ZoomAway Announces Proposed Change of Business to Investment Issuer - Seite 2

The proposed change of business to Access will also entail shareholder approval for, among other matters, the change of the corporate name from "ZoomAway Technologies Inc." to "Access Pre-IPOs", as well as a consolidation of the issued and outstanding common shares of the Company in order to accommodate a proposed financing (see "Proposed Financing" below). Based upon the current trading range of the Company's common shares on the Exchange, the Company is considering a consolidation ratio of up to 200:1.

Proposed Board and Management of Access

The Board of Directors of Access is expected to consist of (i) Mr. Jay Bala, a current director of the Company, (ii) Mr. Alex Kanayev, a current director of the Company, (iii) Mr. John Cooper, a new proposed independent director, (iv) Mr. Richard Stone, a new proposed independent director, and (v) Mr. Mason Shan, a current independent director on the Company.

Jay Bala, CEO and Director

Mr. Jay Bala, CFA, a current director of the Company and co-founder, CEO and Senior Portfolio Manager of AIP, is expected to act as the CEO of Access.

Mr. Bala is a member of the board of directors at several publicly listed companies. He has prior experience working at a large family office, equity research at an investment bank and a prominent private debt fund. Mr. Bala holds a Bachelor of Commerce from the University of Toronto and is a CFA charter holder. In 2014, Mr. Bala was a nominee for the Ernst & Young Entrepreneur of the Year Award.

Assuming the change of business to Access, Mr. Sean Schaeffer, the current CEO of the Company, will step down as CEO and director of the Company, however Mr. Shaeffer will continue to lead the Company's current operating Nevada subsidiary, ZoomAway, Inc.

Alex Kanayev, CFO and Director

Mr. Alex Kanayev, MBA, CPA, ICD.D, a current director of the Company and co-founder and Chairman of AIP, is expected to act as the CFO of Access. Mr. Kanayev is a co-founder & Chairman of AIP and a Member of the AIP Advisory Board. He sits on the board of several companies and is Managing Partner at AIP Private Capital. Previously, he was the SVP at a prominent Private Debt Fund and Portfolio Manager at BMO Financial Group. Mr. Kanayev received his MBA from Schulich School of Business at York University and is a CPA charter holder and has an ICD.D designation from the Institute of Corporate Directors. In 2014, Mr. Kanayev was a nominee for the Ernst & Young Entrepreneur of the Year Award.