Zonetail Responds to Belgravia Hartford’s Litigation Update
Toronto, Ontario–(Newsfile Corp. – February 4, 2022) – Zonetail Inc. (TSXV: ZONE) OTCQB: ZTLLF) (“Zonetail” or the “Company”) responds to Belgravia Hartford Capital Inc. (“Belgravia”) (CSE: BLGV).
Zonetail’s company policy has been to not respond to matters that are before the Courts through press releases. However, due to the material omissions in Belgravia’s recent press release, the Company felt it was important to provide the following facts:
- It was Zonetail, not Belgravia, that initiated the civil proceedings by way of a claim against Belgravia launched in December 2019 for over $5,000,000.
- Zonetail’s claim seeks damages from Belgravia for, among other things, alleged abuse of process, malicious prosecution, breach of contract and Zonetail’s resulting loss of reputation and loss of commercial opportunities.
- Zonetail’s claim arises in part from steps allegedly taken by Belgravia in initiating a bankruptcy application against Zonetail in 2019.
- The Ontario Superior Court of Justice dismissed Belgravia’s bankruptcy application on consent in August 2020.
Zonetail’s position is that Belgravia’s counterclaim is without merit. Zonetail looks forward to having the claims determined by the Court.
About Zonetail
Zonetail Inc. (TSXV: ZONE), (OTCQB: ZTLLF) is a mobile platform for hotels and high-rise residential buildings providing guests and residents access and interaction with building amenities and services, as well as neighbouring restaurants, stores, services, and other businesses. Zonetail has a partnership with AAHOA, the largest association of hoteliers in the world, representing over 25,000 hotels and 50% of the US market. Zonetail has signed an integration agreement with Yardi, the largest property management software company in North America, and is now rolling out its mobile solutions across Canada and the U.S.. Zonetail is also partnered with Shiftsuite, one of the largest property management system software providers to the condo industry in Canada.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes
President and CEO
Zonetail Inc.
Telephone: (416) 994-5399
mark@zonetail.com
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/112779