Shiftsuite is the world’s best condo software ecosystem of condo specific cloud-based applications and bundles. The Shiftsuite ecosystem integrates all condo information into one seamless system with built-in push notifications, allowing property managers to focus where it matters and keep residents and owners informed and connected to their condo community 24/7 through the convenience of an app. Shiftsuite brings technology and innovation to the condominium industry.

For more information visit https://shiftsuite.com/

For more information please contact:

Mark Holmes, President and CEO
Zonetail Inc.
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, ”potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Announces the U.S. launch of its Hotel Mobile Platform in Partnership with AAHOA

Zonetail Announces the U.S. launch of its Hotel Mobile Platform in Partnership with AAHOA

TORONTO, Dec. 05, 2018 (GLOBE NEWSWIRE) — Zonetail Inc. (TSXV: ZONE) (“Zonetail” or the “Company”) is pleased to announce the launch of its anchored local, mobile app in Tampa Bay, Florida in concert with Zonetail’s partner, AAHOA, the largest association of hotel owners in the world.

The Zonetail platform connects hotel guests to the amenities and services of their hotel through the convenience of their own mobile device and offers hotels new service options to increase revenues and customer engagement. Guests can select their hotel destination and the app will “reskin” (tailor the content) to provide information and connectivity to any Zonetail-supported hotel worldwide. It will also include all local area information on attractions, events, dining and shopping will also be included. The app is planned to drive direct bookings, increase incremental revenue, decrease operating costs, build loyalty and enhance the entire guest experience. The Zonetail platform also features a content management system allowing hotels and local businesses the ability to update and edit their content, providing guests with all the information they’re looking for all in real time.

Mr. Mark Holmes, President and CEO stated, “Our mobile platform offers real value to the traveler and to the future of the travel and hospitality industry. Smartphone and tablet owners are more likely to use hotel services if they were made available via mobile devices. The Zonetail mobile app improves the communication process between the hotel and guest.”

Mark Holmes, stated further, “Our partnership with AAHOA is instrumental, as they are the largest association of hoteliers in the world with over 18,000 members, who own almost half of all the hotels in the U.S. After extensive planning and testing, we are very excited to launch with AAHOA in Tampa Bay, with additional markets coming very soon.”

Mr. Chip Rogers, President and CEO of AAHOA stated, “Connectivity will play an even greater role in a hotel experience in the future. Hoteliers must prioritize technology and understand the need for continued growth. With Zonetail, our members have access to the latest technology to improve the guest experience and their bottom line.”

The launch in Tampa Bay, Florida is the beginning of a large national rollout of the Zonetail mobile travel platform which is planned to eventually cover every U.S. market where AAHOA members own hotels, along with additional hotels in Canada and around the world.

About Zonetail Inc.Zonetail is a mobile technology and marketing company that provides an anchored local mobile platform for hotels and condominiums. Zonetail provides hotel guests and condo residents with access to and interaction with building amenities and services as well as surrounding restaurants, stores, services, entertainment, and businesses. Zonetail has signed agreements with AAHOA and many other hotels across North America. The Company has offices in Toronto, Ontario and San Dimas, California.

For more information please visit https://zonetail.com/

About AAHOAFounded in 1989, AAHOA is the largest hotel owner’s association in the world, with over 18,000 members. AAHOA members own nearly one in every two hotels in the United States and employ over 600,000 workers. AAHOA’s mission is to advance and protect the business intersts of hotel owners through advocacy, industry leadership, professional development, member benefits, and community engagement.

For more information visit https://www.aahoa.com/

Contact Information:Mark Holmes, President and Chief Executive Officer Telephone: (416) 583-3773 ext. 228 mark@zonetail.com

Media Enquiries:Milad Zareian Telephone: (416) 583-3773 ext. 226 media@zonetail.com

Forward-Looking InformationThis press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, ”potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and, are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.


Zonetail Inc. Announces Commencement of Trading on TSX Venture Exchange on November 22, 2018 Under the Symbol "Zone"

Zonetail Inc. Announces Commencement of Trading on TSX Venture Exchange on November 22, 2018 Under the Symbol "Zone"

Toronto, Ontario–(Newsfile Corp. – November 21, 2018) – Zonetail Inc. (TSXV: REQ.H) (formerly Revelstoke Equity Inc.) (the “Corporation“), is pleased to announce that the TSX Venture Exchange (the “Exchange“) has issued its final bulletin (the “Final Bulletin“) in connection with the completion of the Corporation’s “Qualifying Transaction” (as such term is defined in the policies of the Exchange) (the “Qualifying Transaction“), which was completed on November 8, 2018. Pursuant to the Qualifying Transaction, the Corporation completed a combination with Revelstoke Subco Inc., a wholly-owned subsidiary of the Corporation, and Zonetail Inc. (“Zonetail“).

