Business
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, Ontario--(Newsfile Corp. - October 21, 2019) - Zonetail Inc. (TSXV: ZONE) is pleased ...
About this update from Zonetail, Inc.
[{"type":"text","content":"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, Ontario--(Newsfile Corp. - October 21, 2019) - Zonetail Inc. (TSXV: ZONE) 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...