Business
Belgravia Launches Frivolous, Nuisance Claim Against Zonetail
Toronto, Ontario--(Newsfile Corp. - June 27, 2019) - Belgravia Capital has brought a nuisance ...
About this update from Zonetail, Inc.
[{"type":"text","content":"Belgravia Launches Frivolous, Nuisance Claim Against ZonetailToronto, Ontario--(Newsfile Corp. - June 27, 2019) - Belgravia Capital has brought a nuisance action of insolvency against Zonetail (TSXV: ZONE), claiming that \"Zonetail has ceased to meet its liabilities generally as they become due, in that Zonetail has failed to pay its obligations to Belgravia in respect of the Indebtedness.\"Zonetail finds the claim to be frivolous. Zonetail is current on its obligations, including any obligations to Belgravia, none of which are currently due. Zonetail will defend against this action vigorously.About ZonetailZonetail 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.Mark Holmes, President and CEOZonetail Inc.Telephone: (416) 583-3773 ext. [email protected] Disclaimer and Forward-Looking StatementsThis 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...