As set out in the Final Bulletin, trading in the common shares of the Corporation (“Common Shares“) will commence at market open on Thursday, November 22, 2018, under the new trading symbol “ZONE”. The Corporation will ring the opening bell on November 26, 2018 at 9:00 a.m. EST.

For further details with respect to the Qualifying Transaction, please see the filing statement of the Corporation dated November 5, 2018 prepared in connection with the Qualifying Transaction (the “Filing Statement“) and the press releases of the Corporation dated November 7, 2018 and November 8, 2018, each of which has been filed under the Corporation’s profile at www.sedar.com.

“We are pleased to be listed on the TSX Venture Exchange and to welcome our new Board of Directors and so many high-quality shareholders to the Zonetail fold. We are very excited about the next chapter for Zonetail as a public company, and I’d like to thank everyone involved who helped us attain this significant milestone,” stated Mark Holmes, President and CEO.

Zonetail Board of Directors

Mark Holmes – Founder, President, Chief Executive Officer and Director. Mr. Holmes previously served as owner and manager of Kingsway Agencies, a leading hospitality company established in 1960. Mr. Holmes has almost 20 years of experience in the hotel and retail/restaurant industries.

Paul Scott – Director and Chairman. Mr. Scott currently serves as President of Scott Analytics. Mr. Scott previously served as Director of Clients at UCLA Olympic Analytical Laboratory. Mr. Scott has a J.D. (Doctor of Jurisprudence) from Rutgers Law School and previously served as an attorney at Sidley, Austin, Brown and Wood.

William (Chip) Rogers – Director. Mr. Rogers currently serves as President and CEO of AAHOA, a leading U.S.-based organization of hotel owners. Mr. Rogers also serves on the Board of the US Travel Association, the Forbes Nonprofit Council, California State University Hospitality & Tourism Management Education Alliance Advisory Panel, the Michigan State University Hospital Business Real Estate Investment Management Advisory Council, American Legislative Exchange Council Private Enterprise Advisory Board, Community Leaders of America Board, and the HX Advisory Board.

Adam Topp – Director. Mr. Topp currently serves as Partner and CEO of Benchmark Intelligence Group Inc. (BIG Healthcare). Mr. Topp has over 25 years of experience in the healthcare sector; previously serving as Chief Operating Officer at Winnipeg Health Sciences Centre and Grace General Hospital and Vice President, Clinical Operations at Sunnybrook Hospital.

Reetu Gupta – Director. Ms. Gupta currently serves as Chief Executive Officer of the Easton Group of Hotels and is the Co-Founder and Chief Strategy Officer of Rogue Insight Capital Ltd.

David Oliver – Director. Mr. Oliver currently serves as President of Strategic Hospitality Services Inc. and he also serves on the Board of InTouch Insight Ltd. and the Advisory Board of Routier Ltd. Mr. Oliver has over 35 years of experience in the hospitality industry including finance, operations and development.

Update

Pursuant to the Filing Statement, the Corporation disclosed that assuming completion of the Qualifying Transaction, as of the date of the Filing Statement, the Corporation would have an aggregate of 62,522,930 Common Shares outstanding, assuming no exercise of outstanding convertible securities. Between the date of the Filing Statement and the closing of the Qualifying Transaction, 2,251,200 warrants of Zonetail were exercised for common shares of Zonetail and were exchanged for Common Shares in connection with the Qualifying Transaction. Upon completion of the Qualifying Transaction, there are 64,774,130 Common Shares issued and outstanding and 11,542,501 warrants exercisable for Common Shares outstanding.

Issuance of Stock Options

The Corporation has also granted today options (“Options“) to acquire an aggregate of 4,000,000 Common Shares to certain directors, officers and employees of the Corporation. Details on the Options granted today are noted in the table below.

Category of Optionee Number of
Options
Exercise
Price
Expiry
Date
Officers of Zonetail
Mark Holmes, Director and Chief Executive Officer 1,000,000 $0.18 November 20,
2023
Brian Davies, Vice President of Sales 1,000,000 $0.18 November 20,
2023
Ken Singh, Director of Business Development 750,000 $0.18 November 20,
2023
Matt Rice, Chief Technical Officer 1,000,000 $0.18 November 20,
2023
All other employees of Zonetail 250,000 $0.18 November 20,
2023
TOTAL 4,000,000

 

About Zonetail Inc.

