Zoompass Issues Statement About Literature In the Market Concerning Its Common Stock

TORONTO, ONTARIO--(Marketwired - May 26, 2017) - Zoompass Holdings Inc. ("Zoompass" or the "Company") (OTC:ZPAS) announces that it has been made aware of certain literature and social media content in the market place which contains negative and incorrect information, which the Company has not been asked to clarify nor confirm, promoted by third parties unrelated to the Company. These promoters include contributors to websites such as www.seekingalpha.com and others who are paid by such websites or other third parties and whom, we believe, profit from such misinformation.

We previously advised in our May 11, 2017 press release to not rely on certain third party positive promotional activities of which we became aware. We now similarly advise to not rely on negative promotional activities. This misinformation includes representations about the continuing nature of the promotional activities we referenced in our May 11, 2017, press release, which representations could only be known by those promoters, as well as mistakes about the management team. We reiterate that the Company's Chief Executive Officer is Jack Robert Lee ("Rob Lee"), and has filed a 10-K/A to that effect with the Securities and Exchange Commission. Mr. Lee has used no other name, and Mr. Lee has been disclosed in the Company's OTC certification dated December 7, 2016, and whose biographical information is disclosed in the Company's 10-K, in previous 8-K filings and on the Company's website.

"We urge our investors and future investors to review our filings and seek independent financial, tax and legal advice before investing, and to not rely on promotional materials, whether positive or negative," advised our CEO Rob Lee, "and we believe in the gains the Company has made and we share our investors' enthusiasm about our future."

The Company continues to encourage anyone considering an investment in our securities to review our public filings, website and press releases, and their own personal financial advisors, and to not rely on third party newsletters/recommendations, websites or general stock symbols/classifications or other identifiers regarding our securities, whether positive or negative, as these items are simply opinions/policies of a third party. These third parties are, in many instances, paid by the publisher or other third parties and the Company believes that they profit from the publication of this literature and the results on the market. These materials should not be a substitute for investors' research and independent decision making process.