Does Zephyr Scale support Releases?

We are looking to move from Zephyr Squad to Zephyr Scale - Zephyr Squad supports Releases where Test Cycles are defined within a Release, where the Release is the Parent to each set of Test Cycles defined for each Release. It appears Zephyr Scale does not support Releases and that users would need to use Test Cycles in Zephyr Scale to define something similar to a Release, then use Test Cycle folders to define various Test Cycles within a Release/Cycle. 

Does this sound correct for Zephyr Scale? If zScale doesn't support Releases, is there a way to migrate Release Test Cycles from zSquad to Zephyr Scale?