Zonetail is a mobile technology company that provides an anchored local mobile platform for hotels and condominiums. Zonetail provides hotel guests and condo residents with access to and interaction with building amenities and services as well as surrounding restaurants, stores, services, entertainment, and businesses.

For more information please visit https://zonetail.com/.

Additional Information

For further information please contact:

Zonetail Inc.:
Mark Holmes, President and Chief Executive Officer
Telephone: (416) 583-3773 ext. 228
mark@zonetail.com

Cautionary Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the Corporation’s expectation as to the resumption of trading of the Common Shares on the Exchange. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those that are currently contemplated by these statements. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation, its securities, or its financial or operating results (as applicable). The statements in this news release are made as of the date of this release.

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) has in any way passed upon the merits of the Qualifying Transaction and associated transactions and neither of the foregoing entities has in any way approved or disapproved of the contents of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.


Revelstoke Equity Inc. Announces Closing Of Zonetail Inc. Subscription Receipt Financing.

Revelstoke Equity Inc. Announces Closing Of Zonetail Inc. Subscription Receipt Financing.

TORONTOJuly 13, 2018 /CNW/ – Revelstoke Equity Inc. (TSXV: REQ.H) (the “Corporation” or “Revelstoke“) announces that, further to its press release dated July 12, 2018 (the “Previous Press Release“), Zonetail Inc. (“Zonetail“) has closed its previously announced brokered private placement of 11,130,092 subscription receipts of Zonetail (“Subscription Receipts“) for gross proceeds of $2,003,416.56 (the “Private Placement“) pursuant to an Agency Agreement dated July 13, 2018 (the “Agency Agreement“) among the Corporation, Zonetail, Gravitas Securities Inc. (“Gravitas“), acting as co-lead agent with Canaccord Genuity Corp. for the Private Placement, and with Beacon Securities Limited (collectively, the “Agents“). In connection with their services to Zonetail with respect to the Private Placement, the Agents have been compensated pursuant to the Agency Agreement as was previously disclosed in the Previous Press Release.

The Private Placement was completed as a condition to the Corporation’s “Qualifying Transaction” (as such term is defined in the policies of the TSX Venture Exchange) pursuant to which the Corporation and Zonetail are expected to combine their business operations (the “Transaction“). Upon completion of the Qualifying Transaction, the combined entity (the “Resulting Issuer“) will continue to carry on the business of Zonetail. For further details on the Transaction, please see the Previous Press Release.

Each Subscription Receipt will be automatically exchanged immediately prior to the completion of the Transaction (without any further action by the holder of such Subscription Receipt and for no further payment) for common shares of Zonetail (“Zonetail Shares“), each of which shall be exchangeable into one common share of the Resulting Issuer, upon satisfaction of certain escrow release conditions (the “Escrow Release Conditions“). The proceeds from the Private Placement less $100,000.08 pursuant to a subscription settling directly with Zonetail (“Escrowed Funds“) have been deposited in escrow pursuant to a subscription receipt agreement dated July 13, 2018 (the “Subscription Receipt Agreement“) between Zonetail, Gravitas and TSX Trust Company, as registrar and transfer agent for the Subscription Receipts and as escrow agent to receive the Escrowed Funds. If the Escrow Release Conditions are not satisfied, the Escrowed Funds will be returned to the subscribers of the Private Placement in accordance with the Subscription Receipt Agreement. The proceeds from the Private Placement, once released from escrow, will be used for the initial development of Zonetail’s blockchain application technology, sales and marketing efforts, and general working capital and corporate purposes.

