SosTravel com S P A : Annual financial report as of 31/12/2022 of the sostravel.com S.p.A.
April 11, 2023
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sostravel.com S.p.A. Annual Report as of 31 December 2022
SOSTRAVEL.COM S.P.A.
FINANCIAL
31 December
♥ sostravel 2023
Via Marsala 34/A
www.sostravel.com
21013 Gallarate (VA) Italy
Annual Report for sostravel.com
as of 31 December
TABLE OF
CONTENTS
A. SOSTRAVEL.COM S.P.A.
Presentation of the Company page 4
Corporate structure page 13
Corporate bodies page 14
sostravel.com on the Euronext Growth Milan Stock Exchange and OTCQB in New York page 15
B. REPORT ON OPERATIONS
Operational trends and business outlook page 17
Economic and financial performance page 22
Other information page 26
C. FINANCIAL STATEMENTS OF SOSTRAVEL.COM S.p.A.
AS OF 31 December 2022
Financial statements page 31
Explanatory notes page 41
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SOSTRAVEL.COM S.P.A.
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Annual Report for sostravel.com
as of 31 December
1. Company presentation
The Company was incorporated with a deed dated 27 November 2017, registered in the Registry of Companies on 7 December 2017 through the Conferment - by TraWell Co (previously Safe Bag) - of the company branch named "Sostravel.com".
In November 2022, the reverse take-over operation was completed through the merger by incorporation of Digital Destination Company S.r.l., a digital provider of solutions in the tourism sector which operates as an intermediary between tourism service providers and customers by offering the possibility to book online stays in accommodation facilities (hotels - resorts), tourist services (e.g. trains,
Sostravel.com S.p.A. is a digital operator that offers digital booking services and itineraries, including information on flights and airports, car rentals as well as experiences and proprietary services. The latter include the Lost Luggage Concierge sevice through the sostravel and Flio apps and with the following platforms:
www.sostravel.com
www.amareitalia.com
www.amareitalia.es
www.trawellco.com
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Annual Report for sostravel.com
December 2022 admission of sostravel.com S.p.A to trading on the American market OTCQB - the third largest US market, managed by OTC Markets Group Inc., based in New York (USA); trading of sostravel.com shares began with the ticker "SOSAF ". Trading on the OTCQB market provides companies with access to US capital markets. Investors can access the Company profile which includes financial communications and share
To qualify for trading on the OTCQB, the company had to meet high financial standards by following corporate governance best practices and demonstrating compliance with applicable securities laws.
The objective of the Company is to present itself on the market - through an integrated digital platform (the sostravel App) which has been launched and promoted on primary mobile stores (including Google Play and App Store) as an "aggregator" of a range of passenger assistance services throughout the journey, from departure to arrival at the destination airport.
In the near future, sostravel.com will continue to invest in innovation and development with the aim of expanding and further consolidating its leadership in the sector.
as of 31 December
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SosTravel.com S.p.A. published this content on 12 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2023 07:02:04 UTC.
SosTravel.com SpA is an Italy-based company, which is active in the travel industry. The Company offers an Internet platform that offers a number of services, such as Flight Info, which includes a digital concierge that informs users regarding the time to reach the airport, check-in, boarding and real time updates on the status of their flights; Airport Info, which includes parking, waiting time in airports, a list of restaurants and shops and lounges, among others; Lost & Found Concierge, which encompasses refund of up to 4000 Euros for lost luggage; P.I.R Lost Luggage, which enables users to open and follow in real time a property irregularity report (P.I.R) by receiving pieces of information regarding lost/damaged luggage through the use of a smartphone, and Travel Concierge, which offers customer care services 24 hours a day and seven days a week in a number of languages through telephone, Facebook, Twitter and e-mail, among others. It also provides Health Insurance.
SOSTRAVEL.COM S.P.A. 
