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
HotelsThe 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 GroupThe
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. 226media@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.
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