Additional Information

For further information concerning the Transaction, please refer to the press release of the Corporation dated January 31, 2018 and the Previous Press Release available on SEDAR at www.sedar.com. Completion of the Transaction is subject to a number of conditions including, but not limited to, closing conditions customary to transactions of the nature of the Transaction, approvals of all regulatory bodies having jurisdiction in connection with the Transaction, TSX Venture Exchange acceptance of the Transaction as the Qualifying Transaction of Revelstoke and, if required by the TSX Venture Exchange policies, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approvals are obtained and there can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Cautionary Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the proposal to complete the Transaction and associated transactions, including statements regarding the terms and conditions of the Transaction, the release of the Escrowed Funds and the use of proceeds of the Private Placement. The information about Zonetail contained in the press release has not been independently verified by the Corporation. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Transaction, the release of the Escrowed Funds and associated transactions, that the ultimate terms of the Transaction and associated transactions will differ from those that currently are contemplated, and that the Transaction, the release of the Escrowed Funds and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities). The terms and conditions of the Transaction may change based on the Corporation’s due diligence (which is going to be limited as the Corporation intends largely to rely on the due diligence of other parties of the Transaction to contain its costs, among other things) and the receipt of tax, corporate and securities law advice for both Revelstoke and Zonetail. The statements in this press release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation, Zonetail, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and associated transactions and neither of the foregoing entities has in any way approved or disapproved of the contents of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

SOURCE Revelstoke Equity Inc.

For further information: Revelstoke Equity Inc.: Craig Leon, Chief Executive Officer, Chief Financial Officer, Corporate Secretary and Director, Telephone: (416) 368-2773, Email: cleon@rangercap.ca


Zonetail Launching New Mobile Marketing Tool For Local Businesses To Target Millions Of Unsatisfied Travellers.

Zonetail Launching New Mobile Marketing Tool For Local Businesses To Target Millions Of Unsatisfied Travellers.

Urban Living Futures today announced the first 20 innovators selected for the inaugural cohort of the UPPlift: Toronto Urban Pilot Platform. The selected innovators will have the opportunity to work with UPPlift partners Microsoft, QuadReal Property Group, the City of Toronto and Intel to refine their ideas and leverage their technology to maintain Toronto’s liveability as the city grows and demands more from our built environment.

The UPPlift: Toronto platform launched at the beginning of the year to support an ongoing movement to transform the city into a tech-enabled model of sustainable urban living. The platform is an evolving ecosystem that matches cities and city-based companies with smart city solutions to accelerate change and improve urban centres around the world. Multiple technology partners and multiple test-beds offer innovators a range of opportunities to improve and trial their innovations.

“We were extremely impressed by both the quantity and the quality of submissions,” said Mikele Brack, Founder and CEO of Urban Living Futures and creator of the UPPlift platform. “It is inspiring to see how many innovators across Canada are working on forward-thinking solutions for sustainable urban living, and how many of them are ready to pilot.”

The selected innovators will join a five-week program that includes workshops with UPPlift partners, and professional support from other sponsors. At the end of the program, innovators will present a tailored business plan that addresses a specific use case and 5 to 8 innovations will be invited to pilot. Selected innovators are eligible for up to $25,000 to cover pilot costs from the Independent Electricity Systems Operator (IESO) and a Start Up Program of legal services from Fasken.

The inaugural cohort is focused on solutions that deliver long-term sustainability and resource efficiency, and improve tenant/resident experiences within existing Toronto properties. Proposed solutions leverage a diverse range of technologies and applications, including the Internet of Things, Blockchain, and Artificial Intelligence and are all designed to enhance the modern urban living experience.

The twenty innovators in the first cohort include:

ArgosAI
Digitized data stream used to count people, space usage, advertisement impact, automate parking space, and individual parking space management without sensors.

Binners Junk Removal
Junk removal app focused on continuously organizing and simplifying item removal and sustainable disposal.

Bosch Canada
In-store retail analytics for real-time customer traffic data allowing brick and mortar stores to compete more effectively in a digital world.

Eddy Home
Intelligent leak protection and water monitoring through smart products that offer a comprehensive water management system that protects, controls, and conserves water.

Emagin
Operational intelligence platform for water and wastewater facilities to make informed, real-time decisions.

Infranovate
Smart bench and smart material, called STERED, that can clean the air, reduce noise pollution, mitigate flooding and green our environment.

Intuitive Robotics
Oscar, a machine learning and computer vision integration for disposal units that diverts items away from landfills and oceans while also providing waste insights to create smarter zero waste buildings and cities.

Invixium
Biometric products that are secure, convenient, and simple to use.

Kodisoft
World-leading interactive smart table and touch sensor technology with lightning-fast response times and unlimited multi-touch ability.

NetraMark Corp
Applications designed to optimize learning through easy to use interfaces which allow for AI and human expertise to converge with real life solutions efficiently.

Rockbar Construction
Customized clean water solutions for a variety of property types.

Rover Parking
App connecting empty and unused parking spots with those looking for affordable and convenient parking.

SensorSuite
A complete suite of monitoring and control solutions for boilers and electrically heated buildings.

Southwest Energy Inc
Supplier and installing contractor for mechanical and green energy solutions.

sPark*
Premium electric vehicle charging stations.

Strawberry Energy
Solar-powered urban furniture for smart and sustainable cities.

Vseta
Groundbreaking facility sensors to solve facility service challenges using IoT.

Xesto
Gesture recognition startup that enables developers and creators to easily make their applications touchless.

ZEITDICE
Long-term visual data collection and extraction with a patent pending camera that does not run out of battery or memory and can be deployed anywhere.

Zonetail
Customized mobile platforms that connect hotel guests and condo users to the amenities and services of their building.

“There is a lot of smart talent in Toronto, creating the tools that will further meet the needs of sustainable smart cities, now and in the future,” said Michael Kolm, Chief Transformation Officer, City of Toronto. “This initiative is a great opportunity to support local innovators in developing solutions that may benefit residents, businesses and communities through smart technology.”

Top innovators were selected in collaboration with UPPlift: Toronto sponsors and leading experts in technology, innovation and city building. Criteria to advance to the Urban Pilot Prep included innovation, impact and viability of the solutions. The innovations that best suit the City of Toronto and QuadReal Property Group test-bed properties will be chosen to explore a pilot in May 2018 and commercialisation assistance will be offered to enhance their progress. Successful pilots and all submissions will be considered for implementation in international cities as the UPPlift platform expands.

About UPPlift

UPPlift is an urban pilot platform (UPP) designed and delivered by Urban Living Futures Inc. The platform identifies innovations and facilitates live demonstrations of technologies aimed at resolving challenges in the built environment, ensuring asset owners and managers achieve cost savings, improved operations and enhanced experiences for their users. The process creates a living lab in the host city, attracting and retaining an innovator ecosystem, and facilitating deployment of “smart” and resource-efficiency technology into the city’s infrastructure and built assets.

About Urban Living Futures Inc.

Urban Living Futures Inc. designs and delivers innovation programs creating convergence between urban innovators (supply) and built asset owners/managers (demand) to create efficiencies and enhanced user experience with smart technologies. We bring together private sector companies, city authorities and global technology leaders and harness their support to help innovators pilot and ultimately commercialize emergent technology.


Pitch Analysis: Zonetail

Pitch Analysis: Zonetail

Hosts Bruce Croxon and Amber Kanwar look at Zontail’s business of providing a localized mobile platforms for hotels and condos.


Zonetail Signs Agreement With Asian American Hotel Owners Association (AAHOA) To Launch A Global Mobile Solution Featuring AAHOA’s 15,000 Hotelier Members.

Zonetail Signs Agreement With Asian American Hotel Owners Association (AAHOA) To Launch A Global Mobile Solution Featuring AAHOA’s 15,000 Hotelier Members.

AAHOA President & CEO Chip Rogers to Join Zonetail’s Board of Directors

Zonetail Inc. (“Zonetail”), a mobile technology company and the Asian American Hotel Owners Association, Inc. (“AAHOA”) are launching a single, one-app platform which will be named “Zonetail” and will feature AAHOA’s 15,000 hotel members along with Zonetail’s other hotel clients worldwide. This platform will connect hotel guests to the amenities and services of their hotel through the convenience of their own mobile device and offers hotels new service options to increase revenues and customer engagement. Guests can select their hotel destination and the app will “reskin” (tailor the content) to provide information and connectivity to any Zonetail-supported hotel worldwide. All local area information on attractions, events, dining and shopping will be provided. The app will drive direct bookings, avoiding the substantial commissions charged by the online travel agencies, increase incremental revenue, decrease operating costs, build loyalty and enhance the entire guest experience.

“We believe Zonetail is uniquely positioned to become the mobile application of choice for hoteliers. Zonetail’s product quality and earnings potential for hotel owners make Zonetail the natural leader in this market segment. We are extremely pleased to conclude a partnership with them as we are of the view that Zonetail’s “anchored local” approach will serve our members well. I am delighted to accept a position on the Zonetail Board of Directors and I look forward to helping the Company grow into a recognized leader in the hospitality technology solutions space” said Chip Rogers, President & CEO, AAHOA.

“Our agreement with AAHOA is a major milestone for Zonetail in its efforts to substantially expand our hotel client base in North America. We are thrilled to partner with such an influential and prestigious voice in the hotel industry and to work with its members. I would like to welcome AAHOA’s President & CEO, Chip Rogers, to Zonetail’s board of directors. He will be an invaluable partner as Zonetail continues to provide services to the rapidly evolving hotel market” stated Mark Holmes, Zonetail’s President & CEO.

About Asian American Hotel Owners Association: Founded in 1989, the Asian American Hotel Owners Association, Inc. (AAHOA) is the largest hotel owners association in the world, with over 15,000 members. AAHOA members own more than 25,000 hotels amounting to approximately 50 percent of all hotels in the United States and employ nearly 700,000 workers, accounting for over $10 billion in payroll. For more information visit www.aahoa.com.

About Zonetail: Zonetail is a mobile technology company that provides an anchored local mobile platform, custom-branded to hotels, which connects guests to the full range of hotel services and businesses in the surrounding neighborhood. To date, Zonetail has signed agreements with more than 25,000 hotels as well as over 1,800 condominium buildings.

For more information, visit www.zonetail.com.

For additional information:

Beverly Brooks
President, Brooks Communications
416 482 8889
Brooks.communications@rogers.com


Find Local Hotels And Businesses With Zonetail.

Find Local Hotels And Businesses With Zonetail.

Priding themselves on what they call ‘anchored local’, Zonetail provides property information, access, interaction and contextually relevant content about the surrounding neighborhood for any traveler looking for more information or places to visit in the area.

“Zonetail is the world’s first free mobile app and platform, custom branded to hotels, which connects guests to the full range of hotel services and businesses in the surrounding neighborhood,” according to a Zonetail press release.

Pull out your smart technology and download one of the many free apps the company offers with a click of a button and find information on hotels, condos, property amenities, restaurants, stores, services, entertainment and attractions all nearby with location services to identify where you are on a map.

I downloaded the Baymont Inn & Suites Zonetail app and had the option of searching hotel information with a provided link to make a reservation and a list of front desk and hotel amenities and services from the fitness center, if you’re feeling brave on a vacation, to dry cleaning which is offered on site.

With the Explore page, I searched through attractions, shopping, take out and restaurants all in the area with location services turned on in my settings.

The company launched in 2013 with offices in Toronto, Ontario and Palo Alto, California. The app is available worldwide with 100 hotel partners evenly split between the US and Canada with a few offshore. Zonetail recently signed 1,800 condominium buildings, which includes 35% of the Greater Toronto Area market, according to President and CEO Mark Holmes.

Tom Tittel, Vice President of Operations of Silverbirch Hotels, started using Zonetail in 2014. “The app immediately provided us with mobile identity and incredibly simple access for our guests to make everything from reservations, general enquiries, special requests and to feel comfortable in the downtown neighborhood while using customized features of the Zonetail app,” said Tittel.

Holmes brings fifteen years of experience to the company after owning and managing Kingsway Agencies, the birthplace of Zonetail. Kingsway Agencies began in 1960 and offered sliding devices to attach to hotel guest phones displaying hotel information, amenities and services, as well as local area advertising. Zonetail is the modern version of the business with targeted sponsored content on a free mobile platform.

“Anything they [travelers] used to have to do through a landline or at the front desk they can now do on their own phone whenever they want and from wherever they are,” said Holmes. “Location-based apps such as Yelp, and Trip Advisor provide unstructured, general area information. Zonetail is anchored to the places where people live, stay, work, and congregate.”

When I searched Zonetail on my IPhone, the list of apps seemed to go on forever. From Cambridge Suites Toronto to the Quality Inn Pooler Savannah to Port Inn Portsmouth, hotels and attractions from places all across the country and Canada are listed in a number of different Zonetail apps. I find that rather than downloading a new hotel or condo brand’s app each time, the information would be easier and much more convenient if it were all in one.

With the company’s content management system, hotels and condos can load content onto their app in real time. Advertisers can change any content by day, for a specific occasion or whenever they want to take ‘advantage of contextual relevance and time-sensitivity’ with the system.

“You could almost say it [the app] represents the digital version of a comprehensive in room guest directory, right in the palm of the guest,” said Tittel. “The bonus features such as maps, attractions, local favorites and the ability to make future reservations top it off.” The easy-to-use app, creative team members, no cost to produce and maintain the page and positive reviews from guests is what makes joining Zonetail well-worth it for Tittel.

Zonetail is working to establish and own the anchored local category and grow the company into a ubiquitous presence across the hotel and condo market.

The most rewarding part of it all for Holmes has been seeing the idea of ‘anchored local’ become reality, “Taking what we believe to be a solid human insight and need, building a product to fulfill that need and watching interest grow throughout North America,” he said.